KGI Securities

KGI Securities views Jiutian Chemical Group as an “excellent short term trading opportunity” after it reported a RMB32.6 million ($6.4 million) profit in 2Q20, a turnaround from the RMB 7 million loss in 2Q19.

UnUsUal sees a quiet first half to 2020 as concerts were cancelled, but KGI Securities is optimistic that concerts will resume by year-end.

KGI Securities has maintained an “outperform” rating on China Sunsine, but with a lower target price of 47 cents from 60 cents previously due to weak 1H20 profits.

With semiconductor equipment manufacturing slated to expand in Asia, manufacturing company UMS Holdings is poised to capture strong mounting momentum in the coming quarter.

As Chinese consumers are hunting for bargains at Sasseur REIT, analysts are recommending investors to snap up the stock.

KGI Securities analyst Joel Ng, on the other hand, has downgraded the stock to “neutral” due to the company’s strong 1H20 results being already priced in its current valuations.

KGI Securities has initiated coverage on ISDN holdings with an “outperform” recommendation and a target price of 42 cents. This is due to strong growth in the robotics industry and a surprise profit announcement

Chinese real estate developer Yanlord Land Group Limited is “red hot”, and if its pre-sale figures are anything to go by, the company is on its way to exceeding a RMB 70 billion ($13.92 billion) sales target, says KGI Securities.

“The markets hate uncertainty, and until a medication or vaccine is developed to fight the coronavirus outbreak, Covid-19 will be an overhang on the economy,” says the KGI team. “In a nutshell, we are taking a firm view to buy in April and not look back."

According to KGI analyst Chen Guangzhi, Asian markets could well enter a recession earlier than developed countries as investors shy away from emerging markets.