KSH Holdings | Hold Target price: S$0.87 Nov 6 close: S$0.885 UOB Kay Hian, Nov 6

KSH's current share price of S$0.89 has surpassed our target price of S$0.87 by 2.2 per cent, representing total returns of 111 per cent since our initiation. Singapore's property market is heating up but construction remains weak and KSH has no projects ready for launch to take advantage of this. Upside catalysts for its Gaobeidian project also appear remote. Upside has been priced in while downside risks remain. We advise investors to take profit, and downgrade to "hold" with an unchanged sum-of-the-parts (SOTP) target price of S$0.87.

Venture Corp | Buy Target price: S$23.00 Nov 6 close: S$21.99 OCBC Investment Research, Nov 6