RHB Group Research analyst Jarick Seet has maintained his ‘overweight’ rating for small-cap and mid-cap Singapore stocks on the back of continued recovery prospects and a strong outlook for the semiconductor sector. His top picks for small- and mid-cap stocks are Food Empire Holdings and HR...

RHB Group Research’s Jarick Seet has downgraded his rating on Singapore’s technology sector from “overweight” to “neutral”, saying that he is “selectively positive” on the sector.  Seet is of the view that the semiconductor industry – which did well in FY2020 – should contin...

CGS-CIMB Research’s William Tng has maintained his “add” call on Fu Yu Corp and raised his target price to 35.5 cents, up from his previous figure of 28.8 cents.    Tng said that the company’s FY2020 revenue, which came in 15.9% lower y-o-y at $81.9 million was “in line” with h...

Fu Yu Corporation reported 2HFY2020 earnings of $9.5 million, 24.7% higher than earnings of $7.6 million a year ago. For the FY2020, the manufacturer of precision plastic parts saw 33.3% higher earnings of $16.9 million from $12.7 million. 2HFY2020 earnings per share (EPS) for the period ended Dec 3...

Within the STI, United Overseas Bank, OCBC and Wilmar International have seen the highest net institutional inflows in the 2021 year to Feb 18, while outside the STI, the highest net institutional inflows remained drawn to technology trio Fu Yu Corporation, AEM Holdings and UMS Holdings. Among the b...

FOR the five local trading sessions that spanned Jan 29 to Feb 4, the Straits Times Index (STI) declined 0.5 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 1.4 per cent gain. Within the STI, UOB Bank, Wilmar International and OCBC have seen the highest net inst...

FOR the five local trading sessions that spanned Jan 22 to 28, the Straits Times Index (STI) declined 3.2 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index also averaging a 3.2 per cent decline. This has brought the STI's total return for the 2021 year to Jan 28 to 2.7 per ce...

RHB Group Research’s Jarick Seet has maintained his “buy” call and raised his target price for Fu Yu Corp to 33 cents from his previous figure of 30 cents.  He highlighted the leadership shake up that took place at Fu Yu on Jan 22, which saw its trio of co-founders retire after 42 years, ...

Cashed-up buyers, low liquidity and bashed-up valuations for cyclicals are driving Singapore’s economy, particularly leading to a wave of privatisation here, say CGS-CIMB Research analysts Lim Siew Khee and Cezzane See. Lim and See’s Jan 22 note comes on the back of a “flurry” of corporate t...

THE following companies saw new developments that may affect trading of their shares on Monday.