Summary of the past week broker research reports as of 2015-07-31 (Part 1).
Most positive counters: DBS, Frasers Commercial Trust, Global Logistics and Sheng Siong Group.
Most negative counters: Sembcorp Marine, SIA Engineering, Vard Holdings.
Most Positive:
DBS GROUP HOLDINGS LTD (D05.SI)
CIMB Securities
ADD
23.540
(prev 22.770)
RHB Securities
BUY
23.300
UOB Kay Hian
BUY
25.120
(prev 25.080)
- CIMB Research 2015-07-23: Singapore Banks - Warren Buffett’s No.1 rule.
- CIMB Research 2015-07-28: DBS Group Holdings - Stronger IB, lower credit costs. Maintain ADD.
- RHB Research 2015-07-28: DBS Group Holdings - DBS’s 2Q15 earnings came in within expectations. Maintain BUY.
- UOB Kay Hian Research 2015-07-28: DBS Group - 2Q15: Steady Broad-based Growth. Maintain BUY.
FRASERS COMMERCIAL TRUST (ND8U.SI)
CIMB Securities
ADD
1.620
(prev 1.600)
DBS Vickers
BUY
1.760
(prev 1.790)
OCBC Securities
BUY
1.650
RHB Securities
BUY
1.710
GLOBAL LOGISTIC PROP LIMITED (MC0.SI)
CIMB Securities
ADD
3.340
(prev 3.310)
DBS Vickers
BUY
3.170
OCBC Securities
BUY
3.070
SHENG SIONG GROUP LTD (OV8.SI)
CIMB Securities
ADD
0.930
(prev 0.890)
Maybank KE
BUY
1.070
OCBC Securities
BUY
0.950
(prev 0.020)
Phillip Capital
ACCUMULATE
0.960
(prev 1.000)
RHB Securities
BUY
1.000
(prev 0.950)
- CIMB Research 2015-07-23: Sheng Siong Group - Upside from gross margins. Maintain ADD.
- Maybank Kim Eng Research 2015-07-27: Sheng Siong Group - Sweet Spot. Initiate with BUY.
- OCBC Investment Research 2015-07-27: Sheng Siong Group - Another good quarter . Maintain BUY.
- RHB Research 2015-07-24: Sheng Siong - More Room For Efficiency. Maintain BUY.
- Phillip Securities Research 2015-07-30: Sheng Siong Group - Poised to ride the cyclical upturn. Downgrade to ACCUMULATE.
Most Negative:
SEMBCORP MARINE LTD (S51.SI)
CIMB Securities
REDUCE
2.400
(prev 2.520)
DBS Vickers
HOLD
1.550
(prev 1.890)
Maybank KE
SELL
2.000
(prev 2.450)
OCBC Securities
HOLD
2.620
(prev 2.770)
RHB Securities
NEUTRAL
2.600
(prev 2.700)
UOB Kay Hian
HOLD
2.910
(prev 2.920)
- Maybank Kim Eng Research 2015-07-30: Sembcorp Marine - Rough patch not over. Maintain SELL.
- CIMB Research 2015-07-29: Sembcorp Marine - Uphill battle. Maintain REDUCE.
- UOB Kay Hian Research 2015-07-30: Sembcorp Marine - Lower-than-expected Earnings On Losses From Mark-To-Market, Forex And Associates.
- RHB Research 2015-07-30: Sembcorp Marine - Brace For Dividend Cut. Maintain NEUTRAL.
- OCBC Investment Research 2015-07-30: Sembcorp Marine - Cuts interim dividend. Maintain HOLD.
- DBS Group Research 2015-07-30: Sembcorp Marine - In a tight corner. Maintain HOLD.
SIA ENGINEERING CO LTD (S59.SI)
CIMB Securities
REDUCE
3.800
DBS Vickers
FULLY VALUED
3.700
OCBC Securities
SELL
3.450
Phillip Capital
REDUCE
3.430
UOB Kay Hian
HOLD
5.050
(prev 4.700)
- Phillip Securities Research 2015-07-28: SIA Engineering - Improved technology a bane for MRO. Maintain REDUCE.
- CIMB Research 2015-07-28: SIA Engineering - Still off the wind. Maintain REDUCE.
- UOB Kay Hian Research 2015-07-28: SIA Engineering - 1QFY16: Weak Start As Engine JVs Falter; Net Profit Comes In Below Consensus Estimate. Maintain SELL.
- DBS Group Research 2015-07-28: SIA Engineering - No rebound in earnings yet. Maintain FULLY VALUED.
- OCBC Investment Research 2015-07-28: SIA Engineering - 1QFY16 results below expectations. Maintain SELL.
VARD HOLDINGS LIMITED (MS7.SI)
Maybank KE
SELL
0.350
OCBC Securities
SELL
0.410
