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Citi Research
Broker's Calls
Citi ups Grab’s TP to US$5.20; opens 30-day positive catalyst watch
Citi's analysts have also increased their revenue estimates for the 4QFY2023 as they expect to see "solid" results.
January 22, 2024
Singapore economy
REIT and semiconductor sectors among the favourites
With interest rate cuts set to happen this year, most analysts have turned positive on S-REITs.
January 11, 2024
Singapore economy
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty
Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.
January 04, 2024
Broker's Calls
Analysts keep TPs and estimates despite Seatrium’s project cancellation
The cancellation may negatively impact Seatrium's share price despite the relatively small contract compared to its order book.
January 04, 2024
Broker's Calls
Citi keeps ‘buy’ on Netlink, sees possibility of re-rating if rates fall
Analyst Luis Hilado has maintained his target price of $1.06.
January 04, 2024
Singapore economy
Citi ups core inflation forecast for December; sees slightly higher risk of a slope steepening at January MPS
UOB sees a rising risk that the reversal of monetary policy tightening may be delayed to the MPS in July instead.
December 27, 2023
Broker's Calls
Citi lowers Keppel DC REIT’s TP to $2.18 after the REIT’s LOD to Guangdong DCs
Citi's Lee has also cut his DPU estimates for FY2023, FY2024 and FY2025 by 1.6%, 8.3% and 8.3% .
December 18, 2023
Broker's Calls
TikTok Shop Indonesia's combination with Tokopedia a net negative for Sea's Shopee
Shopee is expected to fight vigorously for market share in Indonesia following the move by TikTok and GoTo.
December 14, 2023
Broker's Calls
Keppel Corporation’s acquisition of Aermont Capital ‘checks all boxes’
Keppel Corporation sees minimal overlap between itself and its planned acquisition, Aermont Capital.
December 06, 2023
Broker's Calls
Citi lowers FLCT's TP to $1.24, cuts FY2024 and FY2025 DPU estimates by 8.4%
The analyst has also introduced FY2026 DPU estimate of 7.55 cents.
December 05, 2023