UOBKayHian (UOBKH) is continuing to look at equities with a focus on high-quality companies that have a strong earnings outlook, re-opening plays, exposure to the Chinese market as well as selected cyclicals. “With subdued near-term inflation and aggressive monetary policies globally, interest rat...

The Singapore market is awakening and the worst of the earnings cuts has passed, say DBS Group Research analysts Yeo Kee Yan and Janice Chua in an Oct 13 report.  Yeo and Chua note that the benchmark Straits Times Index (STI) is trading at slightly above average price-to-earnings (PE) as the 3Q...

As Covid-19 continues to devastate the global economy, DBS Research analyst Yeo Kee Yan and her team have placed their hopes for economic recovery on the successful development of a viable vaccine. With 38 candidates now undergoing clinical evaluations, one or more positive outcomes will be the spar...

THE coronavirus pandemic has been destructive but it could prove to be a blessing in disguise for mainboard-listed transport giant ComfortDelGro Group, as a dampening of demand seems to have catalysed the private hire industry's right-sizing.

The taxi business here will see gradual improvement once Phase 3 of Singapore’s re-opening begins, says RHB analyst Shekhar Jaiswal in an Oct 7 note. Jaiswal is maintaining his “buy” call on the transport operator, with a target price of $1.70. “ComfortDelGro should benefit from gradual impr...

DBS Group Research says the award of the Sembawang-Yishun and Bulim bus contracts to Tower Transit was a “surprise” for the sector.  On Oct 1, the Land Transport Authority announced the award of the Sembawang-Yishun and Bulim bus contracts to Tower Transit for a 5-year term at a total ...

The lower case count of Covid-19 infections in Singapore has pushed the authorities to ease its Phase 2 measures which took effect on June 19.  Starting September 28, employees – most of whom had been working from home since the circuit breaker measures were imposed on April 7 – will be all...

UOB Kay Hian has maintained its “buy” rating on ComfortDelGro with a target price of $1.78, citing an “encouraging uptrend” in taxi fares and rides, as well as extended government support.  Analyst Lucas Teng said taxi rides are back to 70% of pre-Covid-19 levels, while fares are a...

CGS-CIMB Research has initiated coverage on SBS Transit with an “add” rating, making it the first brokerage in Singapore to do so. The brokerage has also given the stock a target price of $3.40, representing a 21.9% upside to the stock’s last closed price of $2.79 last Friday (September 18). C...

CGS-CIMB analyst Ong Kang Chuen and Cezzane See have upgraded their rating on ComfortDelGro (CDG) to “add” from “hold” with a raised target price of $1.70, compared to $1.40 previously.  The analysts said they are “positive” that there is room for further relaxation of social- dista...