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 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 ...

DBS Group Research analysts Yeo Kee Yan and Janice Chua believe that the 2QFY2022 performance of SGX-listed counters has “allayed” concerns of further lows.In a report dated Aug 24, the analysts write that the 2QFY2022 results season “debunked immediate slowdown concerns”, reflecting Singapo...

Policymakers and central bankers are now compelled to deal with higher-than-expected inflationary pressures, which — if left uncurbed — risk destabilising financial and economic systems and not merely weakening the spending power of consumers.While the fight to rein in inflation is not new, the ...

While Singapore’s economy in the first half had enjoyed a “powerful” post-pandemic boost, this tailwind is expected to dissipate in the second half of the year. “We think global headwinds will start to dominate,” warns Maybank’s co-head for macro research Chua Hak Bin.Maybank sees Singap...

Analysts have generally maintained their positive view on Venture Corp after the bluechip manufacturing services firm reported better-than-expected earnings for 1HFY2022.For the six months to June 30, Venture Corp reported earnings of $174 million, up 24% y-o-y. Besides growing the topline, the comp...

Analysts have generally maintained their positive view on Venture Corp after the blue-chip manufacturing services firm reported better than expected earnings for 1HFY2022.For the six months to June 30, Venture Corp reported earnings of $174 million, up 24% y-o-y. Besides growing the topline, the com...

VENTURE Corporation reported a 24.1 per cent year-on-year increase in net profit for the first half ended June 2022, on the back of higher revenue.

Blue chip manufacturing services provider Venture Corp has reported 1HFY2022 earnings of $174.3 million, up 24.1% y-o-y. Revenue in the same period was up 25.4% to $1.8 billion, with broad-based improvement across its various customer segments.The company plans to maintain its interim dividend at 25...

CGS-CIMB Research analyst William Tng has maintained his “overweight” call on the tech manufacturing sector, handing “add” calls to all the companies under the brokerage’s coverage.The companies are AEM, Grand Venture Technology and Venture Corp, which are given target prices of $6.85, $1....

DBS Group Research equity analysts Yeo Kee Yan and Janice Chua say that the market faces a “correction” this month according to historical trends, following the rebound seen in July.The Straits Times Index (STI) had a 3.35% month-on-month (m-o-m) rebound in July, in line with Yeo and Chua’s ex...

UOB Kay Hian has added Sembcorp Industries and BRC Asia to its alpha picks portfolio for the month of August.The team’s portfolio outperformed the Straits Times Index (STI) in July, increasing by 5.4% on a market cap weighted basis versus the market’s 3.5% increase.Six stocks in UOB Kay Hian’s...

High input costs and interest rates could hurt corporate earnings, especially for companies with high borrowings, says OCBC Investment Research head Carmen Lee.Value or mature companies are less likely to have high debts, she adds. “In addition, with risk assets down for the year, this has a flow-...

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

Islamic finance is enjoying renewed impetus amid ESG growth. Industry players here are collaborating to grow this sector beyond the periphery.The demand for Islamic finance products and services has seen expanding uptake as investors gravitate towards the megatrend of environmental, social and gover...