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CGS-CIMB Research
Broker's Calls
Jumbo has clawed out of the red, ‘significant return to profitability' ahead: CGS-CIMB
Jumbo returned to profitability in 2HFY2022 with net profit of $4.4 million, ending FY2022 with a loss of $0.1 million.
December 15, 2022
Broker's Calls
UOB Kay Hian keeps ‘hold’ rating on Kimly, but lowers target price as appetite for future food stalls drops
The analysts think that fewer new coffeeshops and food stalls can be expected in the near future.
December 12, 2022
Broker's Calls
'A year of two halves' for S-REITs, but CGS-CIMB favours CICT and CLAR
“In the near term, we believe that S-REITs would face continued scrutiny on earnings and net asset value (NAV) resilience.”
December 09, 2022
Broker's Calls
CGS-CIMB asks if Vistara-Air India merger ‘makes sense’ for SIA
Does SIA taking a 25.1% stake and injecting $1.24 billion into an enlarged Air India make sense? Find out what CGS-CIMB says.
December 07, 2022
Broker's Calls
Yangzijiang Financial 'deeply undervalued' but CGS-CIMB sees headwinds, cuts TP
The analysts think sustained Covid-19-related lockdowns could prolong lacklustre home sales and further dampen property values.
December 06, 2022
Broker's Calls
Analysts mixed on Frencken’s outlook following 3QFY2022 earnings miss
CGS-CIMB downgraded its call to “reduce” from “add” with lower TP of 95 cents while DBS maintained “hold” with higher TP of $1.05.
November 30, 2022
Broker's Calls
CGS-CIMB takes a closer look at QAF in an unrated report
QAF has steadily grown its bakery revenue at 6.1% CAGR since FY2017, the analyst highlights.
November 30, 2022
Broker's Calls
CGS-CIMB lowers China Sunsine's TP to 60 cents due to potentially weaker FY2023
As at 12.09pm, shares in China Sunsine are trading flat at 41 cents.
November 29, 2022
Broker's Calls
Analysts 'cautiously optimistic' on TDCX’s outlook on FY2023 despite higher-than-expected 3QFY2022 earnings
The analysts have kept their "buy" calls. CGS-CIMB's TP remains at US$13.80 while PhillipCapital's TP is lowered to US$15.50.
November 28, 2022
Broker's Calls
CGS-CIMB expects stronger 2H for Boustead Singapore, raises TP to $1.35
The analyst expects earnings recovery to happen in 2HFY2023, and foresees a much stronger FY2024.
November 28, 2022