Maybank Kim Eng Research

Analysts mostly bullish on Genting Singapore's $4.5 bil investment for RWS 2.0 as price plunges to 3-month low on fears
SINGAPORE (Apr 4): Analysts are generally positive on Genting Singapore (GENS) following the announcement of plans to invest $4.5 billion to renew and refresh Resorts World Sentosa (RWS). In view of this investment, the government has agreed to extend the exclusivity period for the two casinos at RWS and Marina Bay Sands (MBS) to end-2030. MBS also committed to a $4.5 billion investment to ...
Sheng Siong kept at 'sell' as competitor ignites potential price war
SINGAPORE (Mar 28): Maybank Kim Eng Research its “sell” call on supermarket chain Sheng Siong Group (SSG) with an unchanged target price of 95 cents, after NTUC FairPrice said last week it would hold the prices of 100 housebrand products for 15 months up to end-June next year. Around half of these 100 products already had their prices slashed before the announcement. “Given market ...
DBS is Maybank Kim Eng's top pick amid expectation of wider NIM in 2019
SINGAPORE (Mar 7): Maybank Kim Eng Research says DBS Bank is its top pick among local banks on the back of its strong low cost deposit franchise. “Domestic banks, with lower loan to deposits (LD) ratios and higher mix of low cost deposits, should see net interest margins (NIMs) rise further,” says analyst Thilan Wickramasinghe in a report on Wednesday. “We believe DBS is best ...
An airport REIT to finance Changi expansion?
SINGAPORE (Mar 6): Maybank Kim Eng Research says setting up an Airport REIT could be another way of financing Changi Airport’s expansion -- which includes a new Terminal 5 and a third runway -- costing “tens of billions of dollars”. Such a REIT could also help revive what has been a moribund period for the Singapore Exchange. Last year, IPO proceeds raised amounted to US$512 million, ...
SPH REIT kept at 'hold' amid first overseas foray
SINGAPORE (Dec 19): Maybank Kim Eng Research is keeping its “hold” call on SPH REIT with a marginally higher target price of $1.02, raised from $1.00 previously, even as the REIT makes its first overseas foray. SPH REIT on Tuesday announced it is acquiring an 85% stake in Australian property Figtree Grove Shopping Centre for A$175.1 million ($175.1 million), or A$188.2 million after ...
Analysts keep Valuetronics on 'buy' despite headwinds
SINGAPORE (Nov 13): Analysts from RHB Research, Maybank Kim Eng Research and UOB Kay Hian are maintaining their “buy” recommendations on Valuetronics Holdings. However, all three brokerages are also lowering their target prices for the electronics manufacturer. This comes as Valuetronics reported a 12.8% decline in earnings to HK$44.3 million ($7.8 million) for the 2Q19 ended September, ...
Analysts positive on Genting Singapore amid 'crisis' valuations
SINGAPORE (Nov 9): Analysts are staying positive on Genting Singapore (GENS) amid a selldown which they say is “unjustified”. Since reporting its 2Q18 results after market close on Aug 3, GENS has seen its share price plunge close to 28%. Shares in GENS closed at $1.23 on Aug 3, and closed at 89 cents on Nov 8. “In our view, GENS is unjustifiably trading at ‘crisis’ valuations of ...
AA REIT taking aim at higher DPU growth ahead, analysts say
SINGAPORE (Oct 29): Analysts are keeping their “buy” recommendations on AIMS AMP Capital Industrial REIT (AA REIT) on the back of its untapped potential. “We see DPU growth levers arising from further asset rejuvenation opportunities, with about 7% or 0.5 million sqft of its portfolio GFA (gross floor area) under-utilised,” says Maybank Kim Eng Research analyst Chua Su Tye in a report ...
Venture still has much to gain amid healthy outlook
SINGAPORE (June 6): Maybank Kim Eng Research is keeping its “buy” call on Venture Corp with an unchanged target price of $28.83 amid healthy revenue forecasts among its customers. “We believe Venture remains a beneficiary of economic upcycle and multifaceted secular growth drivers,” says Lai Gene Lih in a report on Monday. According to Lai, 10 out of Venture’s 16 well-known ...
Bukit Sembawang kept at 'buy' on solid development pipeline
SINGAPORE (May 25): Maybank Kim Eng Research is keeping its “buy” call on Bukit Sembawang Estates (BS) with an unchanged target price of $8.55, representing an upside of 39% from its current trading price. The target price is based on a 20% discount to Bukit Sembawang’s revalued net asset value (RNAV) of $10.71. “With a solid $2.6 billion development pipeline, we see BS’s earnings ...