Ho Bee Land kept at 'buy' by UOB with target price of $2.86

Stock Name: Ho Bee Land
Company Name: HO BEE LAND LIMITED

Research House: UOB KayHian

Price Call: BUY

Target Price: 2.86

SINGAPORE (June 11): UOB Kay Hian has maintained its "buy" call on Ho Bee Land with a target price of $2.86.

Analyst Vikrant Pandey says Ho Bee's London properties should contribute significantly to recurring income over the next few years.

"Ho Bee's very sizeable commercial portfolio, well in excess of $2 billion, could also well pave the way for a commercial REIT spin-off", wrote Pandey in a note after a company visit. "With a high trading discount to RNAV and a low free float of less than 25%, it remains a palatable candidate for privatisation plays," he added.

OUE kept at 'hold' with price target of $2.05 by Maybank Kim Eng

Stock Name: OUE Com Reit
Company Name: OUE COMMERCIAL REIT

Research House: Maybank Kim Eng

Price Call: HOLD

Target Price: 2.05

SINGAPORE (June 11): Integrated property developer OUE announced on June 10 that it has entered into a conditional sale and purchase agreement with OUE Commercial Real Estate Investment Trust (OUE C-REIT) for the sale and transfer of its shareholding interest in OUB Centre (OUBC).

OUBC is the registered owner of One Raffles Place and owns 81.54% of the beneficial interest in One Raffles Place.

Under the terms of the agreement, OUE will inject into OUE C-REIT all of its ordinary shares in Beacon Property Holdings (BPH), a wholly-owned subsidiary of the company.

Singtel kept at 'hold' with price target of $4.50 by Maybank Kim Eng

Stock Name: SingTel
Company Name: SINGTEL

Research House: Maybank Kim Eng

Price Call: HOLD

Target Price: 4.50

SINGAPORE (June 11): At its annual Investor Day on June 3, Singtel outlined plans for the entire group to aggressively pursue data growth.

The group has also taken to heart the digital initiatives of Group Digital Life and has launched products that leverage Singtel's investments.

In Singapore, the telco intends to develop its data business further by drawing more home and mobile customers towards fibre and tiered data plans.

At 71% and 61% penetration respectively, it believes there is room for growth.

Vard Holdings kept at 'sell' with price target of 47 cents by RHB

Stock Name: Vard
Company Name: VARD HOLDINGS LIMITED

Research House: RHB

Price Call: SELL

Target Price: 0.47

SINGAPORE (June 10): Vard Holdings has secured its first contract this year for one diving support and construction vessel for Singapore-based Kreuz Subsea.

This 105-men, DP2 class vessel will be of VARD 3 17 design with a total length of 91.2 metres and is scheduled for delivery from Norway in 2Q2017. It has an estimated value of NOK700 million.

The vessel will also have a 100-tonne active heave-compensated offshore crane, a 12-man diving bell system and is prepared for remotely-operated vehicles.

OCBC kept at 'buy' by DBS with higher target price of $12.80

Stock Name: OCBC Bank
Company Name: OVERSEA-CHINESE BANKING CORP

Research House: DBS Vickers

Price Call: BUY

Target Price: 12.80

SINGAPORE (June 10): DBS Group Research is maintaining its "buy" recommendation on Oversea-Chinese Banking Corp. or OCBC, raising its target price by 10 cents to $12.80.

In a report out today, DBS believes OCBC-Wing Hang's Greater China franchise is still unappreciated.

Although integration is still on-going, signs of improvement are visible in its wealth management income line, it adds.

Comfortdelgro's cash gives it firepower, says CIMB

Stock Name: ComfortDelGro
Company Name: COMFORTDELGRO CORPORATION LTD

Research House: CIMB

Price Call: BUY

Target Price: 3.42

SINGAPORE (June 9): CIMB reiterates its add recommendation and $3.42 target on Comfortdelgro, saying it remains its preferred pick in Singapore's land transport sector.

The broker it thinks the Singapore public transport firm's strong balance sheet means it can make earnings-accretive.

The key catalysts include earnings contribution from a new train line in Singapore and overseas expansion, CIMB says after the meeting.

Comfortdelgro is down 1.3% at $3.04, while the benchmark FTSE Straits Times Index is down 0.6%.

IPS Securex kept at 'buy' with $1.01 target price by RHB

Stock Name: IPSSecurex
Company Name: IPS SECUREX HOLDINGS LIMITED

Research House: RHB

Price Call: BUY

Target Price: 1.01

SINGAPORE (June 9): IPS Securex has received an earlier-than-expected US$4 million ($5.4 million) purchase order for PepperBall propducts, which will contribute to FY2015 net profit after tax.

Growth, however, will be limited by one-off costs from its co-manufacturing partnership.

RHB maintains its "buy" call on IPS Securex at $1.01 target price, a 28% upside and at FY2016 forward price-to-earnings.

The research house cites its purchase order as being a vote of confidence for PepperBall products.