CGS-CIMB analyst William Tng says he is “positive” on the outlook for the tech sector in 2021. This, he says, is due to the acceleration of digitalisation of many work processes during the Covid-19 pandemic, which has led to higher demand for IT-related infrastructure. “At the same time, there...

RHB analyst Jarick Seet has maintained his “buy” call on Venture Corp with an unchanged target price of $22.60, as the company has continued its recovery trajectory, which is in line with the brokerage’s estimates. “Management expects to deliver a stronger 2HFY2020 vs 1HFY2020 – provided C...

Maybank Kim Eng analyst Lai Gene Lih is recommending Hi-P International’s investors to accept the $2 per share privatisation offer tabled on Dec 18 by chairman Yao Hsiao Tung. The offer price is 10.5% above Hi-P’s last traded price of $1.81 before the offer was announced on Friday morning. The $...

At the risk of sounding obvious, 2020 has not been a normal year. That is why we are organising the annual Billion Dollar Club differently although we wish we could have a physical event so that we can meet our winners in person, congratulate them, greet old friends and make new ones. Nonetheless, t...

Just like how Venture Corporation dominated this industry sector for the Billion Dollar Club, AEM Holdings similarly held sway in the Centurion Club. It is being ranked top for returns to shareholders and for weighted return on equity, and is overall sector winner. Valuetronics Holdings’ win in gr...

Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in the city-state. The Southeast Asian market has had three distinct developments to show for it, all within a span of a month or so. Put together, companies tied to...

With a viable Covid-19 vaccine seemingly just around the corner, global investors are increasingly switching out of growth plays towards value stocks. Despite signs of optimism in market laggards, UOB KayHian analyst Adrian Loh urges investors to buy into blue chips with strong financials and divide...

As Singapore’s economy show signs of a strong turnaround in 3Q2020, economists from CGS-CIMB Research and DBS Group Research say the republic is on track to recovery and to meet its full-year GDP forecasts. The buoyant outlook comes as Singapore’s Ministry of Trade and Industry (MTI) revealed on...

UOB Kay Hian analysts Llelleythan Tan and John Cheong have initiated coverage on InnoTek with a “buy” call and price-to-earnings (PE) based target price of 82 cents, representing a 54.5% upside on its last-traded share price of 53.5 cents. The Mainboard-listed precision metal parts manufacturer,...

Analysts are positive on Venture Corporation’s outlook as it is poised for a steady recovery. This came despite Venture reporting a 5.9% y-o-y drop in its latest 3QFY2020 earnings on Nov 6 to $80.2 million. Revenue also saw a 5.8% y-o-y dip to $818.4 million. The company attributes the growth to s...