China Merchants Bank Co (3968 HK)Current shareprice: HKD37.30Target price: HKD38.97Potential yield: +4.5% We maintain a BUY action on this counter. Let’s take a look at the insights of the bank. China Merchants Bank Co., Ltd. (the Bank) is a China-based commercial bank. The Bank operates its businesses through three segments, which are Wholesale Finance segment,…
Recent news:We understand that the government is committed to expedite projects such as Pan Borneo Highway Sabah (PBHS) and East Coast Rail Link (ECRL). Under Budget 2020, the government has allocated a substantial development expenditure of RM5b just to Sabah where about RM3b will be channelled for the PBHS portion from the central towards the…
Raffles Medical Group (RFMD SP) Current shareprice: SGD$1.00 Target price: SGD$1.05 Potential yield: +5% We maintain a BUY action on this counter. Let’s take a look at the insights of the healthcare company. Raffles Medical Group Ltd is an integrated healthcare provider, operating medical facilities in approximately 13 cities in Singapore, China, Japan, Vietnam and…
A strategic refinement of the truth by Ray Dalio? On the same day, CBS News reported that “indeed a large investment fund apparently had been buying up an unusual number of options in the past month that would pay off if the market dropped”, said Vineer Bhansali (CIO, Long Tail Alpha) to CBS Money Watch Friday.…
Sasseur REIT (SASSR SP)Current shareprice: SGD0.86Target price: SGD0.88Potential yield: +3% We maintain a BUY action on this counter. Let’s take a look at the insights of the real estate company. Sasseur Real Estate Investment Trust is a real estate investment trust established with the investment strategy of investing principally, directly or indirectly, in a diversified…
[SECTOR UPDATE: Plantation – Malaysia] Recent news:Malaysia Palm Oil Board (MPOB) reported palm oilinventory jumped to 2.4m tonnes as of end-Sep 19, within market expectations. Palm oil inventory level hit a five-month high on lower exports and CPO production. Decreased exports to China and India:Palm oil exports were at approximately 1.29m tonnes in Sep 19,…