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

Image result for buy sell hold

UOB KAYHIAN	UOB KAYHIAN
M1 (M1 SP) 3Q17: Steady Growth From Post-Paid Mobile And Fixed Services Post-paid revenue grew 5.4% yoy, driven by expansion of post-paid subscriber base of 3.2% yoy and stable ARPU of S$55.40. The growth momentum in M1’s fixed services business was maintained. M1 continues to revamp its service offerings to address customers’ need for more data. Maintain BUY. Target price: S$1.95. Read more...	Thai Beverage (THBEV SP) Positioning For Vision 2020 With Grand Royal Acquisition The group made a US$741.6m acquisition of Myanmar distilleries last week. We view the acquisition positively as it gives THBEV access to a huge population in Myanmar, signalling its commitment to Vision 2020 of diversifying revenue contribution out of Thailand. Furthermore, with the one-year mourning period ending in October, we expect to see a strong uptick in alcohol consumption, where THBEV has already lined up several marketing campaigns to be launched in November. Maintain BUY and SOTP-based target price of $1.09. Read more...
CIMB
AEM Holdings Ltd Raising guidance once again Charles Cher, CEO of AEM Holdings. ■ AEM raised its FY17F pretax profit guidance, citing higher sales, better margins and better operational efficiency YTD. ■ It now expects FY17FF pretax profit to be at least S$32.0m, +33.3% from its previous guidance of S$24.0m. ■ AEM updated its 9M17F pretax profit guidance to S$25m-27m, up 42.9-54.3% from its previous guidance of S$17.5m. ■ We raise FY17-19F EPS by 19.3-32.6% to factor in the higher pretax profit guidance. ■ We roll forward our valuation basis to 10x FY19F P/E (multiple unchanged), which raises our target price by 32.7% to S$4.55.
DBS Vickers
CHIP ENG SENG Too (Chip) to Ignore ♦ Initiating coverage with BUY and SOTP-based TP of S$1.18; attractive prospective yield of 4.4% ♦ Chip Eng Seng is a property development and construction play trading at a substantial 52% discount to RNAV and 0.7x P/NAV ♦ Locked-in >S$1 bn in presales, with further upside from ongoing tenders and recently replenished land bank ♦ Growing investment and hotel portfolio offers stability

Check out our compilation of Target Prices

Counter Name	Last	Change
AEM Holdings	2.360	0.010
Best World	2.470	0.010
Boustead Singapore	0.965	0.005
Broadway Ind	0.129	0.001
China Aviation Oil (S)	0.920	0.015
China Sunsine	0.415	0.005
ComfortDelGro	1.500	0.010
Delfi Limited	0.905	0.005
Food Empire	1.270	0.020
Fortress Minerals	0.310	-
Geo Energy Res	0.310	-
Hong Leong Finance	2.490	-0.010
Hongkong Land (USD)	3.070	0.040
InnoTek	0.525	-
ISDN Holdings	0.310	0.005
ISOTeam	0.041	-0.002
IX Biopharma	0.043	-
KSH Holdings	0.250	-
Leader Env	0.051	0.001
Ley Choon	0.046	0.003
Marco Polo Marine	0.066	0.001
Mermaid Maritime	0.141	0.003
Nordic Group	0.340	-
Oxley Holdings	0.089	-
REX International	0.137	0.001
Riverstone	0.820	0.020
Southern Alliance Mining	0.445	0.015
Straco Corp.	0.500	0.010
Sunpower Group	0.210	0.010
The Trendlines	0.069	-
Totm Technologies	0.022	-
Uni-Asia Group	0.825	-0.010
Wilmar Intl	3.480	0.030
Yangzijiang Shipbldg	1.780	0.060

Counter Name

Last

Change

AEM Holdings

2.360

0.010

Best World

2.470

0.010

Boustead Singapore

0.965

0.005