Analysts Say

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

11/30 PSR - A Spirited Performance

11/27 UOBKH - FY20 Cost Control Pays Off

11/26 CIMB - Don’t Stop Drinking

11/26 DBSV - Bottoms Up And Farewell, FY20!

11/27 CIMB - Looking Past Asset Quality Negativity

11/24 DBSV - Ongoing Provisioning Is A Buffer; Target Price Raised

11/12 OIR - Improving Outlook

11/27 CIMB - Pricing In An Accelerated Recovery

11/19 RHB - Rescue ≠ National Service; Maintain BUY

11/16 OIR - More Constructive On 2021

11/27 CIMB - Looking Forward To More Normal Scenarios

11/24 DBSV - Share Price To See Support; Upgrade To BUY

11/25 RHB - Riding The Semiconductor Wave

11/21 MBKE - The Upswing Continues

11/13 DBSV - Riding On Rising Chip Demand

11/13 MBKE - Focus On The Upswing

11/13 CIMB - Diversification Efforts Intensify

11/25 UOBKH - Essential Ingredients For Sustainable Growth

11/11 OIR - Looking Forward To The Recovery

11/24 CIMB - All Manufacturing Facilities In Meru To Be Temporarily Closed

11/17 CIMB - Expecting Minimal Impact From EMCO

11/16 CIMB - Two Dormitories To Fall Under EMCO

11/20 RHB - StarHub Investors Day (SID) 2020 Highlights; Maintain NEUTRAL

11/20 PSR - Leaving Behind The Traditional Model

11/20 RHB - Strong Order Book, Reorganisation Is Positive; BUY

11/19 DBSV - Remains A Safe Haven Pick

11/18 CIMB - Defensive Amidst Pandemic

11/19 PSR - Government Relief & Vaccine Combo

11/17 DBSV - More positive as vaccine develops

11/13 OIR - Beneficiary Of Vaccine Shipment

11/13 UOBKH - Expect Greater Operating Leverage From Cargo Operations In FY22

11/13 DBSV - Accumulate Ahead Of Recovery

11/13 CIMB - Strong Operating Leverage From Cargo

11/17 DBSV - Normality Is Not Too Far Away

11/17 OIR - Strong Recovery, Positive Sentiment Boost; Upgrade To BUY

11/16 RHB - Positive EBITDA; Upgrade To NEUTRAL

11/16 CIMB - 3Q20 A Strong Suit; Likely Better Times Ahead

11/16 UOBKH - At The Forefront Of Reopening-Theme Play; Upgrade To BUY

11/15 MBKE - Not Every Day That It Outshines Marina Bay Sands

11/17 UOBKH - Semiconductor Segment Driving Positive Operating Leverage

11/16 RHB - Automotive a Potential Driver; Keep BUY

11/13 DBSV - Strong Improvement In Margins

11/12 MBKE - Surpassing Expectations

11/12 CIMB - Managing Well Despite COVID-19

11/17 UOBKH - Strong 3Q20 Results; Expect A Strong Finish As China’s Economy Recovers

11/16 DBSV - Gearing For More

11/17 UOBKH - 4Q20 Net Profit To Be At Record High

11/16 UOBKH - 3Q20 Earnings Up Y-o-y & Q-o-q; Downgrade To HOLD

11/16 RHB - Profit Margins Continue To Improve; BUY

11/12 CIMB - Growth Returns

11/12 DBSV - The Bottom Is Near; Upgrade To BUY

11/16 RHB - Downstream Earnings Set To Take Centre Stage; BUY

11/16 CIMB - Higher CPO Price Expected To Lift 4Q20F

11/15 MBKE - Anticipating An Even Better 4Q20

11/16 PSR - Same Pain Points For Now

11/13 RHB - Veering Off Lows; Keep BUY

11/13 OIR - Improving Operating Trends

11/13 UOBKH - Earnings Weakness Largely Priced In; Nascent Recovery Seen In 2QFY21

