Credit Suisse has initiated Mapletree Logistics Trust (M44U.SG) at “outperform”, setting 98 cents target price, reported Dow Jones Newswires. Broker says logistics REIT offers good growth prospects; “we view it as a proxy to Asian logistics real estate with strong growth potential through acquisitions and developments.”
Posts Tagged ‘suisse’
Singapore earnings upgrades driven by transport, says Credit Suisse
March 11th, 2010 |
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Singapore market has seen further consensus earnings upgrades so far in March, driven by the transport sector, says Credit Suisse. Broker says consensus 12-month forward earnings raised by 1.7% so far in March, follows on from February’s 3% upgrade.
“The transport sector again saw the highest upgrade (+8%), primarily driven by upgrades for Singapore Airlines (C6L.SG) and Neptune Orient Lines (N03.SG).”
Singapore health companies to post strong 1Q results, Credit Suisse
March 10th, 2010 |
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Singapore healthcare companies Parkway Holdings (P27.SG) and Raffles Medical (R01.SG) should post strong results for the March quarter thanks to improving fundamentals says Credit Suisse according to Dow Jones Newswires.
It is maintaining its “overweight” sector call and tipping companies to benefit from increased inpatient admissions, rise in revenue intensity and margin accretion.
SIA to benefit from tourist arrivals rebound, says Credit Suisse
March 9th, 2010 |
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Stronger-than-expected official Singapore tourist arrival forecasts will bode well for Singapore Airlines (C6L.SG), says Credit Suisse.
Singapore Tourism Board (STB), which announced latest 2010 Singapore tourist arrivals over the weekend, forecasts 11.5–12.5 million visitor arrivals this year vs broker’s expectation of 11.7 million and $17.5–18.5 billion in tourism receipts vs broker’s $16.3 billion forecast.
Straits Asia down 1.9%; selling prices to fall, says Credit Suisse
February 25th, 2010 |
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Straits Asia Resources (AJ1.SG) heads lower as FY09 results highlight worries over selling prices and volumes.
The coal miner’s shares are down 1.9% at $2.10 (vs FTSE ST All Share +0.1%) with support tipped at last week’s intraday low of $2.04.
OCBC Investment Research, which rates stock “sell” with $1.73 target price, says results were below consensus forecast with company’s guarded guidance a cause for concern.
NOL gains 1.7%; firmer freight rates in 2H10, says Credit Suisse
February 24th, 2010 |
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Neptune Orient Lines (N03.SG) has extended recent gains, gaining 1.7% at five-week high of $1.83, outperforming most other blue chips.
Shares of NOL have gained 8.4% since the start of this week vs STI’s 0.9% rise over same period, as investors accumulate on hopes of firmer freight rates in coming months.
Its share price resilience suggests NOL’s recent reiteration of expected bottomline losses until 1H10 already priced in.
Credit Suisse – Corporate moves
January 22nd, 2010 |
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Neil Harvey has been appointed MD/head, Asia Pacific/head, Emerging Markets globally for Asset Management wef Feb 1
Work experience: Deputy CEO/chairman international, Renaissance Group; founding partner, Bennelong Asset Management; head, investment banking division and client coverage, Credit Suisse Hong Kong
Genting leaves room for disappointment, says Credit Suisse
January 21st, 2010 |
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For the third day straight, Genting Singapore (G13.SG) was among the weaker blue chips as caution creeps in on casino’s opening following stock’s strong run.
As of 11:30 a.m., Genting shares were down 0.8% at $1.25 with near-term support at last week’s low of $1.22.
Genting’s stock had been a strong outperformer recently as hype builds up ahead of Resorts World Sentosa (RWS) opening. Its shares have risen 73% in the past six months vs STI’s rise of 18%. RWS hotels opened its doors yesterday, but the timing of Universal Studios and casino opening has yet to be confirmed.
Olam price target raised to $3.50 on wheat acquisition, says Credit Suisse
January 13th, 2010 |
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Credit Suisse has raised Olam’s (O32.SG) target price to $3.50 from $3.20 on an earnings upgrade after its announcement on the proposed acquisition of Nigerian wheat miller.
The investment bank estimates that the acquisition of Crown Flour Mills will be earnings-accretive, raising FY12 earnings estimate by 4%.
