broker's report

Broker's Calls

Analysts cheer for Wilmar as China listing is a go

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.

Broker's Calls

Shaky outlook ahead for Singtel but 5G to help stabilise connection

CGS-CIMB is keeping its “add” recommendation on Singtel with a target price of $3.10 after the research house hosted a virtual investor meeting for Singtel with Malaysian investors on September 8.

The valuations for this stock are favourable for long-term investors: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

The valuations for this stock are favourable for long-term investors: CGS-CIMB

CGS-CIMB Research is upgrading its call on Dairy Farm International (DFI) to “add” from “hold” but with a lower target price of US$4.50 from US$4.63 previously, as the stock is “back at palatable v

US Economy

Fed chairman Powell warns of long recovery despite employment uptick

US employment figures showed better than expected results in August, but the Federal Reserve remains cautious about the future economic situation.

Broker's Calls

Mapletree Logistics Trust 'unphased by Covid-19 pandemic': PhillipCapital

PhillipCapital is positive on the overall outlook for Mapletree Logistics Trust (MLT) and has kept its “overweight” rating on the MLTSP 4.18% Perp Corp (SGD) with a yield to call of 3.15% and yield

Broker's Calls

DBS lowers TP on Singtel as core business trades at negative value

DBS Group Research is keeping its “buy” recommendation on Singtel with a lowered target price of $2.69 from $2.85 previously.

REITs

Analysts are gaining confidence on S-REITs

Singapore is still in Phase 2 of reopening the economy and businesses are slowly getting used to the new normal and are adapting well.

Broker's Calls

Pick up this cheap stock as its order wins pick up steam

DBS Group Research is keeping its “buy” recommendation on Yangzijiang Shipbuilding (YZJ) with a target price of $1.40 as the company is seeing a momentum in order wins.

Broker's Calls

Penguin likely to be beneficiary when crude oil prices rise

CGS-CIMB Research is keeping its “add” call on Penguin International with a target price of 55 cents, as the company is expected to survive this crisis to see revenues pick-up with crude oil prices

Broker's Calls

'Hold' on to Venture Corp as it embarks on its adventure towards recovery

RHB Group Research hosted a non-deal roadshow (NDR) for Venture Corporation lately and is remaining “neutral” on the stock with a target price of $20.20.

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