PhillipCapital

Broker's Calls

Silverlake Axis boasts robust pipeline

Silverlake Axis 1QFY2024 earnings of RM48.9 million ($14.4 million) are its highest when compared to the three previous quarters.
Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62 - THE EDGE SINGAPORE

Broker's Calls

Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62

Sea is gaining market share against competitors, but has come at a cost of profitability.

SPACs

PhillipCapital recommends VTAC’s shareholders vote in favour of 17LIVE acquisition

The team adds that VTAC’s shareholders should fully redeem their shares at the redemption price range of $5 to $5.02 per share.

Broker's Calls

Brokers’ Digest: StarHub, Nanofilm, ST Engineering, FHT, Sats

See what the analysts have to say this week.

Broker's Calls

UOB Kay Hian upgrades Valuetronics to ‘buy’ with TP of 72 cents; PhillipCapital ups TP to 70 cents

Valuetronics has reported earnings of HK$82.1 million ($14.3 million) for the 1HFY2024 ended Sept 30, 42% higher y-o-y.

Broker's Calls

Analysts keep their 'reduce' and 'sell' calls on SIA despite record quarterly performance

SIA's 1HFY2024 net profit came in at $1.44 billion, a 55.5% improvement y-o-y.

Broker's Calls

Analysts keep 'buy', 'add' and 'accumulate' calls on Sembcorp after $14 bil renewable energy solution plan announced

Sembcorp will fund these initiatives without equity fundraising, but analysts believe in its strong operating cash flow.

Broker's Calls

PhillipCapital and RHB analysts lower TP for Prime US REIT, but keep 'buy' calls

PhillipCapital has lowered its target price for Prime US REIT to US 37 cents, while RHB has lowered to 35 US cents.

Funds

Phillip Capital Management launches ESG-focused short duration bond fund

The fund’s manager will apply a ‘Sustainable Investing Approach’ supported by a proprietary ESG-integrated investment framework
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