Showing posts with label Kim Eng. Show all posts
Showing posts with label Kim Eng. Show all posts
Tuesday, September 7, 2010
HOT STOCK - KIM ENG says SPH - Money Mind
HOT STOCK - KIM ENG says SPH is on course to report a record net profit for FY Aug10 when it announces its full-year results, likely on 12 October. Our page count shows that sales growth in the fourth quarter moderated somewhat, but the Singapore growth story will continue to sustain print advertising demand. Catalysts lie on the property front. BUY with a target price of $4.62. - KIM ENG
HOT STOCK: KIM ENG says Eratat Lifestyle - Money Mind
HOT STOCK: KIM ENG says Eratat Lifestyle recently held its annual Spring/Summer 2011 trade fair to showcase its latest designs to its distributors. Response has been very positive with new products generally able to command higher ASPs. We see a favorable risk-to-reward ratio as the stock is now trading at only 4x FY10 PER, a steep discount to China Hongxing of over 20x.
Tuesday, August 24, 2010
Singapore lifts ban on brokers on sale of structured notes
Reuters - 2 hours 27 minutes agoSend IM Story Print
SINGAPORE, Aug 24 - Singapore's central bank lifted a ban on the sale of structured notes for six brokerages on Tuesday after they complied with the regulator's orders.
The ban was imposed last year after a probe into the sale and marketing of the derivatives linked to failed Wall Street bank Lehman Brothers.
The brokerages are CIMB Securities Pte Ltd, DMG & Partners Securities Pte Ltd, Kim Eng Securities Pte Ltd, OCBC Securities Pte Ltd, Phillip Securities Pte Ltd and UOB Kay Hian Pte Ltd, the Monetary Authority of Singapore said in a statement.
The central bank said the six financial institutions have publicly pledged to implement various measures to ensure these products are fairly marketed and sold to retail investors. "These include stepping up training and supervision of their staff and enhancing the policies and procedures on their sales and advisory process, it said.
Thousands of Singapore investors lost money in 2008 after they bought risky derivatives linked to the collapsed U.S. investment bank that had been marketed as relatively safe alternatives to fixed deposits, sparking several protests in the tightly controlled city-state. [ID:nSIN22393]
Under MAS' directions, the financial institutions were required to appoint an external person to review their action plan and report on its implementation.
SINGAPORE, Aug 24 - Singapore's central bank lifted a ban on the sale of structured notes for six brokerages on Tuesday after they complied with the regulator's orders.
The ban was imposed last year after a probe into the sale and marketing of the derivatives linked to failed Wall Street bank Lehman Brothers.
The brokerages are CIMB Securities Pte Ltd, DMG & Partners Securities Pte Ltd, Kim Eng Securities Pte Ltd, OCBC Securities Pte Ltd, Phillip Securities Pte Ltd and UOB Kay Hian Pte Ltd, the Monetary Authority of Singapore said in a statement.
The central bank said the six financial institutions have publicly pledged to implement various measures to ensure these products are fairly marketed and sold to retail investors. "These include stepping up training and supervision of their staff and enhancing the policies and procedures on their sales and advisory process, it said.
Thousands of Singapore investors lost money in 2008 after they bought risky derivatives linked to the collapsed U.S. investment bank that had been marketed as relatively safe alternatives to fixed deposits, sparking several protests in the tightly controlled city-state. [ID:nSIN22393]
Under MAS' directions, the financial institutions were required to appoint an external person to review their action plan and report on its implementation.
Monday, August 23, 2010
KIM ENG'S STOCK TAKE - Money Mind
KIM ENG'S STOCK TAKE: Based on MasterCard’s survey, this year’s Great Singapore Sale drew a total spend of $1.2b, up 28% from last year. Consumer spending is likely to be resilient for the rest of the year, which bodes well for the retail industry. With sponsor CMA looking to acquire between $800m and $1b of assets in 2H10, we reckon CMT may selectively chip in with an equity stake.BUY with target price of $2.23.
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