The Straits Times Index (STI) closed April up 1.7% m-o-m - its sixth consecutive m-o-m gain - riding on the continued economic recovery, say CGS-CIMB Research analysts Lim Siew Khee and Jeremy Ng Choon Heng. The analysts note the gain in April followed the US$2 trillion ($2.7 trillion) US infrastruc...

RHB Group Research analyst Shekhar Jaiswal says the cabinet reshuffle, which will see Lawrence Wong becoming the new Minister for Finance, as well as other shifts within six other ministries, will not impact his view on Singapore’s economic or market outlook. “We expect Singapore to remain polit...

In its Singapore Equity Picks report dated April 16, the team at DBS Group Research says it has turned “net seller” in the past month to capitalise on the “dividend-driven” rally in March to April and to lower its equity exposure in May, which is a seasonally weak month. On this, it has incl...

DBS Group Research analysts Yeo Kee Yan, Chung Wei Le and Janice Chua have recommended investors to accumulate ComfortDelGro (CDG), Dairy Farm and Singapore Telecommunications (SingTel) at bargains as these “laggard large caps”, as the team led by Yeo calls them, offer recovery potential and tra...

Soilbuild REIT has been removed from the FTSE Singapore All Cap Index and the Benchmark Index, announced the manager of Starhill Global REIT on March 30. The Benchmark Index is relevant to the determination of the performance fee that may be paid to the manager under the trust deed constituting Star...

DBS Research Group analysts Rachel Tan and Derek Tan have reiterated their positive stance for Singapore office and US office S-REITs as vaccinations boost a return to normalcy and more workers start returning to offices. In a research note dated March 25, the analysts cite a KMPG survey that found ...

As the vaccine rollout in the US progresses, Prime US REIT is cautiously optimistic on the office sector outlook, says RHB Group Research, as physical offices remain a “key ingredient” for work environments in the US.  RHB Group Research analyst Vijay Natarajan is maintaining “buy” on t...

DBS Group Research analysts Rachel Tan and Derek Tan are remaining positive on US Office S-REITs despite the recent slip amid fears of rate hikes due to the more optimistic outlook on the US economy, and expectations of a quicker and stronger recovery. As macroeconomic data points towards recovery, ...

Following a correction period in February, DBS Group Research sees the Straits Time Index (STI) picking up in the coming months, in-line with a strong March-April seasonal trend as well as an improved outlook for banks and upcoming ex-dividend period. The STI has rebounded from a low of 2,870 in Feb...

SGX stocks are well-known for their generous dividends, but PRIME US REIT takes the cake with a forecasted dividend yield of around 9% by December 2023. Currently trading at just 0.9 times price-to-book (P/B) value, this is a counter that would leave most value investors salivating.  “PRIME U...