Maybank Kim Eng Research

“Our thesis that UMS is a beneficiary of the upswing in semiconductor capex, which is still in the early stages, appears playing out,” says Maybank Kim Eng analyst Lai Gene Lih.

Can Sasseur REIT bounce back from the temporary closure of its retail outlet malls in China due to the Covid-19 situation?

However, analysts are also cutting their FY2020 and FY2021 earnings estimates by between 6% and 18%.

"We remain cautious on Hi-P as for certain products, Hi-P is exposed to long supply chains that may currently be facing production bottlenecks as a result of Covid-19,” says lead analyst Lai Gene Lih.

Although Genting Singapore is likely to be hit by the Covid-19 virus, market watchers agree that the counter is set for a solid turnaround in 2HFY2020.

“When China catches a cold, Asia turns pale,” says DBS analyst Yeo Kee Yan, adding that the impact of the coronavirus on Singapore could be worse than that of the SARS epidemic in 2003.

As a result of the virus, Maybank Kim Eng has revised its 2020 GDP growth forecast to 1.1% from the previous 1.8% , while OCBC has widened its 1-2% GDP growth forecast to 0-2%.

“The recent collapse in the share price due to the uncertainty caused by the Novel Coronavirus presents a good entry price, in our opinion,” says Phillip Securities Research analyst Natalie Ong.

Investing in business parks has borne fruit for Ascendas REIT.

Venture Corp gets upgraded to "buy" by Maybank Kim Eng Research, with a 7.8% higher target price.