Maybank Kim Eng Research

Broker's Calls

Sheng Siong likely to be hampered by slow supermarket sales, says Maybank

SINGAPORE (Oct 16): Maybank Kim Eng Research is reiterating its “sell” call on mass-market supermarket operator Sheng Siong Group (SSG) with an unchanged target price of 96 cents, on the back of “tepid” supermarket sales.

Investing ideas

SPH REIT in need of more accretive acquisitions, analysts say

SINGAPORE (Oct 14): SPH REIT saw its earnings for the FY19 ended August boosted by its two acquisitions in FY18 – The Rail Mall and Figtree Grove Shopping Centre. But analysts say this might not be enough for the REIT to earn a re-rating.

Singapore economy

Singapore expected to dodge technical recession in 3Q even as economy stalls

SINGAPORE (Oct 3): Amid a stagnating economy and low core inflation, the Monetary Authority of Singapore (MAS) is widely expected later this month to ease its monetary policy stance for the first time since April 2016.

Broker's Calls

Mapletree Commercial Trust cut to 'hold' despite bullish sentiment over MBC acquisition

SINGAPORE (Sept 30): Analysts are bullish on Mapletree Commercial Trust (MCT), after the REIT announced Friday it is acquiring Mapletree Business City (Phase 2) for a total of $1.58 billion.

Broker's Calls

Singapore banks poised to deliver dividend yields among highest across region, says Maybank

SINGAPORE (Sept 26): Maybank Kim Eng Research forecasts that the Singapore banks will deliver a dividend yield of 5.2% for FY2020E – among the highest in the region.

Broker's Calls

Mapletree Industrial Trust gaining growth momentum with latest US1.4 bil data centre acquisition

SINGAPORE (Sept 19): Mapletree Industrial Trust (MINT) is poised to up its stability and growth following its acquisition of a US$1.37 billion ($1.88 billion) data centre portfolio in North America, says Maybank Kim Eng Research.

Investing ideas

Analysts cut ComfortDelGro's earnings forecasts despite positive 2Q results

SINGAPORE (Aug 15): ComfortDelGro Corporation may have posted a positive set of financial results for the 2Q19 ended June. But a peek under the hood reveals that the land transport conglomerate has not been firing on all cylinders.

Investing ideas

Will OCBC's interim dividend surprise be enough to snare investors?

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) surprised market observers with a higher-than-expected interim dividend payout of 25 cents per share for the 1H19 ended June, 25% higher than a year ago.

Investing ideas

Lady Luck smiles on Genting Singapore in 2Q but will it be enough to turn the tables?

SINGAPORE (Aug 6): Genting Singapore (GENS) did not disappoint consensus estimates in the 2Q19 ended June. But it remains to be seen how the integrated resort and casino operator will deal with a challenging mass market business, which saw a considerable
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