initiate coverage

Broker's Calls

DBS starts 'buy' on BRC Asia on the back of recovery of the construction sector

DBS has given BRC Asia a target price of $2.40, which is based on a one year forward P/E of 8.2x.
CGS-CIMB starts Yangzijiang Financial Holding at 'add' due to 'generous' 40% dividend payout - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB starts Yangzijiang Financial Holding at 'add' due to 'generous' 40% dividend payout

The analysts also like the stock as it is the only Singapore listed mid-size cap proxy to fund management and private equity.

Broker's Calls

PhillipCapital starts Silverlake Axis at 'buy' with TP of 38 cents

The TP is pegged to an FY2022 P/E of 20x. It is also an 11% upside to peer valuations of around 18x P/E, says analyst Glenn Thum.

Broker's Calls

CGS-CIMB initiates coverage on LHN Logistics, trading at 50% discount to peers

According to CGS-CIMB, LHN Logistics is trading at a 50% market size discount to peers with an FY2023 P/E of 9x.

Broker's Calls

SAC Capital starts China Shenshan Orchard at 'buy', calls company 'undervalued'

The brokerage has also pegged an estimate of 70 cents on the company.

Broker's Calls

Analysts continue to like AEM's prospects following Intel news; UOBKH initiates 'buy'

UOB Kay Hian has initiated "buy” on AEM Holdings with a TP of $5.60, while Maybank has kept "buy" with an unchanged TP of $6.34.

Broker's Calls

DBS initiates 'buy' on GuocoLand as it looks to benefit from the office market recovery

A potential securitisation of GuocoLand’s income-producing portfolio is one way to drive the property developer's share price: DBS
CGS-CIMB starts Pan-United at 'add'; SAC Capital sees 'brightening outlook' with higher TP of 53 cents - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB starts Pan-United at 'add'; SAC Capital sees 'brightening outlook' with higher TP of 53 cents

As at 3.23pm, shares in Pan-United are trading 3 cents higher or 7.79% up at 41.5 cents.
Maybank Securities starts Grab Holdings at 'buy' with TP of US$4.32 - THE EDGE SINGAPORE

Broker's Calls

Maybank Securities starts Grab Holdings at 'buy' with TP of US$4.32

According to analyst Lai Gene Lih, Grab’s risk-reward is deemed “attractive” in the next 24 months as it strives for profitability

Broker's Calls

DBS starts The Hour Glass at 'buy' on the back of anticipated record FY2022 earnings

The brokerage has pegged a target price of $2.62, which offers a potential upside of 30%.
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