Riverstone Holdings Ltd: Wearing Success
Riverstone Holdings Ltd has been spotlighted with a “BUY” recommendation by OCBC Investment Research. The company, trading under the ticker RSTON SP, has been praised for its strategic market positioning. The fair value has been set at SGD 1.16, reflecting the firm’s robust ability to capitalize on market demands, especially in the healthcare sector. Riverstone’s consistent growth trajectory makes it a compelling choice for investors seeking stability and long-term gains.
China Longyuan Power: Balancing Solar Growth and Wind Efficiency
China Longyuan Power has garnered mixed reactions, with a “BUY” recommendation for its Hong Kong listing (916 HK) and a “HOLD” for its Chinese listing (001289 CH). The company’s strategic focus on balancing solar expansion with wind energy efficiency underpins its market strategy. A fair value of HKD 8.40 for the Hong Kong market and CNY 18.00 for the Chinese market highlights its potential for growth amidst emerging renewable energy trends.
Bank of China (Hong Kong): Solid Earnings Growth
Bank of China (Hong Kong) is positioned as a promising investment with a “BUY” rating. Trading under the ticker 2388 HK, the bank is recognized for its solid earnings growth, supported by a fair value of HKD 30.50. This showcases its strong financial health and ability to withstand market fluctuations, making it a stable choice for investors looking for reliable financial sector exposure.
Singapore Post: Proposed Divestment of Australia Business
Singapore Post, referenced with the ticker SPOST SP, is recommended with a “HOLD” rating. The company’s strategic move to divest its Australian business is seen as a pivotal step in refocusing its core operations. With a fair value pegged at SGD 0.58, this decision is anticipated to streamline operations and potentially unlock newer growth avenues in its existing markets.
Singapore REITs: Loosening of Leverage and Interest Coverage Ratio Requirements Enacted
The Singapore REITs sector has undergone significant regulatory changes, with the easing of leverage and interest coverage ratio requirements. This move is expected to enhance flexibility for REITs, paving the way for strategic growth opportunities and potentially boosting investor confidence in this asset class.
Nanofilm Technologies International Ltd: A Thawing Winter
Nanofilm Technologies International Ltd, under the ticker NANO SP, holds a “HOLD” rating with a fair value of SGD 0.760. Despite facing challenges, the company is set to harness its innovative strengths to weather market adversities, positioning it for potential recovery and future growth.
Shanghai Pharmaceuticals Co. Ltd: Distribution Business Outperformed
Shanghai Pharmaceuticals Co. Ltd has been rated a “BUY”, with its Hong Kong listing (2607 HK) and Chinese listing (601607 CH) both showing promising prospects. The company is celebrated for its outperforming distribution business, with fair values set at HKD 18.15 and CNY 25.29 respectively, marking it as a formidable player in the pharmaceutical distribution sector.
CNOOC Ltd: Steadfast Commitment to Growth and Efficiency
CNOOC Ltd, trading under the ticker 883 HK, is endorsed with a “BUY” rating. The company’s unwavering focus on growth and operational efficiency has earned it a fair value of HKD 23.44, making it an attractive option for investors seeking exposure to the energy sector.
KE Holdings Inc: Subdued 3Q24 Results but Expect Strong Sequential Improvement Ahead
KE Holdings Inc has a promising outlook with a “BUY” recommendation for both its Hong Kong (2423 HK) and U.S. (BEKE US) listings. Despite subdued third-quarter results, the company is anticipated to show strong sequential improvement, supported by fair values of HKD 78.25 and USD 30.10, respectively, indicating robust market potential.
Thai Beverage: Signs of Improvement for a Better FY25
Thai Beverage, listed as THBEV SP, is marked with a “BUY” rating and a fair value of SGD 0.69. Signs of operational improvement suggest a promising fiscal year ahead, making it a worthwhile consideration for investors interested in the beverage sector.
Alphabet Inc: Remedy Proposals by DOJ Likely More Aggressive than Expected; Google to Respond Next
Alphabet Inc, under the tickers GOOGL US and GOOG US, receives a “BUY” rating with a fair value of USD 211.00. With the DOJ’s proposals potentially being more aggressive than anticipated, Google’s forthcoming responses are eagerly awaited, presenting potential opportunities for strategic adjustments and growth.
CapitaLand Investment Ltd: Investor Day a Showcase of Building Blocks for Future Growth
CapitaLand Investment Ltd, trading as CLI SP, is recommended with a “BUY” rating and a fair value of SGD 3.93. The company’s recent Investor Day highlighted its strategic plans and growth initiatives, positioning it as a strong contender in the real estate investment landscape.
PropNex Ltd: A Stronger 2H24 Indeed
PropNex Ltd, under the ticker PROP SP, is advised with a “HOLD” rating and a fair value of SGD 0.960. The company’s robust performance in the second half of 2024 reflects its ability to adapt and thrive in a competitive real estate market.
First Solar Inc: Mixed Prospects Under New Administration but Structural Drivers Remain
First Solar Inc, trading as FSLR US, holds a “BUY” rating with a fair value of USD 297.00. While the new administration presents mixed prospects, the company’s structural drivers remain intact, offering a strong foundation for future growth in the solar energy sector.
Xiaomi Corp: Strong 3Q24; EV Margin Another Beat
Xiaomi Corp, with the ticker 1810 HK, is rated “BUY” with a fair value of HKD 35.50. The company’s exceptional third-quarter performance and impressive EV margin underscore its competitive edge in the technology and consumer electronics market.
Frencken Group: Cultivating Growth Levers to Position for a Turnaround
Frencken Group, under the ticker FRKN SP, receives a “BUY” recommendation with a fair value of SGD 1.42. The company’s efforts to cultivate growth levers are set to position it for a strategic turnaround, enhancing its value proposition to investors.
PetroChina Co Ltd: Gas Pricing Reform Continues
PetroChina Co Ltd is advised with a “BUY” rating, with its Hong Kong (857 HK) and Chinese (601857 CH) listings showing promising potential. The ongoing gas pricing reform is expected to drive growth, with fair values of HKD 8.51 and CNY 11.10, respectively.
Singapore Exchange Ltd: Strong Derivatives Momentum to Sustain Earnings Growth
Singapore Exchange Ltd, listed as SGX SP, is recommended with a “HOLD” rating and a fair value of SGD 12.21. The company’s strong derivatives momentum is anticipated to sustain its earnings growth, offering a stable investment opportunity.
Trip.com: Travel Momentum Continues
Trip.com, trading under the tickers 9961 HK and TCOM US, is marked with a “BUY” rating. With fair values of HKD 677.00 and USD 87.00, respectively, the company continues to benefit from strong travel momentum, making it a favorable choice for investors seeking exposure to the travel industry.
Jiangxi Copper Co Ltd: Below Expectations
Jiangxi Copper Co Ltd is advised with a “BUY” rating despite recent performance falling below expectations. The company’s Hong Kong (358 HK) and Chinese (600362 CH) listings have fair values of HKD 21.00 and CNY 27.80, suggesting potential for recovery and growth.
