September 05, 2022
Top 10 Healthcare Public Relations Agencies in 2022
When we talk about the top healthcare PR agencies, we consider spreading awareness about a brand […]
What happened in markets this week, and what are analysts talking about?
•RHB; Initiate with BUY and TP S$0.041 The house believes that Marco Polo Marine’s diversification into servicing the renewable energy sector will bear fruit in the next 1-2 years. In the meantime, the oil & gas sector remains a major source of income with earnings expected to rebound in the next 2-3 years. Stock price is also currently trading below its greatly impaired NAV and white knights’ and creditor’s entry price of S$0.032-0.033.
• CIMB; Maintain Add and raise TP to S$2.19. The House deemed SPH as an integrated real estate owner with a quality portfolio worth at least S$6.7b with S$1.2b non-core assets for recycling, and is trading at an attractive P/B of 0.8x vs peers 2.5x
•DBS: The house sees a 15-20% permanent decline in corporate travel requirements in the future, with airlines and airport hubs that built their business around corporate travel to be the laggards coming out of COVID-19. Less positive on Cathay Pacific and Beijing Capital Airport
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