CGS International

Centurion has eight workers’ dormitories in Malaysia with 66% of them located in Johor.

Here's what the analysts have to say this week.

This comes following Frencken’s business update for 3QFY2024, ended Sept 30, on Nov 19.

CGS International analysts Lim Siew Khee and Meghana Kande says Seatrium remains its "top pick" as they see the group posting a "strong turnaround" in 2HFY2024.

“We think the recent share price weakness is a buying opportunity as Mermaid Maritime continues to benefit from the tight vessel supply environment," say CGSI analysts Meghana Kande and Lim Siew Khee.

Potential ramp-up in industry capacity in FY2025 could be an impediment to the company's margin expansion.

Analyst Tay Wee Kuang has retained his “add” call on the company as he sees potential for higher contributions from new products within its portfolio

CGSI has kept its target price unchanged at $7.32 while Maybank Securities has maintained its target price at $6.

The analysts see an improved outlook for Shopee amid stabilisation of the Asean e-commerce competitive landscape.

DBS has maintained its target price on Delfi at 80 cents, while trimming FY2024 and FY2025 earnings estimates by 11% and 16% respectively on lower margin assumptions.