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DJ MARKET TALK: Maybank-KE Tips Potential Singapor
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Desmond69
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11-Apr-2013 13:56
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DJ MARKET TALK: Maybank-KE Tips Potential Singapore Takeover Plays
11 Apr 2013 12:40 DJ MARKET TALK: Maybank-KE Tips Potential Singapore Takeover Plays 0440 GMT [Dow Jones] STOCK CALL: In the wake of Thai F&B player Minor (MINT.TH) taking a 10% stake in BreadTalk (5DA.SG), Maybank-Kim Eng tips nine Singapore small-caps with favorable chances for positive corporate action, including investments by private-equity or industry peers, privatization exercises, new substantial shareholders or unsolicited takeover offers. "In a world of record low interest rates against a backdrop of macro uncertainties, acquirers can control their own fate by buying out good assets," it says. Its picks straddle various sectors, but it gave extra weight to consumer plays. "Our choices also reflected attractive underlying valuations as well as positive growth potential, which will be supportive of further share price appreciation even in a non-event, meaning we would be comfortable holding on to these stocks in the long term even if a corporate action does not pan out." It tips China Minzhong (K2N.SG), Dukang Distillers (GJ8.SG), Hotel Properties (H15.SG), Midas (5EN.SG), Sarin Technologies (U77.SG), Sing Holdings (5IC.SG), Super Group (S10.SG), Viz Branz (L5J.SG) and Yongnam (Y02.SG). (leslie.shaffer@dowjones.com) Contact us in Singapore. 65 64154 140 MarketTalk@dowjones.com (END) Dow Jones Newswires |
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