PhillipCapital
PhillipCapital

PhillipCapital

Coverage: Singapore
Established in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence. PhillipCapital is headquartered in Singapore, operates in the financial hubs of 15 countries and serves over 1 million clients.
Location: Singapore

Analysts

Latest articles from PhillipCapital

iX Biopharma: Multiple share price catalysts

Outlicensing of Wafermine for Phase 3 trials is a major share price catalyst for the company to enter the estimated US$19bn global opioid industry. Operating expenses are assumed largely stable. The next phase is to license the drug for Phase 3 trial...
PhillipCapital Paul
Paul Chew @ PhillipCapital 20 October 2021

Capitaland Investment Ltd/Singapore: Charting new growth

Stable and recurring revenues from fees income and real estate investments (Figure 1). Income generating assets held by CLI is also expected to deliver highly visible cashflows. This helps to better diversify and keep the portfolio future ready. Goin...
PhillipCapital Natalie Ong
Natalie Ong Pei Fong @ PhillipCapital 19 October 2021

Keppel Corporation: On track to exceed S$3-5bn divestment target before 2023

Keppel’s settlement agreement with Brazilian company Sete Brasil relating to its frozen rig jobs is now effective. Keppel Offshore & Marine (Keppel O&M) subsidiary will have full title and ownership to four rigs. Under the MOU entered between Keppel ...
PhillipCapital Terence
Terence Chua @ PhillipCapital 19 October 2021

Netflix Inc: Scaling to higher margins and cash flow

We Initiate coverage of Netflix with an ACCUMULATE rating and target price of US$724.00 based on DCF valuation, with a WACC of 9.0% and terminal growth of 3%. Offering its services to 209mn customers in more than 190 countries. We expect PATMI to gro...
PhillipCapital Jonathan
Jonathan Woo @ PhillipCapital 15 October 2021

Fortress Minerals Ltd: Hit by production disruptions

2Q22 results were below expectations. Sales volume was lower than expected. Downgrade to ACCUMULATE with lower TP of S$0.51. Iron ore prices are expected to remain weak around US$140/DMT, with continued steel production cuts in China. + Operating cas...
PhillipCapital Vivian
Vivian Ye @ PhillipCapital 15 October 2021

Singapore Banking Monthly – Outlook still stable

September interest rates remain flat MoM. Bank exposure to China is less than 14% of total loans. We believe customers are primarily SOE and large overseas corporates. Interest rates were flat in September, with 3M-SIBOR flat at 0.43% MoM and 3M-SOR ...
PhillipCapital Glenn
Glenn Thum @ PhillipCapital 7 October 2021