Credit Suisse raises Olam (O32.SG) target price to $4.20 from $4.10 and reiterates its Outperform rating after the company said it will acquire 100% in BFI, a U.K.-based cocoa butter and specialty fats supplier, and BSD, a logistics services provider, for combined GBP33.5 million ($63.9 million).
Posts Tagged ‘raises’
DBS Vickers raises Olam’s target to $3.70
January 28th, 2011 |
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DBS Vickers raises Olam International’s (O32.SG) target to $3.70 from $3.60, and reiterates its Buy call on the back of higher commodity prices and expected earnings from recent acquisitions.
“We reiterate our Buy call on the stock for 19% upside to our revised target price. With earnings growth momentum intact from acquisitions, and diversified portfolio and geographic locations, we believe Olam remains undervalued. Strong 2Q11 and 3Q11 earnings should provide catalysts for share price appreciation,” DBS Vickers says.
Olam is down 0.6% at $3.09.
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Jackson Doctor Pleads Not Guilty; Wonder Woman Cosmetics; McDonalds Raises Prices & More Evening Crunch Crumbs
January 26th, 2011 |
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-Cute Overload! Meet the uber-adorable starting lineup for the seventh annual Puppy Bowl (It’s only like the Miss America of The Canine Circuit! Try to keep up, yall.) -Nas is broker than skiier’s left leg… -Dr. Conrad Murray pleads “Not Guilty” to manslaughter charges in the Michael Jackson case… -R.I.P. to Kanye’s Fatburger! -A Sacramento [...]
Deutsche Bank raises Keppel Land target to $5.08
January 25th, 2011 |
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Deutsche Bank raises Keppel Land (K17.SG) target price to $5.08 from $5.00 pegged to parity to RNAV and reflecting mark-to-market of KREIT (K71U.SG), higher-than-expected gain from the MFBC divestment, a higher-than-expected ASP for Lakefront and surplus on Nantong.
JP Morgan raises DBS target to $24 from $18
January 19th, 2011 |
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JP Morgan raised its target price for DBS Group (DBSM.SI) to $24 from $18 and kept its overweight rating.
JP Morgan said it expects the bank’s low return on equity to reverse over the next three years and rise to 14% in 2013, from 9% in 2009.
Credit Suisse raises Keppel, Sembcorp Marine targets
January 14th, 2011 |
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Credit Suisse raises Keppel Corp’s (BN4.SG) target to $13.50 vs $12.10 and Sembcorp Marine (S51.SG) target to $6.20 vs S$5.80 as the brokerage remains Overweight on the offshore & marine sector.
It says market trends indicate that a new rig replacement cycle is possible and that newer generation rigs are increasingly required to enable conversion of more challenging reservoirs.
Daiwa keeps Olam at Buy, raises target to $3.72
January 7th, 2011 |
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Daiwa keeps Olam (O32.SG) at Buy, raises its target price to $3.72 from $3.52; “we like the company’s business model, as we believe the company will perform well regardless of most exogenous factors, including flooding in Queensland and civil unrest in Ivory Coast (the world’s largest producer of cocoa).”
Goldman Sachs raises Keppel to Buy; targets $13.00
January 6th, 2011 |
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Goldman Sachs upgrades Keppel Corp (BN4.SG) to Buy from Neutral, raises its target to $13.00 from $11.00; “we expect KEP to deliver the largest increase in CROCI through 2013E within our O&M coverage universe, as its leading Singapore yard status makes it the best-placed to benefit from this upturn.”
Sprint Raises 4G Tally to 17 with Evo Shift 4G, MiFi 3G/4G Hotspot
January 4th, 2011 |
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Sprint introduced the Evo Shift 4G smartphone and Novatel Wireless MiFi 3G/4G Mobile Hotspot, bringing its total number of 4G devices to 17. Both will arrive in the first quarter. – The number of 4G-enabled devices on Sprint’s 4G WiMAX network is now up to 17, with the Jan. 4 introduction of the HTC Evo Shift 4G smartphone and the MiFi 3G/4G Mobile Hotspot from Novatel Wireless.
