ANALYSTS SAY: Buy, Sell, Hold (7 Apr)

buy sell hold 2021

CGS CIMB	CGS CIMB
AEM Holdings Ltd Feb global semicon sales grew 32.4% ■ According to SIA, global semicon sales grew 32.4% yoy in February 2022, the 11th month of yoy revenue growth. ■ AEM’s key customer, Intel, also launched its graphics processing chips (Intel® Arc™) on 30 March 2022. ■ Intel revealed its planned product roadmap at its 2022 Investor Meeting. Read More ...	Pan-United Corp Ltd A visit to the Innovation & Command Centre ■ We visited PanU’s Innovation & Command Centre on 5 Apr 2022 and were impressed by its strong R&D drive, tech adoption and sustainability efforts. ■ Aside from its diverse portfolio of over 300 specialised green products, we think PanU CarbonCure can potentially be offered as a carbon offset solution. ■ PanU’s intelligent logistics platform AiR enables greater operational efficiency through enhanced automation of fleet and supply chain. Reiterate Add. Read More ...
UOB KAYHIAN	UOB Kayhian
Venture Corporation (VMS SP) Positive Outlook, Exciting Future Plans And Strengthened Management Team Venture has reiterated a bullish outlook, with exciting future plans and a strengthened management team showing clear succession planning in its latest annual report. This is consistent with our BUY call on the back of: a) robust demand outlook, b) positive growth guidance from customers under our tracking, and c) attractive valuation of 2022F ex-cash PE of 13x vs its clients’ average PE of 29x along with a dividend yield of 4.6%. Maintain BUY and target price of S$22.80. Read More ...	HK/ China Strategy Update: Strategy – What Is In The Price? Even with the oversold rebound on 16 Mar 22, Chinese equities are still trading at an attractive 10.9x 12-month forward PE. We expect further legs to the rally in 2Q22, driven by easing of COVID-19 restrictions and kicking in of reflationary policies. We recommend going long on benchmark blue chips and beneficiaries of policy easing; sector-wise, these would be internet, commodities and renewables. Sustained high commodity prices and further US sanctions are the key risks in 2H22 Read more...

Counter Name	Last	Change
AEM Holdings	1.890	0.010
Best World	2.490	0.010
Boustead Singapore	0.955	-
Broadway Ind	0.140	0.006
China Aviation Oil (S)	0.865	-0.010
China Sunsine	0.395	-
ComfortDelGro	1.410	-
Delfi Limited	0.870	-0.010
Food Empire	1.130	-
Fortress Minerals	0.310	-
Geo Energy Res	0.300	0.005
Hong Leong Finance	2.430	-
Hongkong Land (USD)	3.430	0.030
InnoTek	0.505	0.005
ISDN Holdings	0.305	-
ISOTeam	0.048	-
IX Biopharma	0.043	-
KSH Holdings	0.250	-
Leader Env	0.049	-
Ley Choon	0.054	0.002
Marco Polo Marine	0.072	0.001
Mermaid Maritime	0.137	-0.015
Nordic Group	0.310	-
Oxley Holdings	0.090	0.003
REX International	0.125	-0.001
Riverstone	0.945	0.015
Southern Alliance Mining	0.480	-
Straco Corp.	0.490	-
Sunpower Group	0.240	0.005
The Trendlines	0.063	-0.001
Totm Technologies	0.020	-
Uni-Asia Group	0.835	0.005
Wilmar Intl	3.180	-
Yangzijiang Shipbldg	1.770	-

Counter Name

Last

Change

AEM Holdings

1.890

0.010

Best World

2.490

0.010

Boustead Singapore

0.955

Broadway Ind