Venture

Venture Corp the safest bet amid tech sector volatility, says Maybank

SINGAPORE (Jan 8): Maybank Kim Eng remains “neutral” on Singapore’s technology sector while lowering its target prices across the relevant stocks under its coverage.

This comes after the research house cut its earnings forecasts to factor in heightened macro uncertainties, as well as higher cost of equity due to increased volatility within the sector.

DBS, CCT, Manulife REIT, Sheng Siong, Sabana REIT, Oxley, Micro-Mechanics, Venture, Tianjin Zhongxin, UIC, Jardine C&C

SINGAPORE (May 2): Here are some stocks to watch this Tuesday morning:

DBS Group reported 1Q net profit rose to a record $1.21 billion, up 1% from a year ago on record fee income. Total income rose 1% to $2.89 billion. Shares of DBS closed 14 cents higher at $19.35.

See: DBS 1Q net profit up 1% to record $1.2 bil on fee income

4 investment themes to navigate a growth-challenged 1H17

SINGAPORE (Jan 3): UOB Kay Hian is flagging growth headwinds and external risks in what it calls a growth-challenged year ahead, and therefore recommends positioning defensively on elevated volatility and an uncertain macro outlook.

Although the research house has forecast overall 2017 earnings per share (EPS) to grow 10.5% on year to be led by the plantation, aviation and telecommunication sectors, it maintains top-line will remain under pressure along with “stubbornly high” costs.

7 stocks to give you an edge against a rising greenback

SINGAPORE (Nov 14): Following news of last week’s US presidential election outcome, UOB Kay Hian is now turning its attention on stocks which it reckons could be beneficiaries of the rising US$ strength against ASEAN currencies.

“The unexpected outcome from the US presidential elections has seen the VIX escalating to a recent high of 22.51. While the VIX has since pulled back, we would position cautiously, given the high volatility and macro uncertainties,” says lead analyst Andrew Chow in a Monday report.

Best stocks to buy in a season of uncertainty

Trading floor

SINGAPORE (Aug 18): UOB Kay Hian further cut its 2016F market EPS growth estimates to –8.1% from –2.4% after what it calls “another quarter to forget” of disappointing results under the research house’s coverage climbed up to 37% in 2Q from 34% in the first quarter.

“Other than resilient sectors such as healthcare, land transport and S-REITs, most sectors suffered declines in turnover,” recalls analyst Andrew Chow in a Thursday report.

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