valuations

OCBC is top banking stock on cost efficiencies: UOB
SINGAPORE (Dec 14): UOB Kay Hian says Oversea-Chinese Banking Corporation (OCBC) leads local banks in cost efficiency with the lowest staff cost per employee at $83,333 and lean other non-wage expenses. OCBC has also grown income per employee and pre-provision operating profit (PPoP) per employee at a faster pace ith CAGR at 4.7% and 4.4% for 2013 and 2017 respectively. UOB has a "buy" ...
3 ways this ETF could be a useful defensive portfolio component
SINGAPORE (Sept 7): Phillip Capital is highlighting ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as a defensive addition to investor portfolios, given recent geopolitical events and global market volatility. NOBL tracks an equal-weighted index of 50 S&P 500 that have increased their dividend payouts for 25 consecutive years or more, and covers both US and international markets. ...
Hong Kong's property shadow leaves Singapore developers ahead
SINGAPORE/HONG KONG (Aug 14): Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash. That’s according to analysts and money managers from Nomura Holdings Inc. to Janus Henderson Group Plc. In Singapore, some are seeing signs of a market bottom after years of home ...
Expect modest rally in Asian equities over the next 12 months: Deutsche
SINGAPORE (July 17): Deutsche Bank Wealth Management sees a modest rally in Asian equities over the next 12 months, on expectations of a supportive regional economic landscape and regional valuations. In its latest chief investment officer (CIO) insights report, the global wealth manager projects a 12-month target of 660 for MSCI Asia ex-Japan with a rise of about 6.5%, following a period of ...
Divestment bodes well for Mapletree Logistics Trust, but positives likely priced in: OCBC
SINGAPORE (July 11): OCBC continues to rate Mapletree Logistics Trust at “hold”, raising its fair value estimate on the counter to $1.15 from $1.14 given its stronger balance sheet and improved outlook of Singapore's REIT sector. This comes after the trust’s recent announcement of its intention to divest two of its freehold properties in Japan, Zama Centre and Shiroishi Centre for a ...
Strong fundamentals keep SATS grounded in robust long-term outlook
SINGAPORE (May 22): UOB Kay Hian is keeping SATS at “hold” with a higher target price of $5.05 from $4.60 previously after the airline gateway services and food solutions provider reported $67 million in earnings for the fourth quarter ended March 31. (See also: SATS reports 31% rise in 4Q earnings to $67 mil) Last week, UOB analysts K Ajith and Sophie Leong had highlighted the ...
The path for US equities will be uneven, driven by data & policy: Barclays
SINGAPORE (March 22): Barclays Capital is forecasting Standard & Poor’s (S&P) 500 earnings per share (EPS) to hit US$129 ($181) this year, assuming that a 5% sales growth combined with modest margin expansion and continued repurchases will lead to 8% EPS growth. In a research report dated March 21, Barclays’ equity research team note that valuations have re-rated closer to ...
Battle of the property plays in a risk-averse environment
SINGAPORE (Dec 6): Maybank Kim Eng is maintaining a “neutral” stance on Singapore’s property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios. “With another challenging year ahead for the physical market, we struggle to turn more positive on property counters despite cheap ...
This consumer stock should remain steady in the face of stronger competition
SINGAPORE (Nov 30): OCBC Investment Research has declared Sheng Siong Group (SSG) as its latest and sole preferred “buy” pick at an estimated fair value of $1.15, while maintaining its “neutral” stance on Singapore’s consumer sector. In a Tuesday report, lead analyst Jodie Foo notes how the consumer sector saw a series of privatisations and acquisitions, which suggests that ...
‘Tis the season to ride the M&A wave
SINGAPORE (Nov 9): Following the recent spate of privatisation, UOB Kay Hian is casting the spotlight on the merger and acquisition (M&A) investment theme. Given the recent privatisation of ARA Asset Management; Jacobs Douwe Egbert’s conditional general offer for Super Group; and Northstar Advisors’ acquisition of Innovalues via a scheme of arrangement, the research house believes the ...