💡 <Analyst Spotlight for 18 March 2021>
➡️ Company update on Ascendas India Trust (CY6U): A tiger with wings! (DBS Research)
1. A myriad of robust growth opportunities for the Trust emerging in the coming quarters, starting from an expected expansion industrial and data-centers space.
2. The Manager has alluded to the possibility of an investment in the datacenter space, which will add a third asset class within its portfolio of future ready real estate assets.
3. Maintain BUY call on Ascendas India Trust (AIT) with TP unchanged at S$1.85, implying 1.25x P/adjusted NAV.
https://bit.ly/3eNEH2M
➡️ Company initiation on Q&M Dental Group (QC7): A reason to smile (CGS-CIMB)
1. Ramping up market share in dental franchise, lucrative margins.
2. The key catalyst is net profit growth from its new Covid-19 diagnostic testing segment which could contribute c.38% of its core net profits in FY21-22F.
3. Initiate coverage with an Add rating and TP of S$0.92, based on 20xFY22F P/E.
https://bit.ly/3qX1sns
➡️ Company update on CSE Global (544): The next big thing (KGI Securities)
1. As CSE transitions into infrastructure/M&M projects, the Oil & Gas industry still makes up more than half of revenues in the last two years.
2. Having Heliconia Capital Management, a unit of Temasek Holdings, as the new major shareholder of CSE, strengthens the case for more infrastructure-related projects in Singapore.
3. Upgrade CSE to Outperform and raise TP to S$0.61, based on 12x FY2021F P/E.
https://bit.ly/3qXBZKu
🗂 For more broker research reports: https://bit.ly/318TlLk
➡️ Company update on Ascendas India Trust (CY6U): A tiger with wings! (DBS Research)
1. A myriad of robust growth opportunities for the Trust emerging in the coming quarters, starting from an expected expansion industrial and data-centers space.
2. The Manager has alluded to the possibility of an investment in the datacenter space, which will add a third asset class within its portfolio of future ready real estate assets.
3. Maintain BUY call on Ascendas India Trust (AIT) with TP unchanged at S$1.85, implying 1.25x P/adjusted NAV.
https://bit.ly/3eNEH2M
➡️ Company initiation on Q&M Dental Group (QC7): A reason to smile (CGS-CIMB)
1. Ramping up market share in dental franchise, lucrative margins.
2. The key catalyst is net profit growth from its new Covid-19 diagnostic testing segment which could contribute c.38% of its core net profits in FY21-22F.
3. Initiate coverage with an Add rating and TP of S$0.92, based on 20xFY22F P/E.
https://bit.ly/3qX1sns
➡️ Company update on CSE Global (544): The next big thing (KGI Securities)
1. As CSE transitions into infrastructure/M&M projects, the Oil & Gas industry still makes up more than half of revenues in the last two years.
2. Having Heliconia Capital Management, a unit of Temasek Holdings, as the new major shareholder of CSE, strengthens the case for more infrastructure-related projects in Singapore.
3. Upgrade CSE to Outperform and raise TP to S$0.61, based on 12x FY2021F P/E.
https://bit.ly/3qXBZKu
🗂 For more broker research reports: https://bit.ly/318TlLk
Singapore Technology Stocks Keep Pace with Big Global Peers
🖥️ Since the end of 2019, global technology indices have gained 50%, with widespread increased demand for technology products and services, in addition to the widening field of technology application. Despite technology stocks recently outpacing broader benchmarks, on an earnings basis, and in terms of book value, valuations of the largest technology stocks have increased in-line with the world's biggest stocks, excluding technology plays.
Read full article: https://bit.ly/3bY4zHn
🔎 Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
🖥️ Since the end of 2019, global technology indices have gained 50%, with widespread increased demand for technology products and services, in addition to the widening field of technology application. Despite technology stocks recently outpacing broader benchmarks, on an earnings basis, and in terms of book value, valuations of the largest technology stocks have increased in-line with the world's biggest stocks, excluding technology plays.
