Research Reports

Open an account with KGI Securities (Singapore) today to gain access to the latest research reports.

Lunch Presentation with Centurion Corporation Limited (CENT SP)
Centurion develops, owns and manages purpose-built worker accommodations in Singapore and Malaysia.
Lunch Presentation with Sasseur REIT (SASSR SP)
Sasseur REIT is the first outlet mall REIT to be listed in Asia.
Lunch Presentation with Sunpower Group Limited (SPWG SP)
Sunpower Group (5GD SP) is a China based company providing energy-saving solutions, waste heat recovery, and clean steam.
Lunch Presentation with Clearbridge Health Limited (CBH SP)
Clearbridge Health (CBH SP) is an integrated healthcare group with a focus on delivery of precision medicine.
Lunch Presentation with Kingsmen Creative
Established in 1976 and listed on the Mainboard of the Singapore Exchange since 2003, Kingsmen is a leading communication design and production group.
Lunch Presentation with EC World
ECworld REIT is a logistics and e-commerce REIT with a geographical focus in the People’s Republic of China (PRC), EC World has seven properties under its portfolio: six are in Hangzhou, while another – acquired on Apr 2018 – is located in Wuhan.
Lunch Presentation with Best World
Best World (BEST SP) specialises in the development and distribution of premium skincare products. Its flagship brand, DR’s Secret, is distributed across 13 regional centres, 29 lifestyle centres and 33 franchisees in Asia.
Lunch Presentation with Civmec
Civmec (CVL SP) is a Australian-based heavy engineering construction company with major contracts in the energy, minerals, infrastructure and defence sectors.

Open an account with KGI Securities (Singapore) today to gain access to the latest research reports.

KGI Morning Buzz - 18 June 2019
KGI Market Ideas / Market Strategy
KGI Morning Buzz - 11 June 2019
KGI Market Ideas: Spore Strategy / Dividend plays / China markets
KGI Morning Buzz - 4 June 2019
KGI Market Ideas / Accordia Golf Trust / Centurion Corporation
KGI Morning Buzz - 28 May 2019
KGI Market Ideas: Eagle Hospitality Trust / Tee International / Singapore Airlines
KGI Morning Buzz - 21 May 2019
KGI Market Ideas / ComfortDelgro Corp / CSE Global / Uni-Asia Grp
KGI Morning Buzz - 14 May 2019
KGI Market Ideas / Frencken Group / Thai Beverage PCL
KGI Morning Buzz - 7 May 2019
KGI Market Ideas: Sembcorp Marine / DBS Grp Hldgs / JB Foods / Sembcorp Marine
KGI Morning Buzz - 2 May 2019
KGI Market Ideas: Venture Corp, Procurri Corp, US markets, KGI Market Strategy / Keppel DC REIT / Manulife US REIT / Sheng Siong Group / INDON 3.75%
KGI Morning Buzz - 17 April 2019
KGI Market Ideas: Sembcorp Marine, Accordia Golf Trust, KGI Market Strategy / REIThinking Your Strategy / PHILIP 9.5%
KGI Morning Buzz - 9 April 2019
KGI Market Ideas / Accordia Golf Trust / Keppel DC REIT / Uni-Asia Group
KGI Morning Buzz - 2 April 2019
KGI Market Ideas / Sasseur REIT / CPDEV 3.875%
KGI Morning Buzz - 26 March 2019
KGI Market Ideas / Uni-Asia Grp / Geo Energy Resources / SUNOTG 3.75%
KGI Morning Buzz - 21 March 2019
KGI Market Ideas / CapitaLand Retail China Trust / Uni-Asia Group / CENCHI 6.25%
KGI Morning Buzz - 12 March 2019
KGI Market Ideas / China Sunsine Chemical Hldgs / Frencken Grp / Kingsmen Creatives / Raffles Medical Grp / Momo Inc / COGARD 4.75% / Tesla 5.3%
KGI Morning Buzz - 5 March 2019
KGI Market Ideas / Best World Int'l / CSE Global / Sim Leisure Grp / Sheng Siong Grp / LBBW 3.75%
KGI Morning Buzz - 26 February 2019
KGI Market Ideas / SingTel (ST SP), StarHub (STH), M1 (M1 SP) / REIThinking your strategy / DBS Grp Hldgs / Sembcorp Marine / STANLN 4.4%
KGI Morning Buzz - 19 February 2019
KGI Market Ideas / ANZ 3.75% / Accordia Golf Trust / ComfortDelGro Corp / DISA / Thai Beverage
KGI Morning Buzz - 12 February 2019
KGI Market Ideas / KGI REITs Watchlist / ABNANV 4.75% 04/01/26 / BPCE 4.5% 06/03/26 / Japan Foods Holding / JB Foods
KGI Morning Buzz - 29 January 2019
KGI Market Ideas / KGI Tactical Ideas – US Luxury Sector / KGI Monthly Observations / Singtel 3.4875% 04/08/20 / Keppel Corporation / Tuan Sing Holdings)
KGI Morning Buzz - 22 January 2019
KGI Market Ideas / REIThinking your strategy / CSE Global / SIASP 3.22% 07/09/20 / Sembcorp Marine
KGI Morning Buzz - 15 January 2019
KGI Market Ideas / S-REITs Outlook 2019 / Tactical Play / Accordia Golf Trust / CapitaLand 1.85% 06/19/20 / IFS Capital
KGI Morning Buzz - 18 December 2018
KGI Market Ideas / Market Strategy
KGI Morning Buzz - 11 December 2018
KGI Market Ideas / REITs portfolio / Thai Beverage PCL
KGI Morning Buzz - 4 December 2018
KGI Market Ideas / REITs portfolio / Market Strategy / Geo Energy Resources
KGI Morning Buzz - 27 November 2018
KGI Market Ideas / REITs portfolio / REITs Watchlist
KGI Morning Buzz - 20 November 2018
KGI Market Ideas / Thai Beverage / Sembcorp Marine / REITs portfolio / Accordia Golf Trust / Alliance Mineral Assets / CNMC Goldmine Hldgs
KGI Morning Buzz - 13 November 2018
KGI Market Ideas / Thai Beverage / ComfortDelGro / Japan Foods Holding / MindChamps
KGI Morning Buzz - 30 October 2018
KGI Market Ideas / Thai Beverage / ComfortDelGro / REITs portfolio / EC World REIT
KGI Morning Buzz - 23 October 2018
