Market Update

What happened in markets this week, and what are analysts talking about? Propnex •Phillip Capital; Downgrade to Accumulate. The House downgraded the stock to Accumulate with TP S$2.08. The House lift its FY21F PATMI estimates by 53% but believes the recent rally has priced in most of the positives. The downgrade follows UOBKH who also […]

What happened in markets this week, and what are analysts talking about? Civmec •KGI; Initiate Outperform with TP S$0.86. The House thinks that Civmec has both short and long term drivers. Short term drivers include favourable industry dynamics driven by China’s appetite for iron ore. The likelihood of increased contract wins as Australian government ramps […]

What happened in markets this week, and what are analysts talking about? UOB •DBS; Maintain BUY TP S$29.20 Net Profit beat consensus by ~4% due to lower than expected provisions and higher than expected non interest income. The Bank resumed dividend policy of 50% payout ratio.  •UOBKH; Not rated. Net interest income turned around since 2H20. The […]

What happened in markets this week, and what are analysts talking about? RH Petrogas •UOBKayhian; Non-rated The House highlighted the company after seeing strong 1Q earnings which they think are sustainable driven by a recovery in oil prices, reduced production costs and renewal of 20 year PSCs for oilfields in Indonesia. The House has a 20 […]

 What happened in markets this week, and what are analysts talking about? Koda Ltd •Phillip Capital; Initiate BUY with TP S$1.32 The House thinks valuation are attractive given that after stripping out net cash of US$13.7m, Koda trades at just ex-cash PEs of 3.3x/2.2x FY21F/22F. Cataylsts include higher exports to US and increase in production capacity. […]

What happened in markets this week, and what are analysts talking about? Marco Polo Marine •UOBKH; Maintain BUY with higher TP S$0.036 The House noted the rationalised oil & gas offshore support industry showing resilience over the COVID-19 pandemic. The House likes MPM for its lean operations and a successful transition to new revenue sources would […]

What happened in markets this week, and what are analysts talking about? Uni-Asia Group Limited •KGI; Maintain Outperform with higher TP S$1.42 The House thinks valuation are attractive amid the stronger than expected bulk carrier upcycle. The dry bulk carrier market is now at its highest since 2010. Uni Asia will be reporting its 1H results […]

What happened in markets this week, and what are analysts talking about? Hyphens Pharma Intl Ltd •KGI; Upgrade to Outperform with higher TP S$0.43 The House thinks 1Q21 earnings for Hyphens looked promising after the Group delivered its highest ever quarterly sales in 1Q with a 6.3% profit margin as demand in Vietnam recovers. The Group […]