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Sale of 1MDB-linked superyacht Equanimity gets warm response from buyers around the worldPETALING JAYA - Interest in the superyacht Equanimity, once owned by fugitive businessman Low Taek Jho, known as Jho Low, has come from around the world, with bidders placing a US$1 million (S$1.37 million) deposit to qualify for the auction. A statement from the legal team representing the Attorney General's Chambers said that when the month-long bidding process closed on Wednesday (Nov 28) evening, yacht specialist Burgess Yachts, the sole broker for the sale, had seen interest from buyers in Asia, Europe, the Middle East and the United States.
Source: AsiaOne - 🏆 14. / 51 Read more »
Broker's take: KGI downgrades Accordia Golf Trust to 'hold' on natural disasters, cautious macro outlookA SERIES of natural disasters, the lack of near-term rerating catalysts and a more cautious macro outlook has led broker KGI Securities to downgrade its recommendation for Accordia Golf Trust (AGT) to 'hold' with a revised target price of S$0.61. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brokers' takeCompiled by Wong Kai Yi UOL GROUP | BUY FAIR VALUE: $8.41 NOV 14 CLOSE: $6.12 OCBC Investment Research, Nov 14 UOL reported its Q3 2018 results, which met our expectations. Group revenue slipped 2.6 per cent...
Source: thenewpaper - 🏆 7. / 63 Read more »
Broker's take: KGI downgrades Accordia Golf Trust to 'hold' on natural disasters, cautious macro outlookA SERIES of natural disasters, the lack of near-term rerating catalysts and a more cautious macro outlook has led broker KGI Securities to downgrade its recommendation for Accordia Golf Trust (AGT) to 'hold' with a revised target price of S$0.61. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brokers’ takeCompiled by Wong Kai Yi FU YU CORP | BUY TARGET PRICE: $0.23 NOV 15 CLOSE: $0.174 RHB Research Institute, Nov 15 We maintain 'buy' with a new 23-cent target price from 22 cents, a 35 per cent...
Source: thenewpaper - 🏆 7. / 63 Read more »
Broker's take: RHB upgrades Food Empire to 'buy'RHB Research has upgraded its rating on Food Empire to 'buy' from 'neutral', citing 'resilient gross margins'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brokers’ takeCompiled by Rachel Mui CHINA AVIATION OIL | NEUTRAL TARGET PRICE: $1.32 NOV 21 CLOSE: $1.20 RHB Research Institute, Nov 21 We have revised our target price from $1.50 to $1.32, representing an 8 per cent upside from...
Source: thenewpaper - 🏆 7. / 63 Read more »
Broker's take: Exotix Capital initiates coverage on Wilmar with 'sell'EXOTIX Capital has initiated coverage on agribusiness group Wilmar International with a 'sell' call, saying the stock is currently trading at an 'unwarranted' 36 per cent premium to the sector average 'in light of its faltering returns and poor earnings growth'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brokers' takeCompiled by Lynette Tan THAI BEVERAGE | BUY TARGET PRICE: $0.87 NOV 27 CLOSE: $0.63 DBS Group Research, Nov 27 We maintain our buy recommendation on ThaiBev with a revised target price of $0.87. Despite...
Source: thenewpaper - 🏆 7. / 63 Read more »
Japan brokers readying for new client surge ahead of SoftBank's mammoth IPOJapan's stockbrokers are rubbing their hands ahead of SoftBank's record-breaking US$21 billion share sale, banking on the telco's brand power and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »