buy sell hold 



Banking – Singapore

Hong Kong’s Virtual Banks – The Harbinger


Both Hong Kong and Singapore are highly competitive financial centres with active participation by many global banks. If virtual banks did not work in Hong Kong, then digital-only banks are unlikely to succeed in Singapore as well. We expect DBS (DBS SP/BUY/Target: S$31.48) and OCBC (OCBC SP/BUY/Target: S$14.62) to provide dividend yields of 4.0% and 4.7% for 2021F and 4.9% and 5.2% for 2022F respectively. Maintain OVERWEIGHT.


Read More ...




GKE Corp Ltd

Good start to the year


■ 1HFY5/21 net profit of S$6.5m (+260% yoy) was above expectations, at 72% of our full-year forecast.

■ GKE continues to ride on enhanced medical supply stockpiling in Singapore and China’s infrastructure boom.

■ Reiterate Add, with a higher SOP-based TP of S$0.184.


Read More ...



EV Battery Materials – China

Riding On EV Momentum; Prefer Domestic Leaders With Overseas Gain Potential


As we enter the decade of electric drive amid the rising popularity of EVs worldwide, we expect demand for EV battery materials to surge along with the fast-growing EV markets, particularly China and Europe. We expect substantial EV battery installations to translate into a 5-year c.30% demand CAGR for the four key battery materials. We prefer leaders with leading R&D capabilities, efficient capacity expansion plans and more importantly, deep-rooted cooperation with global top battery makers/OEMs. Initiate with OVERWEIGHT; BUY Easpring, Enjie and GEM.


Read More ...



Slow Road To Recovery


1Q21 DPU in line, maintain HOLD

SPHREIT’s 1Q21 DPU, down 13% YoY, jumped 122% QoQ to SGD1.20cts, as a quarter of deferred distributions was returned, on the back of recovering fundamentals. The results were in-line with ours and the street’s estimates, and we maintain forecasts and DDM-based SGD0.80 TP (COE: 7.8%, LTG: 1.5%). We see a slow pick-up in tenant sales at Paragon as tourism spend remains depressed by tight border controls, and hence its operational weakness to persist beyond FY21, even as Singapore’s retail recovery gains traction. Its balance sheet remains sound, but we see low near-term deal catalysts, as tenant retention gets prioritised. We prefer FCT (FCT SP, BUY, TP SGD2.90) for its more resilient suburban mall portfolio.


Read More ...

LionelLim8.16Check out our compilation of Target Prices

You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.750-0.010
Avi-Tech Electronics0.265-
Best World1.8200.020
Broadway Ind0.0890.003
China Sunsine0.380-0.010
Delfi Limited1.050-
Food Empire1.4400.020
Fortress Minerals0.270-
Geo Energy Res0.4050.015
GSS Energy0.027-
Hong Leong Finance2.500-0.060
Hongkong Land (USD)3.250-0.020
ISDN Holdings0.330-0.010
IX Biopharma0.041-
Jiutian Chemical0.025-
KSH Holdings0.250-
Leader Env0.050-
Medtecs Intl0.133-0.002
Nordic Group0.345-
Oxley Holdings0.093-
REX International0.118-0.003
Sinostar PEC0.137-
Southern Alliance Mining0.600-0.005
Straco Corp.0.505-0.010
Sunpower Group0.215-
The Trendlines0.084-0.001
Totm Technologies0.023-0.001
Uni-Asia Group0.840-
Wilmar Intl3.370-0.020
Yangzijiang Shipbldg1.6900.030

We have 3308 guests and no members online

rss_2 NextInsight - Latest News