HSBC Global Research

Broker's Calls

S-REITs ‘in better shape’ than two years ago; CICT, MLT top picks: HSBC

HSBC favours stocks with embedded growth, like CICT; and REITs that have priced in most of the negative news, like MLT.

Singapore economy

MAS likely to keep policy parameters unchanged in upcoming October meeting: analysts

The MAS is slated to hold its monetary policy meeting on Oct 13.
Foodpanda deal could be ‘value-accretive’ for Grab, says HSBC - THE EDGE SINGAPORE

Broker's Calls

Foodpanda deal could be ‘value-accretive’ for Grab, says HSBC

HSBC's analysts expect Grab to turn adjusted ebitda positive in 3QFY2023 and FCF-positive in FY2024.

Broker's Calls

Analysts unanimous on Grab’s improved prospects after 2QFY2023 outperformance

Analysts from Citi, Maybank, HSBC and CGS-CIMB have each maintained their “buy” and “add” calls.

Labour market

Future of work’s impact on the economy could stretch beyond the traditional economic metrics: HSBC

One of the key challenges in the coming years is a structurally different backdrop in terms of labour supply.

Singapore economy

Inflation to ease further into 2023 after momentum slows in May but MAS easing still not expected in Oct: Analysts

Singapore’s core inflation slowed to 4.7% in May, an increase of just 0.1% m-o-m, down from 5.0% in April.
Analysts reduce their full-year NODX forecasts after May slump - THE EDGE SINGAPORE

Singapore economy

Analysts reduce their full-year NODX forecasts after May slump

Singapore’s May NODX plunged with a contraction of 14.7% y-o-y, significantly worse than Bloomberg’s median estimate of -7.9%.
Analysts positive on SembMarine after EGM, management updates - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on SembMarine after EGM, management updates

SembMarine's EGM is scheduled to take place on Feb 16.
'Buy' United Hampshire US REIT on latest accretive acquisitions - THE EDGE SINGAPORE

Broker's Calls

'Buy' United Hampshire US REIT on latest accretive acquisitions

HSBC is keeping 'buy' on United Hampshire US REIT following its maiden acquisitions.
Analysts start CapitaLand Investment at 'buy' with TPs of $3.64 and $3.90 - THE EDGE SINGAPORE

Broker's Calls

Analysts start CapitaLand Investment at 'buy' with TPs of $3.64 and $3.90

As at 12.55pm, shares in CLI are trading 7 cents lower or 2.06% down at $3.33.
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