RHB Research

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 ...
China Aviation Oil poised to take off this year with compelling valuations, strong passenger traffic recovery: RHB
SINGAPORE (Mar 27): RHB Research is upgrading its call on China Aviation Oil (CAO) to “buy” from “hold”, while raising its target price on the stock by 10 cents to $1.60 to suggest 26% upside plus 3.6% yield. This comes as the research house expects CAO to benefit from signs of a strong recovery in international passenger growth in China, in addition to the anticipated capacity ...
RHB turns positive on Dairy Farm's valuations after selldown
SINGAPORE (Mar 20): RHB Research is upgrading its call on Dairy Farm from “neutral” to “buy” despite lowering its target price to US$8.25 from US$8.64 previously with the view that long-term investors may look to accumulate the stock at its current low. The research house’s move comes on the belief that Dairy Farm’s share price has hit its trough after plunging 19% in the year to ...
Analysts stand ground on Singtel amid Bharti Airtel rights issue
SINGAPORE (Mar 11): Analysts are keeping their recommendations on Singapore Telecommunications (Singtel) – for now – after the telco announced it is subscribing for approximately US$525 million ($713.3 million), or 15%, of Bharti Airtel’s US$3.5 billion rights issuance. The fund raising plan is aimed at cutting debt and shoring up Airtel’s balance sheet as the Indian telecom industry ...
More earnings drivers required for China Aviation Oil to be a 'buy', says RHB
SINGAPORE (Mar 1): RHB Research is remaining “neutral” on China Aviation Oil (CAO) after the group reported FY18 earnings of US$94 million ($127 million), up 10% y-o-y and coming in slightly ahead of RHB and consensus estimates on better-than-expected gross profit margin. The research house has raised its target price on the stock to $1.50 from $1.32 previously as it rolls over its blended ...
Is this the best time to buy into Best World?
SINGAPORE (Feb 28): Analysts are divided over Best World International, as the group announced a 29% increase in earnings to $28.1 million in the 4Q18 ended December amid news that it plans to conduct an independent review on its business and accounting practices. The stronger bottomline comes as the direct-selling company and seller of premium skincare products to franchisees in China ...
Bumitama Agri on track for a better performance in FY19, say analysts
SINGAPORE (Feb 28): Maybank Kim Eng and RHB Research are maintaining their “buy” and “neutral” ratings on Bumitama Agri with higher target prices of 97 cents and 67 cents, respectively. This comes after the oil palm plantation company concluded FY18 with earnings of $125 million, down 9% y-o-y as its 4Q and full-year performance was impacted by weaker agriculture commodity prices, ...
HRnetGroup kept at 'buy' despite one-off losses, geopolitical challenges
SINGAPORE (Feb 25): RHB Research is keeping its “buy” call on HRnetGroup, despite the human resource recruitment agency getting rocked by non-core one-offs in the 4Q18 ended December. 4Q18 PATMI fell 48% to $6.3 million, mainly due to a one-off revaluation loss of $5.7 million and a one-off bad debt provision of $1.6 million. “Excluding these one-offs, core PATMI would have risen 4.6% ...
Analysts bullish on Wilmar despite challenges
SINGAPORE (Feb 22): RHB Research is keeping Wilmar International as its top plantation sector and country pick despite a tough 4Q18. The latest quarter saw the group hit by challenges including an African swine fever outbreak in China and a provision for impairment on its goodwill and sugar milling assets in Australia. Wilmar saw its earnings fall 52.9% to US$200.9 million ($271.5 million) ...
Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts
SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28.   This comes after GENS’s latest set of FY18 financials fell slightly short of, or came in at the lower-end of the first three research houses’ ...