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Broker’s Picks – 30/10/14

Broker’s Picks – 30/10/14 »

OSIM International (HOLD; S$2.37)

3Q14 results was bad! We were bracing for growth to slow to +10 per cent yoy (vs. +15 per

Broker’s Picks – 29/10/14

Broker’s Picks – 29/10/14 »

MTQ Corporation Ltd (ADD; S$1.56)

Our base-case scenario factors in a consolidation of MTQ’s acquired businesses. We forecast 14 per cent earnings CAGR

Broker’s Picks – 28/10/14

Broker’s Picks – 28/10/14 »

Dairy Farm (BUY; U$11.20)

We initiate coverage on Dairy Farm (DFI SP) with a contrarian BUY rating and a DCF-derived TP of US$11.20

Broker’s Picks – 27/10/14

Broker’s Picks – 27/10/14 »

Ascendas REIT (BUY; S$2.45)

Ascendas REIT (A-REIT) reported a resilient set of 2QFY15 results which met ours and the street’s expectations. DPU grew

Broker’s Picks – 24/10/14

Broker’s Picks – 24/10/14 »

Singapore Exchange (HOLD; S$7.12)

SGX’s 1QFY15 net profit of S$77.6m was in line with our expectations, forming 98 per cent and 24 per

Broker’s Picks – 23/10/14

Broker’s Picks – 23/10/14 »

Genting Singapore (HOLD; S$1.03)

Genting Singapore (GS) has seen its share price taking quite a tumble, falling 29.4 per cent YTD and down

Broker’s Picks – 21/10/14

Broker’s Picks – 21/10/14 »

Guocoleisure (ADD; S$1.18)

At 34 per cent of our full – year forecast, 1Q FY 15 ’s core earnings are deemed in line

Broker’s Picks – 20/10/14

Broker’s Picks – 20/10/14 »

M1 Limited (ADD; S$3.80)

M1’s 9M14 core net profit was in line at 75 per cent of our and 76 per cent of

Broker’s Picks – 17/10/14

Broker’s Picks – 17/10/14 »

Singapore Post (BUY; S$2.09)

In our 3-stage DCF model, we have forecasted earnings growth of 7-9 per cent for FY15-16, and 16-17 per

Broker’s Picks – 16/10/14

Broker’s Picks – 16/10/14 »

Wing Tai Hldgs (BUY; S$2.15)

Wing Tai has the highest exposure in our coverage universe to the upper-mid and high end SG residential

Broker’s Picks – 15/10/14

Broker’s Picks – 15/10/14 »

CDL Hospitality Trusts (BUY; S$1.80)

Following the correction over the past few months, we see value emerging (implied valuation/key of its Singapore hotels

Broker’s Picks – 14/10/14

Broker’s Picks – 14/10/14 »

Wheelock Properties (S) Ltd (BUY; S$2.38)

Recent flash estimates of the URA private residential property price index showed a 0.6 per cent decline