OCBC Investment Research (OIR)

Analysts lower target prices on Suntec REIT as rising interest rates weigh on costs - THE EDGE SINGAPORE

Broker's Calls

Analysts lower target prices on Suntec REIT as rising interest rates weigh on costs

The REIT’s 3QFY2022 results have left sentiments generally mixed, with mostly “buy” calls and a “sell” call.

Broker's Calls

Analysts maintain 'buy' on E-LOG REIT with lower TP amid portfolio rejuvenation

The analysts anticipate the positive reversion trend to continue in FY2022.

Manufacturing

Transport engineering cluster seen as most optimistic as business sentiments in manufacturing sector remain negative

Looking ahead, a net weighted balance of 17% of manufacturers expect lower output in the 4Q2022 for the next six months.
Analysts expect slowdown in NODX further into 2022 after September's NODX underperforms - THE EDGE SINGAPORE

Singapore economy

Analysts expect slowdown in NODX further into 2022 after September's NODX underperforms

Despite the estimated slowdown, most of the analysts are keeping their 2022 NODX estimates unchanged.

Broker's Calls

Analysts expect authorities to revise inflation forecasts upwards; MAS may tighten monetary policy in October

Singapore's headline inflation stood at 7.5% y-o-y while core inflation stood at 5.1% y-o-y in August 2022.

Broker's Calls

OCBC sees stronger recovery in 2H2022 happening for hospitality sector; China’s reopening a 'key catalyst'

ART remains OCBC's top pick; the brokerage has kept its "buy" call with a fair value estimate of $1.29.
Did bullish outlook derail privatisation of Frasers Hospitality Trust? - THE EDGE SINGAPORE

REITs

Did bullish outlook derail privatisation of Frasers Hospitality Trust?

Were investors in Frasers Hospitality Trust holding out for a better offer following bullish analysts' reports on hospitality?

Broker's Calls

Analysts mostly lift TPs on Raffles Medical Group on the back of record 1HFY2022 results

The analysts have also mostly raised their earnings or earnings per share estimates for the FY2022.

Broker's Calls

Analysts mixed on CICT’s 1HFY2022 results with both 'buy' and 'hold' calls

Some analysts are more positive on CICT, expecting to see stronger fundamentals from the REIT in the 2HFY2022.
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