initiate coverage

KGI Securities has initiated coverage on China-based property developer Yanlord Land Group Limited with an “outperform” recommendation and a target price of $1.30.

UOB Kay Hian has initiated coverage on Frencken Group with a “buy” call and target price of $1.15.

UG Healthcare's share price surged some 650% year-to-date, to $1.05.

Phillip Capital has initiated coverage on mainboard-listed investment company Yoma Strategic Holdings with a “buy” call and a target price of 46 cents, representing a 87.8% upside for the stock.

DBS Research analyst Lee Keng Ling has initiated coverage on integrated electronics manufacturing services provider Valuetronics Holdings with a “hold” call and target price of 53 cents.

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, representing an upside of 52.5% for the stock. 

RHB initiates coverage on IREIT Global with a target price of 92 cents

Growth is expected to be driven by autonomous vehicles, which require almost twice the semiconductor content of conventional cars.

Is it time to wake up and smell the instant coffee?

“A spin-off into a REIT platform could also help unlock value for Boustead Projects in various forms." says UOB Kay Hian analyst Lucas Teng.