broker's call

Keppel Infrastructure Trust kept at 'buy' by DBS on successful fund raising exercise, Ixom acquisition
SINGAPORE (Apr 17): DBS Group Research is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 58 cents, following its results announcement on Monday. KIT declared an unchanged DPU of 0.93 cent for 1Q19 ended March, as well as a loss of $16.2 million compared to earnings of $7.5 million in 1Q18. Revenue saw a 98.7% surge to $318.5 million, from $160.3 ...
FEHT downgraded to 'hold' on slowdown in upscale and mid-tier hotel RevPAR
SINGAPORE (Apr 16): “According to channel checks as well as Singapore Tourism Board (STB) data, we are likely looking at a soft 1Q19 for SG hotels,” says OCBC Investment Research analyst Deborah Ong in a Monday report. The STB data reflected poor RevPAR performance from upscale and mid-tier hotels for Jan-Feb 2019. Upscale hotels posted -3.8% and -6.5% y-o-y RevPAR growth for Jan and Feb ...
Shrinking shopping carts keep Sheng Siong at 'sell' for Maybank
SINGAPORE (Apr 16): Maybank Kim Eng continues to rate Sheng Siong “sell” with an unchanged target price of 95 cents. Singapore’s retail sales in Feb saw a 10.0% drop y-o-y, while the supermarket & hypermarket sub-index was dropped 13.3%. After adjusting for Chinese New Year effects, it is the first time the sub-index saw a y-o-y contraction and the second time since 2016 it had ...
Maybank stays positive on aviation services sector's medium term growth
SINAPORE (Apr 15): For the period from January to February, Singapore visitor arrivals grew 2% y-o-y, continuing the growth slowdown trend, as the arrivals increased by 2.4% in 4Q18. China and Asean arrivals were flat for Jan-Feb 2019, with China tourist arrivals seeing an improvement from the 3.7% decline in 4Q18, while Asean bloc was flat y-o-y driven by 2.3%/5.8%/2.1% declines from ...
Overseas growth to drive UOB's earnings: Maybank KE
SINGAPORE (Apr 12): Overseas growth will help drive earnings and share price of United Overseas Bank (UOB), according to Maybank Kim Eng, which continues to rate the bank a “buy” with an unchanged target price of $29.71. In a Thursday report, analyst Thilan Wickramasinghe believes that concerns of weak earnings growth in Singapore are to blame for UOB’s 6% YTD underperformance, as ...
Yoma Strategic poised for next leg of growth: RHB
SINGAPORE (Apr 11): RHB Group Research says Yoma Strategic ready to transition into its next growth phase, despite weakness in its real estate business. The brokerage is keeping its “buy” call on Yoma with a target price of 57 cents, representing an upside of 78% from its current trading price of 32 cents as at 12pm on Thursday. “We believe Yoma Strategic is well-poised for its next ...
DBS kept at 'buy' by RHB with higher target price on widening NIM
SINGAPORE (Apr 11): RHB still has a “buy” call on DBS, with a higher target price of $29.60 from $28.80 previously. This is based on a 2020F price-to-book ratio of 1.43 times, giving a 10% upside and a 4% FY19 yield. In a Wednesday report, analyst Leng Seng Choon says, “We believe our long-term ROE assumption of 13.5% (vs 2018’s 12.2%) is achievable given greater NIM expansion in 1H19 ...
ESR-REIT downgraded to 'hold' on potential rental default from Hyflux Membrane
SINGAPORE (Apr 10): ESR-REIT has been downgraded to “hold” from “buy” previously by OCBC Investment Research with a decreased fair value of 55 cents from 57.5 cents, on the back of lower returns and concerns regarding Hyflux Membrane. The research house initiated its coverage on ESR-REIT on Dec 14, 2018 and the stock has since posted total returns of 9.76%, compared to the Straits ...
Are things finally looking up for the CPO sector?
SINGAPORE (Apr 9): OCBC Investment Research continues to rate the soft commodities sector “neutral” despite the renewal of interest in the sector and higher forecast of the year’s price to close. So far, crude palm oil price have increased by about 6% this year, after a 35% plunge from early 2017 to end 2018. Crude palm oil (CPO) stocks have also gathered more interest and better price ...
SGX kept at 'buy' by RHB as derivatives volume numbers remain strong
SINGAPORE (Apr 8): RHB Securities continues to rate Singapore Exchange (SGX) a “buy”, albeit with a lower target price of $8.10 from $8.20 previously. In 3Q19, SGX’s securities average daily value (SADV) declined 31% y-o-y to about $0.97 billion. In a Friday report, analyst Leng Seng Choons says, “We lowered our FY19 SADV to $1.04 billion from $1.07 billion, which is slightly above ...