Analysts Say

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

11/16 UOBKH - Superb 3Q18 Performance; Back To Norm In 4Q18

11/15 DBSV - Positive Margins To Sustain Next Year

11/13 RHB - Totally Crushing It! Remains Our Top Pick

11/12 CIMB - Strong 3Q Results Despite Us-China Trade Row

11/15 UOBKH - 3Q18 Slight Earnings Miss, But Stay Invested For The Long Haul

11/15 DBSV - Exciting Growth Prospects Ahead

11/14 OIR - Well-placed For Long Term Growth

11/14 CIMB - More Insulated Than Others

11/13 RHB - Expect Strong Earnings Growth; Reiterate BUY

11/15 OIR - Impacted By Virgin AU As Expected

11/14 DBSV - Passenger Yield Fails To Improve

11/12 CIMB - Risks To Watch Out For

11/09 MBKE - 2QFY19 Challenges In The Price

11/15 DBSV - Exciting Times Ahead

11/15 OIR - Expect Christmas Presents From China In 4Q18

11/14 CIMB - Operationally Stronger

11/15 RHB - Stable Outlook; Stay At BUY

11/09 MBKE - Recent Selldown Unjustified; Upgrade To BUY

11/09 DBSV - Deserves Better Investor Recognition

11/09 OIR - Going Steady

11/08 CIMB - 3Q18 Unduly Pricing In Crisis Levels

11/13 UOBKH - 3Q18 Slightly Below Expectations; Shortage Of Vessels Affected Sales Deliveries

11/12 DBSV - Margin Delivery On Target

11/12 MBKE - Delay In Sales And Profit Recognition

11/12 RHB - Strong FFB Growth Continues; BUY

11/13 MBKE - Decent Showing Despite Headwinds

11/13 UOBKH - 2QFY19 Robust Results Masked By One-Off Flood Provision

11/13 RHB - Mixed Outlook Supported By Yield And Auto Growth

11/12 CIMB - 2QFY3/19: Hit By One-Off Impairment

11/12 CIMB - Strong 3Q Output Offsets Lower CPO Prices; Less Impacted By High Inventory Issue

11/12 DBSV - Strong Harvest

11/12 UOBKH - 3Q18 Results Within Expectations Despite Weaker CPO Prices

11/12 PSR - Big Ticket Acquisition And Fund Investment

11/12 RHB - Rise In Competition For Taxi Remains A Key Risk

11/12 OIR - Monitoring The Taxi Space

11/09 CIMB - 3Q18 In Line; On Track To Earnings Growth Recovery

11/09 UOBKH - Overblown Concerns

11/05 DBSV - Marking Largest Ever Acquisition Down Under

10/30 CIMB - Riding On Fare Hike

11/12 OIR - Under-Loved, Undervalued?

11/09 RHB - Cheaply Valued But Lacks Catalysts; Prefer CapitaLand

11/09 UOBKH - 3Q18 Strong Showing Amid Challenges

11/08 CIMB - Robust Residential Profits

11/12 UOBKH - 2QFY19 Flat Net Profit Masks The Weakest Top-line Growth In 5 Years

11/09 CIMB - Revenue Squeezed But Helped By Associates/ JVs

11/09 OIR - Soft 2QFY19

11/12 OIR - Still Aligning The Stars

11/10 CIMB - 3Q18 Dragged Down By Pay TV Q-o-q

11/05 CIMB - Back To Waiting On The Sidelines

11/02 DBSV - Frontloading Of Costs To Expedite Migration To NBN By 18 Months

11/09 OIR - Waiting For A Better 2H

11/09 RHB - Earnings Headwinds Persist; Cut To NEUTRAL

11/08 DBSV - Earnings May Have Bottomed Out In 1H19

11/08 CIMB - Lower Earnings Across The Board

11/08 MBKE - Pressure All Over

11/02 DBSV - How Will Singtel Look In 5 Years’ Time

11/09 UOBKH - 2QFY19 Operating Profit Grows 8%, But Underlying Profit Remains Flat Due To Weak Associate Earnings.

11/09 OIR - Positive Long Term Outlook

11/08 CIMB - 2QFY19 Cruising Along

11/09 OIR - A Steal At This Price!

