CGS-CIMB Research Securities

Singapore banks can expect lower net interest margins (NIMs) ahead though credit costs could ease in 2H2020. The reports come after the three local banks posted broad-based net profit declines for 1H20 last week.

CGS-CIMB Ong is reiterating his “buy” or “add” call on Riverstone Holdings at a revised target price of $5.55.

Analysts appear mixed on Far East Hospitality Trust (FEHT), following its performance for 1H2020 ended June.

Analysts from CGS-CIMB Research, DBS Group Research, and Maybank Kim Eng are mixed on CDL Hospitality Trusts (CDLHT) following its results on July 29.

Frasers Centrepoint Trust (FCT)’s operational update on July 20 reported a dip in 1.5 percentage points q-o-q to 94.6% for 3Q20, led by Bedok Point (at -3.7 percentage points q-o-q), and YewTee Point (-2.6 percentage points q-o-q).

De-merging from Sembcorp Marine will reduce SCI's exposure to the flagging marine sector.

SPH’s FY20F profit guidance indicates a significant fall in operating profit, below the $187 million it logged in FY19.

“UG Healthcare remains our preferred pick among the Singapore-listed rubber glove sector, due to its undemanding valuation (a c.60% discount to the Malaysia-listed glove sector average CY21F P/E of 29.3x),” he says in a July 8 note. Specifically, h

CGS-CIMB Research has initiated coverage on Grand Venture Technology (GVT) with an “add” or “buy” call and target price of 26.2 cents.

Analysts may be mixed on the REIT, but they have all cut their DPU estimates for FY20.