5 recommendations by Maybank as the S-REIT space eases into recovery mode

SINGAPORE (Feb 28): Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering distributions per unit (DPUs), especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of a slower rate hike cycle.

DBS, UOB poised for better NIMs and higher dividend yields, says Maybank

SINGAPORE (Feb 13): Maybank Kim Eng remains positive on the outlook of Singapore’s banking sector, with DBS and United Overseas Bank as its top picks for their gearing towards better net interest margins (NIMs) as well as better dividend-yield visibility.

This comes ahead of the release of DBS’s 4Q18 results on Feb 18, followed by UOB and Oversea-Chinese Banking Corporation (OCBC), rated “hold” with a target price of $10.95, on Feb 22.  

Time is ripe for developers as housing demand remains strong: Maybank KE

SINGAPORE (June 20): Maybank Kim Eng is remaining positive on Singapore’s property sector on expectations of the recent home-price rally to continue, with buying opportunities arising from the current share price weakness among developers.

In a Monday report, analyst Derrick Heng notes that speculative buying in Singapore’s property market is near its historical low, while existing measures continue to ensure financial prudence among property buyers.

New project launches to benefit developer stocks as cyclical upturn continues

SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector while flagging UOL and City Developments (CDL) as the best large-cap proxies as the market continues its cyclical upturn.

These top picks have been rated “buy” at target prices of $9.85 and $13.80, representing a respective 15% and 6% discount to RNAV and price-to-book value ratios of 0.85 and 1.26 times.

3 property developers to snap up with the impending market uptick

SINGAPORE (May 30): Maybank Kim Eng Research is turning positive on Singapore’s property developers with expectations of a potential rebound in property prices, even without further policy easing.

UOL Group remains Maybank’s top “buy” pick with a target price of $9.05, and has been deemed the best proxy for a price rebound in Singapore.

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