ANALYSTS SAY: Buy, Sell, Hold (16 Oct '17)

Image result for buy sell hold

UOB KAYHIAN	UOB KAYHIAN
Raffles Medical Group (RFMD SP) Awaiting Clarity On China Upfront Costs Though RMG’s near-term earnings outlook will be dampened by China start-up losses, we think longer term growth will be significantly enhanced where capacity will more than quadruple. We believe the ytd underperformance (-19.2%) offers an accumulation opportunity for investors with a horizon of three years or more. Maintain BUY with DCF-target price of S$1.28 (unchanged). Read More ...	Singapore O&G (SOG SP) Expect A Strong 2H17 On Healthy Operational And Industry Outlook We expect SOG to shift into higher gear in 2H17 on a healthy operational and industry outlook. Notably, we anticipate a strong performance from the O&G segment in 2H17 as we deem the Zika impact on births as a temporary deferment. Meanwhile, we remain positive on the recently set up paediatrics arm, where we expect the segment to break even in less than a year on strong cross referral synergies. Maintain BUY with a higher PE-based target price of S$0.62 (previously S$0.59). Read more...
UOB KAYHIAN
Singapore Telecommunications (ST SP) Bharti Airtel: Adding 44m Mobile Subscribers For Free Positive surprise from Bharti Airtel due to its merger with Tata Teleservices’ CMB, which was previously thought to have fallen through. Bharti Airtel gains 44m mobile subscribers and 178.5MHz of additional spectrum in the 850MHz, 1800MHz and 2100MHz frequency bands across 19 circles by paying only Rs20b to the DoT for unpaid spectrum liabilities. Bharti Airtel has closed the gap with revenue market share increasing from 35% to 40%, vs 42% for Vodafone-Idea. Maintain BUY and target price of S$4.53. Read more....

Check out our compilation of Target Prices

Counter Name	Last	Change
AEM Holdings	2.370	0.030
Best World	2.460	-
Boustead Singapore	0.945	-0.015
Broadway Ind	0.133	-
China Aviation Oil (S)	0.920	-0.005
China Sunsine	0.420	0.005
ComfortDelGro	1.480	-
Delfi Limited	0.895	-
Food Empire	1.260	-
Fortress Minerals	0.300	-0.005
Geo Energy Res	0.305	-0.005
Hong Leong Finance	2.500	-
Hongkong Land (USD)	3.140	0.020
InnoTek	0.550	0.030
ISDN Holdings	0.305	-0.005
ISOTeam	0.044	0.001
IX Biopharma	0.042	0.001
KSH Holdings	0.250	-
Leader Env	0.047	-0.004
Ley Choon	0.045	-
Marco Polo Marine	0.067	-
Mermaid Maritime	0.139	-0.001
Nordic Group	0.305	-0.005
Oxley Holdings	0.088	-0.001
REX International	0.133	-0.003
Riverstone	0.795	-0.020
Southern Alliance Mining	0.430	-
Straco Corp.	0.485	-0.025
Sunpower Group	0.210	0.005
The Trendlines	0.067	-
Totm Technologies	0.022	-
Uni-Asia Group	0.820	-0.005
Wilmar Intl	3.470	-0.030
Yangzijiang Shipbldg	1.740	-0.010

Counter Name

Last

Change

AEM Holdings

2.370

0.030

Best World

2.460

Boustead Singapore

0.945

-0.015

Broadway Ind