buy

SINGAPORE (Dec 14): OCBC Investment Research is upgrading its call on DBS Group to “buy” with a higher fair value estimate of $27.40 based on 1.4 times FY18E book while projecting for the group’s earnings to rise 25% in FY18.

SINGAPORE (Dec 14): Maybank Kim Eng Research is initiating coverage on Bukit Sembawang Estates at “buy” with a target price of $8.25, at a 20% discount to the research house’s RNAV of $10.31, on expectations of a cyclical earnings rebound in FY19/20

SINGAPORE (Nov 29): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT with a lower target price of 99 US cents ($1.33) compared to US$1.07 cum rights.

SINGAPORE (Nov 27): Brokerages are unanimously positive on Thai Beverage (ThaiBev) after the F&B group last week reported a surge in FY17 earnings on the back of fair value gains by Singapore-based Fraser & Neave (F&N), coming in line with general expecta

SINGAPORE (Nov 10): RHB Research is downgrading its call on SIIC Environment Holdings to “neutral” from “buy” with a  lower target price of 54 cents from 82 cents previously.

SINGAPORE (Nov 8): DBS Vickers Securities is reiterating its “buy” call on Hi-P International with a higher target price of $2.30  from $1.67 previously after applying a 10% premium to peers’ P/E of 14 times on FY18F earnings projections.

SINGAPORE (Oct 20): Phillip Capital is maintaining its “buy” call on China Everbright Water (CEW) with a lower target price of 54 cents.

SINGAPORE (Oct 12): OCBC Research is maintaining its “buy” recommendation on Venture Corporation while raising its fair value estimate to $20.33 from $14.80 to factor in a stronger 2H for the group’s FY17 earnings.

SINGAPORE (Oct 2): Maybank Kim Eng is reiterating its “buy” call on GuocoLand with an unchanged target price of $2.75, after the property developer last week emerged as the top bidder for a commercial site at Beach Road.

SINGAPORE (Sept 29): Maybank Kim Eng is upgrading its call on land transport operator ComfortDelgro (CDG) to “buy” from “hold” while raising its price target on the stock to from $2.25 to $2.40, which implies 16.3 times FY18E earnings per share (E