upgrade

SINGAPORE (May 2): Phillip Capital is upgrading its call on Micro-Mechanics Holdings to “buy” from “accumulate”, albeit with a lower target price of $2.30 compared to $2.50 previously after trimming its earnings forecast by 10% for FY18E.

SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-20 estimates and target P/E from 19 to 21 times.

SINGAPORE (Mar 28): OCBC Investment Research is upgrading its call on CapitaLand Retail China Trust (CRCT) to “buy” from “hold” previously with an unchanged fair value of $1.66, which represents a total expected return of 14% including dividend yi

SINGAPORE (Feb 28): Phillip Capital is upgrading its call on CNMC Goldmine Holdings to “accumulate” with an unchanged target price of 30 cents ahead of a potential turnaround this year.

SINGAPORE (Feb 14): OCBC is upgrading its call on ComfortDelGro (CDG) while increasing its fair value to $2.25 from $2.12 previously after rolling forward its valuations, on the belief that CDG’s alliance with Uber, if approved, will help to stabilise t

SINGAPORE (Feb 6): OCBC Investment Research is upgrading its call on Hutchison Port Holdings Trust (HPHT) to “buy” from "hold" with a slightly higher fair value of 43 US cents (57 cents) compared to 42 US cents previously.

SINGAPORE (Feb 5): OCBC Investment Research and DBS are upgrading their calls on SIA Engineering Company (SIAEC) to “buy” from “hold” previously with a higher fair value and target price of $3.70 and $3.86, respectively.

SINGAPORE (Jan 25): DBS Vickers Securities is reiterating its “buy” call on Suntec REIT with an unchanged target price of $2.30 after its manager on Wednesday posted a 4Q distribution per unit (DPU) of 2.604 cents, in line with expectations.

SINGAPORE (Jan 22): RHB and Phillip Capital have upgraded their calls on Cache Logistics Trust (CacheLog) to “buy” and “accumulate” from “neutral”, with higher target prices of 96 cents and 92 cents, respectively.

SINGAPORE (Jan 3): OCBC Investment Research has upgraded its call on Sembcorp Marine (SMM) to “hold” from “sell” previously with a higher fair value estimate of $1.78 from $1.74 previously.