Analysts Say

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

07/23 RHB - Fairly Valued

07/23 OIR - A Good Run Thus Far

07/12 DBSV - Re-rating Catalyst Has Played Out

07/22 RHB - Positive On Long-Term Outlook

07/12 PSR - Expanding Footprint & Digging Heels In

07/10 UOBKH - Positives From Regulatory Changes

07/09 MBKE - Rail Happiness?

07/22 PSR - Forging Ahead With AEIs & Acquisition In Germany

07/19 RHB - Acquisition Of Main Airport Center, Frankfurt ~ Positive But Priced In

07/18 UOBKH - 2Q19 Steady Growth; Deepens Presence In Germany; Downgrade To HOLD

07/18 OIR - A Busy & Eventful Quarter

07/17 DBSV - On The Fast Lane

07/17 CIMB - Engaging Twin Growth Drivers

07/04 DBSV - Premium Justified

07/22 OIR - Soft Set Of Results

07/19 MBKE - Temporary Travails

07/19 DBSV - Less Optimistic Margin Outlook

07/19 UOBKH - 1QFY20 Hit By Triple Whammy Of Weak Air Cargo, Jet Airways Exposure & Grounding Of B737 Max Aircraft.

07/19 CIMB - Wait For A Lower Entry Point

07/19 MBKE - Silver Linings Playbook

07/12 CIMB - Short-Term Outlook Could Be Challenging

07/12 DBSV - Buy On Dips

07/19 DBSV - A Better Second Half

07/19 RHB - Weak 2Q19 Y-o-y Profit, Optimistic Outlook; BUY

07/19 UOBKH - 1H19 In-Line, Outlook Improving

07/19 OIR - Steady Execution

07/18 CIMB - Half-Time Boost

07/18 RHB - Key Takeaways From Investor Meeting

07/17 DBSV - Riding On U.S. Tech

07/17 RHB - Robust Leasing Momentum; BUY

07/12 RHB - Right Place, Right Time; Initiate With BUY

07/18 PSR - Stopped Out By Rich Valuations

07/18 OIR - Demand Still Buoyant; Awaiting Acquisitions

07/17 DBSV - Soaring Up & Above

07/16 CIMB - Time To Click Pause

07/17 MBKE - Value Discovery

07/17 OIR - Proposed IPO Of Yihai Kerry Arawana Holdings

07/15 DBSV - Coping Well With Low Commodity Prices

07/15 RHB - China IPO On Track; Reiterate BUY

07/15 DBSV - Yihai Kerry Arawana Holdings China IPO Listing Status

07/15 CIMB - One Step Closer To Listing Its China Business Yihai Kerry Arawana

07/17 DBSV - Pursuing Growth

07/15 OIR - Healthy Rental Reversions

07/12 MBKE - Waiting For More

07/12 CIMB - Solid Malls

07/16 DBSV - Macro Headwinds Ahead

07/15 UOBKH - 3QFY19 Huge Disappointment As Media Revenue Decline Accelerates Again; Downgrade To HOLD

07/15 CIMB - Pressed For More

07/16 UOBKH - 2Q19 Decent Performance Despite High Base

07/16 RHB - A Mixed Bag; Stay NEUTRAL

07/15 CIMB - Outlook Continues To Be Mixed

07/12 PSR - Decent Growth & Yield

07/12 RHB - NIM Likely Wider In 2Q19, But Peakish; BUY

07/12 UOBKH - 2Q19 Results Preview ~ Continued NIM Expansion, Stable Asset Quality

07/10 CIMB - Upgrading Portfolio Through Redevelopments

07/10 DBSV - Unearthing “Gold” Within Its Portfolio

07/10 MBKE - Another Growth Phase

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

FAR EAST HOSPITALITY TRUST (Q5T.SI)
- Pure Play On Rising Visitor Arrivals To Singapore

07/18: UOBKH - BUY

KEPPEL-KBS US REIT (CMOU.SI)
- Right Place, Right Time; Initiate With BUY

07/12: RHB - BUY

HYPHENS PHARMA INTL LIMITED (1J5.SI)
- Undervalued & Under-Covered; Initiate BUY

07/03: RHB - BUY

JUMBO GROUP LIMITED (42R.SI)
- The Hottest Chilli Crab In Town; Initiate BUY

06/21: RHB - BUY

Market Outlook /

Strategy /

Top Stock Picks

Singapore 3Q19 Strategy

Too Hungry For Yield

- Phillip Securities 07/13

Singapore Stock Alpha Picks (July 2019)

Meaningful Changes To Our Portfolio

- UOB Kay Hian 07/05

Spotlight on M&A

SGX Technology Sector & REITs

- DBS Research 07/02

Spotlight on M&A

Spider Web Listing On SGX

- DBS Research 07/02

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

2Q19F Preview ~ NIM Growth At Their Peaks
CGS-CIMB 07/19

Consumer
Sector

Labour Reforms In Singapore’s Retail Industry
RHB Invest 07/02

Energy
Sector

More Bad News In May
Phillip Securities 07/03

Healthcare
Sector

China The Cure For Anaemic Local Growth?
CGS-CIMB 06/10

Manufacturing
Sector

Finding Its Bearings
Maybank Kim Eng 06/10

Offshore/ Marine/ Shipyards
Sector

More Than G20
OCBC Investment 07/02

Plantation
Sector

Inventory Inflated By Imports
Maybank Kim Eng 07/11

Property
Sector

Slow And Steady
CGS-CIMB 07/15

REIT
Sector

Monthly Tracker (July 2019)
Phillip Securities 07/22

Telecommunication
Sector

Recovering & Restructuring
Phillip Securities 06/03

Transportation
Sector

YTD 2019 Stats ~ A Mixed Bag
Maybank Kim Eng 07/02

07/17 WILMAR INTERNATIONAL LIMITED (F34.SI)	OIR
07/17 AEM HOLDINGS LTD (AWX.SI)	CIMB
07/05 SIA ENGINEERING CO LTD (S59.SI)	DBSV
06/27 KOUFU GROUP LIMITED (VL6.SI)	DBSV
06/26 FRASERS COMMERCIAL TRUST (ND8U.SI)	CIMB
06/20 UNITED OVERSEAS BANK LTD (U11.SI)	OIR
06/19 DBS GROUP HOLDINGS LTD (D05.SI)	OIR
06/10 VENTURE CORPORATION LIMITED (V03.SI)	MBKE
06/10 VENTURE CORPORATION LIMITED (V03.SI)	MBKE
06/07 SINGAPORE MEDICAL GROUP LTD (5OT.SI)	RHB