Broker's Digest September 11 2017

C ache Logistics Trust (Sept 6: 81.5 cents)

- UPGRADE TO HOLD

- Cum-rights fair value at 81 cents and an ex-rights fair value of 78 cents

Cityneon Holdings (Sept 6: $1.055)

- MAINTAIN ADD

- Raises price target to $1.40

Manulife US REIT (Sept 6: 93.5 US cents)

- MAINTAIN BUY

- Price target of 98 US cents, with 13% upside from theoretical ex-rights price of 87 US cents

ST Engineering (Sept 6: $3.59)

- BUY (initiating coverage)

- Price target of $4.07

Singapore Airlines (Sept 6: $10.23)

- MAINTAIN HOLD

- Fair-value estimate of $10.10

UG Healthcare (Sept 6: 23.5 cents)

- MAINTAIN SELL

- Lower price target by 16% to 21 cents

Wheelock Properties (Sept 6: $1.83)

- Buy (re-initiating coverage)

- Price target of $2.33 pegged at a 15% discount to RNAV of $2.74 a share

Wilmar Int'l (Sept 6: $3.27)

- MAINTAIN HOLD

- Employed DCF methodology to arrive at price target of $3.52 offering a 6% upside from current levels and 2.7% dividend yield

Yangzijiang Shipbuilding (Sept 6: $1.435)

- MAINTAIN BUY

- SOPT-based price target of $1.70 is largely intact

(Source:  TheEdgeSingapore September 11 2017)