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 ‘rated’
Micro-Mechanics Holdings rated ‘buy’ by OCBC
February 2nd, 2011 |
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OCBC Investment Research in a Feb 1 research report says: “Micro-Mechanics (MMH) reported its 2Q11 results with revenue increasing 17% to $11.4 million and net profit surging 149.4% to $1.8 million. The growth was driven by increased sales of its semiconductor tooling business and Custom Machining and Assembly division as a result of improved conditions.
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 $4.7 million non-operational exchange gains and was slightly below our expectations.
Ascendas India Trust rated ‘buy’ by Citi
February 2nd, 2011 |
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Citi Investment Research in a Jan 27 research report says: “While revenue was up 4% in INR terms due to higher maintenance/operations income, growth was flat in S$ terms, as a result of currency (Rs 33.3 vs Rs 34.5/SGD in Q3Fy10).
Global Logistic Properties rated ‘buy’ by Nomura
February 2nd, 2011 |
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Nomura Research in a Feb 1 research report says: “Recent activity/news flow in China’s logistics space suggests two emerging trends: (1) significant demand for quality modern warehouse facilities, as evident in Alibaba’s reported plans and (2) consolidation, which highlights two key ingredients for success: scale and access to capital.
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).
Parkway Life Reit rated ‘buy’ by DBS
January 25th, 2011 |
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DBS Vickers Securities in a Jan 24 research report says: “4Q10 DPU of 2.38 cents (+16% y-o-y; 6% q-o-q) was within our expectations. Gross revenue grew 21% y-o-y to $21.5 million, driven largely by additional contributions from a total of 19 nursing homes acquired and higher revenue from Singapore properties.
Q&M Dental Group rated ‘buy’ by CIMB
January 25th, 2011 |
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CIMB in a Jan 24 research report says: “Q&M is in a sweet spot with 37 clinics and two Dental Centres island-wide to tap the population’s dentistry needs, while its two Dental Centres yield higher revenue intensity.
“Investors have over the last six months taken over two healthcare groups (Parkway and Thomson Medical) at high premiums. Like Q&M, these names have strong brand equities, solid patient volumes, revenue & cash flows, and overseas ventures.
“Target price of 83 cents, based sum-of-the-parts valuation. Q&M offers investors value at 15x CY12 P/E (cheaper than peers) against our 3-year core earnings CAGR forecast of 30%. We like it for its strong recurring earnings in the domestic market and international expansion plans. BUY (initiating coverage).”
China Sunsine Chemical Holdings rated ‘buy’ by Phillip Securities
January 21st, 2011 |
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Phillip Securities Research in a Jan 21 research report says: “9M10 revenue improved 39.8% y-y while net profit registered an improvement of 50.7% y-o-y. In view of the buoyant performance of the automobile industry, we believe Sunsine should maintain its momentum for 4Q10. The main product of the company is the rubber accelerator which accounts for close to 90% of revenue.
Pacific Shipping Trust rated ‘buy’ by DBS
January 21st, 2011 |
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DBS Vickers Securities in a Jan 20 research report says: “Revenue and operating profit in 4Q10 came in 2% q-o-q and 8% y-o-y lower, owing to more off-hire days arising from repairs to the 2 time-chartered vessels.
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.
UOL Group rated ‘buy’ by OCBC
January 20th, 2011 |
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OCBC Investment Research in a Jan 19 research report says: “UOL announced that it has successfully tendered for the Lion City Hotel Site and the adjoining Hollywood Theatre Site for $313 million. We estimate that this project has a net present value of $62 million or $0.08 per share.
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.
Sinopipe Holdings rated ‘increase exposure’ by SIAS
January 20th, 2011 |
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SIAS Research in a Jan 19 research report says: “Sinopipe Holdings manufactures, distributes and installs plastic pipe and fittings. Positive industry factors such rapid urbanisation of China and superior properties of plastics over other materials are impelling the demand for plastic pipes.
Singapore Airlines rated ‘buy’ by Kim Eng
January 20th, 2011 |
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Kim Eng Research in a Jan 18 research report says: “SIA’s December passenger load factors dipped 3.6 percentage points y-o-y but still remained healthy at 80.7. Cargo continued to outperform expectations, with load factor holding steady at 63.5.
Sembcorp Marine rated ‘neutral’ by DMG
January 20th, 2011 |
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DMG & Partners Securities in a Jan 17 research report says: “Sembcorp Marine (SMM) has won a shipbuilding and three upgrading jobs valued at $215 million for various customers. We estimate that total outstanding orderbook climbed to $5.7 billion, with deliveries extending up to end 2013 and is 1.4x annualised FY10 revenue.
Keppel Corporation rated ‘outperform’ by CIMB
January 18th, 2011 |
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CIMB in a Jan 17 research report says “Industry newswire, Upstream, says Keppel Fels has emerged as the frontrunner for two harsh-environment rigs from Maersk worth US$900 million.
Renewable Energy Asia Group rated ‘buy’ by DMG
January 17th, 2011 |
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DMG & Partners Securities in a Jan 14 research report says: “Renewable Energy Asia Group (REAG) has secured another concession to develop a 49.5MW wind farm with its JV partner, China Datang Corporation Renewable Power Co (China Datang). The wind farm will be located in Binhai New Area, Jiangsu Province, China.
Comfortdelgro Corporation rated ‘outperform’ by CIMB
January 17th, 2011 |
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CIMB in a Jan 14 research report says: “Supported by economic growth, strong tourist arrivals and rising costs of car ownership with recent spikes in COE premiums, ComfortDelgro’s local land-transport operations should continue to grow this year.