Reuters: Hot Stocks: STOCKS NEWS ASEAN-Nomura raises target on DBS to S$17.30

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STOCKS NEWS ASEAN-Nomura raises target on DBS to S$17.30 Mar 13th 2012, 09:14 Tue Mar 13, 2012 5:14am EDT Nomura increased its target price on DBS Group Holdings Ltd , Southeast Asia's largest lender, to S$17.30 from S$15.80 after raising its earnings forecast for fiscal years 2012 to 2014 by 4-5 percent. DBS shares closed 0.6 percent higher at S$14.33. Nomura said DBS's net interest income growth in fiscal year 2012 is expected to remain strong as loan growth had upside potential on sustained regional credit demand and an increasingly diversified liquidity base. Net interest margins also had positive traction due to the stabilising Singapore dollar rates and rising U.S. dollar yields, Nomura said, adding that the bank's franchise restructuring initiatives launched in 2010 were maturing well. 1710 (0910 GMT) (Reporting by Eveline Danubrata in Singapore) Reuters Messaging rm://eveline.danubrata.thomsonreuters.com@reuters.net ********************************************************* 16:03 STOCKS NEWS ASEAN-Kim Eng says buy SingPost for dividend Maybank Kim Eng retained its buy rating on Singapore Post Ltd, driven by the company's attractive dividend yield of 6.4 percent and stable earnings history. Shares in SingPost, which provides postal and logistics services, were up 0.5 percent at S$0.975. SingPost's recent issue of S$350 million ($277 million) in perpetual securities commands the highest debt rating and its 4.25 percent coupon rate is the lowest, the brokerage said. "We believe this is an opportune time to remind investors of the company's financial strength and its core mail business's fundamental stability," it said. With the extra funds safely in its bag, this year may be a good time for management to reward shareholders with better-than-usual dividends, as SingPost is unlikely to use all of the funds raised for acquisitions, Kim Eng said. For a related statement, click: r.reuters.com/jav96s 1550 (0750 GMT) (Reporting by Eveline Danubrata in Singapore) Reuters Messaging rm://eveline.danubrata.thomsonreuters.com@reuters.net ********************************************************* 13:05 STOCKS NEWS ASEAN-UOB ups target on Singapore's Mapletree Logistics UOB Kay Hian raised its target price on Singapore's Mapletree Logistics Trust to S$1.05 from S$1.0 and maintained its buy rating. Mapletree Logistics shares were up 1.7 percent at S$0.925. On Monday, the company announced the acquisition of seven warehouse facilities in Japan from Goodman Japan Ltd for a total of 17.5 billion yen ($213 million). UOB Kay Hian said revenue contribution to Mapletree Logistics from Japan will rise to 29.4 percent from 24.1 percent following the acquisitions. It said the acquisitions offer a stabilised yield of 6.2 percent, higher than the current net property income yield of 5.6 percent for the company's existing Japan portfolio. 1233 (0433 GMT) (Reporting by Eveline Danubrata in Singapore) Reuters Messaging rm://eveline.danubrata.thomsonreuters.com@reuters.net ********************************************************** 12:45 STOCKS NEWS ASEAN-ThaiBev surges to record on strong volume Shares in Singapore-listed Thai Beverage PLC, Thailand's largest brewer and distiller, jumped as much as 9.5 percent to a record high on expectations of improved earnings. ThaiBev shares rose 6.4 percent to S$0.335, with more than 23 million shares traded, double its average full-day volume traded over the last five sessions. "There will be a recovery from the Thailand floods and furthermore, the impact on the company from the floods was not as bad as previously expected, which is a positive," said Sean Monaghan, an analyst at HSBC. Since Feb. 29, two out of five analysts have raised their 2013 earnings per share estimates on the company by 10.7 percent on average, according to Thomson Reuters data. Thai Beverage was among the five most actively traded stocks by volume in Singapore. 1216 (0416 GMT) (Reporting by Charmian Kok in Singapore) Reuters Messaging rm://charmian.kok.thomsonreuters.com@reuters.net ************************************************************ 11:47 STOCKS NEWS ASEAN-DBS raises Singapore's CH Offshore to buy DBS Vickers Securities upgraded Singapore's CH Offshore to buy from hold, citing an earnings recovery and compelling valuations. The brokerage raised its share price target on the provider of offshore vessels to S$0.50 from S$0.43. CH Offshore shares were up 5.5 percent at S$0.38. The brokerage said the company is expected to benefit from an improvement in the charter market, with its earnings set to bottom out in 2002 and recover 22 percent in 2013. 1125 (0325 GMT) (Reporting by Anshuman Daga in Singapore) Reuters Messaging rm://anshuman.daga.thomsonreuters.com@reuters.net ******************************************************** 10:12 STOCKS NEWS ASEAN-CIMB prefers Indonesian planters CIMB is recommending investors buy Indonesian planters on a potential bounce in crude palm oil prices in the second quarter. "Dwindling soybean stocks and higher crude oil prices could offset high palm oil stocks. We remain cautious on Malaysian players with downstream exposure," the brokerage said in a note. "Malaysian downstream producers have started to import processed palm oil from Indonesia due to their more competitive pricing. Unless the Malaysian government takes action, this situation is likely to intensify as more refining capacities come onstream in Indonesia in the middle of the year." CIMB has an outperform rating on Indonesian firms including BW Plantation and Sampoerna Agro, a trading buy on Sime Darby and Indofood Agri Resources and an underperform rating on IOI Corp, Kuala Lumpur Kepong and Genting Plantations. For a story on Malaysian palm oil, click 0945 local time (0145 GMT) (Reporting by Anshuman Daga in Singapore) Reuters messaging rm://anshuman.daga.thomsonreuters.com@reuters.net ********************************************************** 09:21 STOCKS NEWS ASEAN-Singapore healthcare REITs attractive-OCBC OCBC Investment Research said Singapore's healthcare real estate investment trusts (REIT) provide a safe shelter for investors as the macroeconomic environment remains uncertain, backed by their defensive income streams. First REIT and Parkway Life REIT are growing inorganically, and expanded their geographical footprint by penetrating into new markets recently, the brokerage said. "We expect further acquisitions to come as both REITs seek to leverage on the robust fundamentals in the regional healthcare scene," OCBC said in a note. It reiterated its overweight rating on healthcare REITs, and has a buy rating on First REIT with a target price of S$0.89. 0920 (0120 GMT) (Reporting by Charmian Kok in Singapore) Reuters messaging rm://charmian.kok.thomsonreuters.com@reuters.net ************************************************************ 08:50 RTRS-STOCKS NEWS ASEAN-Singapore index futures edge up Singapore MSCI March futures SSGc1 gained 0.4 percent, indicating a higher start for the Straits Times Index .FTSTI. Among other markets, MSCI's index of Asia Pacific shares outside of Japan .MIAPJ0000PUS was up 0.5 percent after slipping on Monday on concerns about a moderation in Chinese demand. The dollar hovered below an 11-month high against the yen on Tuesday and regional shares edged up, as investors awaited policy decisions by the Bank of Japan and the U.S. Federal Reserve. 0845 (0045 GMT) (Reporting by Anshuman Daga in Singapore) Reuters Messaging rm://anshuman.daga.thomsonreuters.com@reuters.net ($1 = 1.2614 Singapore dollars) Link this Share this Digg this Email Reprints

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