Brokers' take

Oxley Holdings | Buy (initiate) June 13 close: S$0.32 Target price: S$0.41 RHB Research Institute, June 13

Oxley Holdings is likely to be able to pare down debts despite the market pricing it otherwise. Oxley has S$2.18 billion of debts expiring by 2020.

However, the majority comprise property loans, which can easily be refinanced. Only S$450 million of its retail bond needs to be paid by 2020.