ANALYSTS SAY: Buy, Sell, Hold (24 Feb)

buy sell hold 2021

CGS CIMB	CGS CIMB
APAC Realty Ltd Supported by high dividend yield ■ 2H/FY21 EPS of 5.16/9.96 Scts in line, at 51.1%/98.5% of our FY21 forecast ■ Slower market activity likely in the near term due to cooling measures ■ Reiterate Add with a lower TP of S$0.93; share price likely to be supported by high dividend yield Read More ...	Delfi Ltd A sweet treat to end FY21 ■ FY21 core net profit was a strong beat, at 129%/129% of our/consensus’ estimates on improved cost profile as sales momentum recovered. ■ Special DPS of 0.48 US cents proposed alongside final DPS of 1.08 US cents brings FY21 DPS to 2.83 US cents for an attractive c.5% yield. ■ Reiterate Add; raise TP to S$1.09 as we increase EPS for FY22-23F by 12- 13% while pegging at a slightly lower P/E multiple of 18x (from 20x). Read More ...
CGS CIMB	UOB KAYHIAN
Riverstone Holdings Bumper dividends ■ FY21 results were in line with our expectations. Back-loaded dividend payout of 38sen/share (final + special dividend) represents c.15% yield. ■ Strong demand for cleanroom gloves supports elevated ASPs. Structural shift in product mix means cleanroom could contribute 76% of FY22F GP. ■ With RSTON’s prioritisation of cleanroom segment bearing fruit, we think its earnings are more resilient vs. peers in the current environment. Retain Add Read More ...	Oversea-Chinese Banking Corp (OCBC SP) 4Q21: Downside Cushioned By Depressed Valuations 4Q21 was a disappointing quarter due to a shortfall in fee income, higher operatingexpenses and higher provisions. Asset quality deteriorated in Malaysia, Indonesia and Greater China. Management guided mid-to-high single-digit loan growth for 2022. Interest rates are on the rise and we expect OCBC to benefit from NIM expansion in 2H22. 2022 P/B is low at 1.1x. OCBC provides attractive dividend yield of 4.3% for 2022 and 4.6% for 2023. Maintain BUY. Target price: S$15.82. Read More ...

Counter Name	Last	Change
AEM Holdings	1.860	0.020
Best World	2.500	0.020
Boustead Singapore	0.950	-
Broadway Ind	0.148	0.003
China Aviation Oil (S)	0.870	0.005
China Sunsine	0.400	0.010
ComfortDelGro	1.380	-0.010
Delfi Limited	0.875	-
Food Empire	1.110	-0.010
Fortress Minerals	0.295	-0.015
Geo Energy Res	0.305	0.005
Hong Leong Finance	2.440	0.020
Hongkong Land (USD)	3.500	0.080
InnoTek	0.510	0.005
ISDN Holdings	0.305	0.005
ISOTeam	0.050	0.003
IX Biopharma	0.040	0.001
KSH Holdings	0.250	0.005
Leader Env	0.049	-
Ley Choon	0.054	-0.001
Marco Polo Marine	0.067	-0.001
Mermaid Maritime	0.138	0.003
Nordic Group	0.305	-
Oxley Holdings	0.087	-0.003
REX International	0.126	0.002
Riverstone	0.930	-
Southern Alliance Mining	0.485	0.005
Straco Corp.	0.480	-0.010
Sunpower Group	0.220	-0.010
The Trendlines	0.063	-
Totm Technologies	0.020	0.001
Uni-Asia Group	0.810	-
Wilmar Intl	3.130	-0.030
Yangzijiang Shipbldg	1.740	-0.010

Counter Name

Last

Change

AEM Holdings

1.860

0.020

Best World

2.500

0.020

Boustead Singapore

0.950

Broadway Ind