Read full article: https://bit.ly/3bY4zHn
🔎 Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
🎥 [Facebook Live] In the spotlight: Tuning In With SGX's Recent IPO - Aztech Global
Rescheduled Date/Time: 24 Mar (Wed, 12pm SGT). http://bit.ly/3cIxdNt
Dear Participants, Due to an unexpected scheduling conflict, this webinar has been rescheduled to Wednesday, 24 March 2021. We thank you for your understanding and apologise for any inconvenience that may have caused.
Aztech Global, a key technology enabler with a focus on providing one-stop design and manufacturing services, recently debuted on the SGX Mainboard.
Join us as we hear from the Management team of Aztech Global, Mr. Michael Mun, Executive Chairman and CEO, and Mr. Jeremy Mun, Executive Director and COO, as they share more about the Group's future plans and business outlook.
Do you have a question about the topic for the Speakers? Submit your question here: http://bit.ly/3vzckLE
Rescheduled Date/Time: 24 Mar (Wed, 12pm SGT). http://bit.ly/3cIxdNt
Dear Participants, Due to an unexpected scheduling conflict, this webinar has been rescheduled to Wednesday, 24 March 2021. We thank you for your understanding and apologise for any inconvenience that may have caused.
Aztech Global, a key technology enabler with a focus on providing one-stop design and manufacturing services, recently debuted on the SGX Mainboard.
Join us as we hear from the Management team of Aztech Global, Mr. Michael Mun, Executive Chairman and CEO, and Mr. Jeremy Mun, Executive Director and COO, as they share more about the Group's future plans and business outlook.
Do you have a question about the topic for the Speakers? Submit your question here: http://bit.ly/3vzckLE
SGX Research's kopi-C: GS Transforms as Nutritional Wellness Gains Ground
Recently, we spoke with Zhang Rongxuan, Chairman of Catalist-listed GS Holdings Ltd. Find out how the 55-year-old plans to develop the Group's branding, operation and procurement (BOP) services, as well as food, beverage and nutritional wellness divisions, to drive future revenue streams.
Read more at: http://bit.ly/3eRhjkY
🎥 [Facebook Live] In the spotlight: Tuning In With SGX's Recent IPO - Aztech Global
Rescheduled Date/Time: 24 Mar (Wed, 12pm SGT). http://bit.ly/3cIxdNt
Recently, we spoke with Zhang Rongxuan, Chairman of Catalist-listed GS Holdings Ltd. Find out how the 55-year-old plans to develop the Group's branding, operation and procurement (BOP) services, as well as food, beverage and nutritional wellness divisions, to drive future revenue streams.
Read more at: http://bit.ly/3eRhjkY
🎥 [Facebook Live] In the spotlight: Tuning In With SGX's Recent IPO - Aztech Global
Rescheduled Date/Time: 24 Mar (Wed, 12pm SGT). http://bit.ly/3cIxdNt
🎙️ Podcast: SGX Market Strategist, Geoff Howie joins MONEY FM 89.3 co-hosts JP Ong and Claressa Monteiro workday afternoon on ’Market View Wrap’ http://bit.ly/2NAUtmu to provide a summary of how the week has been in the market and what to expect in the coming week.
🗞 My Gateway Newsletter highlights of the week:
Singapore's current crop of 63 Mid-Cap stocks, with a market value between S$1 billion and S$5 billion, have averaged a 12% total return (6% median) in the 2021 year to 19 March, with APAC stocks of the same value averaging 8% total returns (3% median). Read more: http://bit.ly/3eZTtDL
📨 Subscribe to My Gateway Newsletter https://bit.ly/31mhbCr to receive weekly curation of market news and events.
Singapore's current crop of 63 Mid-Cap stocks, with a market value between S$1 billion and S$5 billion, have averaged a 12% total return (6% median) in the 2021 year to 19 March, with APAC stocks of the same value averaging 8% total returns (3% median). Read more: http://bit.ly/3eZTtDL
📨 Subscribe to My Gateway Newsletter https://bit.ly/31mhbCr to receive weekly curation of market news and events.
[The Business Times: Defensive and high yielding S-Reits]
- In Singapore, the average 12-months distribution yield of Singapore Reits and property trusts stands at 6.2 per cent, as of end February 2021.
