ANALYSTS SAY: Buy, Sell, Hold (17 June)

buy sell hold 2021

CGS-CIMB	MAYBANK KIM ENG
AEM Holdings Ltd Adding capacity for growth ■ AEM announced its expansion plans today (16 Jun 2022) that will more than double its current manufacturing space in Malaysia, US and Singapore. ■ We also note the successful conclusion of new product developments such as a CMOS testing solution with UTAC and AEM’s own Trident platform. ■ We reiterate our Add call with a TP of S$6.85. Read more...	KPJ Healthcare (KPJ MK) Tailwinds intact despite taking more time; U/G to BUY Upgrade to Buy following share price decline We tactically upgrade KPJ to BUY with an unchanged SOP-derived TP of MYR1.01, following its underperformance against the broader market. The abating COVID-19 situation, coupled with various management initiatives to drive margin expansion i.e. streamlining cost management, adoption of technology, as well as disposal of underperforming assets, could be the catalysts for the stock to re-rate, in our view. The stock is currently trading below its PBV and EV/EBITDA 5-year means. Read more...
UOB KH
Marco Polo Marine - Beneficiary of higher activity in the offshore sector. (MPM SP/BUY/S$0.028/Target:S$0.043) The rationalised oil & gas offshore support industry has shown resilience over the COVID-19 pandemic. Channel checks suggest vessel utilisation has been improving, helped by minimal newbuilds and increased offshore activity in the region. MPM will benefit from positive operating leverage from higher charter and utilisation rates and a lean operating structure. Maintain BUY with a higher target price of S$0.043 (from S$0.038), after rolling forward the valuation base year to FY23. Read more.

Counter Name	Last	Change
AEM Holdings	2.370	0.030
Best World	2.460	-
Boustead Singapore	0.945	-0.015
Broadway Ind	0.133	-
China Aviation Oil (S)	0.920	-0.005
China Sunsine	0.420	0.005
ComfortDelGro	1.480	-
Delfi Limited	0.895	-
Food Empire	1.260	-
Fortress Minerals	0.300	-0.005
Geo Energy Res	0.305	-0.005
Hong Leong Finance	2.500	-
Hongkong Land (USD)	3.140	0.020
InnoTek	0.550	0.030
ISDN Holdings	0.305	-0.005
ISOTeam	0.044	0.001
IX Biopharma	0.042	0.001
KSH Holdings	0.250	-
Leader Env	0.047	-0.004
Ley Choon	0.045	-
Marco Polo Marine	0.067	-
Mermaid Maritime	0.139	-0.001
Nordic Group	0.305	-0.005
Oxley Holdings	0.088	-0.001
REX International	0.133	-0.003
Riverstone	0.795	-0.020
Southern Alliance Mining	0.430	-
Straco Corp.	0.485	-0.025
Sunpower Group	0.210	0.005
The Trendlines	0.067	-
Totm Technologies	0.022	-
Uni-Asia Group	0.820	-0.005
Wilmar Intl	3.470	-0.030
Yangzijiang Shipbldg	1.740	-0.010

Counter Name

Last

Change

AEM Holdings

2.370

0.030

Best World

2.460

Boustead Singapore

0.945

-0.015

Broadway Ind