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...

As distancing measures are set to ease on April 5, DBS Group Research analyst Alfie Yeo expects stocks exposed to domestic consumption to benefit. To this end, Yeo has kept “buy” on ComfortDelGro (CDG), Koufu, Sheng Siong Group and Dairy Farm International. “We are positive on CDG for increase...

RHB Group Research has downgraded Dairy Farm to “neutral” from “buy”, while analysts from DBS Group Research and CGS-CIMB have maintained “buy” or “add” on the supermarket convenience store operator following the release of its FY2020 results on March 11. Dairy Farm, for the FY2020 e...

THE following companies saw new developments that may affect trading of their securities on Friday.

Jardine Matheson Holdings (JMH) and Jardine Strategic Holdings (JSH) reported 32% and 35% lower earnings to US$1.085 billion and US$1.094 billion for the FY2020 ended December, from earnings of US$1.589 billion ($1.46 billion) and US$1.681 billion a year ago. This was mainly due to the negative impa...

Dairy Farm, the supermarket and convenience store operator under the Jardine Matheson group, announced earnings of US$276 million ($371.4 million) for the FY2020 ended December, 14% lower than earnings of US$321 million for the FY2019. Accordingly, earnings per share (EPS) for the FY2020 stood 14% l...

DAIRY Farm International on Thursday reported a full-year net profit of US$271 million, a fall of 16 per cent from a year ago, even as total sales increased 2 per cent to US$28.2 billion.

Opposition from minority shareholders to a restructuring effort by the Jardine Group is growing, with some investors considering going to court over its plan to buy out a London and Singapore-listed unit for what they say is a US$1 billion ($1.34 billion) discount. See: Jardine Matheson Ho...

RHB Group Research is reiterating its “buy” recommendation on supermarket operator Sheng Siong with an unchanged target price of $1.87. Sheng Siong is also its preferred pick for retail staple food stocks. Although Singapore’s Covid-19 situation has stabilised, analyst Juliana Cai continues to...

The Straits Times Index (STI) was down 0.08% or 2.53 points to 2,990.66 as at 1.59pm amid growing optimism in the US markets due to the announcement of a potential stimulus aid worth trillions of US dollars. Week-on-week, the benchmark index grew 4.6% from the previous week’s (Jan 4) 2,858.90.AdCh...