Citi Research

Broker's Calls

Maybank Securities and Citi Research maintain 'buy' on Genting Singapore, following tripled 1HFY2023 earnings

Both brokerage houses like Genting Singapore as a post-Covid recovery play, anticipate stronger earnings with return of tourists.

Broker's Calls

Citi Research downgrades Singtel to ‘neutral’ following lowered estimates

Citi has also lowered its target price to $2.68.
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.
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.
'Little financial impact' if Great Eastern proceeds with 'bite-sized' acquisition of AmMetLife: Citi - THE EDGE SINGAPORE

Broker's Calls

'Little financial impact' if Great Eastern proceeds with 'bite-sized' acquisition of AmMetLife: Citi

Ahead of DBS and OCBC's earnings on Aug 3 and 4, one Citi Research analyst maintains his “pair trade idea”, favouring OCBC.
Analysts mixed on DFI Retail Group despite return to profitability - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on DFI Retail Group despite return to profitability

DBS maintains “buy”, and CGS-CIMB and RHB have maintained “hold” and “neutral”, only Citi has upgraded its call to “buy”.
DBS downgrades Sheng Siong to 'hold' with lower TP of $1.76 despite record quarterly gross margin - THE EDGE SINGAPORE

Broker's Calls

DBS downgrades Sheng Siong to 'hold' with lower TP of $1.76 despite record quarterly gross margin

The DBS analysts believe they have been too overly optimistic on their earlier FY2023/FY2024 assumptions.
Analysts keep ‘reduce’ and ‘sell’ calls on SIA despite record quarterly performance - THE EDGE SINGAPORE

Broker's Calls

Analysts keep ‘reduce’ and ‘sell’ calls on SIA despite record quarterly performance

Analysts are pleased as Singapore Airlines records its highest quarterly results.
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