11/08 DBSV - Transitioning Period Nearly At An End

11/08 RHB - Banking On A Brighter 2019 Outlook

11/07 CIMB - Chugging Along

11/08 OIR - Gunpowder In The Bag

11/07 CIMB - Boosted By Acquisitions And Divestment Gains

11/07 DBSV - Solid Portfolio With Resilient Income

11/07 PSR - Strong And Sustainable Performance

11/07 UOBKH - 3Q18 Sustained NIM Expansion From Developed Markets

11/05 OIR - Value Despite Market Volatility

11/05 CIMB - 3Q18 Waiting On Further NIM Pass-Through

11/05 RHB - Future Earnings Still On Growth Momentum

11/07 RHB - Another Solid Quarter; BUY

11/07 DBSV - Correction Pricing In Recent Concerns

11/07 UOBKH - 3Q18 Economy On Sugar Rush

11/01 DBSV - Wild Stabs In The Dark

11/05 DBSV - Better Times Ahead

11/05 RHB - 3Q Blip Represents BUYing Opportunity

11/05 OIR - A Series Of Unfortunate Events

11/05 CIMB - In Business For The Long Term

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 DOWNGRADES

RECENT INITIATION

JAPFA LTD. (UD2.SI)
- Value In This Animal Protein Play

10/25: DBSV - BUY

BEST WORLD INTERNATIONAL LTD (CGN.SI)
- Put Your Skin In The Best Game; Initiate BUY

10/23: RHB - BUY

JAPFA LTD. (UD2.SI)
- An Arbitrage Too Cheap To Ignore

10/17: UOBKH - BUY

CSE GLOBAL LTD (544.SI)
- Solutions For A Secure Future; Initiate BUY

10/11: RHB - BUY

Market Outlook /

Strategy /

Top Stock Picks

Monthly Strategy (November 2018)

Emerging From Red October

- DBS Research 11/02

Singapore Stock Alpha Picks (November 2018)

An October To Forget

- UOB Kay Hian 11/02

Market Strategy Singapore

Corporate Actions Heating Up

- OCBC Investment 10/08

Conglomerate

3Q18 Happenings And Results Preview

- CGS-CIMB 10/05

INDUSTRY SECTOR RESEARCH REPORTS

Banking & Financial
Sector

3Q18 Round-Up ~ Steady Performance In Volatile Environment
UOB Kay Hian 11/07

Consumer
Sector

Ushering In ‘New Retail’
CGS-CIMB 10/22

Energy
Sector

Surge In Imported Coal By China
Phillip Securities 09/07

Healthcare
Sector

National Day Rally 2018 ~ Keeping Healthcare Affordable
CGS-CIMB 08/20

Industrial
Sector

Stick With The Winners
OCBC Investment 09/13

Property
Sector

Raising Average Unit Size
CGS-CIMB 10/18

REIT
Sector

Monthly Tracker ( October 2018 )
Phillip Securities 10/17

Telecommunication
Sector

iPhone XS, XS Max and XR – Not A Game Changer
UOB Kay Hian 09/27

Transportation
Sector

New Competitor For STE; SATS Is Now Our Top Pick In The Sector
UOB Kay Hian 09/10

11/12 COMFORTDELGRO CORPORATION LTD (C52.SI)	PSR
11/12 CITY DEVELOPMENTS LIMITED (C09.SI)	OIR
11/09 GENTING SINGAPORE LIMITED (G13.SI)	MBKE
11/08 YANGZIJIANG SHIPBLDG HLDGS LTD (BS6.SI)	OIR
11/07 CHINA SUNSINE CHEM HLDGS LTD. (CH8.SI)	CIMB
11/05 VENTURE CORPORATION LIMITED (V03.SI)	CIMB
11/02 OVERSEA-CHINESE BANKING CORP (O39.SI)	DBSV
10/31 STARHILL GLOBAL REIT (P40U.SI)	CIMB
10/19 SOILBUILD BUSINESS SPACE REIT (SV3U.SI)	DBSV
10/17 SINGAPORE AIRLINES LTD (C6L.SI)	OIR

11/14 UMS HOLDINGS LIMITED (558.SI)	DBSV
10/25 M1 LIMITED (B2F.SI)	MBKE
08/17 THAI BEVERAGE PUBLIC CO LTD (Y92.SI)	PSR
08/07 ASIAN PAY TELEVISION TRUST (S7OU.SI)	PSR
08/03 BREADTALK GROUP LIMITED (CTN.SI)	RHB
07/31 AEM HOLDINGS LTD (AWX.SI)	CIMB
07/30 CDL HOSPITALITY TRUSTS (J85.SI)	OIR
07/27 SINGAPORE AIRLINES LTD (C6L.SI)	MBKE
07/25 ASCOTT RESIDENCE TRUST (A68U.SI)	OIR
07/06 ROXY-PACIFIC HOLDINGS LIMITED (E8Z.SI)	DBSV

Analysts Say

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

RECENT UPGRADES

RECENT DOWNGRADES

RECENT INITIATION

INDUSTRY SECTOR RESEARCH REPORTS