Welcome!
PhillipCapital Research
Broker's Calls
Analysts positive on Sheng Siong in light of healthy margins for 3QFY2022
The group’s 3QFY2022 results exceeded analysts' expectations, with a revenue and patmi at $333.5 million and $32.8 million
October 31, 2022
Broker's Calls
UOB's 'solid' net interest margin expansion in 3QFY2022 wins praise and upgrades from analysts
“We believe UOB will be able to ride through the current challenges given its solid asset quality and healthy capital.”
October 31, 2022
Broker's Calls
With interest rates, loans 'still expanding', PhillipCapital remains positive on local banks
“Bank dividend yields are attractive at 5% with upside surprise due to excess capital ratios.”
October 12, 2022
Singapore economy
Continuing global macro headwinds sees economic growth in Singapore slowing down
PhillipCapital's Paul Chew has suggests that “hibernating for winter” could be an appropriate strategy for Singapore investors.
October 05, 2022
Broker's Calls
PhillipCapital is positive on FCT with retail recovery post-Covid-19
Despite the lower target price, Chan’s distribution per unit (DPU) estimates remain unchanged.
September 19, 2022
Broker's Calls
PhillipCapital keeps ‘buy’ on Del Monte while balancing changes in US and the Philippines
To the analyst, Del Monte valuations are attractive at 5x P/E FY2023.
September 13, 2022
Broker's Calls
PhillipCapital maintains ‘overweight’ call on FAANGM with stabilisation in sight
In the month of August, FAANGM stocks declined 5.0%, modestly outperforming the Nasdaq’s loss of 5.2%.
September 08, 2022
Broker's Calls
Despite strong client wins, CGS-CIMB slashes TDCX TP by 23% on slower growth forecast
Listed on the New York Stock Exchange, TDCX reported core net profit of $30 million for 2QFY2022, up 36% y-o-y.
August 25, 2022
Broker's Calls
PhillipCap maintains ‘buy’ on Sea despite widening losses in 2QFY22
The brokerage slashed its target price from US$150 to US$110, however.
August 23, 2022
Broker's Calls
SGX FY2022 results divide analysts, DBS issues lowest TP of $10.20
“We believe there are no immediate catalysts for the stock, with the mixed performance of FY2022 equities and derivative volumes.”
August 22, 2022