SINGAPORE (July 15): United Global may be the newest distributor and trader of lubricants to list on the SGX but KGI Fraser Securities has another recommendation for investors.

(See

United Global just had its IPO, but is AP Oil a better buy?

SINGAPORE (July 15): CIMB is maintaining its add recommendation for China Everbright Water (CEWL) with a target price of 81 cents, as the group wins a second wastewater treatment plant project in Shandong Province.

To recap, CEWL recently announced its acquisition of Ju County Shudong w...

China Everbright Water’s new wins sign of more to come?

SINGAPORE (July 15): CIMB Research is maintaining its “add” call on First REIT with a higher target price of $1.38 from $1.33 previously, after its 2Q16 results came in line with the research house’s expectations.

(See

First REIT reaps rewards of new acquisitions

SINGAPORE (July 14): OCBC has maintained its “hold” call for Hutchison Port Holdings Trust (HPHT), with a fair value of 43 US cents. This comes on the back of a decline in its Hong Kong Port Container Throughput volume and a lack of clarity regarding the implications of Brexit, according to a rep...

Hutchison Port not so smooth sailing

SINGAPORE (July 14): Daiwa is sticking to its “sell” call for Super Group, with a target price of 64 cents on the back of intense competition in its core market of Myanmar  and potential margin pressure arising from higher input costs and marketing expenditure.

Myanmar is the compa...

Super Group not so super in the near term

SINGAPORE (July 13): UOB Kay Hian has raised its target price for IHH Healthcare from $2.09 to $2.31 as the company is set to open three more hospital projects, but maintained a “hold” recommendation given the stock’s lofty valuations.

IHH had announced in June plans to develop the 450-...

Lofty valuations mar IHH Healthcare’s new hospital openings

SINGAPORE (July 13): Maybank Kim Eng is maintaining its “neutral” call on the plantations sector, given weak demand for crude palm oil (CPO) from major importing companies have placed a dampener on prices.

To recap, CPO prices had rallied from a low of RM1,806 per tonne ($611 per tonne)...

Neutral from La Nina

SINGAPORE (July 13): OCBC Investment Research is maintaining its “hold” rating on crane and heavy equipment supplier Tat Hong Holdings, but has raised the stock’s fair value from 50 cents to 55 cents on the belief the group should command “a certain premium to its peers”.

In a Wednesday...

Uncertainty weighs on Tat Hong

SINGAPORE (July 12): City Developments Limited (CDL) has taken a beating since the Brexit vote. But a potential Profit Participation Securities (PPS) following its Nouvel 18 acquisition could give it a much-needed boost.

“CDL has underperformed the FSSTI Index by 7.7% since the Brexit v...

Underperforming CityDev could get a boost

SINGAPORE (July 12): KGI Fraser Securities has maintained its “buy” call for Triyards Holdings, while revising downwards its target price from 55 cents to 52 cents.

This comes as Triyards announced 3Q16 results that KGI describes as “below expectations”.

Net income registered ...

Bumpy ride ahead for Triyards

SINGAPORE (July 12): Religare says it continues to favour S-REITs over developers and residential plays, given the relatively stable Singapore dollar and an “attractive yield spread” of c.455 bps compared to the historical yield spread of 350-380 bps.

According to a recent SGX My Gatewa...

S-REITs on a roll

SINGAPORE (July 12): OCBC has cut Singapore Telecommunications to a “hold” recommendation from a “buy” as its shares have surged 11.8% since the Brexit vote last month.

SingTel is widely considered a safer bet during economic turbulence as its core business is largely protected from bus...

Safe bet SingTel gets a downgrade

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

Paytm appoints new executives as COO resigns

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

Treasure of Borneo