Analysts Say

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

08/08 UOBKH - Strong Set Of 1H22 Results – Outlook Remains Bullish

08/08 DBSV - A Burgeoning Renewable Play; An Astounding 1H22

07/21 PSR - Conventional Energy To Lift 1H22 Profits

08/08 RHB - No Hiccup From Supply Chain Constraints; BUY

08/08 UOBKH - 1H22 Results Slightly Above Expectations; Demand Remains Resilient

08/05 PSR - Growth In NIMs Lifts Profits

08/04 UOBKH - 2Q22 Higher CASA Ratio Enhances Sensitivity To Rising Interest Rates

08/04 DBSV - Positive NIM Surprise

08/04 RHB - Robust NIM Expansion, Benign Credit Cost

08/03 CIMB - Asset Quality Staying Resilient

08/05 OIR - Changing Office Trend

08/05 RHB - A Weak Quarter, But Largely Priced In

08/04 CIMB - Challenges Ahead

08/05 RHB - DARE+ To Batter 2H22; NEUTRAL

08/04 CIMB - 1H22 A Beat; Overhang Likely Given Weak 2H

08/05 UOBKH - Higher Net-Interest Margin & Lower Cost-To-Income Pushing ROE Higher

08/05 PSR - Higher Net Interest Income Support Profits

08/05 CIMB - Waiting On A NIM Pick-Up

08/05 RHB - Robust NIM Expansion, Solid Asset Quality

08/04 PSR - Construction Sector Recovery Remains On Track

08/04 CIMB - Another Strong Set Of Results In 3QFY22

ASCENDAS REAL ESTATE INV TRUST (A17U.SI)

08/03 OIR - All-rounded Performance

08/03 CIMB - Solid Performance In 1H22

08/03 RHB - Good Operational Improvements; A Top Pick

08/03 PSR - Huge Earnings Beat From Foreign Patients & Electives

08/02 OIR - 1H22 Results Beat

08/02 RHB - 1H22 Results Beat Expectations; Keep BUY

08/01 CIMB - Healthcare Demand Stronger Than Ever

07/25 RHB - Sound Long Term Growth & Reasonable Valuation; Keep BUY

08/01 OIR - Recovery Appears On Track

08/01 CIMB - Recovery Underway

08/01 UOBKH - Sufficient General Provisions To Cushion Against External Uncertainties

08/01 PSR - Boosted By Higher Net Interest Income

08/01 RHB - Taking A Cautious Stance For 2H22

07/29 CIMB - Cautious But Confident

07/29 OIR - Decent 2Q, But Guidance Trimmed

07/29 MBKE - Cautious Growth

08/01 OIR - Net Income Back To Black

08/01 DBSV - Emerging Victoriously From The Pandemic

08/01 UOBKH - 1QFY23 result Beat Expectations; Exceptionally Strong Profit Expected In FY23

07/29 CIMB - Excellent 1Q23; All The Pieces Fall Into Place

08/01 RHB - Solid Defensive Play Against Inflation; BUY

07/31 PSR - Sales Normalising, But With Exceptional Margins

07/29 CIMB - Another Quarter Of Record Gross Margin

07/31 PSR - Tranforming Into Asset Light Recurring Income Business Model

07/29 OIR - In The Midst Of Unlocking Value

07/29 UOBKH - Solid Contribution From All Businesses Despite Some Headwinds

07/29 CIMB - Great Change Ahead

DFI RETAIL GROUP HOLDINGS LIMITED (D01.SI)

07/29 CIMB - More Time Needed

07/29 RHB - Not Out Of The Woods Yet

07/29 CIMB - Improving Outlook

07/29 UOBKH - Growing In Scale & Resiliency

07/29 RHB - A Transitional Year

07/28 CIMB - Tenant Sentiment Holding Up

07/27 MBKE - Resilient Mall Metrics

07/28 UOBKH - 1H22 Held Back By Higher Interest Rates

07/28 CIMB - Recovery In Sight

07/28 RHB - A Strong Quarter; Keep BUY

07/27 MBKE - Rent Rise On Reopening

07/28 OIR - Maiden Results Post-Merger

07/26 CIMB - Sized Up For Growth

07/27 OIR - Waiting For Recovery

07/27 CIMB - Riding Recovery & Demand-Supply Tailwinds

07/27 MBKE - Rents Accelerating

07/27 CIMB - Outlook Remains Positive

07/27 RHB - On The Right Track; Keep BUY

07/26 MBKE - Data-driven Growth

07/26 CIMB - Occupancy And Reversions Trending Up

07/26 DBSV - Temporary Pause In Operating Leverage

07/26 CIMB - Taking A Hit From Impairments & Opex

07/26 UOBKH - 2Q22 Earnings Beat Due To Higher Productivity; Orderbook Remains Healthy

