re-initiate coverage

Maybank re-initiates Sea at ‘buy’ with TP of US$90 - THE EDGE SINGAPORE

Broker's Calls

Maybank re-initiates Sea at ‘buy’ with TP of US$90

Shares in Sea closed 50 US cents higher or 0.67% up at US$74.92 on June 17.
UOB Kay Hian re-initiates ‘buy’ on Manulife US REIT with TP of 47 US cents - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian re-initiates ‘buy’ on Manulife US REIT with TP of 47 US cents

The "buy" call came as analyst Jonathan Koh sees the negatives as largely priced in within the REIT’s unit price

Broker's Calls

PhillipCapital re-initiates 'reduce' on SIA with TP of $6.80

Analyst Peggy Mak’s target price is based on an FY2024 book value per share of 1.1x.

Broker's Calls

DBS re-initiates 'buy' on ThaiBev, calling it one of the 'most valuable' large-cap Asean F&B counters

“We project [ThaiBev’s] upcoming 2HFY2022/FY2022 net profit to show [around] 4%/9% y-o-y growth," says DBS's Andy Sim.
UOB Kay Hian re-initiates 'buy' on ST Engineering with TP of $4.60 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian re-initiates 'buy' on ST Engineering with TP of $4.60

UOB Kay Hian analyst Roy Chen is positive on the counter’s prospects, as he sees it being a “fine balance” of defence and growth.
PhillipCapital re-initiates 'buy' on CDL with TP of $9.19; RHB keeps TP of $8.50 - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital re-initiates 'buy' on CDL with TP of $9.19; RHB keeps TP of $8.50

The analysts see several upsides to CDL, including its strong development pipeline that could catch Singapore’s property upcycle.
'Buy' Frasers Logistics & Commercial Trust for e-commerce growth and low valuation: analysts - THE EDGE SINGAPORE

Broker's Calls

'Buy' Frasers Logistics & Commercial Trust for e-commerce growth and low valuation: analysts

As at 2.20pm, units in FLCT are trading 1 cent higher or 0.7% up at $1.39 or 1.3 times P/NAV according to DBS’s estimates.
DBS re-initiates coverage on Cromwell European REIT at 'buy' on emerging EU logistics play - THE EDGE SINGAPORE

Broker's Calls

DBS re-initiates coverage on Cromwell European REIT at 'buy' on emerging EU logistics play

The analysts have given a target price of 60 Euro cents as they view the REIT as a play for the fast-growing logistics sector.

Broker's Calls

China Sunsine poised to ride market consolidation, says KGI

SINGAPORE (Oct 16): China Sunsine Chemical Holdings, the largest rubber chemical producer in China, is set to benefit from long-term market consolidation, according to KGI Securities Research.

Broker's Calls

DBS re-initiates coverage on Silverlake Axis as it rides on fintech wave

SINGAPORE (Jan 4): DBS Group Research is re-initiating its coverage on Silverlake Axis with a “buy” call and a target price of 60 cents.
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