KGI Market Ideas / Thai Beverage / Sheng Siong / IFS Capital
KGI Morning Buzz - 16 October 2018
KGI Market Ideas / Thai Beverage / ComfortDelGro / REITs portfolio
KGI Morning Buzz - 9 October 2018
KGI Market Ideas / Thai Beverage / CSE Global
KGI Morning Buzz - 2 October 2018
KGI Market Ideas / Thai Beverage / Sheng Siong / Creative Technology / Keppel Corporation / StarHub
KGI Morning Buzz - 18 September 2018
KGI Market Ideas / Thai Beverage / Sheng Siong / SingTel / REITs Watchlist
KGI Morning Buzz - 4 September 2018
KGI Market Ideas / OCBC / DISA / Momo Inc / Frasers Centrepoint Trust
KGI Morning Buzz - 28 August 2018
KGI Market Ideas / KGI Global Strategy - US equities still have the best fundamentals / CSE Global
KGI Morning Buzz - 21 August 2018
KGI Market Ideas / MindChamps / Cityneon / Accordia Gulf Trust / Japan Foods Holding
KGI Morning Buzz - 14 August 2018
KGI Market Ideas / ComfortDelgro / Manulife US REIT / MindChamps Preschool
KGI Morning Buzz - 7 August 2018
KGI Market Ideas / Sembcorp Industries / NetLink NBN Trust
Morning Buzz - 31 July 2018
KGI Market Ideas / Sheng Siong / Accordia Golf Trust
Morning Buzz - 24 July 2018
KGI Market Ideas / Singtel / Raffles Medical Grp / Mapletree Industrial Trust
Morning Buzz - 17 July 2018
KGI Market Ideas / Singtel / ST Engrg / Frasers Centrepoint Trust
Morning Buzz - 10 July 2018
KGI Market Ideas / UOL GROUP / MOMO INC / S-REITS
Morning Buzz - 3 July 2018
KGI Market Ideas / CNMC / MOMO INC / CNMC Goldmine Holdings
Morning Buzz - 26 June 2018
KGI Market Ideas / Yangzijiang / ThaiBev / Venture Corp / Sembcorp Industries / Keppel Corp / Singtel / Spore Strategy / Disa / Xiaomi
Morning Buzz - 19 June 2018
KGI Market Ideas / MOMO Inc / APAC Realty
Morning Buzz - 12 June 2018
KGI Market Ideas / Japfa / TSMC / Addvalue Technologies / Momo Inc
Morning Buzz - 6 June 2018
KGI Market Ideas / Yangzijiang / Accordia Golf Trust / Geo Energy Resources / Sasseur REIT / Uni-Asia Group
Morning Buzz - 22 May 2018
KGI Market Ideas / Sembcorp Marine / Uni-Asia Group / BAIDU / REITs Watchlist / Cityneon Holdings / Japan Foods Holding
Morning Buzz - 15 May 2018
KGI Market Ideas / ComfortDelGro / Genting Singapore / Cityneon / ayondo / ComfortDelGro Corporation / MindChamps Preschool
Morning Buzz - 8 May 2018
KGI Market Ideas / KGI Marco View / Oil / Kep Corp / SembMarine / Mermaid Maritime / CSE Global
Morning Buzz - 8 May 2018
KGI Market Ideas / UOL GROUP / MOMO INC / S-REITS
Morning Buzz - 2 May 2018
KGI Market Ideas / DBS / Valuetronics / SPH REIT / ComfortDelGro Corporation / Ezion Holdings
Morning Buzz - 24 Apr 2018
KGI Market Ideas / Spore Strategy / Accordia Golf Trust / Keppel Corporaiton / Manulife US REIT
Morning Buzz - 17 Apr 2018
KGI Market Ideas / Manulife US REIT / Facebook / Sheng Siong
Morning Buzz - 11 Apr 2018
KGI Market Ideas / Sing Hldgs / Genting Spore / MindChamps / Jiutian Chemical Grp / MindChamps Preschool / Sing Holdings
Morning Buzz - 3 Apr 2018
KGI Market Ideas / Short Oil / HRnetGroup / Jumbo Group
Morning Buzz - 29 March 2018
KGI Market Ideas / ST Engineering (ST) / Galaxy Entertainment / Tencent
Morning Buzz - 20 March 2018
KGI Market Ideas / Keppel DC REIT / GBPUSD / ComfortDelGro
Morning Buzz - 19 March 2018
Market Colour / Oil prices
Morning Buzz - 16 March 2018
Market Colour / Yanlord / Oxley Hldgs
Morning Buzz - 15 March 2018
Market Colour / Keppel DC REIT / Oxley Hldgs
Morning Buzz - 14 March 2018
Market Colour / Singapore property
Morning Buzz - 13 March 2018
Market Colour / ST Engrg / SGX / JEP Hldgs
Morning Buzz - 12 March 2018
Market Colour / Keppel Corp / Cityneon
Morning Buzz - 9 March 2018
Market Colour / Jardine Matheson / Dairy Farm
Morning Buzz - 8 March 2018
Market Colour / Frencken Group / CSE Global / Creative Technologies / TTJ Hldgs / SIA
Morning Buzz - 7 March 2018
Market Colour / SUTL / Nordic Group
Morning Buzz - 5 March 2018
Market Colour / Cityneon Holdings / AEM / Uni-Asia Grp / Geo Energy
Morning Buzz - 2 March 2018
Market Colour / Jardine C&C / Yongnam / Wee Hur / Japfa
Morning Buzz - 1 March 2018
Market Colour / Yangzijiang / Venture
Morning Buzz - 28 February 2018
Market Colour / Cityneon / Hyflux
Morning Buzz - 27 February 2018
Market Colour / Sembcorp Marine / CSE Global / Raffles Medical
Morning Buzz - 26 February 2018
Market Colour / Frencken Group / Notable insider trades / ComfortDelGro
Morning Buzz - 23 February 2018
Market Colour / ST Engineering / Sembcorp Industries / Frencken / Wilmar Int'l / OUE / Sheng Siong
Morning Buzz - 22 February 2018
Market Colour / Offshore & Marine / Trendlines Grp / BreadTalk / Sembcorp Marine
Morning Buzz - 21 February 2018
Market Colour / Manulife US REIT / Posh Offshore Services Hldgs / TalkMed
Morning Buzz - 20 February 2018
Market Colour / Singapore Budget / Noble Grp
Morning Buzz - 19 February 2018
Market Colour / Mindchamps / SGX
Morning Buzz - 15 February 2018
Market Colour / Creative Technology / Far East Hospitality Trust / Thai Beverage / Jumbo / SIA
Morning Buzz - 14 February 2018
Market Colour / OCBC / UOB / Hi-P Int'l / Lippo Malls (Lippo) / RHT Health Trust
Morning Buzz - 13 February 2018
KGI Strategy / Singapore Strategy / Japan Foods Holding / Notable earnings this week
Morning Buzz - 12 February 2018
Market Colour / Notable earnings this week
