Market Update

What happened in markets this week, and what are analysts talking about? Kimly Group •CIMB; Initiate with BUY and TP S$0.46 The house believes Kimly will maintain its status as the top coffee shop operator in Singapore, with earnings expected to grow at a CAGR of 47% in FY19/20-22F. Kimly has 72 coffee shops in Singapore […]

What happened in markets this week, and what are analysts talking about? Marco Polo Marine •RHB; Initiate with BUY and TP S$0.041 The house believes that Marco Polo Marine’s diversification into servicing the renewable energy sector will bear fruit in the next 1-2 years. In the meantime, the oil & gas sector remains a major source […]

What happened in markets this week, and what are analysts talking about? Ho BEE •DBS; Initiate with BUY and TP S$3.80: More than 90% of revenue generated from rental income which has been time and “COVID tested” with minimal earnings disruption- the House believes Ho Bee’s earnings profile is similar to a REIT, enabling HoBee to […]

What happened in markets this week, and what are analysts talking about? Valuetronics Reported a strong set of FY2021 results with net profit rising 4.6% higher than estimates. Strength in financial performance due to ICE segment which rose 11.3% yoy driven by logistics and e-commerce industry and delay in the switch over by its automotive […]

What happened in markets this week, and what are analysts talking about? Uni-Asia • KGI; Joel Ng: Upgrade to Outperform with TP S$0.91. Valuations are attractive with bulk carrier upcycle and resilient property markets in HK and Japan. The House raises its multiples for shipping division from 0.2x to 0.5x P/B while maintaining 0.5x P/B for […]

The market has been reacting with each new Covid development. But has it gone in the direction you expected it to go? We break down the share price changes of eight local companies from Circuit Breaker to Phase 2 (Heightened Alert).  Comment below to share your thoughts with us!

What happened in markets this week, and what are analysts talking about? Tencent Tencent reported 1Q results which were generally in line with estimates. Revenue +25% yoy to RMB135,303m ; Net profit +65% yoy to RMB47,767m while non IFRS net profit grew 22% yoy to RMB33,118m.  Results highlights • CIMB; Mark & Chi Man: Maintain […]

What happened? China has banned financial institutions and payment companies from providing services related to cryptocurrency, warning investors against speculative trading. According to a report by Bloomberg, China is home to about 70% of the world’s bitcoin-related calculations deriving from IP addresses based in China. Prior to this, the cryptocurrency market has already been under […]