CIMB

Broker's Calls

ESR-REIT to undergo a soft 2H18, but valuations remain attractive: CIMB

SINGAPORE (Apr 24): CIMB is reiterating its “add” call on ESR-REIT while lowering its target price on the trust to 60 cents from 64 cents previously after cutting FY18F-20F DPU estimates by 8-9.7%.

Broker's Calls

Pipe laying expert Ley Choon has no problem with project pipeline

SINGAPORE (Apr 10): CIMB likes Ley Choon Group Holdings, the underground utilities infrastructure service provider, for its stable repeat customer base and reputation as a market leader in water pi

Broker's Calls

Construction to benefit from improving demand & shorter cash cycles this year: CIMB

SINGAPORE (Apr 10): CIMB is maintaining “overweight” on Singapore’s construction sector while remaining upbeat on its outlook for 2018.

Broker's Calls

Has the market priced in SPH REIT's full acquisition potential?

SINGAPORE (Apr 9): CIMB, Maybank Kim Eng and OCBC are reiterating their “hold” calls on SPH REIT with unchanged target prices and a lower fair value of $1.06, $1 and $1.02, respectively.

Broker's Calls

This small-cap O&M play is finally ready to ride an industry upcycle

SINGAPORE (Mar 22): CIMB Research is initiating coverage on Dyna-Mac Holdings (DMHL) at “add” with an 18-cent price target, which is based on 1.8 times CY18 book value, DMHL’s CY12-17 mean.

Broker's Calls

CIMB likes Sin Heng Heavy Machinery for track record with high-volume projects

SINGAPORE (Mar 21): CIMB likes Sin Heng Heavy Machinery for its nearly five decades of experience in providing heavy lifting services to a diverse range of industries.

Broker's Calls

GuocoLand gets welcome exposure to prime district 9 from acquisition of Pacific Mansion

SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.

Broker's Calls

FY18 could be a turnaround year for Jubilee Industries, says CIMB

SINGAPORE (Mar 12): CIMB is starting coverage of post-restructured Jubilee Industries at “add” with a target of 5.1 cents.

Broker's Calls

Dairy Farm downgraded on time required for strategic review to bear fruit

SINGAPORE (Mar 9): CIMB is downgrading its call on Dairy Farm International to “hold” from “add” previously with a lower target price of US$8.40 from US$9.18 after the group’s FY17 core net profit

Broker's Calls

CIMB 'heartened' by CSE Global's dividend commitment but still not turning bullish

SINGAPORE (Mar 8): CIMB is reiterating its “hold” call on tech group CSE Global with an unchanged target price of 39 cents, which is based on 12 times FY19 earnings.

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