Analysts Say

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

11/24 UOBKH - Resilient Operating Performance With A Better Outlook

11/17 CIMB - Q-o-q Improvements Across All Segments

11/23 CIMB - Fortune Favours Those Who Dare+

11/14 PSR - Stable With Roaming + Cybersecurity Optionality

11/11 CIMB - 3Q21 Good Mobile, Enterprise & Cost Trends

11/22 UOBKH - All About Transitioning To A Greener Future

11/17 CIMB - Sunny Day At Tengeh Reservoir

11/12 CIMB - Reaching ~40% Of 10GW Target

11/19 PSR - Testing Services Drove All The Growth

11/15 MBKE - Revert To Core; Stay Buy With Lower Target Price

11/12 CIMB - Refocusing On Its Core Dental Business

11/12 UOBKH - Robust 3Q21 Results & Positive Outlook; Confidence In Increased Stake In Acumen

11/18 UOBKH - No Surprises In 3Q21 Business Update

11/16 MBKE - Time For A Breather

11/12 CIMB - Taking A Breather

11/18 PSR - Production Disruption But Trading Below Book

11/16 CIMB - Concerns Over Lower ASPs Largely Priced In

11/17 PSR - Australia & India Mobile The Outperformers

11/12 UOBKH - 1HFY22 Earnings Below Expectations; Recovery Continues Into 2HFY22

11/11 CIMB - 1HFY22 Positive Signs Of Earnings Recovery

ASCENDAS REAL ESTATE INV TRUST (A17U.SI)

11/17 UOBKH - Redevelopment Of 1 Science Park Drive

11/16 MBKE - Building For The Future

11/15 CIMB - Transforming 1 Science Park Drive

11/17 UOBKH - 3Q21 Excellent Space Management Helped Negate Production Constraints

11/15 CIMB - Doubling CAPEX In FY22F

11/15 MBKE - Preparing For Growth

11/16 CIMB - Powerhouse Target

11/10 CIMB - Record High Order Book Of S$18.2bn

11/16 UOBKH - 3Q21 Results Below Expectations

11/15 CIMB - On Track For Stronger 4Q21 Earnings

LENDLEASE GLOBAL COMMERCIAL REIT (JYEU.SI)

11/15 PSR - Positive Reversions And Impending Acquisition

11/09 UOBKH - Unique Positioning Along Orchard Road Drives Positive Reversion

11/15 UOBKH - 3Q21 Results In Line; Improving Order Flows

11/11 CIMB - Diversification Cushions Risks

11/14 PSR - A New Altitude

11/10 CIMB - Raising Dividend Payout Ratio

11/14 PSR - Restructuring Whimper But Cash Rolling-In

11/13 UOBKH - Underwhelming 3Q21 Results But New Regulations Poised To Boost Earnings

11/12 UOBKH - Buy For The Outlook, Not For The Earnings

11/11 CIMB - Merger Hope

11/12 CIMB - NDR Highlights

11/11 CIMB - On Track For A Record 4Q21

11/11 MBKE - Kicking Off A New Cycle

11/10 CIMB - Another Upcycle Begins

11/11 UOBKH - 3Q21 Results In Line But Expect A Sharp Moderation Going Forward

11/10 RHB - Weaker Quarters Ahead; Stay NEUTRAL

11/10 CIMB - Valuations Attractive At Current Levels

11/10 CIMB - Waiting Its Turn

11/10 MBKE - Dragged Down By Delta In 3Q21

11/10 UOBKH - Future Brightening Up

11/10 CIMB - Still Some Way To Go

11/10 MBKE - Many Near Term Headwinds

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

TRANS-CHINA AUTOMOTIVE HOLDINGS LIMITED (VI2.SI)
- A Premium Drive Gearing Up For The Fast Lane

11/26: UOB Kay Hian - BUY

AOXIN Q & M DENTAL GRP LIMITED (1D4.SI)
- A Strong Turnaround; High Growth Potential From Precision Medicine Capabilities

11/19: UOB Kay Hian - BUY

UNI-ASIA GROUP LIMITED (CHJ.SI)
- Under-The-Radar Drybulk Operator Set To Benefit From High Freight Rates

10/28: UOB Kay Hian - BUY

DEL MONTE PACIFIC LIMITED (D03.SI)
- Turnaround Underway; Initiate Coverage With BUY

10/26: Phillip Securities - BUY

Keppel Comes Back With A Higher Revised Offer

- UOB Kay Hian 11/11

Singapore Stock Alpha Picks (Nov 2021)

Short DBS & OCBC, Remove InnoTek & UMS, Add iFAST, ThaiBev, Civmec & Uni-asia

- UOB Kay Hian 11/03

Phillip 4Q21 Singapore Strategy

Investing In Inflation

- Phillip Securities 10/08

Singapore Stock Alpha Picks (Oct 2021)

Removing OCBC, SIA; Adding Ascott REIT, SingTel, Wilmar

- UOB Kay Hian 10/05

INDUSTRY SECTOR RESEARCH REPORTS

Sector

Outlook Still Stable
Phillip Securities 10/07

Banking & Financial
Sector

Continued Recovery Without Missing A Beat
UOB Kay Hian 11/08

Consumer
Sector

Heartlands Is The Winner
CGS-CIMB 09/27

Healthcare
Sector

Another Shot In The Arm
Maybank Kim Eng 10/13

Manufacturing
Sector

Not The Time For Bottom Fishing
Maybank Kim Eng 10/11

Offshore/ Marine/ Shipyards
Sector

Daylight In Sight – Industry Metrics Appear To Have Troughed
UOB Kay Hian 09/27

Plantation
Sector

Key Predictions From POINTERS 2021
CGS-CIMB 10/19

Property
Sector

A Quieter September
CGS-CIMB 10/15

REIT
Sector

Propose Merger
CGS-CIMB 10/15

Telecommunication
Sector

ESG Leaders For ASEAN Telcos
CGS-CIMB 10/08

11/15 LENDLEASE GLOBAL COMMERCIAL REIT (JYEU.SI)	PSR
11/01 SHENG SIONG GROUP LTD (OV8.SI)	PSR
10/06 PROPNEX LIMITED (OYY.SI)	UOBKH
09/16 ASCOTT RESIDENCE TRUST (HMN.SI)	UOBKH
09/14 SINGAPORE TECH ENGINEERING LTD (S63.SI)	UOBKH
09/07 SINGAPORE POST LIMITED (S08.SI)	OIR
09/06 SEMBCORP MARINE LTD (S51.SI)	UOBKH
09/01 KODA LTD (BJZ.SI)	SAC
08/17 SINGTEL (Z74.SI)	PSR
08/11 IREIT GLOBAL (UD1U.SI)	PSR