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CGS-CIMB Research
Singapore economy
CGS-CIMB positive on SATS, FCT and UOB as reopening picks; small caps may do well in 2Q21
The brokerage has removed Keppel Corp and UOL among its top picks. It has replaced them with ST Engineering and CapitaLand.
July 09, 2021
Broker's Calls
CGS-CIMB sees stronger RevPAR for hospitality REITs, ART remains top pick
ART remains CGS-CIMB's top pick given its higher exposure to markets with stronger domestic demand.
July 08, 2021
Broker's Calls
India's cut in duties on CPO is slightly positive for counters such as First Resources and Wilmar: CGS-CIMB
The CGS-CIMB analysts have kept “add” on both First Resources and Wilmar with target price estimates of $1.69 and $6.15.
July 06, 2021
Broker's Calls
CGS-CIMB expects 2Q21 net profit of $1.15 bil from OCBC; sees DPS of 25 cents in 1H21 on basis of dividend cap lift
The analysts also note that they expect some “normalisation” in OCBC’s earnings following the exceptional trends in the 1QFY2021.
July 06, 2021
Broker's Calls
Japfa's acquisition of China dairy farms will expand capacity that will benefit from higher raw milk prices: CGS-CIMB
CGS-CIMB is bullish on the acquisition, which could expand Japfa's cattle capacity by 19%.
July 05, 2021
Broker's Calls
Analysts upgrade estimates on Yangzijiang's earnings and order wins following new US$871 mil order win
CGS-CIMB has kept its target price of $1.63 while UOB Kay Hian has upped its target price estimate to $1.90.
July 02, 2021
Singapore economy
CGS-CIMB keeps end-2021 STI target at 3,488 points in June wrap-up
The analysts have included Yangzijiang, SPH, Keppel Corp, Grand Venture Tech, UOB and CDG among their top picks.
July 02, 2021
Broker's Calls
Analysts up Suntec REIT's TP estimate following latest divestment and acquisition of prime London office
CGS-CIMB has upped its TP to $1.79, while RHB has increased its TP to $1.76.
July 01, 2021
Broker's Calls
Potential gains on divestment in Raffles City developments could bolster CapitaLand's bottomline for FY2021: CGS-CIMB
As at 1.19pm, shares in CapitaLand are trading 1 cent lower or 0.3% down at $3.70 or 0.82 times P/BV, according to CGS-CIMB.
July 01, 2021
Broker's Calls
iFast 'well-positioned' in bid for Malaysian digital banking licence: CGS-CIMB
Competition will be stiff, notes CGS-CIMB Research, with a reported 40 applicants vying for up to five licences.
July 01, 2021