Phillip Securities Research in a Feb 2 research report says: “Mercator reported 3Q11 revenue of US$40.5 million (+16.9% y-o-y) and net profit of US$5.1 million (-32.4% y-o-y). Revenue was 1.0% above our estimate of US$40.1 million while net profit was 55.1% below our estimate of US$11.3 million. It also announced an interim dividend of $0.0073.
Posts Tagged ‘hold’
Wing Tai Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “2Q net profit jumped 142% to $54m due to progressive billings from Helios Residences and sale of 14 Belle Vue apartments in Q2, bringing take up to c.72% and 7 units at L’VIV. Associates’ income surged to $16.9 million, thanks to billings from Floridian with a further 18 units sold in the quarter (74% sold to date).
Tiger Airways Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “Reported net profit of $22.6 million in 3Q-FY11 included $4.7 million non-operational exchange gains and was slightly below our expectations.
Phillip upgrades SIA to ‘buy’ from ‘hold’
February 1st, 2011 |
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Singapore Airlines reported lower third quarter net profit, hit by provisions for fines by the European Commission and South Korean regulator, as well as a settlement with US authorities on cargo price-fixing charges.
Phillip said that if the non-recurring cargo fines of $199.1 million were removed, SIA’s profit after tax and minority interests actually increased 21% year-on-year to $487.4 million.
RBS upgrades Tiger Airways to “hold†from “sellâ€
January 31st, 2011 |
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RBS has upgraded Singapore budget carrier Tiger Airways (TAHL.SI) to “hold” from “sell” and raised its target price to $1.90 from $1.58.
Tiger Airways said on Friday its third quarter net profit rose 60% to $22.6 million due to stronger passenger volumes and higher average passenger fares.
GIC to hold Citi, UBS stakes for many years, Tan says: Update
January 31st, 2011 |
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Government of Singapore Investment Corp., the biggest investor in Citigroup Inc. and UBS AG, plans to hold on to its stakes in the banks for “many years” and will only consider selling if there are attractive offers.
“We look to continue to hold on to our stakes in UBS and Citigroup for many years to come,” Tony Tan, deputy chairman of the Singapore sovereign wealth fund, said in a Jan. 29 interview at Davos, Switzerland, where he attended the World Economic Forum meeting. ‘But one never says never; if someone offers an extremely high price, of course we’ll look at the possibility.”
GIC to hold stakes in Citigroup, UBS for ‘many years,’ Tan says
January 30th, 2011 |
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Government of Singapore Investment Corp., the biggest investor in Citigroup Inc. and UBS AG, plans to hold on to its stakes in the banks for “many years” and will only consider selling if there are attractive offers.
“We look to continue to hold on to our stakes in UBS and Citigroup for many years to come,” Tony Tan, deputy chairman of the Singapore sovereign wealth fund, said in a Jan. 29 interview at Davos, Switzerland, where he attended the World Economic Forum meeting. ‘But one never says never; if someone offers an extremely high price, of course we’ll look at the possibility.”
OCBC cuts Kingsmen Creatives to Hold From Buy
January 28th, 2011 |
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OCBC downgrades Kingsmen Creatives (5MZ.SG) to Hold from Buy “in view of its hazy near-term outlook.” The house cuts its fair value estimate to $0.65 from $0.82.
The house says Kingsmen has been growing exponentially since its listing, with earnings growth recording double-digit rates between 2003 and 2008; “we believe that this trend may reach a plateau in FY10-FY11, and are projecting a mild contraction in FY10 profits followed by flat earnings growth in FY11.”
Nepal to hold fresh PM election Feb 3
January 27th, 2011 |
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Unable to elect a new prime minister even after 16 rounds of vote held throughout last year and failing two deadlines set this month for an all-party government, Nepal’s warring parties will now slug it out again next month during a fresh round of prime ministerial election Feb 3. The Business Advisory Committee of parliament, [...]
First Resources rated ‘hold’ by DMG
January 27th, 2011 |
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DMG & Partners Securities in a Jan 25 research report says: “Controlling shareholder, Eight Capital Inc., is selling 75 million of its First Resources’ shares (bringing its stake down from 74% to 68.2%) and FR is selling 15 million treasury shares, at $1.48 per share (8.1% discount to 19 Jan’s close).
OCBC initiates Global Palm Resources at Hold
January 26th, 2011 |
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OCBC Investment Research starts Global Palm Resources Holdings (K6J.SG) at Hold recommendation with a $0.40 fair value estimate.
