PHILLIP SECURITIES |
CGS-CIMB |
Singapore REITs Monthly – Temporary pain; impending rally Recommendation: OVERWEIGHT (Maintained)
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APAC Realty Ltd |
KGI |
MAYBANK KE |
UnUsUaL Limited (UNU SP/UNUS.SI)Novem Acquisition to boost top and bottom-line growth
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ViTrox Corp (VITRO MK) ABI segment resumes growth trajectory Mixed developments in 2Q22, but thesis intact Despite potential hiccups in ViTrox’s MVS segment from subdued Chinese demand, the ABI segment is expected to fare sequentially better in 2Q22 following the resolution of supply bottlenecks last month. Our BUY call, TP (pegged to 41x FY23 PER, at +1SD to the 5Y mean) and earnings forecast are maintained. ViTrox remains our top MY ATE pick owing to its dominant position in machine vision tech, diversified customer base and exposure to high-growth sectors such as EVs/5G/IR4.0; accumulate on weakness. Read more.. |
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