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CGS-CIMB Research
Singapore economy
Analysts mostly raise inflation forecasts for 2023 after MAS's tightening move
Inflation is likely to remain elevated in 2022; off-cycles are likely to be done for 2022, note the analysts.
October 19, 2022
Broker's Calls
Analysts remain 'overweight' on tech manufacturers despite negative outlook in near-term
Semicon shipments growth to enter negative growth territory, predicts DBS.
October 19, 2022
Broker's Calls
CGS-CIMB maintains 'add' rating for Capitaland Investment with unchanged TP of $4.59
CGS-CIMB's Lock Mun Yee says CLI has kept fiscal discipline and patience in capital deployment, and remains a play on mega trends.
October 18, 2022
Broker's Calls
CGS-CIMB slashes AEM's TP by over 40% on fears of order deferments
The analysts have, however, retained their “add” call as they see AEM's long-term prospects remaining strong.
October 17, 2022
Broker's Calls
CGS-CIMB downgrades Grand Venture Tech to 'reduce' as front-end diversification could be delayed
The analysts have also slashed their target price estimate to 40 cents from 85 cents before.
October 17, 2022
Broker's Calls
DBS downgrades UMS to ‘hold’, CGS-CIMB slashes target price by almost 40%
This comes after its key customer, Applied Materials (AMAT) lowered its outlook for its 4QFY2022 ending Oct.
October 14, 2022
Broker's Calls
CGS-CIMB lowers CDG's TP to $1.56 despite expectations of further earnings recovery
Keeping his “add” call, CGS-CIMB's Ong Khang Chuen sees CDG as a “comfort” pick.
October 13, 2022
Broker's Calls
CGS-CIMB updates Q&M to 'add' as Acumen's tender win alleviates short-term pressure
"We believe valuations have turned attractive for Q&M": CGS-CIMB as their FY2023 earnings note negligible contribution from Acumen
October 13, 2022
Broker's Calls
CGS-CIMB inspects Enviro-Hub’s prospects in unrated report
Enviro-Hub plans to focus on growing its e-waste recycling and healthcare segments, includin gloves and pharmacies for the latter.
October 12, 2022
Markets
CSE Global announces $33.4 million rights issue, DBS and UOBKH lowers target price
The issue shares will be priced at 33 cents per share.
October 11, 2022