ramonam 
user profile for ramonam
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2009 topline supported by resilient office and retail incomeStrong, diversified portfolioNear term refinancing concerns removedBuy with TP $0.97Year of stability.The main message that emerged from the meetings was that FY2009 would be a stable year. Topline would be supported by positive office rental reversions and stable retail rental receipts. This would more than offset …
Results in line, expect a stronger 2H09.No change in forecasts or assumptions.Maintain HOLD, Target Price raised to S$0.38.Oceanus’ 2Q09 results were in line with our expectations.For 1H0 …
Improvement felt across development and recurrent operationsLeveraging on improved sentiment, bring forward launchesMaintain Hold with TP of $2.24Results ahead of expectations.Keppel Land reported a 10% yoy rise in net profit to $58.2m on a 34% jump in revenue to $250m. The better performance was due to strong development profits as the group moved 24 units ...
3.62 Scts DPU, higher than expectationsPortfolio occupancy levels likely to remain stableMaintain BUY, TP S$1.73 based on DCF- total return of 18%, backed by a stable 8% dividend yield1Q10 results ahead of projections.Distributable income grew by 18% to S$61m, (DPU of 3.62 Scts) ahead of projections, largely due to a better than expected operational performance. ...
Speculation rife on next potential for dual listing or privatization/relisting post China XLXWidest valuations gap noted in water and consumer stocks.Likely candidates are Epure and China …
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3Q12 below expectations on higher costs Expect lackluster 4Q earnings due to macro headwinds FY12/13F earnings cut by 12%/7%, but high cash level is eye candy for potential payout Maintain Hold, TP lowered to S$2.48 3Q12 weak on higher costs. 3Q12 net profit declined by 25% y-o-y to S$38.2m on flat revenue as expenses rose ...
Chongqing, touted as ‘the next Shanghai’ has been attracting new projects by prominent Asian property developers As an incumbent and early entrant, Ying Li is well positioned to ride on Ch …
Secures maiden drillship order from Petrobras worth US$792.5m; a major breakthrough for SMM Raise FY12F order wins to S$6bn; FY13F earnings raised by 4% Maintain BUY, TP lifted to S$5.75 Drillship breakthrough with Petrobras. SMM has secured a contract from Guarapari Drilling BV, Netherlands, a subsidiary of Sete Brasil Participacoes S.A., for the design and ...
4Q11 earnings should improve q-o-q with NIM reversion but loan growth will be slower 2012 outlook is challenging but there are bright spots Keeping our Buys on the Singapore banks; prefer OCBC to UOB at this juncture Loan growth to moderate, NIM to recover. After the strong loan growth of 8% per quarter in 2Q11 ...
Seeks approval to buy 50% stake in Chengdu Longemont Mall Attractive pricing, financing flexibility minimises risk, strong total return potential Maintain Buy and S$0.83 TP Acquiring Cheng …
Ipoh's Tau Fu Fah!