- With Covid-19 developments and economic recovery as overarching global market drivers, S-Reits have averaged a 1.1 per cent total return in the first two months of 2021, and a 7.4 per cent decline over the past 12 months.
- Within this group, the top three 2021 performers are ARA Logos Logistics Trust, Sasseur Reit and EC World Reit. Together, they boast an average distribution yield of 7.4 per cent.
Read more: https://bit.ly/3c9z5Ou
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
- In Singapore, the average 12-months distribution yield of Singapore Reits and property trusts stands at 6.2 per cent, as of end February 2021.
- With Covid-19 developments and economic recovery as overarching global market drivers, S-Reits have averaged a 1.1 per cent total return in the first two months of 2021, and a 7.4 per cent decline over the past 12 months.
- Within this group, the top three 2021 performers are ARA Logos Logistics Trust, Sasseur Reit and EC World Reit. Together, they boast an average distribution yield of 7.4 per cent.
Read more: https://bit.ly/3c9z5Ou
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
SGX Research's 10 in 10 with Haw Par Corp (H02 | HPAR SP)
🏃🐯🐆🌇
Haw Par Corp is a Singapore-grown multinational group, with a consumer healthcare business from a brand it owns - Tiger Balm. Beyond the ointment, Haw Par has built up a strong balance sheet and cash position.
Read on to find out why it believes its Tiger Balm will continue to be a key business driver.
➡️ https://bit.ly/3faCEpt
📚Visit https://bit.ly/2SSDVW9 to understand what is the Straits Times Index (STI).
🏃🐯🐆🌇
Haw Par Corp is a Singapore-grown multinational group, with a consumer healthcare business from a brand it owns - Tiger Balm. Beyond the ointment, Haw Par has built up a strong balance sheet and cash position.
Read on to find out why it believes its Tiger Balm will continue to be a key business driver.
➡️ https://bit.ly/3faCEpt
📚Visit https://bit.ly/2SSDVW9 to understand what is the Straits Times Index (STI).
CapitaLand's Strategic Restructure to CapitaLand Investment Management
🏢 CapitaLand opened 21% higher on 23 March 2021 morning at S$3.99, following the announcement of a strategic restructure of the two distinct property sides of the business - listing the more capital efficient investment management business and privatising the more capital intensive development business.
Read full article: https://bit.ly/3sjI7hK
🔎 Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
🏢 CapitaLand opened 21% higher on 23 March 2021 morning at S$3.99, following the announcement of a strategic restructure of the two distinct property sides of the business - listing the more capital efficient investment management business and privatising the more capital intensive development business.
Read full article: https://bit.ly/3sjI7hK
🔎 Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
SGX Research's kopi-C: Marco Polo Marine Turns Tide, Steers into New Chapter
Recently, we spoke with Sean Lee, CEO of Mainboard-listed integrated marine logistics company Marco Polo Marine Ltd. Find out how the 44-year-old plans to tap the renewable energy sector for new revenue streams after the Group's recent debt restructuring and refinancing exercise.
Read more at: https://bit.ly/3flROIV
📊 Visit https://bit.ly/3escX1j to understand the 5 financial metrics you need to know when evaluating stocks.
Recently, we spoke with Sean Lee, CEO of Mainboard-listed integrated marine logistics company Marco Polo Marine Ltd. Find out how the 44-year-old plans to tap the renewable energy sector for new revenue streams after the Group's recent debt restructuring and refinancing exercise.
Read more at: https://bit.ly/3flROIV
📊 Visit https://bit.ly/3escX1j to understand the 5 financial metrics you need to know when evaluating stocks.
🎙️ Podcast: In 'Market View Wrap' for end of this week, Finance Presenter JP Ong and SGX Market Strategist, Geoff Howie, provide a summary of how the week has been in the market , with focus on the STI Index, SGX stocks, growth in Singapore's manufacturing output and CapitaLand's restructuring plans, plus what to expect in the coming week.
