Excerpts from analysts' reports

OSK-DMG: Buy HanKore, target price 16.1 cents 

Analyst: Sarah Wong & Terence Wong, CFA

350_David-ChenDavid Chen, executive chairman of HanKore Environment. NextInsight file photoHanKore Environment Tech posted a strong operational performance in 2QFY14, with PATMI rising 19.7% y-o-y in 2Q and 62.5% y-o-y in 1H.

This was driven by a massive surge in EPC/construction and a healthy growth in wastewater treatment revenues.

The merger process with CEI is progressing well and we maintain our estimate for the asset injection to go through going into FY15.

Maintain BUY and SGD0.161 TP.

2H to see even stronger operational performance. With the completion and/or upgrade of Henan Sanmenxia Phase 1 (30,000 tonnes/day), Nanjing Liuhe Phase 2 (20,000 tonnes/day) and Shaanxi Xianyang Phase 2 (100,000 tonnes/day) by end of 1HFY14, HanKore Environment Tech is set to generate another surge in its recurring wastewater treatment income in 2HFY14.

Meanwhile, construction activities at Jiangsu Kunshan Phase 3 and another Sanmenxia project should continue to lift the construction segment’s revenue in 2HFY14.

Recent story: HANKORE ENVIRONMENT (11 c): OSK-DMG's Target price is 16.1 c

OCBC Investment Research: Buy Goodpack, target price $2.17 

Analyst: Yap Kim Leng

350_2davidlamDavid Lam, executive chairman and founder of Goodpack. NextInsight file photoGoodpack’s revenue and PATMI for 2QFY14 met our expectations by increasing 9.8% YoY to US$50.9m and 12.0% to US$12.5m respectively.

1HFY14 revenue at US$103.0m forms 99.9% and 49.1% of our 1HFY14 and FY14 forecasts respectively.

Correspondingly, 1HFY14 PATMI at US$26.4m forms 100.4% and 49.0% of our 1HFY14 and FY14 forecasts.

We maintain our previous investment thesis that new accounts and segments will drive growth as Goodpack acquired a new synthetic rubber client in China and also three new auto parts clients to start off with trials.

We maintain our BUY call with a DCF-based fair value of S$2.17.

Recent story: "GOODPACK's 4Q was strong, set for stronger profit growth?"

You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.3600.010
Best World2.440-0.040
Boustead Singapore0.9600.010
Broadway Ind0.128-0.001
China Aviation Oil (S)0.9100.005
China Sunsine0.410-
Delfi Limited0.900-
Food Empire1.320-
Fortress Minerals0.3200.005
Geo Energy Res0.305-0.010
Hong Leong Finance2.4900.010
Hongkong Land (USD)2.8500.030
ISDN Holdings0.295-0.010
IX Biopharma0.045-0.003
KSH Holdings0.250-
Leader Env0.0500.002
Ley Choon0.043-
Marco Polo Marine0.069-0.002
Mermaid Maritime0.139-0.003
Nordic Group0.315-0.010
Oxley Holdings0.0890.001
REX International0.135-0.002
Southern Alliance Mining0.445-0.005
Straco Corp.0.485-
Sunpower Group0.210-
The Trendlines0.069-
Totm Technologies0.022-0.001
Uni-Asia Group0.8250.005
Wilmar Intl3.3800.010
Yangzijiang Shipbldg1.770-0.010

We have 466 guests and no members online

rss_2 NextInsight - Latest News