Analysts Say

Analyst Reports & Brokers' Take On SGX Listed Stocks & REITs

08/16 PSR - In Negotiation With Banks And Creditors

08/15 DBSV - Bite The Bullet

08/14 CIMB - 2Q17 Debt Reforms Ahead, Uncertainties Aplenty

08/14 OIR - Suspends Trading Of Shares

08/16 RHB - Great Start To The Year

08/15 UOBKH - 1QFY18 Results Above Expectations; Growth To Continue In FY18

08/14 CIMB - 1QFY18 Results Beat From Stronger Sales. Good Start To FY18 Earnings Highway.

08/10 MBKE - Getting Back Its Groove

08/16 RHB - Revising FFB Projections Upwards

08/16 UOBKH - Anticipate A Stronger 2H17

08/15 MBKE - Astounding 2Q Output Growth, Raising Growth Guidance

08/15 RHB - Valuations To Follow CPO Price Direction

08/14 CIMB - Weaker Qoq Earnings Due To Lower Output

08/14 DBSV - Strengthening CPO Yield Outlook Provide Earnings Support

08/13 MBKE - Weaker 2Q Within Expectations

08/14 OIR - 1H17 Missed Expectations

08/14 DBSV - Earnings Miss Creates Profit Taking Opportunity

08/14 UOBKH - 2Q17 In Transition Phase, Troubles At Marine Division Likely To Have Peaked

08/11 CIMB - Long-term Vision Intact, Bear With Marine For Now

08/14 UOBKH - 1H17 In-line, As Weakness Of Taxi Segment Was Offset By Lower Minority Interest And Taxes

08/14 DBSV - 2Q17 Drop In Profit Was Expected

08/14 RHB - Moderating Organic Growth Expectation

08/14 PSR - Oversold And Earnings To Bottom This Year

08/14 OIR - Look Beyond FY17 For A Smoother Journey

08/14 MBKE - Discomfort In 2017

08/12 CIMB - 2Q17 Weak Taxi And Overseas Bus

08/14 DBSV - Changing Of The Guard

08/14 UOBKH - 2Q17 Results Below Expectations; Expect A Better Second Half

08/14 PSR - Well-positioned For A Continued Recovery

08/14 CIMB - Good 1H Residential Sales

08/14 OIR - 1H17 Home Sales Up Strongly

08/11 MBKE - Expect 2H Catch-Up

08/14 UOBKH - Temporary Drag From Mourning Period, Expect Earnings Recovery From FY18

08/14 OIR - Soft Consumption Environment

08/14 CIMB - 3QFY17 Consumption Soft But Better; Overall Lifted By Associates

08/14 RHB - An Uplift From Spirits

08/14 PSR - Boosted By F&N/FCL Contributions

08/10 DBSV - A Surprise Move On Fried Chicken

08/10 CIMB - Will Chicken Taste Good With Beer?

08/09 RHB - From An Alcohol Player To A F&B Giant

LEGENDS:
Stock Rating Uprade. Stock Rating Downgrade.
Add / Buy / Accumulate. Hold / Neutral. Reduce / Sell / Take Profit / Fully Valued.
Coverage Initiation.

Latest Analyst Reports
on SGX Stocks & REITs

Latest Price Target Changes
of SGX Stocks & REITs

RECENT UPGRADES

RECENT DOWNGRADES

RECENT INITIATION

BANYAN TREE HOLDINGS LIMITED (B58.SI)
- A New Era Through Partnerships

08/04: PSR - BUY

TIANJIN ZHONG XIN PHARM GROUP (T14.SI)
- Reforms Could Unlock Deep Value In This TCM Giant

08/02: UOBKH - BUY

SING INVESTMENTS & FINANCE LTD (S35.SI)
- Massive 40% PATMI Growth In FY17e

07/24: PSR - ACCUMULATE

ASCENDAS REAL ESTATE INV TRUST (A17U.SI)
- Growth Through Rebalancing, Stability Through Diversification

07/14: PSR - ACCUMULATE

Market Outlook /

Strategy /

Stock Picks

Singapore Small Caps Picks

Small-cap Performance To Moderate In 3Q17F

- CIMB 08/17

Singapore Stock Alpha Picks

Refreshing Picks For August

- UOBKH 08/08

Singapore Market Strategy

Shadow Of Sept Policy Meetings

- DBSV 08/03

Singapore Market Focus

Spotlight Turns Towards Rig Builders

- DBSV 07/26

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

2Q17 Round-up ~ Keeping Up The Good Work
- UOBKH 08/07

Consumer
Sector

Clash Of The Titans
- RHB 08/02

Healthcare
Sector

Medical Tourism ~ Singapore Slows, Malaysia Grows
- UOBKH 06/19

Manufacturing
Sector

Expecting Good 2Q17 Results
- CIMB 08/03

Offshore/ Marine/ Shipyards
Sector

Creating Global Champions
- DBSV 07/20

Plantation
Sector

Soybean Demand Hinges On China’s Consumption
- UOBKH 06/29

Property
Sector

Outlook ~ Overweight Developers, S-REITs Down to Neutral
- CIMB 07/17

REIT
Sector

Industrials Closing In
- MBKE 08/03

Technology
Sector

Sector Outlook For 2H17 Is Still Positive
- RHB 08/07

Telecommunication
Sector

MyRepublic Checks Back In
- RHB 07/07

Transportation
Sector

SIAEC’s Share Buybacks Likely To Support Share Price But Industry Faces Macro Headwinds
- UOBKH 06/06

08/15 MM2 ASIA LTD. (1B0.SI)	CIMB
08/14 CITY DEVELOPMENTS LIMITED (C09.SI)	OIR
08/14 COMFORTDELGRO CORPORATION LTD (C52.SI)	PSR
08/11 SINGAPORE O&G LTD. (1D8.SI)	PSR
08/10 CHINA EVERBRIGHT WATER LIMITED (U9E.SI)	PSR
08/08 KIMLY LIMITED (1D0.SI)	UOBKH
08/07 VENTURE CORPORATION LIMITED (V03.SI)	CIMB
08/07 VENTURE CORPORATION LIMITED (V03.SI)	UOBKH
08/02 SATS LTD. (S58.SI)	UOBKH
07/31 SINGAPORE EXCHANGE LIMITED (S68.SI)	PSR

08/17 MERMAID MARITIME PUBLIC CO LTD (DU4.SI)	CIMB
08/15 EZION HOLDINGS LIMITED (5ME.SI)	DBSV
08/15 PROCURRI CORPORATION LIMITED (BVQ.SI)	DBSV
08/11 SINGAPORE O&G LTD. (1D8.SI)	DBSV
08/01 RAFFLES MEDICAL GROUP LTD (BSL.SI)	RHB
08/01 RAFFLES MEDICAL GROUP LTD (BSL.SI)	MBKE
07/31 SEMBCORP MARINE LTD (S51.SI)	PSR
07/26 SIA ENGINEERING CO LTD (S59.SI)	PSR
07/24 CSE GLOBAL LTD (544.SI)	CIMB
07/24 CACHE LOGISTICS TRUST (K2LU.SI)	OIR