Image result for buy sell hold

RHB

UOB KAYHIAN

Food Empire (FEH SP)

Instilling Stronger Discipline; Maintain BUY

 

 Maintain BUY with higher TP of SGD0.83 from SGD0.73, 36% upside, c.2% yield, pegged to 12x FY20F P/E. The write-off of its Caffe Bene associate in FY17, as well as the losses from new markets in recent years, have sparked investors’ concerns. During the analyst briefing, management said it would increase discipline in capital deployment and has drawn up several initiatives to address these concerns. This signals that management is receptive to investors’ feedback from previous meetings, and we are positive on this new development.

 

Read More ...

 

 

 

Plantation – Singapore

3Q19 Results Review: Earnings Turnaround, But Lower Than Expected

 

Most companies under our coverage saw a turnaround in 3Q19 earnings on the back of better ASP and lower cost, except for GGR. However, 3Q19 production came in below expectation, and the companies have revised their production guidance for 2019. We reckon that 4Q19 earnings would be higher on the back of the CPO price recovery in late Aug-19. The current high CPO spot prices will only be reflected in companies’ earnings in 2020. Maintain OVERWEIGHT.

 

Read More ...

MAYBANK KIM ENG

CGS CIMB 

Wilmar International (WIL SP)

Making headway

 

Long term is green; short-term focus on margins WIL’s recent ESG Corporate Day showcased its focus on improving standards in environmental protection, sourcing traceability, human rights and labour relations. This strategy should yield WIL long-term competitive advantages. That said, much more investments will need to be made to stay ahead in this rapidly evolving space, we believe. While WIL seems to have turned around from its 2Q19 rut from weak soybeancrushing margins, the lingering impact of ASF may reduce earnings visibility. A weaker sugar outlook also does not help. Although we raise EPS by 4-8% and our DCF and P/E blended TP to SGD4.21 after rollover, maintain HOLD.

 

Read More ...

 

BRC Asia Ltd

Ending the year with a bang

 

■ BRC’s FY9/19 net profit of S$31.6m (+162% yoy) was in line with our expectations. BRC surprised with a higher-than-expected dividend of 8 Scts.

■ We expect further margin expansion for BRC in FY20F, driven by its price leadership and cost synergies (post-acquisition of Lee Metal in 2018).

■ We like BRC for its good earnings visibility riding on the recovery in home market demand. Maintain Add and TP of S$1.90.

 

Read More ...


LionelLim8.16Check out our compilation of Target Prices




Share Prices

Counter NameLastChange
AEM Holdings3.700-0.100
Avi-Tech Electronics0.280-
Best World1.760-0.030
Broadway Ind0.120-
China Sunsine0.395-0.010
DISA0.003-
Food Empire0.640-
Fortress Minerals0.375-
Geo Energy Res0.3550.005
Golden Energy0.7950.005
GSS Energy0.048-0.001
InnoTek0.460-0.010
ISDN Holdings0.400-0.005
ISOTeam0.090-
IX Biopharma0.125-0.002
Jiutian Chemical0.080-
KSH Holdings0.350-
Leader Env0.056-
Medtecs Intl0.136-0.002
Meta Health0.025-
Nordic Group0.465-0.010
Oxley Holdings0.151-
REX International0.225-0.010
Riverstone0.6250.010
Sinostar PEC0.185-0.010
Southern Alliance Mining0.410-0.090
Straco Corp.0.395-
Sunpower Group0.2750.005
The Trendlines0.092-0.001
Totm Technologies0.102-
UG Healthcare0.190-0.004
Uni-Asia Group0.810-
Wilmar Intl4.050-0.040
Yangzijiang Shipbldg1.380-0.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 639 guests and no members online