Morning Buzz - 8 February 2018
Market Colour / Singapore Telecom / DBS
Morning Buzz - 6 February 2018
Market Colour / HPH Trust / FJ Benjamin / Netlink NBN Trust / SIA Engrg
Morning Buzz - 5 February 2018
Market Colour / HPH Trust / QT Vascular / Oil and Gas
Morning Buzz - 2 February 2018
Market Colour / GuocoLand / Ascendas Hospitality Trust / AA REIT
Morning Buzz - 1 February 2018
Market Colour / OUE Commercial REIT / Marco Polo Marine / Ezion Hldgs / Notable earnings / AEM Hldgs
Morning Buzz - 31 January 2018
Market Colour / CapitaLand Retail China Trust / OUE Hospitality Trust / QT Vascular
Morning Buzz - 30 January 2018
Market Colour / Noble Grp / Ascendas Hospitality Trust (AHT) / ST Engineering, SingTel / Ascendas India Trust
Morning Buzz - 29 January 2018
Market Colour / Micro-Mechanics Hldgs / City Devpt / CDL Hospitality Trust / Parkway Life REIT / Viva Industrial Trust
Morning Buzz - 26 January 2018
Market Colour / Noble Grp / Keppel Corp / Alliance Mineral / Genting Spore
Morning Buzz - 25 January 2018
Market Colour / Halcyon Agri Corporation / ComfortDelGro / CapitaLand Commercial Trust (CCT) / Frasers Hospitality Trust (FHT)
Morning Buzz - 24 January 2018
Market Colour / Suntec REIT / CapitaLand Mall Trust (CMT) / Frasers Centrepoint Trust (FCT) / M1
Morning Buzz - 23 January 2018
Market Colour / Keppel DC REIT / Mapletree Logistics Trust (MLT) / Frasers Commercial Trust (FCOT)
Morning Buzz - 22 January 2018
Market Colour / SGX / ST Engineering
Morning Buzz - 19 January 2018
Market Colour / China property / Oxley Hldgs / First Ship Lease Trust / Golden Energy and Resources
Morning Buzz - 18 January 2018
Market Colour / ST Engrg / JEP Hldgs / Soilbuild REIT / Spore Kitchen Equipment
Morning Buzz - 17 January 2018
Market Colour / First Ship Lease Trust / Mapletree Greater China Commercial Trust / JEP
Morning Buzz - 16 January 2018
Market Colour / CNMC / JEP Hldgs / Halcyon Agri
Morning Buzz - 15 January 2018
Market Colour / SPH / Food Empire / Singapore banks
Morning Buzz - 12 January 2018
Market Colour / ANTA Sports Products / HRnetGroup
Morning Buzz - 11 January 2018
Market Colour / Hong Kong Exchanges & Clearing / LHN / SGX / OUE Lippo Healthcare
Morning Buzz - 10 January 2018
Market Colour / ValueMax / HC Surgical Specialists (HCSS) / UOB
Morning Buzz - 8 January 2018
Market Colour / Fu Yu Corporation / SPH REIT / Mapletree Logistics Trust (MLT) / CapitaLand
Morning Buzz - 5 January 2018
Market Colour / Sembcorp Marine
Morning Buzz - 4 January 2018
Market Colour / Midas Hldgs / Venture Corp / BreadTalk
Morning Buzz - 3 January 2018
Market Colour / ComfortDelGro Corporation / Cosco Shipping / Wing Tai
Morning Buzz - 2 January 2018
Market Colour / Singapore property
Morning Buzz - 29 December 2017
Market Colour / Soilbuild Business Space REIT (SBREIT) / QAF / Hyflux
Morning Buzz - 28 December 2017
Market Colour / SATS / CapitaLand / Best World Int'l
Morning Buzz - 27 December 2017
Market Colour / Geo Energy Resources / Oxley Hldgs / Food Empire
Morning Buzz - 26 December 2017
Market Colour / Keppel Corporation / Keppel Corp / Sembcorp Marine / Frasers Centrepoint (FCL)
Morning Buzz - 22 December 2017
Market Colour / FSL Trust / Mapletree Industrial Trust (MIT) / City Devpts / Lippo Retail Trust
Morning Buzz - 21 December 2017
Market Colour / Mermaid Maritime / MindChamps
Morning Buzz - 20 December 2017
Market Colour / CapitaLand / Singapore equity market
Morning Buzz - 19 December 2017
Market Colour / Keppel Corp / ThaiBev / Rowsley
Morning Buzz - 18 December 2017
KGI Outlook / Keppel Corporation / Uni-Asia Group
Morning Buzz - 15 December 2017
Market Colour / Oxley Hldgs / Frasers Commercial Trust / LHN
Morning Buzz - 14 December 2017
Market Colour / Oxley Hldgs / ESR-REIT / Singtel
Morning Buzz - 13 December 2017
Market Colour / First Ship Lease Trust / Salesforce.com, Inc. / Datapulse / Jubilee Industries Hldgs / Emas Offshore
Morning Buzz - 12 December 2017
Market Colour / Keppel Corp / Oxley / MindChamps
Morning Buzz - 11 December 2017
Market Colour / Bitcoin / ThaiBev / ComfortDelGro
Morning Buzz - 8 December 2017
Market Colour / Spore market performance / What to watch out for in the next few weeks
Morning Buzz - 7 December 2017
Market Colour / Tencent / Oil prices / Bitcoin
Morning Buzz - 6 December 2017
KGI Macro Update: 2018 Global Outlook
Morning Buzz - 5 December 2017
Market Colour / US Markets / Spore property market
Morning Buzz - 4 December 2017
Market Colour / Sembcorp Marine / Keppel Corp
Morning Buzz - 1 December 2017
Market Colour / Golden Energy and Resources (GEAR) / Cache Logistics Trust (CACHE) / Best World
Morning Buzz - 30 November 2017
Market Colour / Chip Eng Seng / A-Htrust / ThaiBev
Morning Buzz - 29 November 2017
Market Colour / Noble / Yoma / CapitaLand
Morning Buzz - 28 November 2017
Market Colour / KGI Apple Insight
Morning Buzz - 27 November 2017
Market Colour / ThaiBev / Oil prices
Morning Buzz - 24 November 2017
Market Colour / ThaiBev / Oil prices
Morning Buzz - 23 November 2017
Market Colour / Singapore economy
Morning Buzz - 22 November 2017
Market Colour / Viva Industrial Trust (VIT) / Raffles Medical Grp (RMG) / Sembcorp Industries
Morning Buzz - 21 November 2017
