initiate coverage

SINGAPORE (Apr 23): Maybank is initiating coverage on media and entertainment conglomerate mm2 Asia with a “buy” and a target price of 56 cents.

SINGAPORE (Apr 23): RHB Research is initiating coverage on MindChamps PreSchool with a “buy” recommendation and a target price of 95 cents – representing a potential upside of more than 15%.

SINGAPORE (Apr 16): RHB is initiating its coverage on Kimly, the operator of local coffee shops and food courts, with a “buy” and a 43 cents target.

SINGAPORE (Mar 28): DBS is starting e-commerce player Y Ventures at "buy” with target price of 77 cents.

SINGAPORE (Jan 29): Phillip Capital is initiating coverage on data analytics-driven e-commerce firm Y Ventures Group with a “buy” recommendation and a target price of 70 cents.

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): UOB Kay Hian is initiating coverage on Tuan Sing Holdings (TSH) with a “buy” recommendation and a target price of 71 cents – representing an upside of more than 70% to its closing price of 41.5 cents on Tuesday.

SINGAPORE (Nov 9): DBS Group Research is initiating coverage on real estate brokerage APAC Realty with a “buy” recommendation and a target price of $1.03.

SINGAPORE (Nov 2): RHB is initiating coverage on HRnetGroup with a “buy” call and a target price of $1.14.

SINGAPORE (Oct 20): RHB is initiating coverage on Aspen (Group) Holdings, the Penang-based property developer, at “buy” with a target price of 31 cents based on a 45% discount to a RNAV estimation of RM1.5 billion ($480 million).