Disclaimer 免責聲明

The views & opinions expressed are the dealers' own and they do not represent the views of UOBKH. The content is written in their personal capacity and is in no way related or associated to UOBKH. Please read disclaimer page here.

Friday, January 19, 2018

China Banks: Prefer CMB /ICBC

My view:

China-Bank-picks:
Theme: BUY-China-Banks-as-balance-sheet-strengthens

1. UOBKH research has OVERWEIGHT China Banks. BUY CCB and ICBC.

2. CBRC has reaffirmed its commitment to preventing financial risks by setting out eight tasks for 2018, including: a) strengthening corporate governance, b) regulating shareholders of banks, c) ensuring adherence to credit policy, d) controlling interbank and shadow banking activities, and e) proper recognition and disposal of NPLs. Large SOE banks would benefit and will have to shoulder greater responsibility in financing growth in the real economy.



Please contact us for the full version of this UOB Kay Hian research analyst report.

Thanks & Regards

Invest Stock - www.facebook.com/investstock
Any expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please read disclaimer page here.

Wednesday, January 17, 2018

Malaysia recent sell-off picks | Bumi Armada BAB /Gabungan AQRS AGRS /BAT ROTH

My view:
 
Mal-recent-selloff-picks:
 
Theme: Selective-stocks-for-the-picking
 
1. UOBKH Research reckons that its time to start BUYING post-recent market selloff. The recent share price retracement in growth stocks, primarily exporters (which are losers in a strong ringgit environment), creates good trading opportunities for selected stocks. We maintain our view for a broad market uptrend through 1Q18. Top picks among the recent sold-down stocks are Ann Joo, Bumi Armada, Gabungan AQRS, Globetronics, Inari and VS industry. Meanwhile, values are emerging for downtrodden BAT.


Please contact us for the full version of this UOB Kay Hian research analyst report.

Thanks & Regards

Invest Stock - www.facebook.com/investstock
Any expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please read disclaimer page here.

Tuesday, January 16, 2018

Singapore Aviation Picks | SIA SP - BUY as price turn-up

My view:

S'pore-Aviation-picks:

BUY:
1. SIA (SIA SP) Px/Tgt SGD11.07/11.90

Theme: Load-Factors-Up

1. UOBKH research has a BUY on SIA SP. Both pax and cargo load factors improved significantly in Dec 17 as SIA's parent airline and cargo load factors were the highest in more than 10 years. Pax traffic growth continued to outpace seat capacity growth across all sectors, and yields should improve as a result. Improved pax yields and higher load factors should lead to a better profit in 3QFY18. Maintain BUY. Target price: S$11.90.

Please contact us for the full version of this UOB Kay Hian research analyst report.

Thanks & Regards

Any expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please read disclaimer page here.

Friday, January 12, 2018

Malaysia Oil Play: Bumi Armada BAB /Serba Dinamik SDH /Sapura Energy SAPE /UMW O&G UMWOG

My view:

Mal-Oil-picks:

1. I agree with UOBKH Research to add on to positions in Oil stocks that have recovery prospects & take-profit on stocks that have questionable profit delivery sometime before their results in early Mar 18:

a. Add-On: BAB MK, SDH MK
b. Take-Profit end-Feb 18: SAPE MK, BARAKAH MK
c. Event-Play: UMWOG MK, REB MK, ICON MK, HIBI MK

2. UOBKH Research reckons that its better to be selective in BUYING Mal O&G stocks. The start of 2018 saw O&G stocks surged in unison on a market rally and higher oil prices. Such rally had occurred before but many stocks fell to new lows due to earnings disappointments. Given the low likelihood for positive earnings guidance so soon, we caution that the same value trap may happen ahead of results (Sapura, Barakah). We continue to like Bumi Armada and Serba for their earnings re-rating. Other ideas include UMWO&G, Icon and Reach Energy. Maintain MARKET WEIGHT.


Please contact us for the full version of this UOB Kay Hian research analyst report.

Thanks & Regards

Any expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please read disclaimer page here.

Tuesday, January 02, 2018

Keppel Corp (KEP SP) | Time to buy now!

My view:

S'pore-Shipyard-pick:

KEP SP:
Px/Tgt: SGD7.35/8.75

SMM SP:
Px/Tgt: SGD1.84/2.10

1. I would be a CONVICTION BUYER on KEP SP nearer SGD7.00 as share price is trading at previous sgd7.35 support level although I prefer it to cover the sgd6.70 gap.

2. UOBKH Research is a tad upbeat on KEP SP. The last week of 2017 saw a tumult of good and bad news. The global settlement for KEP while hefty provides a cleaner proxy to the growing rig market recovery. A divestment of its stranded rig assets will be a re-rating catalyst. Meanwhile, the possibility of a similar fine for SMM is estimated to have a negative 17% impact to its book value. SMM finds a new overhang even as it clears one from West Rigel. We adjust KEP's target price to S$8.75, while that for SMM and SCI remain unchanged. Maintain MARKET WEIGHT.



Please contact us for the full version of this UOB Kay Hian research analyst report.

Thanks & Regards,

Invest Stock - www.facebook.com/investstock
Any expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please read disclaimer page here.

Ad