RHB

Malaysia's stock market is Asia's only loser of 2019
KUALA LUMPUR/SINGAPORE (Mar 12): The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year. The benchmark FTSE Bursa Malaysia KLCI index has fallen more than 1% so far in 2019, the only decliner in the region, while neighboring Singapore has surged 4% and Indonesia gained 3%. The trend is unlikely to change as ...
Analysts positive on CacheLog Trust amid sector headwinds
SINGAPORE (Jan 28): RHB Research and Maybank Kim Eng are maintain their “buy” ratings on Cache Logistics Trust (CLT) with the respective price targets of 81 cents and 85 cents, after the trust’s 4Q18 DPU dipped 5.9% to 1.502 cents due to lower net property income (NPI). OCBC Investment Research, on the other hand, has downgraded its call from “buy” to “hold” with the downward ...
ST Engineering to see a revival of profit growth in the near term: RHB
SINGAPORE (Jan 15): RHB is maintaining its “buy” call on ST Engineering (STE) with a $3.97 target price, which implies 4% yield. In a Tuesday report, analyst Shekhar Jaiswal says he expects STE to see a revival of profit growth due to increased capacity and capabilities in the Aerospace segment; delivery of smart city-related contracts both within and outside of Singapore; as well as ...
Strong earnings recovery expected for Venture Corp after a dismal 3Q
SINGAPORE (Nov 5): RHB Research and OCBC Investment Research are maintaining their “buy” calls on Venture Corp while lowering their target price and fair value estimate to $19 and $20.13, from $22.20 and $23.23, respectively. This comes after the group last week reported a y-o-y decline in 3Q18 earnings on lower revenue. While RHB has slashed its FY18-19F earnings per share (EPS) ...
This undervalued developer could be ripe for a REIT: RHB
SINGAPORE (Sept 27): RHB is highlighting Ho Bee Land as a potential REIT and privatisation candidate with a sustainable 4% yield. At the share price of $2.50, the stock is trading at a deep 48% discount to its latest book value of $4.78 per share, in line with the 30-60% discount seen among its mid-cap developer peers. In an unrated report on Wednesday, analyst Vijay Natarajan says he ...
New launches, healthy take-up rates to sustain residential developers in near-term: RHB
SINGAPORE (Sept 11): RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger exposure to the local residential sector. The research house’s top “buy” pick is CapitaLand with a target price of $4, as it expects ...
FY18 likely to remain muted for Centurion Corp despite expansion plans, says RHB
SINGAPORE (Aug 10): RHB Research is maintaining “neutral” on Centurion Corp with a target price of 47 cents on expectations of a 3.4% FY18F dividend yield. This comes after Centurion’s 2Q18 results met the research house’s estimates, posting 15% lower earnings of $9.1 million in the absence of contributions from the group’s Westlite Tuas dormitory, which ceased operations in Dec ...
UOB is RHB's top sector pick for better NIM prospects & good scope for dividends
SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively. In a Monday report, analyst Leng Seng Choon notes that 2Q18 results came generally in line with expectations, with “respectable” sequential growth in net interest ...
Venture Corp's earnings success to carry on so long as trade war does not escalate: RHB
SINGAPORE (Aug 6): RHB Research is maintaining “buy” on Venture Corp while lowering its target price from $26 to $22.20, which is now pegged to 15.5 times FY18F P/E compared to 17.2 times previously due to the weaker industry outlook. The research house nonetheless remains bullish on the stock after attending the group’s analyst briefing post the release of its 2Q18 financial results ...
BreadTalk gets too pricey for RHB's taste; FY18 earnings projected to decline
SINGAPORE (Aug 3): RHB Research is downgrading its call on BreadTalk to “sell” from “neutral” with a lower target price of $1 compared to $1.04 previously, as the research house expects FY18F earnings to decline on rising overhead costs and weaker JV & associates performance. This comes after the group’s 2Q18 results missed expectations due to losses from associates and joint ...