buy sell hold 2021

LIM & TAN CGS CIMB
Capitaland Investment / CLI ($3.34, down 3 cents) announced that
CapitaLand is forging ahead with rejuvenation plans of its downtown properties to stay ahead of evolving lifestyle needs and preferences as Singapore gradually reopens its borders and more workers are expected to return to their offi ces from January 2022. Consumers can
look forward to new and exciting off erings at Raffles City Singapore, Funan and Clarke Quay in Central Singapore as well as at CapitaSpringin the  Raffles Place Central Business District (CBD).
At $3.34, market cap of Capitaland Investment is S$17,314mln, current P/B is 1.2x, FY20 dividend yield is 2.7% while it was lossmaking in FY20. According to Bloomberg consensus, there are twelve
buy recommendations and the average of the various analysts’
target price on Capitaland Investment is $4.00, representing a potential upside of 19%. We maintain ACCUMULATE.

Malaysia Strategy
Potential impact from floods in Malaysia


■ Malaysia hit by one of its worst flooding in years, after two days of heavy rain.
■ Our initial assessment revealed that port operators, manufacturing,
plantations and tourism industry are likely to be impacted by the flood.
■ This is likely to post some risk to 4Q21F corporate earnings. 

 

Read More ...

MAYBANK KIM ENG

LIM & TAN

Yinson Holdings Bhd
Enauta deal done; rights issue coming up


■ Yinson announced yesterday that it has signed an LOI with Enauta for the
EPCIC and potential charter of an FPSO for the Atlanta field, offshore Brazil.
■ We reduce our SOP-based TP to RM8.03 as the FPSO capex is higher than
thought, but lift EPS estimates to factor in EPCIC profit contributions.
■ Reiterate Add as we forecast core EPS to almost double between FY21 and
FY24F, with several other potential FPSO projects coming up in 2022-23F.

 

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Nanofilm Technologies ($3.72, down 16 cents) provided a business
update and noted that for FY21, the Group has invested in building
its long-term production capacities and business pipeline, incurring
plant and equipment qualification costs, some of which are one-off , in
Shanghai Plant 2 and new product introduction (“NPI”) expenses. These
investments are expected to benefi t the Group in the longer term as they prepare the Group to meet the increasing demand for its advanced materials and nanofabrication solutions.

At $3.72, market cap of Nanofi lm is S$2,468mln, FY20 P/E is 35.3x and
current P/B is 5.4x. According to Bloomberg consensus, there are four
buy, three hold and one sell recommendations while the average of
the various analysts’ target price on Nanofi lm is $4.28, representing a
potenƟ al upside of 15.1%. While the outlook for Nanofilm is still looking
positve going into FY22, we opine that its current valuations do not look
cheap. Recommend HOLD.

 

 

 



LionelLim8.16Check out our compilation of Target Prices




Share Prices

Counter NameLastChange
AEM Holdings4.0000.040
Avi-Tech Electronics0.275-0.005
Broadway Ind0.141-
China Sunsine0.4500.010
DISA0.003-
Food Empire0.500-0.005
Fortress Minerals0.3500.010
Geo Energy Res0.3650.010
Golden Energy0.7950.045
GSS Energy0.050-
InnoTek0.4400.005
ISDN Holdings0.430-
ISOTeam0.104-
IX Biopharma0.131-0.001
Jiutian Chemical0.0770.001
KSH Holdings0.335-
Leader Env0.050-
Medtecs Intl0.109-0.001
Meta Health0.0300.003
Moya Asia0.0890.001
Nordic Group0.490-
Oxley Holdings0.159-0.001
REX International0.225-
Riverstone0.5750.010
Sinostar PEC0.180-
Southern Alliance Mining0.630-
Straco Corp.0.410-
Sunpower Group0.260-
The Trendlines0.083-
Totm Technologies0.1230.001
UG Healthcare0.168-0.001
Uni-Asia Group0.860-0.030
Wilmar Intl3.840-0.020
Yangzijiang Shipbldg1.0300.010

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