buy sell hold  


Keppel DC REIT

Continued to deliver but priced in


■ 1QFY21 DPU of 2.46 Scts (+18.1% yoy) came in line with our full-year forecast.

■ The stronger revenue and NPI were driven by acquisitions and AEIs.

■ Demand for data centres continued to be strong, but we believe this has been priced in. The REIT is trading at <4% dividend yield. Reiterate Hold.


Read More ...



Yangzijiang Shipbuilding (Holdings)

(YZJSGD SP) Another Month, Another US$1b In New Orders


With the ink barely dry on the US$1.7b worth of order wins in Mar 21, YZJ has announced another slate of orders for 15 vessels totalling US$0.97b. More than half of these are containerships, which is positive given that such vessels attract higher shipbuilding margins. As a result of the order wins, we have increased our EPS estimates for 2021-23 as well as raised our order-win expectation for 2021 to US$5.5b. Maintain BUY with a higher target price of S$1.76.


Read More ...


DBS Group

Investing in Shenzhen


■ DBS has announced the acquisition of a 13% stake in Shenzhen Rural Commercial Bank for 1.01x P/BV.

■ The transaction is expected to be immediately accretive to earnings.

■ Reiterate Add. ROE of c.12% for DBS’s stake is in line with China banks. We anticipate positive share price movement on this announcement.


Read More ...

LionelLim8.16Check out our compilation of Target Prices

You may also be interested in:

You have no rights to post comments


We have 456 guests and no members online

rss_2 NextInsight - Latest News