Tune in now: https://bit.ly/3dnDI7h
Tune in now: https://bit.ly/3dnDI7h
🗞 My Gateway Newsletter highlights of the week:
With three sessions remaining for the March 2021 Quarter, the STI has generated an 11.1% price gain, outpacing all the major world benchmarks, with the next best performers the S&P/Toronto Stock Exchange Composite Index (+10.8%) and the Taiwan Stock Exchange Weighted Index (+10.7%). Read more: https://bit.ly/3csEpwB
📨 Subscribe to My Gateway Newsletter https://bit.ly/31mhbCr to receive weekly curation of market news and events.
With three sessions remaining for the March 2021 Quarter, the STI has generated an 11.1% price gain, outpacing all the major world benchmarks, with the next best performers the S&P/Toronto Stock Exchange Composite Index (+10.8%) and the Taiwan Stock Exchange Weighted Index (+10.7%). Read more: https://bit.ly/3csEpwB
📨 Subscribe to My Gateway Newsletter https://bit.ly/31mhbCr to receive weekly curation of market news and events.
[The Business Times: Back-to-office crowd a godsend to S-Reits]
- As 75% of the office community return to the office, we can expect to see higher footfall and usage of existing office spaces, compared to the earlier phases of the circuit breaker.
- Listed on SGX are 6 S-Reits that have significant exposure to office properties in Singapore (defined by the combined value of the Reit's Singapore-based office assets as a percentage of its total portfolio value).
- By exposure to office assets in Singapore, the 6 S-Reits are: Keppel Reit (76.2% of total portfolio value), MCT (63.9%t), CICT (62.7%), OUE Com Reit (59.5%), Suntec Reit (55.1%), and FLCT (20.1%).
Read more: https://bit.ly/3wa7WD0
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
- As 75% of the office community return to the office, we can expect to see higher footfall and usage of existing office spaces, compared to the earlier phases of the circuit breaker.
- Listed on SGX are 6 S-Reits that have significant exposure to office properties in Singapore (defined by the combined value of the Reit's Singapore-based office assets as a percentage of its total portfolio value).
- By exposure to office assets in Singapore, the 6 S-Reits are: Keppel Reit (76.2% of total portfolio value), MCT (63.9%t), CICT (62.7%), OUE Com Reit (59.5%), Suntec Reit (55.1%), and FLCT (20.1%).
Read more: https://bit.ly/3wa7WD0
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
SGX Research's 10 in 10 with Elite Commercial Trust (MXNU|ELITE SP)
🏢🇬🇧
Elite Commercial REIT invests in commercial and real estate-related assets in the United Kingdom, with 99.0% of rental income coming from the AA-rated UK government.
Read on to find out more on the unique positioning of Elite Commercial REIT.
➡️ https://bit.ly/2OdWB3W
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
🏢🇬🇧
Elite Commercial REIT invests in commercial and real estate-related assets in the United Kingdom, with 99.0% of rental income coming from the AA-rated UK government.
Read on to find out more on the unique positioning of Elite Commercial REIT.
➡️ https://bit.ly/2OdWB3W
📚 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
💡Analyst Spotlight for 31 March 2021
⏺ Company Update on Hyphens Pharma (1J5) by SAC Capital: Growing regional presence
Proprietary brands were key revenue driver. Maintain BUY but at lower fair value of S$0.37 (from S$0.39). DCF-derived target price translates into a FY21E P/E of 18.3x.
https://bit.ly/31xnsuy
⏺ Company Update on ARA US Hospitality Trust (XZL) by DBS Research: Recovery within reach
Attractive dividend yield in excess of 10% once recovery takes hold. Maintain BUY with DCF-derived TP of US$0.69 is based on WACC of 7.62% and terminal growth rate of 2.25%.
https://bit.ly/3fuKJWb
⏺ Company Update on UMS Holdings (558) by KGI Securities: Market leader rallies the troops
Reported 4Q20 results with sales +9% YoY. Key customer continues raising guidance. Maintain OUTPERFORM with raised TP of S$1.43.
