India

Could drybulk shipping be on cusp of recovery?

SINGAPORE (Sept 19): Axia Capital Markets believes the worst is over for drybulk shipping as the demand for iron ore imports from China grew faster than expected from its stimulus programme.

India remains BlackRock’s largest ‘overweight’

SINGAPORE (Sept 7): Blackrock says India remains its largest “overweight” in terms of credit while it continues to be “overweight” and “neutral” in Indonesia and China respectively.

Broker's Calls

IHH Healthcare expected to quell pain from cost pressures

SINGAPORE (Aug 26): UOB Kay Hian is maintaining its “hold” call recommendation on IHH Healthcare, lowering its target price from $2.31 previously to $2.14 as 2Q earnings were dragged down by startup costs of new hospitals as well as higher staff costs

Turning La Niña from investment bane to boon

SINGAPORE (Aug 23): Understanding La Niña weather patterns would greatly benefit investors in discovering emerging opportunities and ideas, says Deutsche Bank.

Sembcorp's stake in India renewable energy business rises to 68.74% after rights issue

SINGAPORE (Aug 8): Sembcorp Industries says its wholly-owned subsidiary, Sembcorp Utilities, has fully subscribed to the entire rights issue by Sembcorp Green Infra for IDR 750 million ($77,000), to fund the latter’s growth in India’s renewable energy

Wilmar emerges winner among unfancied upstream players

SINGAPORE (July 13): DBS Group Research has zeroed in on Wilmar International as its top plantation pick with a “buy” recommendation and a target price of $3.76.

Looking to invest in transport? Asia Pacific is your best bet

SINGAPORE (July 8): According to law firm Norton Rose Fulbright’s seventh ‘The way ahead’ transport survey, nearly half of all respondents are looking to Asia Pacific as the key market for investment in the transport sector, with China and India as
Sembcorp Industries (SCI) logo

Broker's Calls

Teething problems at Sembcorp’s India power plants

SINGAPORE (July 5): UOB Kay Hian has lowered its target price on Sembcorp Industries (SCI) and earnings forecast for SCI’s India operations, amid low spot electricity prices and plant issues.
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