LIM & Tan Securities on Monday (Nov 28) initiated coverage on Innotek, a precision metal components manufacturer, with “buy” and a target price of S$0.60.

PRECISION metal components manufacturer InnoTek has fallen on hard times. Its share price, buoyed last year by expectations that the company would be able to grow its sales to Chinese electric vehicle manufacturers, has more than halved over the past year.

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 15):

INNOTEK issued a profit guidance for its financial performance for the first half of FY2022 to June, as higher operating costs and customers’ operations disrupted by Covid-19 prevention measures hit its bottom line.

UOB Kay Hian’s analyst Adrian Loh as well as the Singapore research team has maintained their earnings per share (EPS) estimates for the FY2022 on all of the constituents in the Straits Times Index (STI) that are under their coverage.The team has given “buy” calls to all the counters, which in...

The benchmark Straits Times Index (STI) is expected to reach 3,500 points by the end of 2022, according to UOB Kay Hian analyst Adrian Loh and the Singapore research team. Loh’s estimate implies a 13% upside from the STI’s current levels It also underlines his underlying bullishness or the year ...

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.