www.dbsvickers.com ed: TH / sa: JC. FULLY VALUED (Downgrade from HOLD). Last Traded Price: S$3.88 (STI : 2,878.13). Price Target : S$3.51 (-10% .... SPH's Adex growth vs Singapore GDP growth ...... This report is being distributed in Australia by DBS

CONTENTS. PLAN YOUR ESCAPE 2. HAPPY WANDERING 4. OUR WARTIME LEGACY 6. JAPANESE GARDEN. & CULTURAL CENTRE 8. ART & CULTURE ...

Feb 20, 2018 - PT RHB Sekuritas Indonesia is not an insider as defined in the Capital Market Law and the information contained in this report is not considered as insider information prohibited by law. Insider means: a. a commissioner, director or em

Feb 20, 2018 - views expressed in this research report. RHBHK had an investment banking services client relationships during the past 12 months with: -. RHBHK has received compensation for investment banking services, during the past 12 months from:

Dec 28, 2012 - Professional Monitoring Committee at the email address here: ... b) Encourage exchange of information on best practices in competency- ..... The ACCSTP Framework lists the minimum common competency standards that should be ... Food Pro

Jul 7, 2014 - securities business succeed in lifting volumes. Key re-rating catalyst ... Analyst. Benjamin Ong [email protected]. +65 65311535.

... the absence of income support at MBFC Tower 1 and 2, which we expect to run out by FY15F. ...... Action: Neutral; income support absence likely = FY16F decline ...... Online availability of research and conflict-of-interest disclosures. Nomura ..

Dec 18, 2013 - the most compared to its peers, given its strong deposit franchise. ...... securities mentioned in this report, perform services for or solicit business.

mr Brendan Wauters, president & ceo, Senoko energy pte Ltd ... system and efficient operations management system to encourage environmental protection and ...

Apr 1, 2014 - Investors should consider this report as only a single factor in making their .... comparable peers given the complex company structure. ... Lynch International Bank Ltd., Frankfurt Branch; Merrill Lynch (South Africa): Merrill.

May 15, 2015 - positioned to take advantage of new casino markets or to ... remains hopeful of the casino bill being passed sometime ..... by the Monetary Authority of Singapore under the laws of Singapore, which differ from Australian laws.

We recently concluded a US marketing trip and observed, on average, greater investor ... Our SOTP-based target prices are as follows: KEP S$13.40, SMM.

2013E. 2014E. 2015E. Home prices. - Luxury. 2,000. 2,250. 2,800. 2,780. 2,800. 2,800. 2,604. 2,344. - Prime. 1,300. 1,300. 1,600. 1,670. 1,700. 1,700. 1,581. 1,423 ...... SSL Dev. The Stratum. Mass. 900. 827. 9. 57. Apr-12. Nov-12. Kheng Long. Topiar

May 6, 2015 - Figure 10: Investment theses .... Banks have alternative funding sources in short-term commercial papers ...... Utilities & Renewable Energy.

Feb 6, 2018 - Our Alpha list: we remove Memtech given its YTD outperformance, and add STE and. China Sunsine; others ... seasonally stronger for the company and we believe its business momentum is still strong with no ..... Spain: This document is a

Singapore Airlines (LHS) .... This report is distributed in Malaysia by AllianceDBS Research Sdn Bhd ("ADBSR") (formerly known as HwangDBS Vickers.

to the recent rate cuts by the Reserve Bank of Australia. ..... New Zealand: In New Zealand, this report is for distribution only to persons whose principal business ...

Jul 15, 2014 - Spillover interest from the euphoria in Indonesia over Jokowi's win ... Growth in e- commerce and online marketing/purchase leads to higher demand .... cautious on banks with exposure to Hong Kong/China. Sector growth ...

Jun 27, 2012 - Innes National Park, Ph 08 8854 3200. Specialised Tourism Services. Country Getaways Holiday Rentals, Ph 08 8832 2623. Visitor Information ...

Jun 27, 2012 - Port Vincent Foreshore Caravan Park, Ph 08 8853 7073. Standard ... Blue Crab Studio Gallery & Café (Specialised Tourism Services) - Bronze.

Sep 20, 2013 - domestic market and have an initial start-up capital of. $100m. ... forthcoming this time round. Over the long .... is provided pursuant to the approval by MAS of research distribution arrangements under Paragraph 11 of the First.

(Thai Beverage, Osim), Healthcare (IHH, Raffles Medical) and. Oil & Gas ... Health Care. 132. 132. 204. 54%. 54%. Industrials. 5,517. 1,043. 641. -88%. -39%. Oil & Gas. 1,078. 1,020. 1,244. 15%. 22%. Real Estate. 2,298. 836. 2,251. -2%. 169% ..... tr

Jul 15, 2014 - J.P. Morgan does and seeks to do business with companies covered in its research ... worse-than-expected competition from low-cost carriers ...... covered companies by visiting https://jpmm.com/research/disclosures, calling ...