Maybank Kim Eng Research

All brokerages agree that the palm oil producer’s net profit for 1Q20 came up to a fraction of their full-year estimates.

After negative oil prices in April, Maybank Kim Eng things are looking up for oil in Southeast Asia.

For 1Q2020 ended March, Maybank Kim Eng Research analyst Chua Su Tye says that S-REITs had a ‘decent start’ despite conserving copious amounts of cash in light of the macroeconomic uncertainty.

Mainly because of higher provisions, the three Singapore banks have posted double-digit y-o-y lower earnings growth for 1Q2020 ended March.

AEM Holdings surged 19.4% to close at $3.08 on May 8, after the company raised its revenue guidance and a flurry of analysts’ upgrades followed.

“We remain comfortable that MLT’s pure logistics exposure is least impacted by the Covid-19 outbreak and Singapore’s tightening restrictions on workspaces,” says DBS Group Research lead analyst Derek Tan.

Frasers Centrepoint Trust (FCT), Mapletree Commercial Trust (MCT) and ESR REIT have retained 50%, 30% and 60% of their distributable income figures respectively in light of Covid-19 uncertainties.

Maybank analyst Lai Gene Lih identifies AEM Holdings to be the brokerage’s top tech sector pick, while remaining positive on UMS Holdings and Valuetronics. In contrast, the brokerage has downgraded Venture Corp and Hi-P International to "sell".

Valuetronics has what analysts term a 'robust balance sheet' with a cash position of HK$1 billion and no debt.

Venture Corp gets four 'buys' as analysts opine that not only is a stronger 2HFY20 on the horizon, the group remains relatively cushioned from the effects of Covid-19.