Building on the success of the Evo 4G, Sprint’s first 4G smartphone, the Evo Shift 4G features a sl…
Capital Group raises stake in Amtek Engineering
December 21st, 2010 |
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Amtek Engineering says Capital Group has increased its stake in the company from 5.52% to 6.33%, or from 30 million to 34.4 million shares. The increase by Capital Group follows the open market purchase of 2.9 million shares by Aranda Investments, a wholly-owned subsidiary of Temasek Holdings, on 2 Dec, increasing its stake in the company from 4.86% to 5.39%.
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Intel-McAfee Deal Raises EC Concerns: Reports
December 20th, 2010 |
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European antitrust regulators reportedly are taking a close look at Intels $7.68 billion bid to buy security software vendor McAfee. – Intels proposed $7.68 billion acquisition of security software
vendor McAfee could put the giant chip maker back in the cross hairs of
European antitrust regulators.
According to a report in the Wall Street Journal,
members of the European Commission the European Unions antitrust
arm are concer…
Credit Suisse raises ARA Asset Management target to $1.74
December 8th, 2010 |
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Credit Suisse lifts ARA Asset Management (D1R.SG) target to $1.74 from $1.18 after increasing FY10-FY12 EPS estimates by 10%-25% to account for higher acquisition fees and a larger asset portfolio.
Temasek raises stake in Singapore’s Amtek to 5.39%
December 8th, 2010 |
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Temasek Holdings (TEM.UL) has increased its stake in recently listed electronics components maker Amtek Engineering (AMEL.SI), to 5.39 % from 4.86 %, a regulatory filing showed.
SIA raises fuel surcharge by between US$3 and US$25
December 1st, 2010 |
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Singapore Airlines will raise the fuel surcharge for tickets issued from tomorrow by between US$3 ($3.9) and US$25 per sector as a result of the continued rise in the price of jet fuel in recent months.
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Suntec raises $325m from placement
November 30th, 2010 |
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Suntec Real Estate Investment Trust (SUNT.SI), which owns most of Singapore’s Suntec City complex, said it raised $428.8 million ($324.8 million) on Monday through a private placement of new units.
CIMB ups China Fishery to outperform; Raises target
November 26th, 2010 |
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CIMB upgrades China Fishery Group (B0Z.SG) to Outperform from Neutral, says FY10 net profit of US$116.5 million (+24% on-year) below forecast, represents 87% of FY10 estimate; says shortfall due to lower trawling revenue, poorer-than-expected anchovy catch in Peru.
Noble upgraded to Buy by UBS, raises target to $2.70
November 24th, 2010 |
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UBS upgrades Noble Group (N21.SG) to Buy from Neutral, raises target price to $2.70 from $2.10 after tweaking assumptions in discounted cashflow valuation.
Says Fed’s QE2 could lend momentum to commodity supply chain manager’s earnings.
“This should lead to strong capital flows to emerging markets and reinforce commodity-intensive growth, thereby incentivising commodity prices and trade-volume growth.”
Expects improved margins for Noble’s Chinese soybean crushing business in 3Q10 to continue through 4Q10, while coal and oil prices could rise further due to winter demand from northern hemisphere.
Upgrades FY10-12 EPS estimates to US$0.08, US$0.11, US$0.12 from US$0.07, US$0.09, US$0.10 respectively. Shares +2.5% at $2.06.
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Netflix Offers Streaming-Only in U.S., Raises DVD Pricing Plans
November 23rd, 2010 |
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Netflix has launched a streaming-only subscription plan in the United States, while Apple and Google are also devoting resources to streaming-media in the living room. – Netflix has launched a streaming-only subscription plan in the United
States. The move, combined with recent streaming-media forays by the likes of
Apple and Google, reinforces a paradigm shift thats clearly underway in how
people view television content.
“We are now primarily a streaming-video …
Meraki MR16 Raises WiFi Bar While Lowering Price
November 22nd, 2010 |
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The new Meraki 802.11n access points, called the MR16 and MR12, offer better WiFi performance and a lower price than the old models. – The new Meraki MR16 802.11n access point delivers improved
performance at a much lower price point than its previous models, while
seamlessly supporting all the WiFi features offered via Meraki’s Cloud
Controller.
The MR16 is one of two new access points based on Atheros’
fourth-generation 802…