add call

CGS-CIMB recommends “add” call for Centurion Corporation at a target price of 58 cents.

Despite the decreases in Yangzijiang’s topline figures for 2QFY2020, market watchers are confident this is a stumble, and the group remains poised to navigate through the rough waters.

CGS-CIMB analyst Eing Kar Mei opines that CMT remains well positioned to “sail through the tough times and emerge stronger later”, similar to how it pulled through the 2003 SARS outbreak with minimal impact.

In light of the circuit breaker, Lim has identified some “clear cut” names that will remain resilient. These include Sheng Siong Group, Venture Corp and Singtel.

In a Wednesday report, analyst Ngoh Yi Sin opines that SGX is one of the few beneficiaries of market volatility, and appears to be a defensive play amid macro concerns.

SINGAPORE (July 29): Frasers Centrepoint Trust (FCT) delivered a strong set of results in 3Q19, despite seeing a dip in DPU due to an enlarged unit base.

SINGAPORE (July 1): CGS-CIMB Research is maintaining ISDN Holdings at “add” with a target price of $0.32 on the back of the company’s core business strength of providing value-added motion control solutions and strong partnerships.

SINGAPORE (June 26): CGS-CIMB Securities is reiterating its “add” recommendation on Memtech International with a target price of $1.47.