initiate coverage

Broker's Calls

DBS initiates 'fully valued' on Sarine Technologies with TP of 45 cents

Analyst Sachin Mittal says the company's exceptional FY2021 results are unlikely to be sustained going forward.

Broker's Calls

SAC Capital starts First REIT at 'hold' with TP of 32 cents

Units in First REIT closed 0.5 cent lower or 1.64% down at 30 cents on Feb 24.

Broker's Calls

DBS starts Daiwa House Logistics Trust at 'buy' with TP of 95 cents

DHLT's 14 properties have a total NLA of 420,920 sqm, with a total appraised value of $979.0 million as at June 30, 2021.

Broker's Calls

DBS starts Digital Core REIT at 'buy' with TP of US$1.40

Key risks to the REIT would be a “slower-than-anticipated acquisition growth and a spike in borrowing costs”.
Hyphens Pharma's growth mindset catches the eye of CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Hyphens Pharma's growth mindset catches the eye of CGS-CIMB

CGS-CIMB is initiating coverage on Hyphens Pharma with an ‘add’ call and target price of 36 cents.

Broker's Calls

DBS starts Grab Holdings at 'buy' with TP of US$9

DBS Group Research also given Grab a bear target price of US$6, in the event of rising competition and macro weakness.
SAC Capital initiates coverage on Marco Polo Marine with 'buy' call at 3.2 cent price target - THE EDGE SINGAPORE

Broker's Calls

SAC Capital initiates coverage on Marco Polo Marine with 'buy' call at 3.2 cent price target

The 3.2 cent target is pegged to 8.0x FY2022 EV/EBITDA
Tellimer starts Grab at 'buy' with TP of US$13 - THE EDGE SINGAPORE

Broker's Calls

Tellimer starts Grab at 'buy' with TP of US$13

Grab’s “super app” status has not been fully valued by the market, says Tellimer.
UOB Kay Hian starts Trans-China Automotive Holdings at 'buy' with TP of 39 cents - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian starts Trans-China Automotive Holdings at 'buy' with TP of 39 cents

The group launched its initial public offering (IPO) on the Catalist board on Nov 1.
KGI initiates 'outperform' on OxPay Financial with TP of 42 cents - THE EDGE SINGAPORE

Broker's Calls

KGI initiates 'outperform' on OxPay Financial with TP of 42 cents

The target price is based on 25.0 times to OxPay’s FY2022 earnings per share (EPS) of 1.7 cents.
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