market outlook

Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust
SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans. TPG’s delayed commercial launch has provided a reprieve for the industry, but ...
Local telcos may see a positive surprise in 2019: DBS
SINGAPORE (Dec 20): DBS has an “overweight” rating on Singapore’s Telco stocks as TPG’s abysmal capex so far implies room for positive surprise in 2019. TPG has so far spent A$66.7 million ($65.7 million) in cumulative capex on its Singapore roll-out, about 22-32% of its planned S$200-300 million of capex. In a market focus report, analyst Sachin Mittal says, “At the current level ...
REITs remain a safe defensive bet for 2019: DBS
SINGAPORE (Dec 19): DBS Research is expecting Singapore REITs (S-REITs) to deliver DPU growth in 2019. DBS, which has an “overweight” rating on the S-REITs sector, expects investors to gravitate towards the retail and industrial sectors in 2019, due to the heightened risk surrounding demand for office space and hotel rooms arising from the ongoing trade war and risk of near-recession ...
5 external factors that could make or break the Singapore market in the year ahead
SINGAPORE (Dec 27): The Singapore market faces several challenges in the year ahead, many of which are upcoming world events whose outcomes are beyond the predictive scope of analysts and economists. In its Market Focus 2017 Outlook report this month, DBS Research presents various external factors which are likely to stand in the way of the city state’s progress as a financial hub – or ...