KGI Securities Singapore

2021-09-09 14:00:11 Watch Now: KGI’s Call For The Day

ETHEREUM, the world’s second largest cryptocurrency by market value

@kgisg Open / Comment

2021-09-09 03:45:07 Here's What's Hot Today in Hong Kong
9 September 2021

China Datang Corp Renewable Power (1798 HK) Beijing Jingneng Clean Energy Co Ltd (579 HK) China Longyuan Power Group Corp Ltd (916 HK). All three shares closed at a 52-week high. The power sector continued to rise as electricity demand surged. CGN New Energy Holdings Co Ltd (1811 HK) announced that the power generation volume grew by 21.8% YoY to 1,403 GWh in 8M21. Longyuan Power Group also released data for its 8M21 power generation volume, which grew by 21.9% YoY to 4,185.2 GWh.

Hua Hong Semiconductor Ltd (1347 HK). China Integrated Circuit Industry Investment Fund sold 1.07mn shares at the average price of HK$45.52. After the reduction in holdings, the fund’s stake in Hua Hong dropped from 16.02% to 15.94%.

China Evergrande New Energy Vehicle Group Ltd (708 HK). There was no company specific news. Shares are under huge speculation movements.


Read more: https://www.kgieworld.sg/research/9sephk
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@kgisg Open / Comment

2021-09-09 03:30:00 Here's What's Hot Today in SG
9 September 2021

Mercurius Capital Investment (MCI SP). Shares rose by 8.3% yesterday and gained a total of approximately 70% over the last 4 trading days as the company’s CEO had been aggressively buying back shares to increase his shareholdings

Hong Kong Land Holdings (HKL SP) shares rose by 2.3% yesterday after Tuesday's 12.6% surge

King Wan Corporation (KWAN SP) shares plunged 25.3% yesterday, finally correcting after a rally which saw its share price surge more than 270%

Nanofilm Technologies (NANO SP) shares fell 4.4% yesterday on higher-than-average trading volumes

Top Glove (TOPG SP) and Riverstone Holdings (RSTON SP) shares of the Malaysian glove makers fell after Hartalega Holdings’ CEO Kuan Mun Leong said that China could emerge as a major force in the global rubber gloves market.


Read more: https://www.kgieworld.sg/research/9sepsg
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@kgisg Open / Comment

2021-09-08 06:31:01 Company Update: Civmec Limited (CVL SP), 8 September 2021
Strong fundamentals spearheading growth

Earnings beat. Civmec’s FY2021 net profit (YE 30 June 2021) surged 97% YoY to A$34.6mn, beating our estimates of A$33.5mn.

China’s iron ore appetite. Even though iron ore prices have been on a downtrend recently as Chinese policymakers attempt to cut steel production, China’s iron ore imports hit new highs in August, suggesting the country’s continued reliance on the commodity.

Mid and long-term drivers. Likelihood of increased contract wins as the Australian government ramps up on defence and infrastructure spending. Overall revenue supported by approximately 20% recurring income from maintenance and upgrading works. Buoyant commodity market to drive capex spending for miners.

We maintain an OUTPERFORM recommendation and revise our TP to S$0.90, based on an unchanged 12.0x FY2022F P/E.


Read More:
https://www.kgieworld.sg/research/civmec-limited/
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@kgisg Open / Comment

2021-09-08 03:45:07 TRADING IDEAS: HONG KONG
8 September 2021

PC Partner Group Limited (1263 HK): Video games and crypto
BUY Entry – 8.4 Target – 10 Stop Loss – 7.8

Zoomlion Heavy Industry Science And Technology (1157 HK): Infrastructure plays never die
Buy Entry – 7.6 Target – 9.2 Stop Loss – 6.8


Read More: https://www.kgieworld.sg/research/8sephk
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@kgisg Open / Comment

2021-09-08 03:30:07 TRADING IDEAS: SINGAPORE
8 September 2021

Manulife US REIT (MUST SP): Back to the office
BUY Entry – USD 0.73 Target –0.82 Stop Loss – 0.70

ISDN (ISDN SP): Accelerating the pace of industrial automation
BUY Entry – 0.63 Target –0.85 Stop Loss – 0.56


Read More: https://www.kgieworld.sg/research/8sepsg
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@kgisg Open / Comment

2021-09-08 03:22:10 Top Stories, 8 September 2021

1. Stock futures are flat in overnight trading after Dow’s 260-point loss
https://www.kgieworld.sg/research/ngz3

2. CME’s CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world.
Find out more about emissions trading:
https://www.kgieworld.sg/futures/carbon-offset-futures

3. Record Chinese coal futures signal need to boost output
https://www.kgieworld.sg/research/gnr6

4. GBP/USD bid between $1.3774 and $1.3787, possibly eyes space north of $1.38
https://www.kgieworld.sg/research/27mj

5. Microsoft acquires video-editing software start-up Clipchamp
https://www.kgieworld.sg/research/t9eu

6. Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
https://www.kgieworld.sg/research/vi32
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@kgisg Open / Comment

2021-09-07 13:41:53 Watch Now: KGI’s Call For The Day

China Resources Cement Holdings Limited
(1313 HK)

@kgisg Open / Comment

2021-09-07 10:57:01 Company Update: Manulife US REIT (MUST SP), 7 September 2021
Back to the office

Upgrade to Outperform. US office properties are likely to see improving demand as more employees return, even if it is on a part time basis. Improving fundamentals may finally lift investor confidence in the sector.

MUST provides an excellent proxy to ride on the “return to office” theme in the US, while offering an attractive 7.4% forward dividend yield.


Read More:
https://www.kgieworld.sg/research/manulife-us-reit/
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@kgisg Open / Comment

2021-09-07 03:50:02 Top Stories, 7 September 2021

1. Over 80% of oil output in Gulf of Mexico still offline a week after Ida
https://www.kgieworld.sg/research/z51i

2. CME’s CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world.
Find out more about emissions trading:
https://www.kgieworld.sg/futures/carbon-offset-futures

3. AUD rally falters ahead of RBA policy update
https://www.kgieworld.sg/research/aq6k

4. Goldman Sachs cuts US growth forecast as consumer sees 'harder path'
https://www.kgieworld.sg/research/eet8

5. Market bull Tom Lee predicts a record September, but warns that a 10% correction could come in October
https://www.kgieworld.sg/research/ltru

6. China Evergrande bonds suspended as prices plunge
https://www.kgieworld.sg/research/zy9m
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@kgisg Open / Comment