UOB Kay Hian Research has added OCBC Bank to its alpha picks portfolio for the month of January. The move comes after the team’s portfolio saw a flat month in December, which stood 0.2% higher month-on-month (m-o-m), compared to the benchmark Straits Times Index’s (STI), which grew 2.7% m-o-m. �...

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 ...

Civmec – a construction and engineering services provider in Australia – has been issued a notice of award as well as several other projects for a combined value of A$1.15 billion ($1.12 billion). The notice of award is for the Mount Holland lithium project in Western Australia, which will be un...

As a leading contractor with a huge orderbook in defence and commodity sectors, Civmec is on track for record earnings in FY2022, says UOB Kay Hian Research analyst John Cheong. In an Oct 18 note, Cheong is initiating coverage on Civmec with a “buy” call and a target price of 98 Singapore cents,...

UOB Kay Hian (UOBKH) believes the market had overlooked Civmec's defence business potential, as it forecasts record earnings for the company backed by a A$1 billion (S$1 billion) order book.

KGI Securities analyst Megan Choo has reiterated her “outperform” rating for Civmec with a higher target price of 90 cents, up from 86 cents previously, in a Sept 8 research note. The revised target price follows Civmec’s “outstanding” FY2021 ended June results, where its full-year earning...

Civmec Limited has reported earnings of A$19.7 ($19.4 million) million for the 2HFY2021 ended June, more than double the earnings of A$9.5 million reported in the same period the year before. This brings earnings for the FY2021 to A$34.8 million, up 97.7% y-o-y. Earnings per share (EPS) for the 2HFY...

KGI Securities has initiated coverage on Civmec with an “outperform” rating and target price of 86 cents. This comes after the engineering service provider, which operates in the oil and gas, metals and minerals, and defence and infrastructure sectors, posted a stellar set of 9MFY2021 results en...

Civmec Limited has reported earnings of A$8.9 million for the 3QFY2021 ended March, 121.9% higher than earnings of $4 million in the year before. Earnings for the 9MFY2021 stood at A$24.0 million, 99.1% higher than earnings of A$12 million. In its business update for the 3QFY2021, the group saw sale...

Civmec, which provides heavy engineering and construction services, is seeing a turnaround as the worst of the pandemic, which disrupted the flow of supplies, manpower and projects, appears to be over. For 1HFY2021 ended December 2020, the Australia-based firm reported revenue of A$306 million ($...