Bank of America (BofA) Securities

Broker's Calls

Analysts keep ‘buy’ and ‘hold’ calls on UOB after 1QFY2024 earnings exceed expectations

Analysts from Maybank, OCBC and RHB have increased their target price estimates.

Singapore news

Analysts make monetary policy and inflation predictions after lower-than-expected March numbers

Analysts expect Singapore's core inflation to come in around 2.8% to 3.1% for the full year.

Singapore economy

Analysts mostly keep Singapore’s GDP estimates for 2024 despite softer-than-estimated 4Q2023 growth

Analysts have kept their estimates to range between 2% to 3%, while BofA has upped its estimate to 2.6% from 2.3% previously.

China Focus

BofA warns China property slump to hit deals; favours Japan

BofA's Martin Siah is also positive on the “heavily oversold” S-REIT sector.

Banking & finance

DBS offers better risk-reward with NIM and dividend

Based on the results of the local banks, DBS Group Holdings’ 2QFY2023 ended June results exceeded the expectations of analysts.
SingPost appoints BofA Securities as financial advisor for strategic review - THE EDGE SINGAPORE

Company in the news

SingPost appoints BofA Securities as financial advisor for strategic review

The review will focus on SingPost's transition to a logistics business over time.

Broker's Calls

GoTo's risk-reward balanced, BoFA initiates 'neutral' with TP of IDR125

The analysts find GoTo to be fairly valued, in context of its fundamentals.

Singapore economy

Bank of America estimates Singapore's 2022 GDP to grow 5.2%; country to punt on wealth taxes this year

Singapore's budget, to be released Feb 18, will be closely watched for details on bolstering government revenues, says BofA.

Cryptocurrency

Bitcoin at US$50,000 as BofA says 'too large to ignore'

Bank of America says more regulation could be a positive for crypto in the long run.
Analysts positive on CDL's divestment as property group now on 'repair mode' - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on CDL's divestment as property group now on 'repair mode'

The analysts have given a range of target price estimates from $8 to $11.02 on CDL.
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