S'pore's
Raffles Edu stock looks expensive on valuations:
SINGAPORE
- Raffles Education Corp
fares badly on the Relative Valuation Model with a score of 8. The
lower the RV score, the more expensive the stock.
The
company's forward 12-month P/E is 25.4 against the 10-year median of
18.5. Its EV/EBITDA is 39.3 against the peer average of 10.7,
according to StarMine data.
Raffles'
low earnings quality score of 6 suggests poor earnings
sustainability.
DMG
downgrades CapitalMall:
DMG
& Partners Research downgraded CapitaMall Trust to neutral from
buy and maintained its target price at S$2.03, citing limited room
for an upside in the near term.
As at 2.08pm
local Singapore time, shares were up 1.30 per cent, at S$1.95.
DMG
upgrades Sheng Siong to buy, TP at S$0.51:
DMG
& Partners upgraded supermarket chain operator Sheng Siong Group
Ltd to buy from neutral and raised its target price to S$0.51 from
S$0.45, citing an expected strong dividend payout.
At 0133 GMT,
shares of Sheng Siong were up 2.3 per cent at S$0.44, and have
remained unchanged so far this year, compared to the FT Small Cap
Index's 14.4 per cent gain.
OCBC
raises Golden Agri TP to S$0.81, maintains buy rating:
OCBC
Investment Research raised its target price for palm oil firm Golden
Agri-Resources Ltd to S$0.81 from S$0.74 and kept its buy rating,
citing a possible recovery in crude palm oil (CPO) prices.