Market Colour / Accordia Golf Trust / KGI China/HK weekly / Tencent
Morning Buzz - 20 November 2017
Market Colour / Singapore economy / K1 Ventures / MindChamps
Morning Buzz - 17 November 2017
Market Colour / Spore non-oil domestic exports (NODX) beat expectations / Spore fintech / TW Apple Insight
Morning Buzz - 16 November 2017
Market Colour / Frencken Group / Cromwell European Reit (Cereit) / RE&S / CapitaLand / Tencent
Morning Buzz - 15 November 2017
Market Colour / Japan Foods Holding / Olam Int'l / SingPost / Hong Leong Asia / Healthway Medical
Morning Buzz - 14 November 2017
Market Colour / Accordia Golf Trust / China Sunsine / Golden Agri-Resources / DELFI / Noble Grp
Morning Buzz - 13 November 2017
Market Colour / Cityneon Holdings / Asian Pay TV / Jardine C&C / HRnetGroup / ComfortDelGro
Morning Buzz - 10 November 2017
Market Colour / Yangzijiang / City Devpt / SATS / NetLink NBN Trust
Morning Buzz - 9 November 2017
Market Colour / SingTel / Valuetronics / Keppel-KBS US REIT
Morning Buzz - 8 November 2017
Market Colour / ST Engrg / DBS / Razer
Morning Buzz - 7 November 2017
Market Colour / SIA Engrg / Venture Corp
Morning Buzz - 6 November 2017
Market Colour / Asia share rally since 2016 driven by tech leaders
Morning Buzz - 3 November 2017
Market Colour / Cloud Computing / Sembcorp Marine / UOB / Manulife US REIT / Keppel KBS US REIT
Morning Buzz - 2 November 2017
Market Colour / mm2 Asia / Frasers Logistics Trust (FLT) / Oxley Hldgs / Far East Hospitality (FEHT)
Morning Buzz - 1 November 2017
Market Colour / Sembcorp Marine / ComfortDelGro / US stocks / Oil markets
Morning Buzz - 31 October 2017
Market Colour / SATS / Ascott / Tianjin Zhong Xin / Hong Leong Asia
Morning Buzz - 30 October 2017
Market Colour / Samudera Shipping Line / iFast Corp / Falcon Energy / Raffles Medical
Morning Buzz - 27 October 2017
Market Colour / China Sunsine Chemical Holdings / Samudera Shipping / CDL Hospitality Trust / Japfa
Morning Buzz - 26 October 2017
Market Colour / OCBC / SGX / Mapletree Commercial Trust (MCT) / Keppel-KBS US REIT IPO
Morning Buzz - 25 October 2017
Market Colour / Frasers Centrepoint Trust / Cache Logistics Trust / Mapletree Industrial Trust (MIT)
Morning Buzz - 24 October 2017
Market Colour / Mapletree Logistics Trust / Mapletree Greater China Commercial Trust / First REIT
Morning Buzz - 23 October 2017
Market Colour / Share buybacks / Institutional fund flows / CapitaLand Commercial Trust / CapitaLand Mall Trust / Tat Hong
Morning Buzz - 20 October 2017
Market Colour / Keppel Corp / CapitaLand Commercial Trust / GuocoLand
Morning Buzz - 19 October 2017
Market Colour / Spore Medical Grp / CapitaLand / Keppel T&T / ESR-Reit / Oxley Hldgs / Keppel REIT / CWT
Morning Buzz - 17 October 2017
Market Colour / M1 / Chip Eng Seng / Keppel DC Reit / Hiap Seng Engrg / SIA / Fischer Tech
Morning Buzz - 16 October 2017
Market Colour / Samudera Shipping Line / AEM Hldgs / Soilbuild REIT / Ocean Sky / Moya Hldgs
Morning Buzz - 13 October 2017
Market Colour / Poh Tiong Choon Logistics / Raffles Education / Oxley Hldgs / Lian Beng
Morning Buzz - 12 October 2017
Market Colour / Spore property mkt / Gold / SPH / Indiabulls Properties Invt Trust / Banyan Tree
Morning Buzz - 11 October 2017
Market Colour / Japan / Trendlines / SUTL / Digital Payments
Morning Buzz - 10 October 2017
Market Colour / REITS / SPH / CDL
Morning Buzz - 9 October 2017
Market Colour / China Sunsine Chemical Holdings / Singapore property market / GLP
Morning Buzz - 6 October 2017
Market Colour / First Real Estate Investment Trust / Utd Food Hldgs / Yongnam Hldgs / Pan Utd Corp / Soilbuild Construction Grp / ABR Hldgs / Ezion Hldgs / Croesus Retail Trust
Morning Buzz - 5 October 2017
Market Colour / Alliance Mineral Assets / Keppel Corp / Addvalue Technologies / UnUsUaL / SIA / Utd Global / ST Engrg / Saizen Reit
Morning Buzz - 4 October 2017
Market Colour / 800 Super Hldgs / Thai Beverage / Sembcorp Marine / Spore O&G / Falcon Energy Grp / Top Global / Genting Hong Kong
Morning Buzz - 3 October 2017
Market Colour / Jaya Hldgs / Roxy-Pacific Hldgs / Ezion Hldgs / Global Logistic Properties / HG Metal / Lion-Phillip S-Reit ETF
Morning Buzz - 2 October 2017
Market Colour / Rotary Engrg / Alliance Mineral Assets / GLP / Q&M Dental / Straits Trading Co / Trendlines / Loyz Energy
Morning Buzz - 22 September 2017
Market Colour / SPH / CapitaLand Commercial Trust / ASL Marine Hldgs / Del Monte Pacific / Neo Grp / ERA Realty Network IPO / Allied Technologies
Morning Buzz - 21 September 2017
Market Colour / Oil prices / Great Eastern Hldgs / Poh Tiong Choon Logistics / Swissco Hldgs / Olam Int'l / Sysma Hldgs
Morning Buzz - 20 September 2017
Market Colour / United Engineers, Yanlord, Perennial / Alliance Mineral / Loyz Energy / Keppel Corp / Manulife US REIT / ASTI Hldgs
Morning Buzz - 19 September 2017
Market Colour / SGX / Sembcorp Marine / Cromwell European REIT / TEE Land / Trendlines Grp / Sunpower Grp / ISR Capital
Morning Buzz - 18 September 2017
Market Colour / UOL Group / SBS Transit / Roxy-Pacific / Lian Beng / Keppel T&T / Golden Energy and Resources / Heatec Jietong / Low Keng Huat / Mandarin Oriental

Open an account with KGI Securities (Singapore) today to gain access to the latest research reports.

