Reuters: Hot Stocks: STOCK NEWS ASEAN-Singapore's Goodpack offers upside-Kim Eng

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STOCK NEWS ASEAN-Singapore's Goodpack offers upside-Kim Eng Mar 12th 2012, 07:13 Mon Mar 12, 2012 3:13am EDT Maybank Kim Eng said Goodpack Ltd, which rents out intermediate bulk containers (IBCs) to companies globally, is expected to make more inroads in the auto sector after the Singapore firm announced a deal with General Motors this month. "We believe there is now no doubt about Goodpack's value proposition within the auto sector, with General Motors itself citing cost savings, lower risk of damage to parts being transported and environmental friendliness as some of the advantages in using Goodpack's IBCs," the brokerage said. Maybank Kim Eng raised its price target on Goodpack to S$2.65 from S$2.15 and retained its buy rating. It said with Goodpack's shares down 10 percent on a 12-month basis on concerns over the execution of its foray into the auto sector, the shares give investors a good chance to buy into the company's transformational growth story over the next few years. Goodpack shares were up 6.8 percent at S$1.74. For a company statement, click 1502 local time (0702 GMT) (Reporting by Eveline Danubrata in Singapore) Reuters Messaging: eveline.danubrata.reuters.com@reuters.net ************************************************************ 13:44 STOCKS NEWS ASEAN-DBS upgrades Singapore's Biosensors to buy DBS Vickers raised its rating on Singapore's Biosensors International Group Ltd BIOS.SI to buy from hold after a change in the company's management. It retained its target price of S$1.68. Biosensors said on Friday it had appointed Jack Wang as its chief executive officer, while Jeffrey Jump will be the president of its newly-created cardiovascular business unit. "From an organizational structure viewpoint, we see this as a positive step as the group prepares for its next phase of growth, possibly into other new business areas," DBS said. It said Biosensors' share price, which has fallen by about 15 percent since the brokerage's downgrade on Feb. 9, is trading at an attractive earnings multiple of 12.5 for 2013. For a related story, click: 1320 local time (0520 GMT) (Reporting by Charmian Kok in Singapore) Reuters Messaging: charmian.kok.reuters.com@reuters.net ************************************************************ 12:27 STOCKS NEWS ASEAN-DMG sets buy rating on Singapore's Healthway DMG & Partners Securities re-initiated coverage on Singapore's Healthway Medical Corp Ltd HEMC.SI with a buy rating, saying the group is on the road to sustainable growth. It set a price target of S$0.116. "Healthway Medical has recorded dismal earnings growth over the past two years. That is set to change, as management is now focusing more on achieving sustainable growth for its clinics," DMG said in a report. "Healthway's share price has been badly hit, when it could not meet expectations during the past year. We think it has reached its trough and it could be time to re-look this private healthcare provider that has a large network of primary and specialist clinics," DMG said. Healthway's shares were up 2.1 percent at S$0.09 and were the fifth most actively traded stock by volume. 1210 local time (0410 GMT) (Reporting by Anshuman Daga in Singapore) Reuters messaging anshuman.daga.thomsonreuters.com@reuters.net Link this Share this Digg this Email Reprints

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