Broker's Calls

ISDN Holdings, which is a proxy to the Industrial 4.0 revolution, has continued to be a favourite of CGS-CIMB Research.

The past three weeks have seen the cooling off of once-ravenous animal spirits driven into a frenzy by the abundance of liquidity in financial markets.

United Overseas Bank (UOB) remains a work in progress, says Maybank analyst Thilan Wickramasinghe.

CGS-CIMB Research has initiated coverage on SBS Transit with an “add” rating, making it the first brokerage in Singapore to do so.

CGS-CIMB analyst Ong Kang Chuen and Cezzane See have upgraded their rating on ComfortDelGro (CDG) to “add” from “hold” with a raised target price of $1.70, compared to $1.40 previously. 

First Sponsor Group’s strong fundamentals have led Phillip Securities to initiate coverage on the company with a “buy” rating and target price of $1.65.

Although Sembcorp Industries continues to be rated an “add” by CGS-CIMB Research, the brokerage has lowered its target price for the company to $1.95 from $2.27 previously.

Wilmar’s China listing for its subsidiary may have saw some unexpected setback previously, but it finally got the green light and analysts are upbeat.

Ho Bee Land
Price target:
CGS-CIMB “add” $2.70

Higher target price on prospects of steadier recurring income

DBS analysts Sachin Mittal and Lim Rui Wen have maintained their “fully valued” rating on Singapore Post (SingPost) with the same target price of 64 cents.