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CGS-CIMB Research
Broker's Calls
Netlink NBN Trust results in-line with analysts’ expectations
On Nov 3, Netlink reported a distribution per unit (DPU) of 2.65 cents for the 1HFY2024 ended September, 1.1% higher y-o-y.
November 07, 2023
Broker's Calls
CGS-CIMB lowers target price for Paragon REIT to 88 cents after limited upside potential
Paragon REIT has made an improvement in operating metrics, but higher cost of equity and slowdown in consumer spending loom.
November 07, 2023
Broker's Calls
'Work in progress' or 'worth a shot'? DBS upgrades Manulife US REIT to 'buy' on impending debt restructuring plan
“We sense that the tripartite discussions to resolve the debt covenant breach is likely approaching a resolution.”
November 07, 2023
Broker's Calls
CGS-CIMB upgrades Japfa to ‘add’ as it thinks Japfa could finish FY2023 in the black
Japfa's target price is now at 28 cents from 20 cents previously.
November 02, 2023
Broker's Calls
Analysts like CapitaLand Ascendas REIT’s defensive attributes; Maybank upgrades to ‘buy’
The analysts' target prices range from $2.65 to $3.06.
November 01, 2023
Broker's Calls
Analysts mixed on UOB’s outlook after 3QFY2023 results
Analysts' target prices range from $29.70 to $35.90.
November 01, 2023
Broker's Calls
Analysts mixed on MPACT; CGS-CIMB upgrades to 'add' with lower TP; Maybank downgrades to 'hold' with lower TP
All analysts note that the REIT’s Singapore assets continue to outperform, but decline in DPU was due to higher costs and forex.
October 31, 2023
Broker's Calls
Wilmar showing signs of mending profitability, analysts keep 'buy'
Wilmar’s FY2024 earnings could recover from the low level expected this year, mainly on the trend of improving sales volume.
October 31, 2023
Broker's Calls
Analysts trim estimates and TPs on FCT after 2HFY2023 and FY2023 results
The analysts' target prices range from $2.12 to $2.60.
October 30, 2023
Broker's Calls
DBS, UOBKH and CGS-CIMB analysts keep 'buy' and 'add' calls on MINT, while Citi and Maybank keep 'neutral' and 'hold'
This follows the REIT’s 2QFY2023/2024 ended Sept 30 results with “healthy gearing” and robust rental reversions, say analysts.
October 30, 2023