11/13 DBSV - Relief From 100% Payout Ratio In 1HFY21

11/12 CIMB - 1HFY21 Some Positives Amid Weak Results

11/16 CIMB - Upgrading SIA To ADD On Improving Risk-Reward

11/13 DBSV - Long But Visible Recovery Path

11/16 DBSV - Support From Recurring Income

11/13 CIMB - Stay Optimistic Beyond The 1Q Blip

11/16 PSR - Recovery Underway, Back To Net Cash

11/13 DBSV - Getting Out, Slowly But Surely

11/13 RHB - Q-o-q Improvement In 3Q20; Reiterate BUY

11/13 UOBKH - 3Q20 Sequential Recovery But The UK Takes A Detour

11/13 MBKE - Clearer Road Ahead

11/12 CIMB - Bumpy Recovery

11/16 DBSV - Up, Up And Away

11/15 MBKE - China Retail Recovery Play

11/13 CIMB - Tenant Sales Continue To Improve

11/16 PSR - More Resilient Than Expected

11/13 UOBKH - 3Q20 Another Strong Quarter; Look Past The Oct 20 Blip

11/12 CIMB - A Strong Quarter

11/13 RHB - Improving, But Still In The Red; Keep SELL

11/13 CIMB - Swung Back To Core Net Profit In 3Q20

11/13 RHB - 3Q20 Above Expectations; Maintain BUY

11/13 UOBKH - 3Q20 Beat Expectations; Attractive Valuation At 8.1x 2021 PE

11/13 DBSV - Attractive Entry Opportunity

11/13 UOBKH - 3Q20 slightly Below Expectations; Sustainable Dividend Yield At 6.1%

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

NANOFILM TECHNOLOGIES INTL LTD (MZH.SI)
- Unique Technology Solutions Provider With High Growth Prospects; Initiate Coverage With BUY

11/26: UOBKH - BUY

SINGAPORE EXCHANGE LIMITED (S68.SI)
- A Different Beat; Initiate Coverage With BUY

11/16: MBKE - BUY

RIVERSTONE HOLDINGS LIMITED (AP4.SI)
- Diamond In The Rough; BUY

11/09: RHB - BUY

STARBURST HOLDINGS LIMITED (40D.SI)
- Strong Turnaround Of A Niche Defence Company; Initiate Coverage With BUY

11/05: UOBKH - BUY

Market Outlook /

Strategy /

Top Stock Picks

Singapore Market November 2020 Wrap Up

Singapore In 5

- CGS-CIMB 11/30

Singapore Stock Market

Laggards Have Their Day In The Sun

- UOB Kay Hian 11/25

Singapore Stocks Strategy

Stick To A Resilient Investment Portfolio During Uncertain Times

- RHB Invest 11/19

Singapore Stock Picks

Go With The Flow, Don’t Fight The Market

- CGS-CIMB 11/17

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

System Flush With Liquidity
CGS-CIMB 11/30

Manufacturing
Sector

Rubber Gloves – Strong Fundamentals Remain Intact
CGS-CIMB 11/20

Offshore/ Marine/ Shipyards
Sector

Not Expecting Anything Eye-Catching
UOB Kay Hian 10/27

Plantation
Sector

Indonesia’s Export Levy Conundrum Seen Hurting Upstream More
Maybank Kim Eng 11/21

Property
Sector

Unsurprising Dip In Oct20 New Home Sales
OCBC Investment 11/18

REIT
Sector

A Tale Of Two Baskets – Recovery & Resilient
OCBC Investment 11/27

Telecommunication
Sector

Benign Competitive Landscape Into 4Q20 As Telcos Welcome The 5G Era
UOB Kay Hian 10/28

Transportation
Sector

Focus On ST Engineering For Dividend Yield; Raise Target Price For SATS To S$3.40
UOB Kay Hian 10/08

11/24 OVERSEA-CHINESE BANKING CORP (O39.SI)	DBSV
11/20 CDL HOSPITALITY TRUSTS (J85.SI)	OIR
11/17 GENTING SINGAPORE LIMITED (G13.SI)	DBSV
11/17 GENTING SINGAPORE LIMITED (G13.SI)	OIR
11/16 COMFORTDELGRO CORPORATION LTD (C52.SI)	PSR
11/16 SINGAPORE AIRLINES LTD (C6L.SI)	CIMB
11/16 GENTING SINGAPORE LIMITED (G13.SI)	UOBKH
11/13 UMS HOLDINGS LIMITED (558.SI)	CIMB
11/12 FU YU CORPORATION LTD (F13.SI)	CIMB
11/12 FU YU CORPORATION LTD (F13.SI)	DBSV

11/24 UNITED OVERSEAS BANK LTD (U11.SI)	MBKE
11/24 OVERSEA-CHINESE BANKING CORP (O39.SI)	MBKE
11/24 DBS GROUP HOLDINGS LTD (D05.SI)	MBKE
11/05 SIA ENGINEERING CO LTD (S59.SI)	UOBKH
08/25 SATS LTD. (S58.SI)	UOBKH
08/21 JEP HOLDINGS LTD. (1J4.SI)	PSR
08/13 FRENCKEN GROUP LIMITED (E28.SI)	CIMB
08/12 SEMBCORP MARINE LTD (S51.SI)	UOBKH
08/11 SEMBCORP MARINE LTD (S51.SI)	OIR
08/07 GENTING SINGAPORE LIMITED (G13.SI)	RHB

Analysts Say

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

RECENT UPGRADES

RECENT DOWNGRADES

RECENT INITIATION

INDUSTRY SECTOR RESEARCH REPORTS

TOP STOCK PICKS 2020