utilities

SINGAPORE (May 9): Phillip Capital is upgrading its call on Sembcorp Industries to “buy” with a lower target price of $3.83 compared to $3.86 previously due to the higher expected return from the counter’s last closing price of $3.06.

SINGAPORE (Mar 2): Phillip Capital is maintaining “buy” on China Everbright Water after the group’s FY17 revenue exceeded its forecasts by 12%, while PATMI came in line with estimates.

SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million

SINGAPORE (Aug 4): RHB is maintaining its “neutral” rating on Sembcorp Industries with an unchanged $3.20 price target after the group on Thursday posted a 36% decline in 2Q earnings to $55.3 million.

SINGAPORE (Aug 3): Sembcorp Industries posted earnings of $55.3 million for the 2Q ended June, down 36.1% from $86.5 million a year ago despite achieving higher turnover.

SINGAPORE (July 17):  The trustee-manager of Keppel Infrastructure Trust (KIT) has declared a distribution per unit (DPU) of 0.93 cent for the second quarter ended June, bringing total DPU to 1.86 cents for 1H17.

SINGAPORE (April 17): As global markets enter into a consolidation phase, Bank of Singapore (BoS) is advising investors to brace themselves for higher volatility by seeking shelter in “dividend growers” – quality companies with strong balance sheets

SINGAPORE (March 14): Bank of Singapore (BoS) is maintaining its moderately defensive asset allocation stance with a preference for credit over equity, as a Fed hike in March is “all but certain” with two more hikes forecast to occur by end-2017.

SINGAPORE (Feb 8): Water costs are likely to see a hike this year after 17 years of constant pricing, said Singapore’s Minister for the Environment and Water Resources, Masagos Zulkifli, during a visit to Tuas Desalination Plant 3 on Tuesday.

SINGAPORE (Jan 12): RHB is keeping its “buy” call on Keppel Corp with a target price of $6.52 on the basis that its property and infrastructure arms, Keppel Land and Keppel Infrastructure, will continue to support the group’s earnings.