“We’re bullish on its growth prospects from capacity and margin expansion, with earnings upside from acquisitions. Our target price of $1.41 is based on 13X CY12 P/E, a 10% discount to the plantation sector average to factor in its slimmer margins.”
Posts Tagged ‘starts’
CIMB starts Mewah at Outperform; $1.41 target
BNP Paribas starts Mewah International at Buy
EULEX starts preliminary investigation
EULEX prosecutors have begun a preliminary investigation into the allegations made in CoE Rapporteur Dick Marty’s report on organ trafficking in Kosovo.
EULEX has the capacity, competence, location and authority to conduct the inquiry and is willing to do so, says the release.
Bank of America-Merrill Lynch starts GMG Global at Buy; $0.50 target
The house says the stock offers a 75% potential upside and new target price implies FY2011 price earnings of 15.5X. “Rubber is the new black” and that GMG is the “world’s pure rubber play,” the house says.
CIMB starts Q&M Dental at Buy; $0.83 target
HSBC starts Sabana at Overweight, $1.12 target
HSBC starts Ascendas REIT at Overweight
Sharapova starts with Australian Open victory
Maria Sharapova began her bid for a second Australian Open title with a second-set comeback to post an opening-day victory over Thai veteran Tamarine Tanasugarn 6-1, 6-3 Monday. The three-time Grand Slam winner swept the opening set but trailed 1-3 in the second before finally claiming the win. The Russian 14th seed, who claimed the [...]
Phillip starts Overseas Union Enterprise at Buy
It says OUE’s revenue is strengthened with the acquisition of DBS Towers in August 2010. It notes “FY11 earnings will be further reinforced by the completion of two Grade-A office buildings – OUE Bayfront in 1Q11 and One Raffles Place Tower Two in 2H11, and recognition of sales from residential development Twin Peaks.”
Morgan Stanley starts Amtek Engineering at overweight
IIFL starts SembMarine at Buy, targets $6.83
Kim Eng starts RH Petrogas at Buy; $1.35 target
AmFraser starts Global Palm Resources at Buy
“We believe GPR may be trying to gain a foothold into East Kalimantan for oil palm cultivation. If the venture inroad proves successful, it will further beef up GPR’s production capacity and more importantly provide an alternative source of plantation landbank for oil palm cultivation.”
DMG starts Leader Environmental at Buy; eyes $0.53
Sharapova starts year with New Zealand victory
Maria Sharapova survived a late change of opponent to advance to the second round of the ASB Classic as she defeated Italy’s Alberta Brianti 6-2, 6-3 Monday. The Russian who last struck a competitive ball in early October in Beijing before ending her season early, faced Brianti as original opponent Carla Suarez Navarro of Spain [...]
CIMB starts Amtek at Outperform; $1.52 target
House projects 39% earnings CAGR for FY10-13; “We see catalysts from strong sets of results, continuous strong growth in the automotive segment, and any M&A announcements.”
Digital Security Starts With Educated Users
With digital security exploits at an all time high, it is time for corporations to thoroughly review their security products and digital security procedures. In this episode of Deeper Thinking sponsored by IBM, security expert Bobby Kuzma explains how to get users educated about security, implement security procedures that can help make up for
user mistakes and create a user responsibility model for your company.
– Video Content.
C&G starts construction of its 4th waste-to-energy plant this year
C&G Environmental Protection Holdings, the emerging player in China’s renewable waste-to-energy sector, says it has recently started construction of a new WTE plant located in Xiaogan City, Hubei Province.
HP Starts New Support Service for ProLiant Servers
HP claimed that Critical Advantage is the first service offering from a major technology vendor that delivers support for business-critical applications in virtualized x86 environments. – HP on Dec. 14 launched a new support package for virtualized ProLiant servers aimed at improving performance and availability of key business applications.
The HP Critical Advantage service provides clients with an assigned account team to deliver support and maintain uptime of business-critical,…



