Brokers
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Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri to “buy” from “neutral” with a higher target…
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Brokers’ take: Analysts get more bearish on Wilmar, cutting their price targets for the stock
ANALYSTS cut their price targets for Wilmar International on uncertainty in its China business, and after the company reported third-quarter earnings that showed net profit fell. The agribusiness group on…
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Brokers’ take: RHB raises price target for Sheng Siong on positive outlook
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a…
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Brokers’ take: RHB raises Sheng Siong price target to S$2 on earnings growth momentum
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a…
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Brokers’ take: RHB raises ISOTeam target price on strong order book, positive outlook
RHB raised its target price for building maintenance company ISOTeam to S$0.07 from S$0.048, while maintaining its “buy” call on the counter. This comes as the research house maintains its…
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Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that upcoming project launches in the second half of…
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SEC to increase scrutiny of AI tools used by brokers, advisers
THE US Securities and Exchange Commission’s (SEC) examiners will step up scrutiny of financial firms’ use of artificial intelligence (AI) next year, the latest sign of regulators’ growing concerns about…
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Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says
MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha. The revised offer comes after Hanwha on…
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Brokers’ take: DBS downgrades Yanlord Land, but raises price target to S$0.70
DBS Group Research downgraded Yanlord Land to “hold” from “buy” following the stock’s share price rally, as the research house believes positive investor sentiment is now priced in. It nonetheless…
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Broker’s take: DBS downgrades Yanlord Land to ‘hold’ with revised price target of S$0.70
DBS Group Research downgraded Yanlord Land to “hold” from “buy” following the stock’s share price rally, as the research house believes positive investor sentiment is now priced in. It nonetheless…
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Brokers’ take: RHB expects better rental rates for Centurion; lifts target price
The research house believes Centurion is well-positioned to yield better rental rates given the shortage of dormitory supply in Singapore RHB on Monday (Oct 14) raised its target price on…
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Brokers’ take: Maybank raises Sea’s target price to US$110 on higher earnings estimate
MAYBANK Securities has raised its target price for the Internet company Sea by 15 per cent to US$110, from US$96 previously, while reiterating its “buy” call on the counter. The…
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China’s brokers skip holidays to staff up for ‘hectic’ reopening
BROKERAGES and stock exchanges in China are gearing up for a frantic on Tuesday (Oct 8) when onshore markets reopen after a week-long holiday, with optimism running high that Beijing’s…
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Brokers’ take: Maybank upgrades Mapletree Industrial Trust to ‘buy’ on Japan acquisition
Price target has been raised to S$2.60 from S$2.15 to account for a lower risk-free rate of 2.75 per cent versus 3 per cent previously MAYBANK Securities has upgraded its…
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China’s shadowy crypto brokers lure US$75 billion as economy toils
CHINA’S over-the-counter (OTC) cryptocurrency brokers are attracting unprecedented inflows, a study shows, reflecting a hunger for alternative investments amid weak equity and property markets in a struggling economy. The inflows…
