DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

CGS-CIMB Securities group CEO Carol Fong has confirmed a split between the brokerage’s parent companies, with China Galaxy Securities (CGS) assuming full control by January 2023.Speaking to The Edge Singapore on Sept 28, Fong says a call and put option has already been put in place. “By January ...

As the US Federal Reserve (US Fed) lifted interest rates by 75 basis points (bps) for the third consecutive time on Sept 22, CLSA Research analysts Neel Sinha, Yew Kiang Wong and Horng Han Low are expecting several industries such as the property and REITs sector to take a hit, with the exception of...

UOB Kay Hian analyst Llelleythan Tan has kept his “buy” call on ComfortDelGro (CDG) as he sees the group’s rail ridership recovery as being on track.In August, CDG’s rail ridership improved by 55.8% y-o-y and 5.0% m-o-m, accounting for 86.2% of its pre-pandemic levels as at August 2019.“Th...

UOB Kay Hian (UOBKH) believes ComfortDelGro’s (CDG) fundamentals remain intact despite expectations of short-term downward pressure on its share price performance, after the counter was dropped as a Straits Times Index (STI) constituent with effect from Monday (Sep 19).

ComfortDelGro Price target: CGS-CIMB Research ‘add’ $1.75 DBS Group Research ‘buy’ $1.95 Positive forecast despite STI exit Analysts remain upbeat on ComfortDelGro (CDG)’s prospects even after the transport operator was displaced by Emperador as a constituent on the benchmark Straits Time...

ComfortDelGro’s (CDG) exclusion from the Straits Times Index (STI) is a “much-needed relief”, says RHB Group Research analyst Shekhar Jaiswal.“A technical overhang on [CDG’s] share price is now cleared,” he adds.CDG was displaced by Mainboard-listed brandy maker Emperador after the FTSE ...

Both the chairman and CEO of Mooreast Holdings have increased their stake in the company after the specialist in mooring systems reported a y-o-y doubling of earnings for 1HFY2022 ended June.On Aug 15, founder and CEO Sim Koon Lam acquired 150,900 shares on the open market at an average of 13.66 cen...

UOB Kay Hian has added Nanofilm to its alpha picks portfolio for the month of September.The addition comes as the team believes Nanofilm’s new product launches and market expansions will lead to a strong 2HFY2022.At the same time, the team has removed AEM from its portfolio as it expects a weaker ...

THE displacement of ComfortDelGro from the Straits Times Index (STI) by Philippines-based liquor giant Emperador marks another step towards internationalisation for the market barometer.

Analysts are remaining positive on ComfortDelGro (CDG)’s prospects even after the transport operator was displaced by Emperador as a constituent on the benchmark Straits Times Index (STI) during the FTSE Russell’s quarterly review on Sept 1.CDG entered into the STI as a constituent over 12 years...

SHARES of mainboard-listed Emperador rose Friday (Sep 2) morning on heavy volumes <a href="https://www.businesstimes.com.sg/companies-markets/comfortdelgro-dropped... target="_blank">after news that the stock will be replacing </a>ComfortDelGro as a constituent on ...

THE following companies saw new developments that may affect trading of their securities on Friday (Sep 2): 

Emperador, which listed on the Singapore Exchange (SGX) in July, has displaced ComfortDelGro (CDG) as one of the 30 constituents on the benchmark Straits Times Index (STI).The Mainboard-listed brandy maker received its eligibility to list on the SGX on April 13. It is the first Phillipine Stock Exch...

TRANSPORT company ComfortDelGro has been dropped from the Straits Times Index (STI) in the latest quarterly review, with recently-listed Emperador replacing it on the benchmark index.