ICT magazine

OCBC Investment Research has upgraded CapitaCommercial Trust (C61U.SG) to “buy” from “hold”, lifting its target price to $1.19 from $1.16 after increasing FY10 DPU estimate by 6% to reflect lower cost of debt, reported Dow Jones Newswires. Read more...

CLSA has initiated coverage of Keppel Land (K17.SG) a “buy”, setting its target price at $4.80. While the broker is cautious on Singapore office sector as a whole, CLSA says that Keppel Land should be well placed as its office building portfolio is well located. “Rents are bottoming out ...

OCBC Investment Research has raised Ezra Holdings (5DN.SG) target price to $2.88 from $2.54 after rolling forward valuation to 15x blended FY10-11 earnings. Keeps “buy” call, reported Dow Jones Newswires. Says prospects for offshore support vessel supplier remain bright given strong demand amid more upstream energy projects coming to ...

DMG has raised CNA Group’s (5GC.SG) target price to 57 cents from 51 cents on the back of earnings forecast upgrades, maintaining “buy” rating, reported Dow Jones Newswires. The broker says control and automation systems firm’s recent FY09 results well above expectations; raises FY10 earnings estimates by 11.8% to ...

If you are looking for a good graphics driver, the choices available to you will boggle your mind. Advanced Micro Devices (AMD) has joined up with ATI Technologies to make the most cutting edge graphics drivers.

Goldman Sachs has upgraded Singapore Airlines (C6L.SG) to “buy” from “neutral” saying airline has good leverage to recovery in corporate air travel, reported Dow Jones Newswires. “In the next 3 to 6 months, we expect consensus upgrades on premium carriers to extend the share rally for SIA, as sustained ...

CIMB starts ARA Asset Management at “trading buy” with $1.36 target price, based on sum-of-parts valuation. Expects more upside for shares of REIT and fund manager, citing contributions from more planned listings this year, growth potential of fund management business. Read more...

DBS Vickers has upgraded CityDev (C09.SG) to “buy” from “hold” on view developer will benefit from near-term improvement in newsflow for Singapore residential sector, reported Dow Jones Newswires. “With recent government indications that no new policy measures for the private residential market will be introduced for now, we believe ...

Phillip Securities has upgraded Cosco (F83.SG) to “buy” from “sell”, raising its target price to $1.45 from $1.03, based on 2.80x FY10 P/B vs 2.01x previously. Also increases FY10-12 earnings estimates by 8.1%, 6.9%, 8.3% respectively to reflect contributions from new contract worth over US$500 million ($699 million) to ...

OSK cuts Genting Singapore (G13.SG) target price to $1.13 from $1.22 on back of earnings downgrades, maintaining its “buy” rating, reported Dow Jones Newswires. The broker cuts FY10, FY11 earnings forecasts by 6%, 3% respectively, to factor in lower-than-expected number of tables and slots in operation at gaming company’s ...

Singapore Technologies Telemedia agreed to buy a 33% stake in U Mobile, a Malaysian mobile phone operator, from U Television, according to a joint statement from U Mobile and ST Telemedia.   The companies didn’t disclose the price of the sale.   ST Telemedia is a unit of Temasek Holdings.   {jcomments on}  

CIMB has upgraded MobileOne (B2F.SG) to n“trading buy” from “neutral”, raising its target price to $2.26 from $2.07 to reflect lower cost of capital estimates. Says company to be chief beneficiary of new Singapore government ruling calling for pay-TV operators to share exclusive content secured from March 12. Read ...

Now that the iPad is available for preorder, consumers are wondering whether or not the device is worth picking up. Admittedly, it's a tough decision. There are several products available right now that could easily match the iPad on value. Even Apple's own slate of products are arguably more worthwhile ...

Indian hospital chain Fortis Healthcare (FOHE.BO) plans to fund its stake buy in Singapore’s Parkway Holdings (PARM.SI) through a short-term loan and money raised through its recent rights issue, a top official said. Read more...


Phillip Securities has started coverage of Wee Hur Holdings (E3B.SG) with a “buy” with $0.66 target price, based on historical 11xP/E and expected EPS of $0.06 for 2010, according to Dow Jones Newswires. The broker says construction, property development group’s current $238.6 million orderbook will drive earnings until 2013 ...

Phillip Securities Research in a Mar 12 research report says: "Wee Hur Holdings Ltd, an award winning BCA Grade A1 builder and property developer, currently has an order book of $238.6 million keeping it busy till 2013. Read more...

DMG & Partners Securities in a Mar 9 research report says: "Swing Media announced that Shanghai Hui Yang New Energy Technology (SHY) has been awarded a contract to install solar powered energy systems in 20 petrol stations for China’s biggest oil producer, PetroChina. Read more...

DBS Vickers Securities in a Mar 10 research report says: "After notching up big operating losses in FY2009 and 1H-FY10 – owing to startup costs in Australia and fuel hedging losses – the airline turned around convincingly in 3Q10 with an operating margin of 17%. Read more...

DBS Vickers has started coverage of CapitaMalls Asia (JS8.SG) at “buy” with $2.51 target price, based on 1.1x NAV estimate, reported Dow Jones Newswires. Says mall operator’s appeal lies in its pan-Asian exposure to stable, resilient retail asset class, “with a scalable model that spans the entire value chain”....

CA is continuing its aggressive push to build up its cloud computing capabilities through acquisitions with the announcement that it plans to buy Nimsoft for $350 million. Nimsoft joins Cassatt, NetQoS, Oblicore and 3Tera in CA's series of cloud-related acquisitions. - CA is continuing to buy companies ...