Centurion Corporation Limited (CENT) - 3 June 2019
Site Visit: Site visit to ASPRI-Westlite Papan and Dwell Selegie (Not Rated)
Accordia Golf Trust (AGT SP) - 31 May 2019
Update: Improving operations marred by impairment losses (Maintain Outperform BUY, TP: S$ 0.700)
Japan Foods Holding Limited - 22 May 2019
4Q19: New store openings weigh on performance (Maintain NEUTRAL, TP: S$0.550)
CSE Global Limited (CSE SP) - 21 May 2019
Update: Healthy order wins (Maintain BUY, TP: S$0.58)
Uni-Asia Group Limited (UAG SP) - 17 May 2019
Update: Bonus for shareholders (Maintain BUY, TP: S$ 1.860)
ComfortDelGro Corporation Limited (CD SP) - 16 May 2019
1Q19: Lifted by acquisitions and public transport services (Maintain BUY, TP: S$2.77)
Frencken Group Limited (FRKN SP) - 13 May 2019
1Q19: Slowing down QoQ but business remains well diversified (Maintain BUY, TP: S$0.670)
Thai Beverage PCL (THBEV SP) - 13 May 2019
2Q19: Maintain Hold (Maintain HOLD, TP: S$0.75)
Sembcorp Marine Limited (SMM SP) - 6 May 2019
1Q19: Firming industry outlook (Maintain BUY, TP: S$ 2.480)
JB Foods Limited (JBF SP) - 3 May 2019
4Q18: 2019 is looking good; upcoming 1Q19 results may provide short-term catalyst (Not Rated)
DBS Group Holdings Limited (DBS SP) - 2 May 2019
1Q19: Fairly Valued. Downgrade to Hold (Downgrade to HOLD, TP: S$27.700)
Manulife US REIT (MUST) - 29 April 2019
1Q19: 1Q19 results update; positive start to the year (Maintain BUY, TP: US$ 0.97)
Sheng Siong Group Limited (SSG SP) - 29 April 2019
1Q19: Navigating Competitive Landscapes (Maintan BUY, TP: S$ 1.24)
Keppel DC REIT (KDCREIT SP) - 18 April 2019
1Q19: 1Q19 results update; KDCREIT may see the acquisition of KDC 4 (SG) in 2019. (Maintain BUY, TP: S$ 1.620)
INDON 3.75% 04/25/22 (INDON) - 18 April 2019
Fixed Income Note: Short-Term Carry (USD)
PHILIP 9.5% 10/21/24 (PHILIP) - 12 April 2019
Fixed Income Note: Intermediate Term Carry (USD)
Uni-Asia Group Limited (UAG SP) - 9 April 2019
Update: Placement successful; firm dividend policy until FY20 (Maintain BUY, TP: S$ 1.860)
Keppel DC REIT (KDCREIT SP) - 5 April 2019
Initiation: Banking on Singapore’s position as global data centre market leader (Initiation - BUY, TP: S$ 1.620)
Accordia Golf Trust - 4 April 2019
Site Visit: Site visit; waiting for acquisitions (Maintain BUY, TP: S$ 0.720)
Sasseur REIT (SASSR SP) - 29 March 2019
Company Visit: Site visit to Sasseur REIT’s outlet malls in Chongqing and Hefei (Not Rated)
CPDEV 3.875% 01/30/21 (CPDEV) - 29 March 2019
Credit Note: Short-Term Carry (USD)
Geo Energy Resources Limited (GERL SP) - 26 March 2019
Update: Hazy outlook as global economic growth slows (Maintain HOLD, TP: S$0.190)
SUNOTG 3.75% 01/23/23 (SUNOTG) - 22 March 2019
Credit Note: Intermediate - Term Carry (USD)
CapitaLand Retail China Trust (CRCT SP) - 20 March 2019
Initiation: Pure play China retail REIT – Positive asset recycling efforts to pay off by 2020 (Initiation - BUY, TP: S$ 1.610)
CENCHI 6.25% 05/02/20 (CENCHI) - 15 March 2019
Credit Note: High Yield Debt (SGD)
Uni-Asia Group Limited (UAG SP) - 14 March 2019
4Q18: Looking forward to a better year (Maintain BUY, TP: S$ 2.07)
Raffles Medical Group Limited (RFMD SP) - 12 March 2019
Update: In good health as it grows from one to three (Not Rated)
Frencken Group Limited (FRKN SP) - 7 March 2018
4Q18: Highest quarterly profit in eight years (Maintain BUY, TP: S$0.670)
COGARD 4.75% 09/28/23 (COGARD) - 8 March 2019
Credit Note: High Yield Debt (USD)
Momo Inc - 8 March 2019
Update: Cease Coverage
Tesla 5.3% 08/15/25 (TSLA) - 8 March 2019
Credit Note: Electric Cars Revolution
China Sunsine Chemical Holdings (CSSC SP) - 7 March 2019
Update: Taking advantage of opportunities amid short-term challenges (Not Rated)
Kingsmen Creatives Limited (KMEN SP) - 6 March 2019
Update: First of its kind – NERF family entertainment centres (Not Rated)
CSE Global Limited (CSE SP) - 4 March 2019
Update: Positive trends; attractive 5.5% dividend yield (Maintain BUY, TP: S$0.58)
LBBW 3.75% 05/18/27 (LBBW) - 1 March 2019
Credit Note: Intermediate-Term Carry (SGD)
Sim Leisure Group (SLGL SP) - 1 March 2019
Update: First of its kind – theme park focused entertainment stock listed in SG (Not Rated)
Best World International Limited (BEST SP) - 28 February 2019
Update: Strong growth in China but risks remain (Not Rated)
Sheng Siong Group Limited (SSG SP) - 27 February 2019
Update: Navigating Competitive Landscapes (Maintan BUY, TP: S$1.24)
STANLN 4.4% 01/23/26 (STANLN) - 22 February 2019
Credit Note: Intermediate-Term Carry (SGD)
DBS Group Holdings Limited - 21 February 2019
Update: Dovish Fed and market volatility weighs (Maintain BUY, TP: S$27.700)
Sembcorp Marine Limited - 21 February 2019
4Q18: Positioning for the future (Maintain BUY, TP: S$ 2.48)
ComfortDelGro Corporation Limited - 18 February 2019
Update: Acquisition-fuelled year; taxi business stabilising (Maintain BUY, TP: S$2.77)
Thai Beverage PCL - 18 February 2019
Update: Downgrade to Hold (Downgrade to HOLD, TP: S$0.75)
Manulife US REIT - 15 February 2019
FY18: FY18 results update; Dividend yield remains attractive amongst office peers (Maintain BUY, TP: US$0.95)
