Maybank Securities

Betting on a Singapore swing - THE EDGE SINGAPORE

Singapore economy

Betting on a Singapore swing

REITs are expected to be a favourite with brokerages this year on the back of anticipated rate cuts.

Broker's Calls

Maybank lifts Genting Singapore’s TP to $1.21 following en masse return of Chinese tourists

Maybank expects most of the growth in Genting Singapore's gaming revenue this year to come from Chinese tourists.
First Resources’ bidding price for assets in Riau reasonable: RHB - THE EDGE SINGAPORE

Broker's Calls

First Resources’ bidding price for assets in Riau reasonable: analysts

The analysts do not expect to see any earnings contribution from the acquired assets in the next three years.

Broker's Calls

Maybank keeps ‘neutral’ on S-REITs, ‘agnostic’ on the sector

CICT, CLAR and LREIT were named as analyst Krishna Guha’s picks.

Broker's Calls

Maybank lowers Dyna-Mac’s TP to 38 cents to account for dilution from bonus warrants

Dyna-Mac's recent acquisition of Exterran Offshore is a plus in analyst Jarick Seet's book.
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty - THE EDGE SINGAPORE

Singapore economy

Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty

Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.

Singapore economy

Analysts see brighter outlook for Singapore in 2024 after better-than-expected 4Q2023 GDP

The analysts estimate that Singapore's GDP in 2024 will expand from 2.0% to 3.0%.

Broker's Calls

Maybank downgrades Top Glove to ‘sell’ as share price has outpaced its fundamentals

Analyst Wong Wei Sum still expects the company to be loss-making in FY2024. Top Glove is expected to see profitability in FY2025.

Asean

'Dark horse' Asean to see key transitions and improved prospects in 2024

Asean is the fifth-largest economy in the world, with a combined GDP of around US$3.7 trillion ($4.97 trillion).
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