Reuters: Hot Stocks: STOCKS NEWS ASEAN-DBS prefers diversified Singapore property plays

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

STOCKS NEWS ASEAN-DBS prefers diversified Singapore property plays Mar 19th 2012, 04:44 Mon Mar 19, 2012 12:44am EDT With private home sales for the first two months in Singapore already breaching 4,200 units, or one-third of DBS Vickers' full year estimate, the broker said the risk of a policy overhang had increased. DBS highlighted shopping centre developer CapitaMalls Asia , CapitaLand Ltd, and Global Logistic Properties Ltd as its top picks, citing their inexpensive valuations and leadership in their respective markets. Additionally, home sales in March are likely to be good as well, with at least four mass to mid-market projects up for launch, DBS said. "Given the higher risk in the residential sector now, we would avoid stocks with greater residential exposure and prefer those with non-residential or diversified focus," it said. DBS has a hold rating on SC Global Developments Ltd and Ho Bee Investment Ltd. For a related story, click For details on February private unit sales, click: link.reuters.com/naj27s 1240 (0440 GMT) (Reporting by Charmian Kok in Singapore) Reuters messaging rm://charmian.kok.thomsonreuters.com@reuters.net ************************************************************ 11:51 STOCKS NEWS ASEAN-CIMB upbeat on offshore and marine sector CIMB Research is seeing shoots of recovery in the offshore support vessel (OSV) sector as more new rigs intensify demand. "With fleet growth coming to an end, we see OSV supply tightening in 2012," the brokerage said and kept its overweight rating on the offshore and marine sector. STX OSV Holdings Ltd STXO.SO and Ezra Holdings Ltd EZRA.SI are CIMB's top picks, given their global exposure and links to the North Sea. It raised its target price on STX OSV to S$2.02 from S$1.78. CIMB sad it was generally more positive on Singapore vessel owners than shipyards as improving utilisation in the early phase of this upcycle should have an immediate impact on their profitability. CIMB has an outperform rating on Ezra, Ezion Holdings Ltd EZHL.SI, Mermaid Martime PCL MMPC.SI and Swiber Holdings Ltd SWBR.SI, STX OSV and ASL Marine Holdings ASLM.SI. It has an underperform rating on Otto Marine Ltd OTTO.SI. 1140 (0340 GMT) (Reporting by Mark Tay in Singapore) Reuters messaging mark.tay.thomsonreuters.com@reuters.net ************************************************************ 09:56 STOCKS NEWS ASEAN-CDL Hospitality to gain from strong tourism-OCBC Singapore's CDL Hospitality Trusts CDLT.SI, which owns hotels, is well positioned to benefit from growing tourism in Singapore as well as stronger revenue for high-end hotels, OCBC Investment Research said. It maintained its buy rating and a target price of S$2.00 for CDL Hospitality. Shares in the units were up 1.4 percent at S$1.785, and have gained 15.5 percent this year. "Many of the visitors from developing countries are not budget travelers," said OCBC, highlighting that the revenue per available room (RevPAR) for high-end hotels in Singapore outperformed budget hotels in January. Overall, RevPAR for Singapore hotels rose 11.7 percent in January from a year ago, while visitor arrivals grew 13.4 percent, data from the Singapore Tourism Board shows. "With the majority of its revenue coming from high-end Singapore hotels, CDL Hospitality Trusts will continue to be a beneficiary of the blossoming tourism industry," OCBC said. 0940 (0140 GMT) (Reporting by Charmian Kok in Singapore) Reuters messaging charmian.kok.thomsonreuters.com@reuters.net ************************************************************ Singapore MSCI March futures SSGc1 rose 0.2 percent on Monday, signaling a positive start for the Straits Times Index .FTSTI. Asian shares edged higher and the dollar was firm against the yen on Monday with investors buoyed by the U.S. market hitting an almost four-year high last week and by higher European stocks reflecting signs of growing stability in the euro zone. 0838 (0038 GMT) (Reporting by Charmian Kok in Singapore) Reuters messaging charmian.kok.thomsonreuters.com@reuters.net Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions