Analysts Say

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

11/20 PSR - Overseas Growth Opportunities To Offset Cost Pressures

11/14 MBKE - Slightly Off Track

11/14 RHB - Weak 3Q19; Higher Costs Expected

11/18 OIR - 2Q Results Marred By Airtel Provision

11/18 PSR - Operationally Sound

11/15 CIMB - Some Greenshoots Leading Into 2HFY20F

11/15 DBSV - Management Lowers Guidance; Street Earnings To Be Cut

11/15 UOBKH - Within Expectations, Headline Loss Due To Airtel Impairment

11/11 UOBKH - A Sequentially Stronger 2QFY20, Headwinds From Airtel Have Not Abated

11/08 CIMB - Bharti To Drag On Earnings

11/18 PSR - Long-term Growth From Overseas Expansion

11/13 UOBKH - 2QFY20 Marginally Below Expectations Due To Consolidation Of Low-margin Business

11/13 OIR - Lower Operating Margin

11/18 PSR - Bottomed Out

11/15 UOBKH - To Finish Strong In 2019

11/14 CIMB - PROP-ped Up By Projects

11/15 OIR - Weak Results But Some Signs Of Improvement

11/14 CIMB - Forex Gains Helped Lift 3Q19 Reported Profit

11/14 RHB - Narrowed Losses In 3Q19

11/14 RHB - China IPO Draws Near; Maintain BUY

11/14 OIR - A Better Quarter

11/13 UOBKH - 3Q19 Results Within Expectations

11/13 RHB - All Stars Are Aligned; Reiterate BUY

11/14 OIR - Positive Developments

11/14 RHB - Making Steady Progress

11/13 UOBKH - 3Q19 Impacted By Lumpy Property Development Revenue & One-off Costs

11/13 UOBKH - 3Q19 Earnings Recover On Higher Sales But Slightly Below Expectations

11/12 RHB - 2020 Biodiesel Allocation Up 63% Y-o-y; BUY

11/12 MBKE - Stronger 4Q19 Prospects Priced-in For Now

11/07 UOBKH - Better Quarters To Come

11/12 RHB - Wealth Management An Offset For NIM

11/12 PSR - Substantial Provisioning Overlay To Cushion Credit Risks

11/11 CIMB - Offsetting Margin Weakness With Trade

11/11 OIR - Decent 3Q, But Softer NIMs Outlook

11/11 MBKE - Yielding Results; Upgrade To BUY

11/12 RHB - Improving Growth Outlook; Reiterate BUY

11/11 CIMB - Merits Of Diversification

11/11 OIR - Core Business Remains Strong

11/11 MBKE - Solid Quarter

11/12 OIR - Challenging Market Conditions

11/08 MBKE - Mind The Mass-Market Gap

11/08 RHB - Better Luck Next Time; Stay NEUTRAL

11/11 DBSV - Near Term Hiccups

11/11 UOBKH - 3Q19 Slight Miss On Weaker Margins, Expect A Soft 4Q19; Downgrade To HOLD

11/11 OIR - Taking A Breather

11/11 MBKE - Earnings Recovery May Take Longer; Downgrade To HOLD

11/11 RHB - Decent 3Q19 But Murky Outlook Ahead

11/11 PSR - Near-term Volatility, Long-term Intact

11/08 CIMB - Opportunity Knocks For Long-term Investors

11/11 OIR - Acquisition Of A 50.0% Interest In Westfield Marion Shopping Centre

11/11 MBKE - Gaining Traction Down Under

11/08 CIMB - Deepening Presence In Australia

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

PRIME US REIT (OXMU.SI)
- Good Time, Great Place!

11/05: DBSV - BUY

MANULIFE US REIT (BTOU.SI)
- In Top Form

10/31: CIMB - ADD

DELFI LIMITED (P34.SI)
- In For A Sweet Treat

10/30: DBSV - BUY

SASSEUR REIT (CRPU.SI)
- Growth Underpinned By Consumption Upgrade For Middle Income Households

10/29: UOBKH - BUY

Analysts' Singapore Small Cap Picks

- CGS-CIMB 11/19

Alpha Picks For 2020

Analysts' Singapore Large Cap Picks

- CGS-CIMB 11/19

Singapore Stock Alpha Picks

Decent Return For October, Adding In A Short Idea

- UOB Kay Hian 11/04

Conglomerate

How To Extract Value From The Temasek-Linked Companies?

- CGS-CIMB 10/22

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

A Resilient Quarter
DBS Research 11/12

Consumer
Sector

Spending Drops On Possible Recession
RHB Invest 08/27

Healthcare
Sector

Unmasking The Effects Of Haze On Healthcare
CGS-CIMB 09/24

Offshore/ Marine/ Shipyards
Sector

Back To Fundamentals
DBS Research 10/25

Plantation
Sector

Tightening Supply Seen Boosting Exports And Prices
Maybank Kim Eng 11/11

Property
Sector

The Inexorable Rise Of E-commerce
UOB Kay Hian 10/23

REIT
Sector

Let’s Go With The Big Guns
OCBC Investment 11/15

Telecommunication
Sector

A Connectivity Solutions Provider
UOB Kay Hian 10/25

Transportation
Sector

Fare Hike Of Full 7% Allowed, From 28 December 2019
DBS Research 10/08

11/15 CAPITALAND MALL TRUST (C38U.SI)	OIR
11/15 ASCENDAS REAL ESTATE INV TRUST (A17U.SI)	OIR
11/14 VALUETRONICS HOLDINGS LIMITED (BN2.SI)	RHB
11/12 BUMITAMA AGRI LTD. (P8Z.SI)	RHB
11/11 ASCENDAS REAL ESTATE INV TRUST (A17U.SI)	UOBKH
11/11 DBS GROUP HOLDINGS LTD (D05.SI)	MBKE
11/07 AVI-TECH ELECTRONICS LIMITED (BKY.SI)	RHB
11/06 STARHUB LTD (CC3.SI)	CIMB
11/05 SIA ENGINEERING CO LTD (S59.SI)	UOBKH
10/31 FAR EAST HOSPITALITY TRUST (Q5T.SI)	DBSV