DBS Vickers Securities in a Dec 28 research report says: “CSE has agreed to acquire Australian based ASTIB Group Pty Ltd (‘ASTIB’) for an initial consideration of $46.7 million (comprising cash of A$30 million and 5 million ordinary shares of CSE), valued at 7.35x FY10 June PE and 3.81x P/B.
Posts Tagged ‘rated’
The Think Environmental Co rated ‘increase exposure’ by SIAS Research
January 3rd, 2011 |
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SIAS Research in a Dec 28 research report says: “The Think Environmental Co (Think) announced that it has entered into an agreement to purchase 70% of Mornington Offshore Inc – the beneficial owner of two gold mining licenses in Africa. This agreement follows the memorandum of agreement inked earlier this month and is a confirmation of Think’s venture into gold mining.
Sembcorp Industries rated ‘buy’ by Phillip Securities
December 21st, 2010 |
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Phillip Securities Research in a Dec 17 research report says: “We visited Sembcorp Industries’ key utilities facilities on Jurong Island. We believe that there is scope for further expansion, including the construction of another wastewater treatment plant, if more chemical and petrochemical companies build their facilities on Jurong Island.
China Fishery Group rated ‘outperform’ by Standard Chartered
December 21st, 2010 |
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Standard Chartered Research in a Dec 7 research report says: “CFG intends to undertake a global offering of up to 200m new ordinary shares and plans to seek a dual primary listing on HKEX. Based on today’s closing price, we estimate the group could potentially raise up to $450 million. This presents a potential EPS dilution of up to 20%.
The Think Environmental Co rated ‘sell’ by DMG
December 20th, 2010 |
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DMG & Partners Securities in a Dec 17 research report says: “The Think Environmental Co (TENV) announced it has entered into a MOA with Mornington Offshore Inc (Mornington) for the proposed investment in the latter which owns 100% stake in a gold exploration company, Societe Emas Mali SA (SEM).
ComfortDelgro Corporation rated ‘buy’ by Kim Eng
December 20th, 2010 |
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Kim Eng Research in a Dec 17 research report says: “With the purchase of Swan Taxis in Perth completed, ComfortDelgro is now reported to be among eight companies vying to operate 850 metro buses in Adelaide, the capital of South Australia.
Mun Siong Engineering rated ‘buy’ by DMG
December 10th, 2010 |
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DMG & Partners Securities in a Dec 9 research report says: “Newly-listed Mun Siong Engineering (MS Engineering), which provides mechanical and electrical engineering services, is well-positioned to ride the strong growth in the petrochemical industry in Singapore, given its strong track record.
Pacific Andes Resources Developments rated ‘outperform’
December 10th, 2010 |
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CIMB in a Dec 9 research report says: “PAH is acquiring a 19.76% stake in ASX-listed Tassal for A$51.7 million (around $67 million). We are positive as we believe there could be earnings accretion in the near future, and Tassal could provide the platform for PAH to expand into the global farmed salmon business.
ConscienceFood Holdings rated ‘buy’ by DBS
December 10th, 2010 |
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DBS Vickers Securities in a Dec 9 research report says: “CSF is a leading manufacturer and seller of instant noodle and snack noodles in North Sumatra. CSF’s immediate growth driver is its expansion into cup noodle production in FY11F.
Global Logistic Properties rated ‘buy’ by Citi
December 10th, 2010 |
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Citi Investment Research in a Dec 8 research report says: “GLP has grasped the first-mover advantages over the past few years to build up its footprint in China, which would be hard to replicate without a significant amount of time input.
K-Reit Asia rated ‘underperform’ by CIMB
December 8th, 2010 |
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CIMB in a Dec 7 research report says: “With positive news flow on rental movements and strong pre-leasing momentum, we raise our rental assumptions for One Raffles Quay (ORQ) and Marina Bay Financial Centre (MBFC) and update lease review assumptions for ORQ.
Yanzhou Coal Mining Co rated ‘hold’ by Daiwa Securities
December 8th, 2010 |
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Daiwa Securities in a Dec 6 research report says: “We see more challenging y-o-y earnings comps in 2011, with the Felix acquisition rolled in fully and volume growth slowing through 2012. Seasonal factors remain positive for coal prices.
Aluminum Corporation of China rated ‘underperform’ by Daiwa Securities
December 8th, 2010 |
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Daiwa Securities in a Dec 6 research report says: “The Shanghai aluminium price has underperformed the global aluminium price significantly since mid-2010 due to oversupply.
Yanlord Land Group rated ‘buy’ by Citi Investment
December 7th, 2010 |
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Citi Investment Research in a Dec 6 research report says: “We project Yanlord’s net profit to grow at a CAGR of 18% from 2010E-2012E, mainly driven by a continuous increase in property delivery volume.
Raffles Medical Group rated ‘hold’ by OCBC
December 7th, 2010 |
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OCBC Investment Research in a Dec 6 research report says: “RMG’s 3Q10 results posted a 9.8% y-o-y increase in revenue to $60.9 million and 13.0% y-o-y growth in net profit to $10.7 million. This was driven mainly by its Hospital Services division, which saw a healthy 15% growth, although its Healthcare Services division grew only 4%.
AT&T rated worst carrier, $25 iPhone 4 at Radio Shack, Parrot AR.Drone review
December 6th, 2010 |
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Consumer Reports has rated the major wireless carriers in the US. The top rated carrier according to Consumer Reports is U.S. Cellular; AT&T was ranked the worst a full 22 points behind the leader. Radio Shack has a deal on the iPhone 4 right now that could see some getting the smartphone for $25. The [...]
Osim International rated ‘buy’ by DMG
December 6th, 2010 |
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DMG & Partners Securities in a Dec 3 research report says: “OSIM plans to offer and list Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange (TSE).
City Developments rated ‘neutral’ by DMG
December 6th, 2010 |
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DMG & Partners Securities in a Dec 3 research report says: “CityDev emerged as the highest bidder amongst four other participants for a 99-yr 230,000 sqf executive condominium (EC) site in Bukit Panjang. Its bid of $182 million (or $270 psf) was within our forecast, which represents a 16 – 61% premium over the other developers.
UOL Group rated ‘buy’ by OCBC
December 6th, 2010 |
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OCBC Investment Research in a Dec 3 research report says: “UOL Group launched its freehold Spottiswoode Residences project last month. The 351-units in the 36-storey development comprise primarily of one- to three-bedrooms of between 592 square feet to 1421 sf.
Olam International rated ‘buy’ by DBS
December 6th, 2010 |
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DBS Vickers Securities in a Dec 3 research report says: “Olam announced its intention to set up a Nigerian port-based (i.e. on Tincan Island, Lagos) sugar refinery with Lababidi Group under a 80:20 JV. The total project would cost c.US$200 million to be developed over 3 years between FY2011 to FY2013.