August 02, 2022
How To Hire A PR Agency?
If you are trying to make a long-lasting impression in the market, consider PR a crucial […]
What happened in markets this week, and what are analysts talking about?
•Phillip Capital; Maintain Neutral with lower TP S$10.78. The House maintained Neutral on the stock, reducing its FY22F earnings by 6.1% as the House factor in lower volumes for FTSE China A50 contracts, following HKEX’s move to launch MSCI China A50 Connect Index in Oct this year. FTSE China A50 Index Futures has the largest turnover of equity index futures for SGX, accounting for 57% of its total equity index futures, and contribute to 10% of overall revenue in FY21.
•KGI;Initiate at Outperform with TP S$0.64: The House likes Golden Energy with its roots as one of Indonesia’s largest coal miner, and having branch out into precious metals over the past 4 years. The House sees the company growing its production by 30% over the next 3 years and have a DCF based TP of S$0.64.
UOBKayhian; Initiate at BUY with TP US$1.10 The House initated the Company at BUY with TP US$1.10, as it sees the company benefitting from in-migration to Texas and Washington where there is no state level personal income tax. Keppel Pacific Oak US REIT offers an attractive yield of 8.6% for FY21.