broker's calls

Broker's Digest 911

Ascendas Real Estate Investment Trust

Price targets:

$3.35 BUY (Maybank Kim Eng Research)

$2.90 BUY (Jefferies Research)

$3.25 ACCUMULATE (Phillip Securities Research)

$3.04 OVERWEIGHT (Morgan Stanley Research)

$2.70 NEUTRAL (Macquarie Research)

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5 promising 'alpha picks' that each offer potential upside of more than 20%: UOB Kay Hian

SINGAPORE (Dec 5): UOB Kay Hian has called investors’ attention to five promising stocks that offer further potential upsides of more than 20% to their target prices. 

These “alpha picks” are set to fire on all cylinders as they remain intact amid a slowing economy. 

On the large cap front, UOB highlights CDL Hospitality Trusts (CDLHT), DBS and Yangzijiang Shipbuilding as its top picks, with upsides of 27.3%, 20.4% and 36.4% respectively.

Brighter days ahead for CDL Hospitality Trusts amid 'well-structured asset swap': analysts

SINGAPORE (Nov 22): As CDL Hospitality Trusts (CDLHT) recently made the headlines for a divestment and forward purchase, market watchers highlight that these constitute a “well-structured asset swap” that will enable the REIT to maintain its hospitality presence.

In a Thursday report, Maybank analyst Chua Su Tye points out how CDLHT’s two recent transactions - its divestment of Novotel Clarke Quay (NCQ) and a forward purchase of the new turnkey hotel, as well as the acquisition of W Sentosa - pave the way forward for the REIT. 

Broker's Digest 909

ComfortDelGro Corp

Price targets:
$2.61 UPGRADE OUTPERFORM (KGI Securities)
$2.27 DOWNGRADE HOLD (UOB Kay Hian Research)
$2.28 DOWNGRADE HOLD (CGS-CIMB Research)
$2.70 BUY (Maybank Kim Eng Research)
$2.80 BUY (Goldman Sachs Research)
$2.38 NEUTRAL (RHB Group Research)
$2.48 HOLD (DBS Group Research)

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Analysts remain sanguine on Frasers Property despite dismal FY19

SINGAPORE (Nov 19): Frasers Property Limited (FPL) recently reported that its earnings dropped 25.3% to $560.3 million, from $749.6 million a year ago. 

Revenue for the year also fell to $3.79 billion, 12.2% lower than $4.32 billion in FY18. The mainboard listed group’s strategic business units (SBUs) in Singapore and Australia registered declines of 49% and 5% respectively. 

But despite the dismal performance, market watchers remain bullish.

Merger ticks all the right boxes for OUE Commercial REIT, but analysts remain cautious

SINGAPORE (Nov 19): OUE Commercial Trust (OUECT) seems poised to thrive on its recent merger with OUE Hospitality Trust (OUEHT), which appears to have ticked all the boxes for the REIT. 

OUECT’s latest set of financial results for 3Q19 ended September saw it register increases across several key financial metrics. 

Brokers Digest 905

LOCAL

 

CapitaLand Mall Trust

 

(Oct 23: $2.63)

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Analysts maintain 'buy' calls on Keppel Corp despite dismal 3Q19

SINGAPORE (Oct 18): On the surface, Keppel Corporation had a dismal 3Q19.

The conglomerate missed analysts’ estimates, as earnings dived 29.7% to $159.3 million during the quarter, down from $226.6 million in 3Q18. 

The decline was primarily attributable to the absence of one-off gains from the group’s divestment of a commercial development in Beijing, as well as higher net interest expenses.

Analysts keep 'hold' calls on Mapletree Commercial Trust despite accretive MBC 2 acquisition

SINGAPORE (Oct 17): Analysts from OCBC Investment Research and Maybank Kim Eng Research are maintaining their “hold” calls on Mapletree Commercial Trust (MCT), despite the trust progressing with its proposed acquisition of Mapletree Business City (Phase 2) (MBC 2), which is expected to be NPI, DPU and NAV per unit accretive.

MCT earlier this week obtained unitholders’ approval for the proposed acquisition.

Brokers Digest 904

LOCAL

 

AEM Holdings

(Oct 16: $1.25)

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