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Citi Investment Research
Singapore economy
Singapore faces uneven recovery in 2023 with impact of China’s reopening still uncertain
Singapore saw significant sectoral variation in its 4Q2022 GDP performance, and further divergence could lie ahead.
February 13, 2023
Broker's Calls
CGS-CIMB and OCBC increase TP for MPACT, maintain 'add' and 'hold' calls
CGS-CIMB and OCBC raised their TPs to $2.08 and $1.81 from $1.98 and $1.72 previously; Citi has kept 'buy' and a TP of $1.90.
February 06, 2023
Broker's Calls
Citi maintains 'buy' rating on Genting Singapore off the back of MBS results beat
Analysts George Choi and Ryan Cheung say they expect Resorts World Sentosa to enjoy a similar recovery for 4QFY2022.
January 27, 2023
Broker's Calls
Citi upgrades NetLink to 'buy' as negatives from stock’s 'sharp decline' is 'likely priced in'
Citi Investment Research analysts say the stock’s sharp decline has more than fully factored in interconnect rate cuts in 4QFY2023
November 01, 2022
Broker's Calls
Analysts expect Genting Singapore to see a better 3QFY2022 after positive surprise from rival MBS
UOB Kay Hian has kept ‘overweight’ on the gaming sector and ‘buy’ on Genting Singapore. Citi has also kept ‘buy’ on Genting.
October 21, 2022
Broker's Calls
Citi and DBS maintain 'buy' calls for CapitaLand Investment with TPs of $4.67 and $4.30
Citi’s Brandon Lee says CLI is charting a long-term path, with its short-to-medium term objectives remaining unchanged.
October 19, 2022
Broker's Calls
Citi reiterates 'buy' call for Keppel as order book reaches highest level since 2007
Keppel O&M's repeat newbuild FPSO contract win from Petrobras worth US$2.8 billion brings Keppel’s order book to $11.8 billion.
September 29, 2022
Singapore economy
MAS double tightening of upward re-centring and slope steepening 'likely' in Oct: Citi
The Citi analysts believe there is a 60% chance of at least 100bps upward re-centring and concurrent 50bps slope steepening.
September 19, 2022
Broker's Calls
Maybank upgrades call on Genting Singapore to ‘buy’ while raising FY2022 earnings estimate by 78%
Citi Research has also given the counter a “buy” call after MBS’s earnings came in as a “positive surprise”.
July 22, 2022