Phillip Capital

SINGAPORE (Jan 4): Phillip Capital is maintaining its Straits Times Index (STI) target of 3,400 in Oct 2019 – which pegs the market at 13.5 times, or around its ten-year average valuation – as the research house advocates a lower-beta equity portfolio

SINGAPORE (Dec 3): Phillip Capital is ceasing coverage on Nam Lee Pressed Metal Industries due to a “re-allocation of internal resources”.

SINGAPORE (Nov 22): Despite a change of analyst, Phillip Capital is maintaining CapitaLand at “accumulate” with a lower target price of $4 compared to $4.19 previously, translating to a FY18E P/NAV ratio of 0.72 times.

SINGAPORE (Nov 19): Phillip Capital and CGS-CIMB Research are maintaining their “buy” and “add” calls on Healthcare Management International (HMI) with the respective target prices of 77 cents and 73 cents.

SINGAPORE (July 20): DBS Vickers Securities and Phillip Capital are maintaining “buy” and “accumulate” calls on SIA Engineering (SIA EC) with the respective target prices of $3.92 and $3.56.

SINGAPORE (May 31): UOB Kay Hian, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on SATS post the gateway services and food solutions provider’s release of its 4Q18 results, which declined from a year ago due to lower

SINGAPORE (May 17): Analysts believe SIA Engineering Company (SIAEC) could overcome near-term challenges and has positioned itself for longer-term growth.

SINGAPORE (May 17): Phillip Capital has upgraded CNMC Goldmine Holdings to “buy” with a higher target price of 42 cents on expectations of a strong rebound for its production and earnings this year.

SINGAPORE (May 16): Phillip Capital is keeping its “neutral” rating on Q&M Dental Group with an unchanged target price of 63 cents, despite the group reporting a set of “encouraging results” in 1Q18.

SINGAPORE (May 15): Analysts believe the worst might be over for ComfortDelGro Corporation, on the back of its recent acquisitions and improving outlook for its taxi segment.