Accordia Golf Trust - 15 February 2019
3Q19: Tee time; consolidation in the industry likely to benefit the largest players (Upgrade to BUY, TP: S$0.610)
ANZ 3.75% 03/23/27 (ANZ) - 14 February 2019
Credit Note: Intermediate-Term Carry (SGD)
DISA Limited (DISA SP) - 14 February 2019
2Q19: Cease Coverage (Cease Coverage)
JB Foods Limited (JBF SP) - 11 February 2019
Update: Anything is good if it’s made of chocolate (Not Rated)
ABNANV 4.75% 04/01/26 (ABNANV) - 8 February 2019
Credit Note: Intermediate-Term Carry
Japan Foods Holding Limited - 1 February 2019
3Q19: Stable business under a challenging environment; interesting JV overseas (Maintain HOLD, TP: S$0.570)
BPCE 4.5% 06/03/26 (BPCEGP) - 31 January 2019
Credit Note: Intermediate-Term Carry
Keppel Corporation Limited - 28 January 2019
4Q18: Muted outlook as key segments face headwinds (Downgrade to HOLD, TP: S$ 7.50)
Tuan Sing Holdings Limited - 22 January 2019
Update: Short-term catalyst from completion of 18 Robinson project (Not Rated)
Sembcorp Marine Limited - 21 January 2019
Update: Past cyclical troughs (Maintain BUY, TP: S$ 2.50)
SIASP 3.22% 07/09/20 - 18 January 2019
Credit Note: Short-Term Carry
CSE Global Limited - 16 January 2019
Update: Great start to the new year; 2018 infra order wins increased 44% YoY (Maintain BUY, TP: S$ 0.57)
Accordia Golf Trust - 11 January 2019
Update: Company presentation update; rock-bottom valuations (Maintain HOLD, TP: S$0.610)
CapitaLand 1.85% 06/19/20 - 11 January 2019
Credit Note: Defensive positioning with positive carry
IFS Capital Limited - 2 January 2019
Update: New moneylending business model driven by the digital economy (Maintain BUY, TP: S$0.29)
Thai Beverage PCL - 5 December 2018
Update: Opportunity to buy on recent weakness due to disappointing results (Maintain BUY, TP: S$0.75)
Geo Energy Resources Limited - 27 November 2018
Update: Downgrade to HOLD; cautious outlook on industry (Downgrade to HOLD, TP: S$0.210) - Updated Version
Asian Pay Television Trust - 20 November 2018
Update: 8.2% div yield not enough to offset risks and lack of re-rating in next two years (Not Rated)
Accordia Golf Trust - 15 November 2018
2Q19: Attractive valuations but lack of near-term re-rating catalysts; downgrade to HOLD (Downgrade to HOLD, TP: S$0.610)
CNMC Goldmine Holdings Limited - 15 November 2018
3Q18: Operations improving but expenses expected to remain high (Cease Coverage)
Alliance Mineral Assets Limited - 13 November 2018
Company Visit: Australia site visit to Alliance and Pilbara Minerals; industry weakness an opportunity (Not Rated)
ComfortDelGro Corporation Limited - 12 November 2018
3Q18: Improving performance; overall outlook positive (Maintain BUY, TP: S$2.72)
Japan Foods Holding Limited - 12 November 2018
2Q19: Rising competition; downgrade to HOLD (Downgrade to HOLD, TP: S$0.560)
Manulife US REIT - 5 November 2018
3Q18: 3Q18 results in line with expectations; opportunity to accumulate after sell-off (Maintain BUY, TP: US$0.92)
DBS Group Holdings Limited - 2 November 2018
Re-Initiation: Geared for Wealth (Re-Initiation - BUY, TP: S$27.700)
DISA Limited - 1 November 2018
1Q19: Additional Retailers Key to FY19 (Maintain BUY, TP: S$ 0.02)
Sheng Siong Group Limited - 1 November 2018
3Q18: Navigating Competitive Landscapes (Maintain BUY, TP: S$1.24)
EC World REIT - 29 October 2018
Company Visit: Site Visit Note (Not Rated)
IFS Capital Limited - 17 October 2018
Initiation: Turnaround taking shape; Financing SMEs since 1987 (Initiation - BUY, TP: S$0.29)
ComfortDelGro Corporation Limited - 15 October 2018
Update: Overreaction to Go-Jek’s entry into Singapore (Maintain BUY, TP: S$2.72)
CSE Global Limited - 8 October 2018
Re-Initiation; Site-Visit: Turnaround as industry fundamentals improve; offering attractive 6% dividend yield (Re-Initiation; Site-Visit - BUY, TP: S$0.57)
Creative Technology Limited - 27 September 2018
Update: Spatial Audio Unleashed (Not Rated)
StarHub Limited - 27 September 2018
Update: Wake up call for Singapore’s telcos (Not Rated)
Keppel Corporation Limited - 27 September 2018
Update: Offer for M1 and KT&T; EPS-accretive deals leveraging on its strong balance sheet (Maintain BUY, TP: S$9.43)
Thai Beverage PCL - 14 September 2018
Initiation: Unlocking Opportunities in Vietnam and Thailand (Initiation - BUY, TP: S$0.75)
Sheng Siong Group Limited - 14 September 2018
Initiation: A defensive story for the long haul (Initiation - BUY, TP: S$1.24)
Momo Inc - 30 August 2018
2Q18: Blow out quarter; expect VAS momentum to continue as key driver (Maintain BUY, TP: US$ 60.08)
DISA Limited - 30 August 2018
4Q18: Growth plans on track with more retailers expected to come aboard (Maintain - BUY, TP: S$ 0.02)
Frasers Centrepoint Trust (FCT SP) - 28 August 2018
Update: Defensive suburban exposure for the long haul (Not Rated)
CSE Global Limited (CSE SP) - 27 August 2018
Update: Turnaround as industry fundamentals improve; offering attractive 6.4% dividend yield (Not Rated)
Uni-Asia Group Limited - 21 August 2018
2Q18: Good set of results; Trading at attractive valuations (Maintain BUY, TP: S$2.00)
