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Broker’s Picks – 25/07/14

Broker’s Picks – 25/07/14 »

CapitaMall Trust (HOLD; S$2.11)

CMT’s results were within expectations, with 1H14 DPU making up c.48 per cent of our full-year forecast. Although sequentially

Broker’s Picks – 24/07/14

Broker’s Picks – 24/07/14 »

Sheng Siong Group (ADD; S$0.79)

1H14 net profit beat expectations as margins were higher than expected, likely due to 1) cost savings from

BROKER’S PICKS – 23/07/14

BROKER’S PICKS – 23/07/14 »

Frasers Centrepoint Trust (ADD; S$2.18)

FCT continued to grow operationally during the quarter. Portfolio occupancy grew to 98.5 per cent from 96.8 per

BROKER’S PICKS – 22/07/14

BROKER’S PICKS – 22/07/14 »

Singapore Banks (NEUTRAL)

We believe OCBC has the most scope to surprise on the upside as its outsize investment book might have benefited

Broker’s Picks – 21/07/14

Broker’s Picks – 21/07/14 »

Nera Telecommunications Ltd (NOT RATED)

However, the share price at S$0.77 could have incorporated all the short-term positives. We estimate Nera’s value at

BROKER’S PICKS – 18/07/14

BROKER’S PICKS – 18/07/14 »

Ezion Holdings (BUY; S$2.95)

Ezion has secured two charter contracts: 1) to provide a refurbished jackup to an East European-based oil major over

BROKER’S PICKS – 17/07/14

BROKER’S PICKS – 17/07/14 »

Sembcorp Industries (BUY; S$6.20)

SCI has raised its stake in the JV power plant Thermal Powertech Corporation India (TPCIL) to 60 per cent

BROKER’S PICKS – 16/07/14

BROKER’S PICKS – 16/07/14 »

SPH REIT (ADD; S$1.09)

SPH REIT’s YTD revenue was 2.9 per cent higher than our forecast, in part driven by i) strong 2QFY14

BROKER’S PICKS – 15/07/14

BROKER’S PICKS – 15/07/14 »

Plantations (NEUTRAL)

Palm oil stocks in Malaysia fell 10 per cent mom to 1.66m tonnes at end-Jun 2014. This is 14 per cent

BROKER’S PICKS – 14/07/14

BROKER’S PICKS – 14/07/14 »

Ezra Holdings (ADD; S$1.48)

Ezra’s sale of its offshore support business to EOC (and listing of the latter in Singapore by end-2014) provides

BROKER’S PICKS – 11/07/14

BROKER’S PICKS – 11/07/14 »

OUE Limited (BUY; S$2.80)

One Raffles Place (ORP) mall – the largest mall in Raffles Place – has 98,500 sq ft of NLA

BROKER’S PICKS – 10/07/14

BROKER’S PICKS – 10/07/14 »

Ezion Holdings (Underperform; S$1.80)

We initiate coverage of Ezion with an UNDERPERFORM rating and a target price of S$1.80. While Ezion has typically