07/26 CIMB - Order Momentum Remains Strong

07/25 MBKE - Strong Execution

07/25 OIR - Near-Term Cost Pressure

07/25 CIMB - Recovery Intact; But Costs Hurt For Now

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

UNI-ASIA GROUP LIMITED (CHJ.SI)
- A New & Higher Plateau

07/01: Phillip Securities - BUY

WING TAI HLDGS LTD (W05.SI)
- Spreading Wings On Upcoming Tenders

06/27: DBS Research - BUY

UNUSUAL LIMITED (1D1.SI)
- Without Song Or Dance, What Are We?

06/20: KGI Securities - OUTPERFORM

PARKWAYLIFE REIT (C2PU.SI)
- Stable Growth With Potential Catalysts Await

06/10: SAC Capital - HOLD

Market Outlook /

Strategy /

Top Stock Picks

Singapore Market Strategy

Turbulence Ahead But Stay The Course

- UOB Kay Hian 07/06

Phillip 3Q22 Singapore Strategy

Demand Destruction Spiral

- Phillip Securities 07/04

Singapore Stock Alpha Picks (Jul 2022)

Add ComfortDelGro, DBS & Yangzijiang Shipbuilding, Remove OCBC

- UOB Kay Hian 07/04

Singapore Market Strategy

Fishing In Troubled Waters

- Maybank Research 06/03

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

Surging NIM Supports Hikes For Dividend In 2023
UOB Kay Hian 08/05

Manufacturing
Sector

Sequential Improvement Expected In 2H22
CGS-CIMB 07/29

Offshore/ Marine/ Shipyards
Sector

Stocks To Play For Oil Price Leverage
UOB Kay Hian 07/12

Plantation
Sector

What Goes Up Must Come Down
UOB Kay Hian 06/23

REIT
Sector

Boosted By Strong Demand
CGS-CIMB 07/30

Transportation
Sector

Recovery On Track But Outlook Not All Rosy; Interest Hikes Weigh On Valuations
UOB Kay Hian 06/21

08/04 FIRST SPONSOR GROUP LIMITED (ADN.SI)	PSR
08/03 RAFFLES MEDICAL GROUP LTD (BSL.SI)	PSR
07/29 SHENG SIONG GROUP LTD (OV8.SI)	CIMB
07/28 SUNTEC REAL ESTATE INV TRUST (T82U.SI)	CIMB
07/21 GENTING SINGAPORE LIMITED (G13.SI)	MBKE
07/20 SINGAPORE EXCHANGE LIMITED (S68.SI)	UOBKH
07/13 SHENG SIONG GROUP LTD (OV8.SI)	UOBKH
07/09 RAFFLES MEDICAL GROUP LTD (BSL.SI)	CIMB
07/01 DIGITAL CORE REIT (DCRU.SI)	UOBKH
06/23 APAC REALTY LIMITED (CLN.SI)	RHB

04/28 SEMBCORP MARINE LTD (S51.SI)	OIR
04/21 MAPLETREE NORTH ASIA COMM TR (RW0U.SI)	OIR
03/08 FIRST RESOURCES LIMITED (EB5.SI)	MBKE
12/13 TOP GLOVE CORPORATION BHD (BVA.SI)	CIMB
11/10 VALUETRONICS HOLDINGS LIMITED (BN2.SI)	MBKE
09/20 TOP GLOVE CORPORATION BHD (BVA.SI)	MBKE
08/05 SINGAPORE EXCHANGE LIMITED (S68.SI)	OIR
06/29 GOLDEN AGRI-RESOURCES LTD (E5H.SI)	UOBKH
06/25 SEMBCORP MARINE LTD (S51.SI)	OIR
05/14 SRI TRANG AGRO-INDUSTRY PCL (NC2.SI)	UOBKH