Brokers
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Brokers’ take: OCBC downgrades Suntec Reit as funding costs continue to weigh
OCBC Investment Research has downgraded Suntec Real Estate Investment Trust (Reit) to “sell” as it expects marginal decline in financing costs in the near term. The research house believes the…
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Brokers’ take: RHB raises ST Engineering’s target on upbeat earnings outlook
RHB raised its target price on Singapore Technologies Engineering (ST Engineering) to S$5.32 from S$5 after rolling forward its valuation base year to fiscal year 2025. It has a “buy”…
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Brokers’ take: Dyna-Mac shareholders should wait for better offer, analysts say
MARKET watchers are recommending that shareholders of offshore oil-and-gas contractor Dyna-Mac think twice about accepting a voluntary conditional cash offer for their shares. South Korean company Hanwha on Wednesday (Sep…
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Brokers’ take: RHB raises SGX target on higher SDAV estimates
RHB raised its target price on the Singapore Exchange (SGX) to S$11.70 from S$10.80 after the bourse’s August securities turnover data came in higher than estimates by the research house.…
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Brokers’ take: UOBKH downgrades Food Empire to ‘hold’ on narrowing margins
UOB Kay Hian (UOBKH) has downgraded its call on Food Empire to “hold” from “buy”, while reducing its price target to S$1 from S$1.30. This comes as the research house…
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Brokers’ take: KGI initiates United Hampshire US Reit at ‘outperform’, US$0.60 target
KGI Securities has started coverage on United Hampshire US Real Estate Investment Trust (United Hampshire US Reit) with an “outperform” rating ahead of an anticipated 25 basis point US interest…
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Chinese brokers curb bond trading amid PBOC warnings on rally
AT LEAST four Chinese brokerages have started fresh measures to cut back trading of domestic government bonds beginning last week, people familiar with the matter said. The brokers reduced the…
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Brokers’ take: UOBKH upgrades Keppel DC Reit to ‘buy’ on positive rental reversions
BROKERAGE firm UOB Kay Hian (UOBKH) has upgraded its call on Keppel DC Real Estate Investment Trust (Reit) to “buy” from “hold”, and raised its target price to S$2.09, from…
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Brokers’ take: Analysts cut Raffles Medical earnings estimates after results miss
ANALYSTS have cut their earnings estimates for Raffles Medical after the company released lower-than-expected earnings for the first half ended Jun 30. RHB lowered its target price to S$1…
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Brokers’ take: RHB upgrades Venture Corp to ‘buy’ on expected recovery
RHB on Thursday (Jul 25) upgraded Venture Corporation to “buy” from “neutral”, and raised its target price to S$16.50 from S$14.20. The research team expects the group, which provides technology…
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Brokers’ take: RHB expects UOB’s valuation to provide downside support; raises target to S$32
Efforts to build up the bank’s wholesale platform look to be ‘bearing fruit’, RHB notes RHB on Tuesday (Jul 23) raised its target price on UOB to S$32 from S$30.10…
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Brokers’ take: Maybank raises Dyna-Mac target on higher earnings forecast
MAYBANK Securities raised its target price on Dyna-Mac, after the offshore oil and gas contractor said it expects a “significant improvement” in net profit for the first half of 2024.…
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Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contracts RHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from…
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Brokers’ take: RHB cuts IReit Global target by 14.9% on near-term challenges
The analyst lowers dividends per unit forecasts by 5-6% for the 2025 to 2026 financial years RHB Research cut its target price for IReit Global by 14.9 per cent to…
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Brokers’ take: Maybank initiates coverage on Beng Kuang Marine with ‘buy’, S$0.47 target price
MAYBANK Securities initiated coverage on Beng Kuang Marine with a “buy” call, as the research house is positive that the company will benefit from floating production storage and offloading (FPSO)…
