Broker's Calls

DBS kept at 'buy' with still more upside expected ahead: RHB
SINGAPORE (Jan 21): RHB Research is maintaining its “buy” call on DBS Group Holdings with an unchanged target price of $29.80. This comes on the back of expectations of still more upside ahead, led by widening net interest margin (NIM). Analyst Leng Seng Choon notes that the 3-month SIBOR has been on a rising trend. It currently stands at 1.89%, after hitting an average of 1.73% in 4Q18 ...
Google deal or not, analysts see a promising outlook for FCOT
SINGAPORE (Jan 21): OCBC Investment Research and DBS Vickers Securities are maintaining their “buy” rating on Frasers Commercial Trust (FCOT) after the release of the REIT’s latest set of quarterly results where 1Q19 DPU came in flat at 2.4 cents, in line with both research houses’ expectations. OCBC and DBS have given FCOT a fair value estimate and target price of $1.56 and $1.70, ...
Banks kept at 'overweight' by UOB on Fed's dovish stance, dividend yield
SINGAPORE (Jan 18): UOB Kay Hian is maintaining Singapore’s banking sector at “overweight” after the US Fed calmed the nerves of investors with its dovish disposition, which subsequently generated a relief rally. “We maintain ‘buy’ for both DBS and OCBC, although we prefer OCBC,” says analyst Jonathan Koh in a Friday report. The research house has target prices of $28.50 and ...
ThaiBev kept at 'buy' given worst is over for alcohol demand, says RHB
SINGAPORE (Jan 18): RHB is reiterating its “buy” call on Thai Beverage (ThaiBev) with a higher target price of 85 cents, from 75 cents previously. This came following the group’s loan restructuring with Vietnam Beverage, which means ThaiBev now owns 53% of Sabeco, the largest brewery in Vietnam. In a Friday report, analyst Juliana Cai says, “We believe this move is positive to the ...
GSS Energy kept at 'buy' with 19 cents target by RHB on bright prospects
SINGAPORE (Jan 18): RHB Research is maintaining GSS Energy at “buy” with 19 cents target on its bright prospects, driven by its twin growth engines. In a Friday report, lead analyst Jarick Seet believes the group is close to securing an off-take deal for its gas, and the 4Q18 tech correction, especially on small-mid cap manufacturers like GSS, offers a good opportunity to ...
Weak PLF at SIA Cargo and Scoot likely to dampen Singapore Air's 3Q results
SINGAPORE (Jan 17): UOB is maintaining its “hold” recommendation on Singapore Airlines (SIA) with a lower target price of $10.20, from $10.40 previously. The research house’s suggested entry level is $9.00. This came after the group announced its Dec 2018 operating results on Tuesday, which saw overall passenger load factor (PLF) increase by 0.3 percentage points (ppt) to 85%, compared ...
Why DBS remains cautious on Chip Eng Seng despite Kampong Java site win
SINGAPORE (Jan 17): DBS Group Research is forecasting property transaction volumes to fall 20% y-o-y to 7,500-8,500 units in 2019, and says it is possible for the property price index (PPI) to decline by up to 3% this year, and even further, should macro conditions worsen. The research house currently has a “hold” call on developer Chip Eng Seng (CES) with a target price of 75 cents, which ...
2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC
SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices. OUE Hospitality Trust (OUE HT), Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART) are OCBC’s top “buy” picks with fair value estimates of 79 cents, 67.5 cents ...
Japan expansion, upgrade of Resorts World Sentosa keep Genting at 'buy' by RHB
SINGAPORE (Jan 16): RHB Reserch is maintaining its “buy” call on Genting Singapore with a target price of $1.23. In a Wednesday report, RHB says, “We like Genting Singapore for its potential expansion into the Japan market and the upcoming reinvestment into Resorts World Sentosa (RWS), with more news flow expected in FY19.” In 3Q18, the group reported a 46% increase in earnings to ...
CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins
SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18. Both research houses have a 59-cent target price on the stock. In a Wednesday report, UOB analyst Yeo Hai Wei says CSE latest win highlights the merits of its diversified orderbook, and implies that ...