Software company Silverlake Axis, a regular at the Billion Dollar Club, is back as the winner delivering the most weighted ROE for this industry category. It was named overall sector winner as well. The company, with three decades of history, is famous for providing software and related IT services ...

UOB Kay Hian analyst John Cheong is upbeat on InnoTek’s prospects coming off its 1HFY2021 ended June results. He has maintained his “buy” call for the counter with an unchanged target price of $1.20. Cheong notes that InnoTek’s 1HFY2021 earnings of $7.2 million were in line with his estimate...

UOB Kay Hian has added Genting Singapore to its Alpha Picks after the portfolio saw a flat performance for the month of July versus the Straits Times Index (STI). “On both price- and market cap-weighted basis, our Alpha Picks portfolio rose 1.3% and 1.5% respectively and was in line with the STI�...

UOB Kay Hian’s Singapore research team has given “buy” ratings for all of the tech manufacturers under its coverage. In an Aug 4 report, the brokerage said industrial production in Singapore and Malaysia showed a strong double-digit yoy recovery in 2Q2021. As such, this should benefit the manu...

During the 1H2021, institutional investors were net buyers in the financial sector, while retail investors were net sellers, according to UOB Kay Hian analyst Adrian Loh and the Singapore research team. Financials took up four of the top five stocks bought by institutional investors. Yangzijiang, th...

UOB Kay Hian has added NYSE-listed Sea Limited and transport operator ComfortDelGro (CDG) to its Alpha Picks for the month of June after its portfolio beat the benchmark Straits Times Index (STI) in May with a 1.5% month-on-month (m-o-m) decline compared to the latter’s 1.7% m-o-m decline. “Foll...

UOB Kay Hian reports a divergence in institutional and retail investors' behaviour in May, while the Straits Times Index (STI) saw an overall “stable” month after picking up from a mid-month dip to 3,032 to close at 3,164 on May 31. According to analyst Adrian Loh and the Singapore research team...

KGI Securities has raised its target price for InnoTek Limited to S$1.12 from S$0.73 previously with an unchanged "outperform" rating, after hiking its valuation on the stock and rolling forward estimates to base them on FY2022 projections.

KGI’s Kenny Tan has given an “outperform” rating to Innotek with a target price of $1.12, up from his previous target price of 73 cents. The company has posted FY2020 results that Tan describes as “another show of resilience” and “above KGI’s expectations”. In a May 21 report, he poi...

Photo: The Edge Singapore The impact of the heightened Phase 2 restrictions will be short-lived for now, given that it is slated to end in mid-June, says UOB Kay Hian analyst Adrian Loh and the Singapore research team. This is also based on the assumption that the number of community infections in S...