initiate coverage

Broker's Calls

PhillipCapital initiates ‘buy’ call on Pacific Radiance with TP of 6 cents

Analyst Paul Chew expects its earnings to jump in FY2025 from several factors including US$40 million worth of charter contracts.

Broker's Calls

Maybank initiates ‘buy’ on OUE REIT, calling REIT ‘too cheap to ignore’

Analyst Krishna Guha has initiated a target price of 30 cents and forecasted a DPU of 2 cents for FY2024.

Broker's Calls

UOBKH starts coverage on Pan-United with ‘buy’ call and TP of 71 cents

Analysts Llelleythan Tan and Heido Mo see Pan-United as a “strong proxy” to Singapore’s growing construction demand.

Broker's Calls

PhillipCapital initiates ‘buy’ on Oiltek International with TP of 70 cents

Analyst Paul Chew likes Oiltek's 'enviable' business, which has a 31% ROE, an asset-light model and strong net cash position.
OCBC initiates ‘buy’ on Frencken with fair value of $1.74 - THE EDGE SINGAPORE

Broker's Calls

OCBC initiates ‘buy’ on Frencken with fair value of $1.74

OCBC analyst Donovan Tan notes that Frencken seems likely to ride on the semicon industry’s upcycle.

Broker's Calls

SAC Capital initiates ‘buy’ on Soilbuild Construction after ‘remarkable recovery’ in 2HFY2023

The target price of 4 cents represents an upside of about 26.4%.

Broker's Calls

Maybank initiates ‘buy’ on Marco Polo Marine with TP of 8.8 cents

At its current share price levels, Marco Polo Marine, which is trading at 6.9 times FY2024 P/E, is "significantly undervalued".
Lim & Tan initiates ‘buy’ on CAO with TP of $1.20 - THE EDGE SINGAPORE

Broker's Calls

Lim & Tan initiates ‘buy’ on CAO with TP of $1.20

“CAO now stands as a beneficiary of rising international air traffic and jet fuel demand in China," say the Lim & Tan analysts.
UOB Kay Hian initiates ‘buy’ on Keppel DC REIT with TP of $2.10 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian initiates ‘buy’ on Keppel DC REIT with TP of $2.10

The analysts see more potential from the REIT as AI becomes more deeply integrated into our daily lives.

Broker's Calls

RHB initiates ‘buy’ on Delfi, calling it a ‘strong Indonesia consumer play’

Delfi may be a potential takeover target due to its market leadership and full market coverage in Indonesia: RHB.
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