downgrade

SINGAPORE (Aug 18): CIMB is downgrading its rating on Mermaid Maritime to “reduce” with a target price of 14 cents after the group’s order book narrowed alarmingly to US$99 million ($135.1 million) in 2Q17.

SINGAPORE (July 25): CIMB Research has cut its rating for CSE Global to “reduce”, from “add” previously. In addition, the research house has slashed CSE’s target price to 39 cents, from 56 cents previously.

SINGAPORE (July 14): CIMB is downgrading its rating on Duty Free International (DFI) from “add” previously to a “hold” with a lower target price of 33 cents.

SINGAPORE (July 12): Credit Suisse is downgrading its rating on Oversea-Chinese Banking Corporation (OCBC) to “neutral” from “outperform” with a lower target price of $10.90 given the bank has limited scope to raise its dividends given its current

SINGAPORE (June 28): CIMB Research is downgrading SIA Engineering from "hold" to “reduce” with a lower price target of $3.86 in view of the stock’s expensive valuations and limited catalysts.

SINGAPORE (June 20): OCBC has downgraded Ascendas REIT to “hold” from “buy” with an unchanged fair value estimate of $2.66 given valuations are no longer valuable at this juncture.

SINGAPORE (May 24): For the first time since 1989, Moody’s Investors Service has downgraded China’s long-term local currency and foreign currency issuer ratings to “A1” from “Aa3”, on expectations that the republic’s financial strength will

SINGAPORE (May 15): UOB Kay Hian has downgraded ST Engineering from “buy” to “hold” even as it raised its target price to $3.90 from $3.70 previously.

SYDNEY (May 9): Australia’s AAA rating is again under the microscope as the government prepares to deliver a budget Tuesday that appears long on spending pledges and short on savings.

SINGAPORE (April 25): RHB and Maybank Kim Eng Research have lowered their price targets on Raffles Medical Group (RMG) to $1.49 from $1.72, and to $1.67 from $1.70 respectively after the group posted a marginal 1.7% decline in 1Q17 revenue yesterday on so