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Broker's Calls

Sheng Siong downgraded by brokers after recent rally, but outlook remains positive

SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price

Broker's Calls

Dairy Farm downgraded on time required for strategic review to bear fruit

SINGAPORE (Mar 9): CIMB is downgrading its call on Dairy Farm International to “hold” from “add” previously with a lower target price of US$8.40 from US$9.18 after the group’s FY17 core net profit came in below the research house’s expectation

Broker's Calls

Does Suntec REIT's rally have legs?

SINGAPORE (Jan 25): DBS Vickers Securities is reiterating its “buy” call on Suntec REIT with an unchanged target price of $2.30 after its manager on Wednesday posted a 4Q distribution per unit (DPU) of 2.604 cents, in line with expectations.

Broker's Calls

ThaiBev downgraded on anticipation of post-acquisition hangover

SINGAPORE (Dec 20): CIMB Research has downgraded its call on Thai Beverage (ThaiBev) while lowering its target price on the stock by 15 cents to $1, after imputing a potential impact to the group’s balance sheet from a recent acquisition which the resea

Broker's Calls

ComfortDelGro downgraded as taxi business slows

SINGAPORE (Nov 14): RHB Research is downgrading its call on ComfortDelGro (CDG) to “neutral” from “buy” with a lower target price of $2 from $2.60 previously, on expectations that the sequential decline in the group’s Singapore taxi fleet and hi

Broker's Calls

Courts Asia gets downgraded to 'hold' on weaker outlook

SINGAPORE (Nov 13): DBS is downgrading its recommendation on Courts Asia to “hold” from “buy” previously with a lower target price of 36 cents on weaker outlook for earnings on a tougher credit environment in Malaysia.

Broker's Calls

SIIC Environment downgraded on disappointing 3Q results

SINGAPORE (Nov 10): RHB Research is downgrading its call on SIIC Environment Holdings to “neutral” from “buy” with a  lower target price of 54 cents from 82 cents previously.

Broker's Calls

What's troubling Soilbuild REIT in spite of improved occupancy

SINGAPORE (Oct 16): Phillip Capital is downgrading Soilbuild Business Space REIT to “reduce” on worsening arrears, while raising its discount rate to 7.9% from 6.9% on the basis of higher uncertainty in future cash flows.

Moody's downgrades outlook on Frasers Commercial Trust to 'negative' with Baa2 rating

SINGAPORE (Sept 26): Moody’s Investor Service has downgraded its outlook on all of its ratings for Frasers Commercial Trust (FCOT) to “negative” from “stable”.

Broker's Calls

The glory of this stock's super growth is finally fading

SINGAPORE (Sept 25): CIMB Research is downgrading its call on SATS to “reduce” from “hold” with a lower price target of $4.24 compared to $5.11 previously, after accounting for slower revenue growth from food solutions and its Japanese subsidiary,
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