RHB Group Research

Broker's Calls

Golden Agri boosted by downstream performance, analysts maintain 'buy' with higher TPs

Although earnings will reduce y-o-y in FY2023, RHB analysts believes valuations have already reflected this.
Analysts see downsides to Singapore’s retail sales after ‘unexpected’ 0.8% y-o-y contraction in January - THE EDGE SINGAPORE

Singapore economy

Analysts see downsides to Singapore’s retail sales after ‘unexpected’ 0.8% y-o-y contraction in January

The lower-than-expected retail sales index were attributed to the higher GST and inflationary pressures.

Broker's Calls

Cautious on higher unit costs and lower downstream margins, analysts trim First Resources' TPs

UOBKH analysts have downgraded First Resources to “hold”, expecting 2023 earnings to be lower y-o-y.

Broker's Calls

Analysts lower TPs for Bumitama Agri following disappointing end to the year

Earnings going forward will be boosted by inventory drawdowns in 1QFY2023, but higher unit costs and lower ASP could offset this.
Analysts keep 'buy' calls on Cromwell after 'good set' of results for FY2022 - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' calls on Cromwell after 'good set' of results for FY2022

The analysts from DBS and RHB have kept their target prices unchanged at EUR2.10 and EUR2.15 respectively.
ST Engineering set for continued growth in and beyond FY2023 as air travel begins full recovery: analysts - THE EDGE SINGAPORE

Broker's Calls

ST Engineering set for continued growth in and beyond FY2023 as air travel begins full recovery: analysts

Analysts from DBS, CGS-CIMB, OCBC, Maybank and RHB have maintained their "add" or "buy" calls for ST Engineering.

Broker's Calls

Analysts retain 'buy' calls on Singtel despite 'challenging quarter'

The telco’s earnings were dragged by the weak regional currencies.
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