retail

Fintech

CGS-CIMB Securities launches eWealth robo-advisory platform

SINGAPORE (Aug 28): CGS-CIMB Securities has launched a robo-advisory platform, CGS-CIMB eWealth, to bring personalised investment advisory services to its retail clients by pairing portfolios with investors’ risk profiles and investment objectives.

Broker's Calls

Sheng Siong retains crown as top consumer pick after new store wins

SINGAPORE (Aug 20): RHB Research is highlighting Sheng Siong Group (SSG) as its top consumer cyclical “buy” pick with a higher target price of $1.30 compared to $1.27 previously, upon raising 2019-2020F earnings by 2-3% on larger-than-expected retail

Careers & Training

Hiring for these banking & financial services roles remained robust in 2Q: Randstad

SINGAPORE (Aug 6): Randstad Singapore says 2Q hiring activities have increased for front- to middle-back office operations in the banking & financial services sector, following a quarter of strong economic growth that was partly driven by the finance and

Broker's Calls

BreadTalk gets too pricey for RHB's taste; FY18 earnings projected to decline

SINGAPORE (Aug 3): RHB Research is downgrading its call on BreadTalk to “sell” from “neutral” with a lower target price of $1 compared to $1.04 previously, as the research house expects FY18F earnings to decline on rising overhead costs and weaker

Results

The Hour Glass 1Q earnings double to $14.2 mil on improved consumer sentiment

SINGAPORE (Aug 2): The Hour Glass has announced earnings of $14.3 million for the 1Q ended June, doubling from its 1Q18 earnings of $7 million due to improved margins and higher revenue.

Broker's Calls

How bullish will analysts go on Suntec REIT?

SINGAPORE (July 26): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls with the respective price targets of $2.08 and $2.30, after the REIT manager on Wednesday posted a 2Q DPU of 2.47 cents which came in lin

Results

Duty Free International reports 40% lower 1Q earnings of $3.1 mil on revenue slips

SINGAPORE (July 11): Duty Free International (DFI) posted earnings of RM9.05 million ($3.06 million) for the 1Q ended May, down 39.9% from RM15.05 million a year ago on lower revenue, donations and the absence of a gain arising from changes in fair value

Property

CapitaLand says Raffles City Chongqing 80% completed, on track to open in phases from 2Q19

SINGAPORE (July 4):  CapitaLand says its construction of Raffles City Chongqing is about 80% completed, with the 1.12 million sq m megastructure on track to open in phases from 2Q next year.

SK Jewellery debuts in Thailand with maiden Love & Co. store at CentralWorld

SINGAPORE (July 3): SK Jewellery Group has officially opened its flagship Love & Co. store at CentralWorld, said to be the largest lifestyle shopping complex in Bangkok, Thailand.

Broker's Calls

DISA initiated at 'buy' on high barriers to entry, timely solutions & market potential

SINGAPORE (July 3): UOB Kay Hian is starting coverage on anti-theft technology provider DISA, formerly known as Equation Summit, at “buy” with a target price of 1.3 cents. 
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