UOB

Sheng Siong downgraded by brokers after recent rally, but outlook remains positive

SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price run-up  of around 10% over the last two months.

Meanwhile, OCBC and Maybank continues to rate Sheng Siong at “buy” with a fair value and price target of $1.12 and $1.20, respectively.

See: Steady start to FY18 keeps Sheng Siong firmly at 'buy'

MAS to keep neutral policy stance unchanged in coming statement: RHB

SINGAPORE (Apr 4): RHB likes UOB given its strong balance sheet and year-to-date share price underperformance compared to the other two banks.

Singapore interest rates have risen over the month of March. The three-month SIBOR recently rose to 1.51% from 1.37% while SGD fixed deposit rates from Singapore banks also rose 17-30 bps.

Y Ventures shares up as high as 75 cents; prompts SGX query

SINGAPORE (Feb 21): Y Ventures Group has been queried by the Singapore Exchange (SGX) for its “unusual price movements” after shares in the e-commerce company climbed as high as 75 cents on Wednesday morning, up 10.4% from its opening price of 68 cents.

As at 3:43pm, shares in Y Ventures are trading 6.62% higher at 72 cents.

In July 2017, it was reported by The Edge Singapore that Y Ventures was placing out 35 million shares at 22 cents each to boost its data analytics capabilities, increase its advertising and product range, as well as expand into new markets.

Buy these quality stocks on dips as the 'Great Singapore Sale' continues, says OCBC

SINGAPORE (Feb 7): With the latest surge in market volatility and resultant sell-offs, OCBC Investment Research is now declaring it the “Great Singapore Sale” for SGX-listed stocks upon viewing the current correction as a good opportunity to re-enter the market.

“While risks of further weakness remain for the near term, there are still positive drivers for equities, and supported by broad-based economic growth and healthy corporate earnings. In addition, markets have been on a strong uptrend since late last year,” notes OCBC’s head of research, Carmen Lee, in a Wednesday report.

How tech is forcing Singapore's largest companies to adapt & evolve

SINGAPORE (Dec 22): The tech sector is now the largest in the MSCI Emerging Market and MSCI China indices. Yet, technology is posing a major challenge for many big companies, forcing them to adapt their business models in the face of disruption and venture into new fields.

The local banks DBS Group HoldingsOversea-Chinese Banking Corp and United Overseas Bank, for instance, are racing to work with fintech start-ups in order to stay at the forefront of innovation.  

How a 77-year-old Singapore CEO fixed a US$100 mil blunder

SINGAPORE (Dec 20): In 2015, Yao Hsiao Tung was 75 and looking to slow down. He’d begun seeking his successor as chief executive officer of Hi-P International Ltd., a contract manufacturer for customers including Apple Inc. and Amazon.com Inc. But an annual loss, and the US$126 million claim that Hi-P filed because of it, ended that plan.

Wider net interest margins for Singapore banks in 2018: RHB

SINGAPORE (Dec 19): Singapore bank stocks have performed well in 2017, but RHB says this could be because banks typically perform well in periods of interest rate upcycle.

Hence, RHB is maintaining a “neutral” recommendation on Singapore banks with a slight “overweight” bias.

UOB is the research house’s preferred stock pick and only “buy” recommendation within its Singapore banks coverage, with a target price of $28.88.

Rise of cashless payments keeps Singapore's banking sector 'overweight'

SINGAPORE (Dec 1): UOB Kay Hian is maintaining Singapore’s banking sector on “overweight” as the recent boom in mobile payments is paving the way for Singapore to become a cashless society.

The research house’s top “buy” local banks are DBS Group Holdings and Oversea-Chinese Banking Corp with target prices of $26.10 and $12.56 respectively.

Singapore conducts huge volume of international payments due to its stature as a global financial centre, a major trade finance hub and a gateway for investments into Asia.

Singapore's stock market finally getting some love again

SINGAPORE (Nov 10): Singapore’s stock market is finally getting some love again.

With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.

The city-state’s equity funds received some US$2 billion in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global. That’s more than the combined inflows of the past five years and the longest monthly rally since mid-2013, the data show.

Analysts keep SIA at 'hold' as worries over weak yields linger

SINGAPORE (Nov 9): DBS Vickers Securities, CIMB Research, UOB Kay Hian and Maybank Kim Eng are maintaining their “hold” calls on Singapore Airlines (SIA) with higher price targets following the release of the carrier’s 2Q results on Tuesday.

See: SIA's 2Q earnings nearly treble to $190 mil; declares 10 cents interim dividend

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