CGS-CIMB Research

Broker's Calls

CGS-CIMB ‘overweight’ on building materials sector with BRC Asia as top pick

Apart from improving labour, the analysts note that construction output recovered well in July.

Broker's Calls

CGS-CIMB lowers Top Glove's TP to 50 sen as it sees 'tough times' ahead

Top Glove's current valuations have yet to fully account for its weak near-term earnings prospect: CGS-CIMB

Broker's Calls

CGS-CIMB maintains ‘buy’ on Yangzijiang Shipbuilding as it looks to build larger LNG carriers

Yangzijiang could be actively bidding for up to US$3.7 billion of new orders in the pipeline.
Analysts positive on Ascendas REIT with cold storage logistics facility acquisition - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on AREIT following cold storage logistics facility acquisition

CGS-CIMB’s Lock Mun Yee has lifted her TP slightly to $3.21 from $3.20 previously.
IHH has 'plenty [of] opportunities to grow' despite termination of Ramsay Sime-Darby acquisition: CGS-CIM - THE EDGE SINGAPORE

Broker's Calls

IHH has 'plenty [of] opportunities to grow' despite termination of Ramsay Sime-Darby acquisition: CGS-CIMB

CGS-CIMB is keeping its 'add' call and target price of RM8.07 ($2.50) on IHH.
CGS-CIMB maintains ‘hold’ on Sea as it pushes for profitability - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB maintains ‘hold’ on Sea as it pushes for profitability

Despite the 'hold' call, the analysts expect sentiment on the stock to stay weak in the near-term.
Purchase consideration for confectionary business 'fair', CGS-CIMB maintains 'hold' on Kimly  - THE EDGE SINGAPORE

Broker's Calls

Purchase consideration for confectionary business 'fair', CGS-CIMB maintains 'hold' on Kimly

The analysts believe the disposal is largely due to a lack of realisable synergies with Kimly’s core coffee shop operations.

Broker's Calls

UOB Kay Hian expects Tiong Woon Corp's FY2023 EPS to grow by 54%

CGS-CIMB, in an unrated report, thinks the company stands a good chance of taking part in the Hengyi project.

Broker's Calls

Analysts cheer Sembcorp's divestment of India power plants

Sembcorp enjoyed a further lift from a slew of positive calls from analysts following news of the proposed sale of its India plant
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