Singapore Pre-Market Thursday: Sembcorp Marine, Venture, Noble
Singapore’s shares are set to start trade on Thursday with positive leads from Wall Street and regional shares. The Dow Jones Industrial Average ended Wednesday…
Malaysia
Top Glove rated at Outperform by Credit Suisse on attractive valuation
Credit Suisse restarted coverage of Top Glove at Outperform with a target price of 11.85 ringgit, pointing to attractive valuations. “The disruption in China’s glove…
Singapore Pre-Market Thursday: Noble, Courts Asia, CapitaLand Mall Trust
Singapore’s shares on Thursday got a middling lead from Wall Street, where markets were mixed. The Dow Jones Industrial Average slipped 0.16 percent, while the…
Sime Darby started at Buy by Nomura on earnings growth upcycle
Nomura started Sime Darby at Buy with a 3.45 ringgit target price, pointing to solid earnings prospects. “We like SD on its earnings upcycle prospects (2018F-2020F…
Malaysia crude palm oil inventories set to fall further: DBS
Malaysia’s crude palm oil (CPO) stockpile fell to a five-month low in March and it’s set to fall further ahead, DBS said in a note…
World’s largest maker of condoms Karex still too expensive: Affin Hwang
Shares of the world’s largest maker of condoms Karex are still trading at a demanding valuation despite the recent selloff, Affin Hwang Capital said. “Although…
This is the best plantation play on any US-China trade war hit to soybeans: Deutsche Bank
If China proceeds with proposed tariffs on imports of U.S. soybeans, that could push up crude palm oil (CPO) prices, but traders shouldn’t get too…
These Southeast Asian sectors could benefit if Trump proceeds with a trade war
Southeast Asia’s exporters, particularly Malaysia, Singapore and Thailand, are “well placed” to benefit if the Trump administration proceeds with a trade war, CGS-CIMB said in…
Why the rout in US tech stocks bodes ill for Asian tech plays
The rout in U.S. tech stocks may have been on idiosyncratic factors, but it will still take a swing at their Asian counterparts, Societe General…
DBS: Malaysian market weakness is a buying opportunity, but stay cautious
Malaysia’s broader market sentiment has remained weak, and that offers a chance to buy, DBS said, but it advised caution and patience. Malaysia’s blue chips…
AirAsia X upgraded, target hiked by CIMB
CIMB upgraded AirAsia X shares to Hold from Reduce after 2017 core net profit beat its expectations. The carrier’s 2017 core net profit of 139…
Sime Darby downgraded to Reduce, target cut by CIMB
CIMB downgraded Sime Darby to Reduce from Add after resuming coverage of the stock post-demerger. ”We think the market has priced in the improving prospects…