Reuters: Hot Stocks: STOCKS NEWS SINGAPORE-Cordlife shares expensive-Kim Eng

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STOCKS NEWS SINGAPORE-Cordlife shares expensive-Kim Eng Apr 4th 2012, 04:04 Wed Apr 4, 2012 12:04am EDT Cord blood and tissue banking service provider Cordlife Group Ltd looks expensive versus peers after its shares surged 37 percent from their issue price on the first day of trading, Maybank Kim Eng said. Cordlife trades at 20 times its price-to-earnings ratio for the year ended June 2011, compared to 10-11 times for China Cord Blood Corp and Cryosite Ltd, the broker said. "We believe that share price may start to retreat after the initial euphoria," it said in a note. Cordlife's shares were 0.7 percent lower at S$0.73, but are 47 percent above the IPO price of S$0.495. Kim Eng said Cordlife generates a stable annual cash flow of about S$5 million, and may acquire businesses in developing markets as it has the right of first refusal to buy Australia's Cordlife Ltd cord blood banking operations in Indonesia, the Philippines and India. For related story, click: 1140 (0340 GMT) (Reporting by Leonard How in Singapore; leonard.how@thomsonreuters.com) ************************************************************ STOCKS NEWS SINGAPORE-DBS likes recovery plays, offshore stocks DBS Vickers advised investors in the small and mid-cap sector to pick recovery plays and stocks with strong ASEAN domestic consumption drivers, as well as offshore and marine stocks benefiting from high oil prices. So far this year, the FT ST Small Cap index has risen 18 percent, while the FT ST Mid Cap has added 19 percent, outperforming a 14 percent gain in the broader Straits Times Index. DBS favoured electronics firm Venture Corp Ltd, vegetable processor China Minzhong Food Corp Ltd and budget carrier Tiger Airways Holdings Ltd. "With crude oil hovering over US$120 a barrel, the most obvious way to play oil is to buy oil-related equities benefitting from higher crude price and the resulting surge in offshore support activities," the brokerage said in a note. Ezion Holdings Ltd, CH Offshore Ltd and ASL Marine Holdings Ltd are its top picks in the sector. 1050 (0250 GMT) (Reporting by Eveline Danubrata in Singapore; eveline.danubrata.thomsonreuters.com) ********************************************************** 10:06 STOCK NEWS SINGAPORE-Three stocks set to gain from Myanmar-DMG Broker DMG & Partners Securities said Singapore-listed petroleum firm Interra Resources Ltd, property developer Yoma Strategic Holdings Ltd and instant coffee maker Super Group Ltd could offer investors opportunities in slowly re-emerging Myanmar. On Wednesday, Yoma shares were traded at S$0.495, Interra S$0.325 and Super S$1.86. "The lifting of sanctions could boost regional growth and intra-ASEAN trade and investment. In addition, the domestic consumer market is expected to grow rapidly, creating a fast-growing market for exports of goods and services," DMG said. The broker maintained a buy rating and a S$2.08 target price on Super. Myanmar President Thein Sein said on Tuesday landmark by-elections at the weekend, swept by pro-democracy leader Aung San Suu Kyi's party, were carried out successfully. That signalled acceptance of a result that will boost the political clout of his party's biggest rival. 0939 (0139 GMT) (Reporting by Eveline Danubrata in Singapore; eveline.danubrata.thomsonreuters.com) ********************************************************** 8:41 STOCK NEWS SINGAPORE-Singapore index futures slip Singapore index futures fell 0.2 percent on Wednesday, indicating a lower start for the benchmark Straits Times Index. Asian shares eased on Wednesday after the minutes from the U.S. Federal Reserve's March meeting suggested that further stimulus measures were less likely, leaving investors looking for more clues over the global growth outlook. 0837 (0037 GMT) (Reporting by Eveline Danubrata; Editing by Paul Tait) Link this Share this Digg this Email Reprints

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