It says the stock looks fairly valued at the moment and has a slightly higher P/E of 16X compared with the sector average of 15.3X, looking at relative valuations.
Sony Bloggie Touch, Flip HD Hold Dedicated-Device Line vs. Smartphones
January 25th, 2011 |
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Sony and Cisco continue to update their respective Bloggie and Flip lines of ultra-portable camera devices in spite of the growing popularity of smartphones and portable media players with camera modules and robust imaging software. Despite the latter’s rise, dedicated cameras such as Bloggie and Flip offer some distinct advantages for shutterbugs. First, there’s ease of use: One button turns these devices on, one big button records, and a USB port uploads images and video to your PC and Mac.Second, many dedicated devices on the market shoot images and video at high resolution. For example, the Bloggie Touch can shoot video in 1,920-by-1,080 resolution, along with 12.8-megapixel still images. The Flip Ultra HD boasts 1,280-by-720 resolution, along with a slimmer body than previous iterations. But with smartphones adding new visual software and more powerful camera modules on a quarter-by-quarter basis, will dedicated cameras such as the Bloggie and Flip eventually find themselves shunted to the dustbin of dead tech? That’s a question the marketplace will decide. – …
Britney Spears “Hold It Against Me†VIDEO Sneak Peek
January 24th, 2011 |
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Britney Stans may now begin hyperventilating: On Sunday, Spears Tweeted a picture from the second day of the video shoot for her catchy pop track “Hold It Against Me.” The promo is being directed by Gaga-favored lensman Jonas Akerlund and will premiere ahead of Spears’ still-untitled upcoming disc. “HIAM,” the first single from Brit’s forthcoming [...]
Citigroup cuts Mapletree Logistics Trust to Hold
January 24th, 2011 |
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Citigroup downgrades Mapletree Logistics Trust (M44U.SG) to Hold from Buy; the house says MLT has been one of the best performing S-REITs in the past year, up over 30% and has outperformed the STI by close to 20%.
“While we remain positive on its outlook, we are downgrading the stock to Hold on valuation grounds.” Citi raises it target to $1.00 from $0.92 to reflect both the improved rental outlook as well as potential acquisitions.
PEC downgraded to ‘hold’ by Phillip Securities
January 21st, 2011 |
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Phillip Securities Research in a Jan 20 research report says: “PEC announced that they had been awarded a $78 million EPC contract to provide pipe rack and utilities piping reticulation system for Tuas Power Utilities (TPU). With the contract win, we estimate that PEC’s current order book should be worth approximately $245 million.
M1 rated ‘hold’ by Phillip Securities
January 21st, 2011 |
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Phillip Securities Research in a Jan 20 research report says: “M1 reported FY2010 operating revenue of $979.2 million (+25.3% y-o-y) and net profit of $157.1 million (+4.5% y-o-y). It announced a final dividend of $0.077 and special dividend of $0.035 per ordinary share for FY2010.
Tat Hong Holdings rated ‘hold’ by OCBC
January 20th, 2011 |
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OCBC Investment Research in a Jan 19 research report says: “The floods in Australia have taken a toll on Tat Hong Holdings (Tat Hong), which announced that one of its seven branches in Queensland was evacuated on 11 Jan as a result of the floods.
STI slumps at 1.1%; 3200 support should hold – DBS Vickers
January 20th, 2011 |
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Singapore’s STI is down 1.1% at 3206.11, tracking broad declines across the region, which are led by the Shanghai Composite Index’s 2.9% fall on unabated concerns over further tightening measures from Beijing, which would put the brakes on the world’s second largest economy.
“Singapore’s equities are reacting in response to near term weakness in Shanghai,” says Yeo Kee Kian, a market strategist with DBS Vickers.
OCBC maintains Tat Hong Holdings at Hold
January 19th, 2011 |
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OCBC Investment Research maintains Hold recommendation on Tat Hong Holdings (T03.SG) and $0.99 fair value estimate, despite negative impact of floods on some of the heavy machinery group’s business in Australia.
Britney Spears “Hold It Against Me†Shatters Billboard Spin Record
January 18th, 2011 |
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Britney Spears’ latest track, “Hold It Against Me,” has received the highest amount of radio play in Billboard’s 18-year history. On Monday, Brit’s dance-fused single stormed Billboard’s Pop Songs chart — which lists the most-played songs on 130 mainstream Top 40 radio stations across the US — at No. 16, earning 4,071 plays in its [...]