KGI

Rex’s strong balance sheet, free cash flow generation and access to capital differentiates it from many other E&P companies

KGI points out that coal will still be the primary supply of power for Asia over the next decade.

KGI Securities has issued an unrated report on AA REIT following its 1Q21 results on July 23.

KGI has upgraded UMS Holdings, which provides equipment and manufacturing services for the semiconductor industry, to ‘neutral’, with a new target price of 89 cents from 74 cents previously.

“We acknowledge the challenges facing retail [Real Estate Investment Trusts] REITs like FCT in 2020. Investors should however look beyond the current weakness and identify positive trends shaping the future of physical retail malls,” says Joel Ng of KGI.

SINGAPORE (Sept 11): KGI is initiating a “buy” rating on Geo Energy Resources (GEO), the coal mining company, with a fair value price of 36 cents.

SINGAPORE (Aug 30): KGI likes property developer First Sponsor Group for having almost sold all the apartments in its China condo project as well as its acquisition of a Dutch hotel chain.

SINGAPORE (July 17): KGI says it is unlikely OKP will be absolved of any blame for the collapse of the uncompleted viaduct near Pan-Island Expressway in last Friday.

SINGAPORE (Nov 17): KGI is maintaining its “buy” recommendation on Global Testing Corporation, after the group’s earnings of US$3.2 million ($4.5 million) year to date achieved 78% of KGI’s full year forecasts.