“We believe the transaction is both financially and strategically sound,” says Credit Suisse.
UOB’s Life Insurance unit sale a positive, says Credit Suisse
January 7th, 2010 |
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UOB’s (U11.SG) sale of its life insurance unit to Prudential (PRU.LN) for $428 million is a positive move, says Credit Suisse which is maintaining its “Outperform” rating with an unchanged $23 target price.
The brokerage says the bank’s life insurance business was “sub-scale”, making small loss in accounting terms, and needed to be either sold off or have more investment ploughed in to make it work.
Earnings upgrades for Singapore stocks to continue in 2010, says Credit Suisse
January 5th, 2010 |
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The Singapore market should continue to be propelled by consensus earnings upgrades in 2010, says Credit Suisse.
“Notwithstanding the nine consecutive months of consensus earnings upgrades in 2009, we expect this trend to continue into 2010 on a more positive outlook on top-line growth and margin,” says the Swiss investment bank.
Credit Suisse also says opening of new integrated resorts should boost tourist traffic, help transport plays, although it believes expectations for potential gaming revenues could be too high.
Earnings upgrades for Singapore stocks to continue in 2010, says Credit Suisse
January 5th, 2010 |
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The Singapore market should continue to be propelled by consensus earnings upgrades in 2010, says Credit Suisse.
“Notwithstanding the nine consecutive months of consensus earnings upgrades in 2009, we expect this trend to continue into 2010 on a more positive outlook on top-line growth and margin,” says the Swiss investment bank.
Credit Suisse also says opening of new integrated resorts should boost tourist traffic, help transport plays, although it believes expectations for potential gaming revenues could be too high.
Hong Kong Exchanges, Singapore Exchange raised at Credit Suisse
December 10th, 2009 |
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Hong Kong Exchanges & Clearing and Singapore Exchange were upgraded to “outperform” at Credit Suisse Group AG, which said rising equity markets and healthy liquidity conditions will boost turnover.
Hong Kong Exchanges was previously rated “underperform” while Singapore Exchange was rated “neutral” at the brokerage.
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SIA is top pick in transport sector for Credit Suisse
December 9th, 2009 |
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Next year 2010 should be a year of margin and earnings recovery for Singapore’s transport sector, says Credit Suisse.
The broker says Singapore Airlines (C6L.SG) is its top sector pick as is key beneficiary of rebound in premium travel, pickup in Singapore tourist arrivals.
“Demand outlook for airlines is improving and this presents a good opportunity for SIA to raise yields.” It has rated SIA an “outperform” with $16.70 target price.
Singapore rig building orders may disappoint, says Credit Suisse
December 8th, 2009 |
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Current share prices of Keppel Corp. (BN4.SG), Sembcorp Marine (S51.SG) suggest investors may be too optimistic about new demand for rigs, earnings, says Credit Suisse.
“Our analysis shows that the magnitude of expected increase in new orders and earnings growth is unrealistic and (the market) is likely to be disappointed,” says the Swiss investment bank.
STI to rise to 3,180 by 2010 says Credit Suisse: Update
December 2nd, 2009 |
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Singapore’s Straits Times Index may rise at least 14% to 3,180 by the end of next year, reflecting continued upgrades in earnings estimates, said Credit Suisse Group AG and UBS AG.
The gauge rose 0.5% to 2,786.03 as of 3:41 p.m. in Singapore. The index has climbed 91% from a six-year low on March 9 on signs stimulus measures were reviving economies around the world.
STI to rise to 3,180 by 2010, says Credit Suisse
December 2nd, 2009 |
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Singapore’s Straits Times Index may rise to 3,180 by the end of next year, reflecting continued upgrades in earnings estimates, said Credit Suisse Group AG.
“Consensus earnings upgrades have helped trigger share price performance in 2009,” Credit Suisse analyst Sean Quek wrote in a note dated yesterday. “We expect this trend to continue into 2010 on a more positive top-line and margins outlook.”
The brokerage said it is “overweight” on transport, banking, media and property stocks.
Among its top picks are Singapore Airlines, DBS Group Holdings, Neptune Orient Lines, Hyflux and Parkway Holdings.
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