Accordia Golf Trust (AGT SP) - 17 August 2018
1Q19: It’s a new dawn, It’s a new day (Maintain BUY, TP: S$0.700)
Japan Foods Holding Limited (JFOOD SP) - 16 August 2018
1Q19: Venturing beyond Singapore; Indonesia a promising market (Maintain BUY, TP: S$0.640)
Cityneon Holdings Limited (CITN SP) - 16 August 2018
2Q18: Cityneon continues to deliver yet another stellar quarter (Maintain BUY, TP: S$1.510)
Manulife US REIT - 13 August 2018
2Q18: 2Q18 results in line with expectations; lower DPU on enlarged unit base (Maintain BUY, TP: US$0.97)
MindChamps Preschool Limited - 13 August 2018
2Q18: Strong Results from Q2; China Expansion on Track (Maintain BUY, TP: S$0.86)
CNMC Goldmine Holdings Limited - 3 July 2018
Re-Initiation: Golden opportunity (Re-Initiation - BUY, TP: S$0.380)
Xiaomi - 25 June 2018
Offer of foreign IPO in Singapore which does not have prospectus lodged and registered with MAS can only be offered to institutional investors (Sec 274 of SFA) and accredited investors (Sec 275 of SFA). IPO Note: World’s largest tech IPO since 2014
DISA Limited - 22 June 2018
Initiation: World’s First Fully Digital Asset Protection Technology (Initiation - BUY, TP: S$ 0.02)
Momo Inc - 6 June 2018
Initiation: Momo 8.0: Social Graphing Generation Y (Initiation - BUY, TP: US$ 58.93)
Addvalue Technologies Limited - 7 June 2018
Update: Finally commercialising its flagship technology (Not Rated)
Geo Energy Resources Limited - 4 June 2018
Update: Coal mine site visit; on-track for another record year (Maintain BUY, TP: S$0.300)
Sasseur REIT - 4 June 2018
Company Visit: Visit to Sasseur REIT’s outlet in Chongqing, Hefei & Xi’an (Not Rated)
Accordia Golf Trust - 31 May 2018
4Q18: Unfavourable weather conditions and one-off expenses (Maintain BUY, TP: S$0.700)
Uni-Asia Group Limited - 22 May 2018
1Q18: Upside as trade war averted (Maintain BUY, TP: S$2.00)
Japan Foods Holding Limited - 21 May 2018
4Q18: Scaling new heights; constantly reinventing its restaurants (Maintain BUY, TP: S$0.640)
Cityneon Holdings Limited - 18 May 2018
1Q18: 1Q18 results in line; 4th IP update (Maintain BUY, TP: S$1.54)
ComfortDelGro Corporation Limited - 14 May 2018
1Q18: Positive developments (Maintain BUY, TP: S$2.72)
MindChamps Preschool Limited - 11 May 2018
1Q18: China Expansion Nearing (Maintain BUY, TP: S$0.86)
ayondo Limited - 10 May 2018
1Q18: Improving operational performance (Not Rated)
Sembcorp Marine Limited - 7 May 2018
1Q18: Pure-play on oil industry recovery (Upgrade to BUY, TP: S$2.64)
Manulife US REIT - 2 May 2018
1Q18: 1Q18 results above estimates, albeit lower DPU YoY (Maintain BUY, TP: US$1.02)
ComfortDelGro Corporation Limited - 30 April 2018
Update: Resilience amid disruption; Stable 5% dividend yield (Maintain BUY, TP: S$2.72)
Ezion Holdings Limited - 24 April 2018
Update: Caution still warranted (Maintain SELL, TP: S$0.10)
Accordia Golf Trust - 24 April 2018
Update: Company visit to Nagoya golf courses (Maintain BUY, TP: S$0.78)
Keppel Corporation Limited - 23 April 2018
1Q18: Strength through its diversified business model (Maintain BUY, TP: S$9.43)
Manulife US REIT - 17 April 2018
Update: Acquisition update: Penn & Phipps (Maintain BUY, TP: US$1.01)
MindChamps Preschool Limited - 5 April 2018
Initiation: Nurturing Generation Z: Beyond a Montessori (Initiation BUY, TP: S$0.860)
Sing Holdings Limited - 5 April 2018
Update: Sales of Parc Botannia above expectations (Maintain BUY, TP: S$0.680)
Jiutian Chemical Group Limited - 4 April 2018
Company Visit: Site visit to chemical plants in Henan, China (Not Rated)
Uni-Asia Group Limited - 16 March 2018
Update: Surprise 6.25 cents dividend; Upside from HK property (Maintain BUY, TP: S$1.81)
Frencken Group Limited - 7 March 2018
Update: Share price weakness a chance to accumulate (Upgrade to BUY, TP: S$0.720)
Cityneon Holdings Limited - 5 March 2018
FY17: Fantastic set of results; Growth story still intact (Maintain BUY, TP: S$1.54)
Sembcorp Marine Limited - 26 February 2018
4Q17: Orders are returning but profitablity to remain weak (Maintain HOLD, TP: S$2.06)
Frencken Group Limited - 26 February 2018
4Q17: Results in line; 2.39 SG cents dividend declared (Downgrade to HOLD, TP: S$0.720)
Manulife US REIT - 21 February 2018
Initiation: Pure-play US REIT looking to double AUM in two years (Initiation BUY, TP: US$1.008)
Creative Technology Limited - 15 February 2018
Company Visit: X-Fi technology could open new markets (Not Rated)
Japan Foods Holding Limited - 12 February 2018
3Q18: Stellar results; highest quarterly earnings since IPO (Maintain BUY, TP: S$0.540)
SingTel - 5 February 2018
Update: Testing 5‐year support levels; Attractive dividend yields (Not Rated)
Buy the Dip - 5 February 2018
Note: Buy the Dip on market overreaction
Singapore REITs - 5 February 2018
Note: REITs looking attractive after knee-jerk reaction to spike in 10 year US Treasury yields
Keppel Corporation Limited - 15 December 2017
Update: Diversification strategy paying off (BUY, TP: S$8.670)
Uni-Asia Group Limited - 15 December 2017
3Q17: Well-positioned for growth; opportunity to accumulate (BUY, TP: S$1.850)
