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CGS-CIMB Research
Broker's Calls
Analysts optimistic on IHH Healthcare on further recovery in core businesses
IHH is currently trading at a very attractive FY22 EV/ebitda of 14x, close to -2 SD of its historical range.
August 30, 2022
Broker's Calls
Analysts remain positive on Singtel after 1Q earnings show 'decent start' to FY2023
The analysts have estimated target prices of between $2.90 to $3.55.
August 29, 2022
Broker's Calls
SG semicon sector’s trading at a discount to Malaysian counterpart ‘not justified’: CGS-CIMB
Tng's top pick on the SGX is UMS Holdings, but he also includes AEM and GVT in his picks.
August 29, 2022
Broker's Calls
Analysts keep their 'add' and 'buy' calls for Grab amid push for profitability
The easing competitive landscape enables Grab to accelerate their path to profitability.
August 26, 2022
Property
CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'
CGS-CIMB has identified CLI, CDL and UOL Group as its top picks within the sector.
August 24, 2022
Broker's Calls
CGS-CIMB keeps 'add' rating for China Yuchai with reduced TP of US$13.60
The lower TP comes off the back of China Yuchai’s below expectation 1HFY2022 net profit of RMB94 million, 63% lower y-o-y.
August 24, 2022
Broker's Calls
CGS-CIMB ups Hong Leong Asia's TP on 141% surge in building materials segment
Shares in Hong Leong Asia are trading at 73.5 cents, down 13.5% year-to-date.
August 24, 2022
Broker's Calls
CGS-CIMB upgrades SIA to 'add' with higher TP of $6.10 on the back of boosted demand
For FY2023, CGS-CIMB sees the SIA group returning to around 74% of its pre-Covid-19 capacity and rising to at least 95% in FY2024
August 23, 2022
Broker's Calls
CGS-CIMB downgrades SingPost from 'add' to 'reduce' with lowered TP of 55 cents as P&P segments suffer
International post and parcel volumes fell 33% y-o-y in 1QFY2023
August 22, 2022
Broker's Calls
Analysts continue to like UOL Group after strong 1HFY2022 results
CGS-CIMB and OCBC Investment Research have kept their "add" and "buy" calls with respective TPs of $8.00 and $8.52.
August 22, 2022