https://bit.ly/2PotKKL
🗂 For more broker research reports: https://bit.ly/318TlLk
⏺ Company Update on Hyphens Pharma (1J5) by SAC Capital: Growing regional presence
Proprietary brands were key revenue driver. Maintain BUY but at lower fair value of S$0.37 (from S$0.39). DCF-derived target price translates into a FY21E P/E of 18.3x.
https://bit.ly/31xnsuy
⏺ Company Update on ARA US Hospitality Trust (XZL) by DBS Research: Recovery within reach
Attractive dividend yield in excess of 10% once recovery takes hold. Maintain BUY with DCF-derived TP of US$0.69 is based on WACC of 7.62% and terminal growth rate of 2.25%.
https://bit.ly/3fuKJWb
⏺ Company Update on UMS Holdings (558) by KGI Securities: Market leader rallies the troops
Reported 4Q20 results with sales +9% YoY. Key customer continues raising guidance. Maintain OUTPERFORM with raised TP of S$1.43.
https://bit.ly/2PotKKL
🗂 For more broker research reports: https://bit.ly/318TlLk
SGX Research's kopi-C: Grand Venture Technology: Engineering Cutting-Edge Growth
Recently, we spoke with Julian Ng, CEO of Catalist-listed manufacturing solutions and services provider Grand Venture Technology Ltd (GVT). Find out how the 49-year-old intends to realise the Group's vision of building a home-grown brand in advanced manufacturing capabilities, serving the semiconductor, analytical life sciences, medical and industrial automation industries.
Read more at: https://bit.ly/3rGR3fZ
Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
Recently, we spoke with Julian Ng, CEO of Catalist-listed manufacturing solutions and services provider Grand Venture Technology Ltd (GVT). Find out how the 49-year-old intends to realise the Group's vision of building a home-grown brand in advanced manufacturing capabilities, serving the semiconductor, analytical life sciences, medical and industrial automation industries.
Read more at: https://bit.ly/3rGR3fZ
Learn more about investing and trading with curated series of Educational Videos at https://bit.ly/3dNupwV
[Partner's post] (Smartkarma Corporate Webinar): On 6 April, 5pm SGT, join us as iFAST (IFAST SP) Jean Paul Wong, Director of Corporate Communications and General Manager, FSMOne share a short company presentation and have a fireside chat with Smartkarma Insight Provider, Mio Kato, followed by a live Q&A session. Register here: https://bit.ly/3cEOl6f
Investors can now gain access into the China technology sector through a range of SGX listed products, including Daily Leveraged Certificates (DLC), Exchange Traded Funds (ETF) and Structured Warrants (SW).
Find out more about the different instruments that provide access to this sector and sign up for the webinar series, where product issuers and market analysts share on the key market opportunities and risks of investing into China technology sector. https://bit.ly/3sM7pFy
Find out more about the different instruments that provide access to this sector and sign up for the webinar series, where product issuers and market analysts share on the key market opportunities and risks of investing into China technology sector. https://bit.ly/3sM7pFy
[The Business Times: S-Reits seek out green and sustainability-linked loans]
Green loans are generally structured in the same way as standard loans except that proceeds from green loans are tracked and used for specific green projects which meet certain benchmarked criteria.
As many as 12 Singapore Reits and property trusts have secured new or refinanced their green and/or sustainability-linked loans since the start of 2020 to March 30, 2021.
Together, the 12 S-Reits obtained more than S$2 billion in loan amount, of which close to 54 per cent are in the form of green loans while the other 46 per cent are sustainability-linked loans.
Read more: https://bit.ly/3dxGg2t
🕹 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.
Green loans are generally structured in the same way as standard loans except that proceeds from green loans are tracked and used for specific green projects which meet certain benchmarked criteria.
As many as 12 Singapore Reits and property trusts have secured new or refinanced their green and/or sustainability-linked loans since the start of 2020 to March 30, 2021.
Together, the 12 S-Reits obtained more than S$2 billion in loan amount, of which close to 54 per cent are in the form of green loans while the other 46 per cent are sustainability-linked loans.
Read more: https://bit.ly/3dxGg2t
🕹 Visit https://bit.ly/3ktBLbK to understand what you need to know about investing in REITs.