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Citi Investment Research
Singapore economy
Analysts keep earlier growth projections despite official narrowing of GDP growth range
Singapore narrowed its full-year GDP growth projection range to 0.5% to 1.5%, down from its previous estimate of 0.5% to 2.5%.
August 17, 2023
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.
August 07, 2023
Broker's Calls
Analysts mostly positive on Seatrium despite $264 mil loss in 1HFY2023
CGS-CIMB, OCBC and DBS have maintained their “add” and “buy” calls, while Citi is keeping “sell” on Seatrium.
August 01, 2023
Broker's Calls
EMA’s energy price cap to have ‘minimal impact’ on Citi’s forecast for Sembcorp
Citi analyst Jame Osman has reiterated his "buy" rating for Sembcorp with an unchanged TP of $5.98.
June 21, 2023
Broker's Calls
Pullback in Venture Corp shares overdone, enhanced opportunity to accumulate: Citi
In the medium-term, the analyst sees structural opportunities for the company from supply chain relocation.
June 15, 2023
Broker's Calls
Digital Connectivity Blueprint potential boon for Netlink NBN Trust
Netlink indicated that its existing passive network could already support 10Gbps.
June 06, 2023
Broker's Calls
Grab to explore new growth opportunities although geographical expansion unlikely
Heading into 2QFY2023, Grab has seen stronger sequential improvement for both food and ride-hailing businesses.
May 30, 2023
Broker's Calls
Analysts cheer CapitaLand Ascendas REIT’s strong 1QFY2023 rental reversion
The REIT remains a defensive shelter amid the current market volatility.
May 04, 2023
Broker's Calls
Analysts mixed on MPACT's 4QFY2023 results; CGS-CIMB downgrades to 'hold'
CGS-CIMB analysts have lowered their estimates for MPACT’s FY2024 and FY2025 DPU by 8.9% and 6.2% respectively.
May 02, 2023
Broker's Calls
Analysts positive on Sembcorp Marine after 'landmark' EUR6 bil renewables contract win
CGS-CIMB and UOB Kay Hian have kept their “add” and “buy” calls, while Citi Research is the only brokerage to keep its "sell" call
March 31, 2023