Friday, August 20, 2010

Banks and conglomerates - Nomura

Stocks for action Banks and conglomerates are reasonably valued and offer EPS growth along with high dividend yields. We include stocks that could rerate on stock-specific drivers over the next two quarters.
Stock Rating Price Price target

OCBC (OCBC SP) BUY 8.65 11.80

Fraser & Neave (FNN SP) BUY 5.59 6.55

Keppel Corp (KEP SP) BUY 8.76 11.00

ST Engineering (STE SP) BUY 3.19 3.90

SATS (SATS SP) BUY 2.77 3.40

Noble Group (NOBL SP) BUY 1.66 2.10

Keppel Land (KPLD SP) BUY 3.84 4.68

Biosensors (BIG SP) BUY 0.80 1.20

Venture Corp (VMS SP) BUY 8.85 11.50

Pricing as of 17 August, 2010; local currency

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