DBS Vickers Securities

SATS well supported by decent dividend yield, strong growth prospects: DBS
SINGAPORE (May 23): DBS Vickers Securities is remaining positive on SATS with a “buy” call and target price of $5.44, on the belief that Changi Airport and regional aviation growth will continue to drive the gateway services provider’s long-term earnings growth. This comes after SATS ended FY19 with earnings of $248.4 million, down 5% y-o-y due to the absence of one-off ...
Sembcorp Industries' near-term outlook hinges on sustained India uptrend, say analysts
SINGAPORE (May 21): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries (SCI) with target prices of $3.41 and $3.90, respectively. This comes after the group last week posted 21% higher 1Q earnings of $77 million on higher contributions from its energy segment, which was mainly driven by improved performance from India and the ...
Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong
SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research houses’ expectations with its latest set of quarterly results. RHB Research, on the other hand, remains “neutral” on the stock while ...
Brokers unanimously positive on NetLink NBN's outlook after a satisfying FY19
SINGAPORE (May 15): OCBC Investment Research, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on NetLink NBN Trust (NLT) with the respective price targets of 95 cents, 90 cents and 83 cents. Likewise, Phillip Capital continues to rate the trust at “accumulate” at a 93-cent price target. This comes post the release of NLT’s latest set of 4Q financials, ...
UOL poised for greater growth with Marina Centre stake, says DBS
SINGAPORE (May 14): DBS Vickers Securities is maintaining its “buy” call on UOL Group with a target price of $8.53, which implies 0.8 times P/NAV and is pegged to a 35% discount to RNAV after taking into account the group’s higher valuation as well as stake in Marina Centre Holdings (MCH).   In a Monday report, analyst Rachel Tan says she believes UOL – which is trading at 0.6 ...
HRnetGroup downgraded to 'hold' on weaker earnings outlook, lower valuation
SINGAPORE (May 14): DBS Vickers Securities is downgrading its call on HRnetGroup to “hold” from “buy” with a lower price target of 85 cents compared to $1.05 previously on expectations of a weaker Singapore jobs market, which is believed to drag on the group’s earnings growing forward. The research house is now anticipating FY19F core earnings to decline due to lower productive ...
UOB valuations & yield still deemed attractive after share price run-up
SINGAPORE (May 6): Jefferies, DBS Vickers Securities and RHB Research are maintaining their “buy” calls on United Overseas Bank (UOB) with the respective price targets of $31, $29.20  and $30.80 following last week’s release of the bank’s 1Q19 earnings, which grew 8% on-year on higher interest income. In a report last Friday, Jefferies analyst Krishna Guha says he sees ...
High expenses, potential competition remain concerns for SGX this year
SINGAPORE (April 29): OCBC Investment Research is downgrading its call on Singapore Exchange (SGX) to “hold” while lowering its fair value estimate to $7.60 from $7.98 previously, in view of a muted outlook. Meanwhile, DBS Vickers Securities and CGS-CIMB Research are maintaining their “hold” and “add” calls on the stock with price targets of $7.05 and $7.90, respectively. This ...
Perennial's latest divestment could signal more to come, says DBS
SINGAPORE (April 24): DBS Vickers Securities is maintaining its “buy” rating on Perennial Real Estate Holdings (PREH) with an unchanged target price of 83 cents as it continues to expect near-term earnings to be driven by further divestment or fair value gains. AXA Tower and Beijing Tongzhou are some of the potential assets to be divested, in the research house’s view. This comes post ...
OUE merger comes with plenty of benefits, but not without potential impediments: DBS
SINGAPORE (April 10): DBS Vickers Securities is highlighting myriad benefits to the proposed merger of OUE Hospitality Trust (OUE HT) and OUE Commercial Trust (OUE CT), but also cautions of “potential impediments” post the merger. The research house has “buy” calls on both trusts with the respective target prices of 85 cents and 60 cents. In a Wednesday report, analyst Mervyn Song ...