Noble cut to 'neutral' with 77 cents target price by Goldman

Stock Name: Noble
Company Name: NOBLE GROUP LIMITED

Research House: Golman Sachs

Price Call: HOLD

Target Price: 0.77

SINGAPORE (June 17): Noble Group is coming under renewed pressure as Goldman Sachs downgraded the stock from "buy" to "neutral", along with a reduced target price of 77 cents from $1.30, as commodity prices continue to soften.

Weak commodity prices, in turn, will hurt Noble's profitability and cash generation from derivative assets, state analysts Nikhil Bhandari and Nelson Goh in a June 17 note.

Super Group kept at 'buy' with target price of $1.57 by Kim Eng

Stock Name: Super Group
Company Name: SUPER GROUP LTD.

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.57

SINGAPORE (June 17): That boy El Nino is back but his reappearance won't necessarily cause coffee manufacturer Super Group to break out in a sweat.

Weather soothsayers are saying that the El Nino effect is set to be stronger this year, which will hit the production and therefore prices of soft commodities, from coffee to palm oil to sugar. This might add pressure to Super's cost base, says Maybank Kim Eng.

CIMB sees buying opportunity in ST Engineering, backed by better prospects

Stock Name: ST Engineering
Company Name: SINGAPORE TECH ENGINEERING LTD

Research House: CIMB

Price Call: BUY

Target Price: 3.93

SINGAPORE (June 17): The recent drop in shares of ST Engineering is seen as a buying opportunity, as the company is set to enjoy improving prospects across its various business units this coming year and beyond, says CIMB.

A long-time favourite of investors hankering after a defensive play, ST Engineering is now trading below its seven-year mean of 19 times PE.

"Potential catalysts include sizeable contract wins in electronics and stronger MRO demand," writes CIMB analyst Lim Siew Khee in a June 16 note, where she maintains her "add" call and target price of $3.93.

Wilmar kept at 'buy' with TP of $4.04 by Maybank Kim Eng

Stock Name: Wilmar Intl
Company Name: WILMAR INTERNATIONAL LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 4.04

SINGAPORE (June 15): Maybank Kim Eng is maintaining its 'buy' call and target price of $4.04 for Wilmar International based on 15x P/E.

In a report out today, analyst Wei Bin says that although Wilmar is exposed to El Nino through its CPO, soybean and sugar crop, the worst impact on the agri-commodity trader is a 6% drop on PBT.

Last Wednesday, Japan's Meteorological Agency warned that El Nino is growing stronger and that its effects could last until winter.

Thai Beverage kept at 'buy' with 83 cents fair value by OCBC

Stock Name: ThaiBev
Company Name: THAI BEVERAGE PUBLIC CO LTD

Research House: OCBC

Price Call: BUY

Target Price: 0.83

SINGAPORE (June 15): OCBC Securities has maintained its "buy" call and target price of 83 cents on Thai Beverage Public Company Ltd as Thailand's broader economic prospects remain firm, which, will in turn, support consumption of the company's products.

iFAST kept at 'buy' with higher TP of $1.73 by DBS

Stock Name: IFAST
Company Name: IFAST CORPORATION LTD.

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.73

SINGAPORE (June 12): DBS Group Research is keeping its "buy" call on iFAST Corp, the online distributor of investment products, with a higher $1.73 price target.

In a report out today, DBS likes iFAST as it offers investors a unique investment proposition and is planning new initiatives to drive growth.

iFAST's key performance driver lies in the growth of Assets Under Administration (AUA), which generates recurring revenues, says DBS in a report out today.

Bumitama Agri kept at 'buy' with $1.26 target price by DBS

Stock Name: Bumitama Agri
Company Name: BUMITAMA AGRI LTD.

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.26

SINGAPORE (June 12): DBS Group Research has kept its 'buy' call on upstream palm oil play Bumitama Agri with a target price of $1.26.

"We peg BAL's TP at $1.26/share, based on DCF valuation. This implies FY16F PE of 14.3x," says analyst Ben Santoso in a report out today.

Santoso says aggressive expansion in FY05-FY13 has kept the age profile of trees at Bumitama younger compared to peers at 5.5 years.

Santoso expects this to deliver 14% CAGR in Fresh Fruit Bunch output over the next three years.