• 研报 | 凯德商用新加坡信托(CapitaLand Mall Trust)

    31st August, 2018

    摘要: 2018年8月28日   投资概要   CMT 将以7.9亿新元收购Westgate 剩余70%的股份。 以Westgate的市值为基础,收购价为11.28亿新元 (2,746新元/平方英尺)。 从Sembawang 购物中心回收的资金,将以投入收益率为4.3%的新资产出售。 最新承诺的入住率为98%,从2011年起计,租赁期为99年。...

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  • 研报 | A股入摩7月表现回顾与展望

    28th August, 2018

    摘要:   北上资金成为MSCI标的中国A股的主要购买者,并对个别股增持 中国股票尤其是中概股对新兴市场指数影响进一步加大 北上资金推动个别板块涨幅 北京时间8月14日凌晨,MSCI明晟公司发布了2018年8月指数评估报告。报告显示明晟公司将实施将中国A股部分纳入明晟MSCI中国指数的第二步,将纳入因子从2.5%提升至5%,提升后中国A股占明晟新兴市场指数的权重为0.75...

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  • 新加坡研报 | 全民牙科集团(Q & M Dental Group)

    20th August, 2018

    摘要: 投资概要 2018上半年的营收/税后净利达到我们全年预期的39.3%/ 49.7% ;二季度的有效税率低于我们的假设。 2018上半年新开3家诊所。下半年将在新加坡新开4家诊所,以及在马来西亚新开3家诊所。 采用股息政策,支付至少30% 的核心营业利润。中期股息下降至每股0.4分 (同比下跌43%)。 升级至买入评级,目标价为新元0.65 (先前是新元0.63),这...

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  • 新加坡股票研报 | 嘉德置地集团 (CapitaLand Limited)

    15th August, 2018

    摘要: 投资概要 营收和调整后的净利润符合我们的预期。 在经常性收入增长的推动下,盈利强劲增长。 仅两个季度就实现了30亿新元的年度资产再循环的目标。 中国是CAPL最大的市场,同类型的商场同比的租赁销售增长稳定在5.4% 。 受中国市场强劲表现的推动下,整体服务式公寓的年增长率同比为4%。按投资组合估值计算,中国是集团最大的市场。 维持增持评级,目标价不变仍为新元4....

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  • 新加坡股票研报 | 中国光大水务有限公司

    14th August, 2018

    摘要: 投资概要 2018年二季度的营收和税后净利均达到了预期。 截至2018年6月,CEWL 有100个项目组合,86个正在运营,7个在建工程,以及7个尚在筹备阶段。 通过上调水价和项目升级持续实现有机增长。 镇江海绵城市项目的竣工可能要推迟至2019年。 登陆香港上市时,预计会有更高的估值。 我们将2018财年末的每股盈利调整至新元5.0 分 (先前为新元4.8 分...

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  • 新加坡股票 – 新加坡证券交易所(SGX)

    1st August, 2018

    摘要: 投资概要 2018财年的营收符合预期,而税后净利则比预期低了3.7%,原因是新交所-印度衍生品禁令和波罗的海交易所合并所产生的法律费用令运营支出增加。2018财年的营收为8.45亿新元,达到了上市以来的最高水平。 2018财年衍生品业务继续推动收入增长;交易量同比飙升20%。外汇期货创下1430万份合约的新高,几乎是2017财年的两倍。 末期股息拟为每股15分 (2017年四季度...

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  • 3只即将上市的新股

    23rd July, 2018

    摘要:   3只即将上市的新股 (美团、海底捞、中国铁塔) 2018年上半年,香港证券交易所有108只新股上市,与去年同期相比增长超过40%。上半年平均每月有18家公司上市,其中仅1月就有30家公司登陆港交所。据彭博社数据,2018上半年,香港IPO筹资约为504亿港元。 据港交所公布的数据,现已有超过140家公司向港交所提出上市申请并等待审核。其中不乏包括美团点评、海底捞和...

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  • 股市资讯 | 小米交易困境有望解决!拼多多赴美上市,IPO金额达16亿美金

    18th July, 2018

    摘要: 美股 截至北京时间7月18日凌晨,美股周二收高,纳指再创盘中与收盘历史最高纪录。投资者正在权衡一系列企业财报。美联储主席鲍威尔表示美国经济增长“相当强劲”,央行计划维持稳定的加息步伐。 截止收盘,道指涨55.53点,或0.22%,报25,119.89点;标普500指涨11.12点,或0.4%,报2,809.55点;纳指涨49.4点,或0.63%,报7,855.12点。 宏观基本面: ...

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  • 美股研报 | 思科系统公司

    18th July, 2018

    摘要:   思科系统公司 思科系统公司 (纳斯达克股票代码:CSCO) 设计并销售一系列产品,服务和综合解决方案,以开发和连接全球网络。CSCO 将其产品分成各种类别,如交换机,下一代网络路由,协作,数据中心,无线,视频服务提供商,安全和其他产品。 来源:汤森路透          财...

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  • 回顾篇:6月A股入摩(MSCI)表现回顾

    12th July, 2018

    摘要:   预告:对话MSCI,A股 入摩一月表现与展望 2018年7月4日,综合MSCI 新兴市场指数纳入中国A股的的背景与入摩一个月的表现,辉立资本新加坡于7月4日(周三)与MSCI 的客户经理 Rajarshi Sen 进行了会面讨论。 会议中,Raj 就8月的第二步纳入计划,纳入因子的扩展,被动与主动基金的大体数目等议题进行了详细得介绍。 由于相关材料和结论仍待M...

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