CGS-CIMB Research

Broker's Calls

Analysts upgrade CSE Global after ‘superb’ 1HFY2023 results

CGS-CIMB has upgraded CSE to 'add' while Maybank has called CSE its top pick within the small and mid-cap space.
Analysts retain 'add' and 'buy' calls on ThaiBev after results; CGS-CIMB, PhillipCapital lower TPs - THE EDGE SINGAPORE

Broker's Calls

Analysts retain 'add' and 'buy' calls on ThaiBev after results; CGS-CIMB, PhillipCapital lower TPs

The DBS analysts believe the market is "overly pessimistic" on ThaiBev.

Zest

DBS offers better risk-reward with NIM and dividend

Based on the results of the local banks, DBS Group Holdings’ 2QFY2023 ended June results exceeded the expectations of analysts.

Broker's Calls

Analysts from Maybank, UOBKH raise TPs on DBS after 1HFY2023 results

The analysts' target prices range from $35.30 to $44.35.
Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96 - THE EDGE SINGAPORE

Broker's Calls

Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96

OCBC reported net profit of $3.59 billion for the 1HFY2023, 38% higher y-o-y.
Analysts optimistic on Sembcorp Industries, all keep 'buy' at raised target prices - THE EDGE SINGAPORE

Broker's Calls

Analysts optimistic on Sembcorp Industries, all keep 'buy' at raised target prices

Analysts are optimistic on Sembcorp Industries as the group records earnings of $530 million for 1HFY2023.
CGS-CIMB and Citi analysts lower TPs but stay positive on Venture Corp’s long-term thesis - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB and Citi analysts lower TPs but stay positive on Venture Corp’s long-term thesis

William Tng of CGS-CIMB and Jame Osman of Citi have lowered their TPs to $16.80 and $17.60, down from $18.11 and $19.00.
Analysts raise Yangzijiang Shipbuilding TPs following strong medium-term earnings visibility - THE EDGE SINGAPORE

Broker's Calls

Analysts raise Yangzijiang Shipbuilding TPs following strong medium-term earnings visibility

Yangzijiang could secure US$1 billion to US$1.5 billion of orders in 2HFY2023.

Broker's Calls

CGS-CIMB ups CapitaLand Ascott Trust target price after $300 mil equity fundraising, calls acquisitions 'DPU-neutral'

Stapled securities in CLAS closed 9 cents lower, or 8% down, at $1.03 on Aug 3, after CLAS lifted a trading halt.
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