overweight

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

SINGAPORE (June 19): CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May.

Some 952 new private housing units were sold in May, 28% higher than in April, but 15% lower compared to May 2018. The bulk of sales (51%) came from Rest of Central Region, while suburban projects made up another 43%. The most popular developments included Amber Park, Parc Komo and The Woodleigh Residences, which collectively accounted for one third of sales.

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.

In the research house’s view, consumer confidence peaked early last year due to improved wealth effect and strong GDP growth towards end-2017; it believes GDP growth will moderate this year while the property market decelerates.

OCBC keeps 'overweight' on Singapore hospitality sector as REITs rally

SINGAPORE (Feb 7): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality space as the sector’s REITs – namely CDL Hospitality Trusts (CDL HT), Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) – rally into the new year with total returns of +5.7%, +2.5% and +6.5%, respectively.

2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC

SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices.

OUE Hospitality Trust (OUE HT), Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART) are OCBC’s top “buy” picks with fair value estimates of 79 cents, 67.5 cents and $1.18, respectively.

Dairy Farm to ride on regional consumer sentiment uptick this year: RHB

SINGAPORE (Feb 19): RHB is maintaining “overweight” on Singapore’s consumer staples sector while highlighting Dairy Farm as its preferred “buy” pick with an unchanged target price of US$9.53 ($12.50) on expectations of consumption to pick up across the ASEAN region this year.

RHB’s positive sector outlook comes on the back of strong retail sales data over 2H17, with supermarkets, in particular, experiencing a good run-up in sales over the last few months of the year.  

'Pent-up demand' to drive Singapore's residential recovery this year: UOB KH

SINGAPORE (Jan 18): UOB Kay Hian is maintaining “overweight” on Singapore’s property sector with a preference for stocks with exposure to the residential, hotel and office segments as the market heads deeper into the upcycle.

In a Friday report, lead analyst Vikrant Pandey shares some of his key takeaways from the Built Environment & Property Prospects Seminar 2018, which took place last week and saw industry experts echo UOB’s bullishness in the residential and office segments.

Why these two developers remain CIMB's top sector picks

SINGAPORE (Jan 16): CIMB is retaining its sector “overweight” on Singapore’s property market while anticipating for primary home sales to improve  y-o-y to 11,000 to 12,000 units, and private home prices to rise by up to 5% y-o-y.

Developers UOL and City Developments (CDL) have been rated as the research house’s top “add” picks at target prices of $13.15 and $9.62 respectively.

5 consumer stocks to count on in the new age of e-commerce

SINGAPORE (Dec 4): Phillip Capital is remaining “overweight” on Singapore’s consumer sector on expectations of a continued rebound in the city state’s economic conditions as well as improving consumer sentiment.

In a Monday report, analyst Soh Lin Sin refutes the idea that Amazon will grab all market share from existing players, due to the nature of local consumers and the advantages which local players continue to have over Amazon’s recently-launched Prime Now service.  

This lesser-known tech manufacturing stock has a turnaround story to tell

SINGAPORE (Oct 4): NRA Capital is maintaining “overweight” on Jubilee Industries Holdings, the producer of precision plastic injection molds, at a fair value of 7 cents.

In a Wednesday report, analyst Liu Jinshu highlights Jubilee as a high-return, high average risk prospect based on its improving earnings outlook, increasing merger and acquisition (M&A) momentum, and its potential to spin off one off its business units in the longer term. 

Four reasons for hospitality REITs to smile in 2018

SINGAPORE (Sept 21): RHB Research is maintaining its "overweight" rating on Singapore REITs (S-REITs) on expectations of 2018 to be a turnaround year for the hospitality sub-sector as key growth drivers fall into place. 

In a report on Wednesday, analyst Vijay Natarajan notes how hospitality REITs have outperformed their S-REIT peers and the STI by 13.6% and 11.8% respectively, being up by 16.4% in the year to date (YTD).

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