initiation coverage

KGI starts LHN at 'outperform', target price of 49 cents - THE EDGE SINGAPORE

Broker's Calls

KGI starts LHN at 'outperform', target price of 49 cents

LHN's four new residential properties are expected to provide "solid revenue contribution" in FY22.
DBS initiates coverage on PropNex with 'hold', target price of $1.83 - THE EDGE SINGAPORE

Broker's Calls

DBS initiates coverage on PropNex with 'hold', target price of $1.83

DBS says its rating is premised on the stock's "rich valuation" in the face of possible property cooling measures.
Maybank Kim Eng initiates 'buy' on Sea with target price of US$378 - THE EDGE SINGAPORE

Broker's Calls

Maybank Kim Eng initiates 'buy' on Sea with target price of US$378

Maybank Kim Eng sees Sea as one of the best proxies to ride the Asean digitisation theme.
DBS initiates 'buy' on Elite Commercial REIT with TP of 80 pence - THE EDGE SINGAPORE

Broker's Calls

DBS initiates 'buy' on Elite Commercial REIT with TP of 80 pence

DBS views the REIT's portfolio provides strong income visibility given its full occupancy and long WALE.

Broker's Calls

KGI initiates coverage on iREIT Global with 'outperform', target price of 69 cents

KGI sees iREIT Global geared towards a broad-based European recovery.

Broker's Calls

DBS initiates coverage on Aztech with 'buy' rating, TP of $1.85

DBS believes Aztech is in a "sweet spot" to ride on the fast-expanding IoT market.
UOB Kay Hian initiates 'buy' on Dairy Farm, TP of US$5.19 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian initiates 'buy' on Dairy Farm, TP of US$5.19

UOB Kay Hian's target price of US$5.19 is pegged to its five-year average P/E of 22 times.
mm2 Asia logo

Broker's Calls

mm2 Asia started at ‘add’ by CIMB with 70cents target

SINGAPORE (May 10): CIMB Research is initiating coverage of film/TV production company mm2 Asia with an “add” recommendation and target price of 70 cents, saying the company is poised to ride the rise of China’s film business.
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