First Ship Lease Trust - 13 Decemberr 2017
Update: Sale of 14-year old vessel 55% above our estimates (BUY, TP: S$0.150)
Salesforce.com, Inc - 12 Decemberr 2017
Note: Riding the waves as the #1 CRM solutions provider (Not Rated)
Accordia Golf Trust - 21 November 2017
2Q18: DPU impacted by repayment of membership deposits (Maintain BUY, TP: S$0.780)
Frencken Group Limited - 15 November 2017
3Q17: Opportunity to accumulate (Maintain BUY, TP: S$0.660)
Japan Foods Holding Limited - 15 November 2017
2Q18: Healthy margins and higher dividend payout (Maintain BUY, TP: S$0.530)
Cityneon Holdings Limited - 13 November 2017
Initiation: Conquering the world; one country at a time (Initiation - BUY, TP: S$1.380)
Keppel-KBS US REIT - 6 November 2017
Keppel-KBS US REIT - 6 November 2017
Sembcorp Marine Limited - 2 November 2017
3Q17: Earnings needed to sustain rally; downgrade to HOLD (Downgrade to HOLD, TP: S$2.05)
Samudera Shipping Line Limited - 27 October 2017
3Q17: Profitable and severely undervalued (Maintain BUY, TP: S$0.380)
China Sunsine Chemical Holdings Limited - 26 October 2017
Update: Deep-Value; Robust Growth; Solid-Moat (BUY, TP: S$1.390)
Samudera Shipping Line Limited - 13 October 2017
Update: Positive outlook on near-synchronous global growth (Maintain BUY, TP: S$0.380)
China Sunsine Chemical Holdings Limited - 6 October 2017
Update: Riding high on favourable supply-demand dynamics (Not Rated)
First Real Estate Investment Trust - 5 October 2017
Update: Stable yield buoyed by rising healthcare demand in Indonesia (Not Rated)
ASL Marine Holdings Limited - 28 September 2017
Update: Sailing through one of the worst industry downturns (Not Rated)
Moya Holdings Asia Limited - 26 September 2017
Update: Indonesian infrastructure play (Not Rated)
UOL Group Limited - 15 September 2017
Update: Poised to benefit from residential property upcycle (Not Rated)
Geo Energy Resources Limited - 11 September 2017
Update: Well-positioned to power Asia's growth (BUY, TP: S$0.360)
ValueMax Group Limited - 7 September 2017
Initiation: Fuellling growth through moneylending; benefits from rising gold price (Initiation BUY, TP: S$0.390)
First Sponsor Group Limited - 30 August 2017
Update: Further inroads into the Netherlands to capture growth (Not Rated)
Sing Holdings Limited - 30 August 2017
Update: Riding on recent upturn in property sentiments (BUY, TP: S$0.410)
Halcyon Agri Corporation Limited - 25 January 2018
Company Visit: Proxy for growth in natural rubber demand (Not Rated)
ANTA Sports Products Limited - 11 January 2018
Note: Riding on China’s consumption led growth (Not Rated)
Hong Kong Exchanges & Clearing Limited - 10 January 2018
Note: Exciting times ahead with gradual liberalisation of the Chinese markets (Not Rated)
Fu Yu Corporation Limited - 5 January 2018
Update: Shifting into high gear. 60% of market cap is cash (Not Rated)
ComfortDelGro Corporation Limited - 2 January 2018
Update: Attractive dividend yield; resilience amid disruption (BUY, TP: S$2.24)
ComfortDelGro Corporation Limited - 2 January 2018 Keppel Corporation Limited - 26 December 2017
Update: Attractive dividend yield; resilience amid disruption (BUY, TP: S$2.24) Update: Resolution of Brazil corruption probe (Maintain BUY, TP: S$8.040)
ComfortDelGro Corporation Limited - 2 January 2018
Update: Attractive dividend yield; resilience amid disruption (BUY, TP: S$2.24)

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KGI High Dividend Watchlist: 13 June 2019
KGI Singapore High Dividend Watchlist (Ex-REITs)
Tactical Play: US Luxury Market
LVMH’s share price rally signals buoyant luxury consumption by the Chinese
KGI REITs Watchlist
(CapitaLand Commercial Trust / Mapletree Commercial Trust / CapitaLand Mall Trust / Frasers Centrepoint Trust / Mapletree Industrial Trust / Mapletree Logistics Trust / Keppel DC REIT / Ascendas Hospitality Trust / Far East Hospitality Trust)
Tactical Play: US Luxury Market
Easing trade war tensions and resilient global luxury consumption
S-REITs Outlook 2019: Accumulative phase as interest rate risks deflates
CapitaLand Commercial Trust / Mapletree Commercial Trust / CapitaLand Mall Trust / Frasers Centrepoint Trust / Keppel DC REIT / Mapletree Logistics Trust / Mapletree Industrial Trust / Far East Hospitality Trust
Singapore Strategy: Potential beneficiaries of GLP's privatisation
CapitaLand / Wheelock Properties Spore / Wing Tai Hldgs / Ho Bee Land / Mapletree Commercial Trust / Yanlord Land
Offshore & Marine: Positive signs in offshore & marine sector
Ezion (SELL, TP: S$0.20) / Keppel Corporation (HOLD, TP: S$6.50) / Nam Cheong (HOLD, TP: S$0.07) / Pacific Radiance (HOLD, TP: S$0.17) / Sembcorp Marine (HOLD; TP: S$1.63)
Offshore & Marine: Yards - Trough valuations with limited downside
Keppel Corporation (Upgrade to BUY; TP: S$5.93) / Sembcorp Marine (HOLD; TP: S$1.39) / Triyards Holdings (BUY; TP: S$0.43)
Offshore & Marine: Improving fundamentals in oil markets
Nam Cheong (Upgrade to BUY; TP: S$0.11) / Pacific Radiance (Upgrade to BUY; TP: S$0.40) / Keppel Corporation (HOLD; TP: S$5.60) / Triyards Holdings (BUY; TP: S$0.55)