Company in the news

Subway said to weigh potential sale that might top US$10 billion

Subway has long been a potential target for private equity firms, as well as other corporations.


Enjoy Europe without a trip to Changi

The Singapore dollar is now at an all-time high against the euro.

Disruption and Digitalisation

How to win Asia-Pacific consumers in the new era

Consumer companies need to be increasingly forward-looking and invest time and effort to anticipate potential disruptions.

Deals, joint ventures & alliances

Goldman readies US$30 billion for alternative investments in Asia

Besides investing in enterprise software and financial services technology, Goldman is also betting on consumer and healthcare

US economy contracts in 1Q2020, initial data shows

SINGAPORE (April 29): US GDP contracted by 4.8% y-o-y in 1Q2020 according to the "advance" estimate released by the Bureau of Economic Analysis (BEA), and below economists’ expectations of a 4% contraction in the US economy. In the fourth quart

Broker's Calls

3 stocks to shop as local consumer sentiment remains benign: RHB

SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook.

Broker's Calls

RHB turns positive on Dairy Farm's valuations after selldown

SINGAPORE (Mar 20): RHB Research is upgrading its call on Dairy Farm from “neutral” to “buy” despite lowering its target price to US$8.25 from US$8.64 previously with the view that long-term investors may look to accumulate the stock at its curren

Broker's Calls

Intensifying competition, economic slowdown may drag on Sheng Siong's growth: Maybank KE

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean.

Broker's Calls

Sheng Siong retains crown as top consumer pick after new store wins

SINGAPORE (Aug 20): RHB Research is highlighting Sheng Siong Group (SSG) as its top consumer cyclical “buy” pick with a higher target price of $1.30 compared to $1.27 previously, upon raising 2019-2020F earnings by 2-3% on larger-than-expected retail

Broker's Calls

BreadTalk gets too pricey for RHB's taste; FY18 earnings projected to decline

SINGAPORE (Aug 3): RHB Research is downgrading its call on BreadTalk to “sell” from “neutral” with a lower target price of $1 compared to $1.04 previously, as the research house expects FY18F earnings to decline on rising overhead costs and weaker