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RHB Group Research
Singapore economy
Labour market could ease in 2023 after tightness last year: Analysts
Unemployment rates could trend higher in 2023 with an uptick in retrenchments but is expected to remain within pre-Covid levels.
February 02, 2023
Broker's Calls
RHB expects plantation earnings to be mostly in-line for 4QFY2022, maintain 'neutral'
The analysts continue to like integrated players like Wilmar.
February 02, 2023
Broker's Calls
Analysts see Keppel REIT benefitting from office rental upcycle though higher interest costs may be a drag
The analysts' target prices range from 85 cents to $1.15. Of the analysts' reports, OCBC was the only one with a "sell' call.
February 01, 2023
Budget 2023
Economists mixed on fiscal outlook for FY2023 Budget; UOB sees 0.8% deficit while RHB forecasts 1.0% surplus
UOB is forecasting a 2023 GDP growth forecast of 0.7%, while RHB sees Singapore's economy growing by 3.0%.
February 01, 2023
Broker's Calls
Analysts split on CDLHT even after FY2022 outperformance, China's reopening 'already priced in'
While CDLHT sports a strong recovery, Citi Research sees Far East Hospitality Trust (FEHT) as a better proxy for tourism.
January 31, 2023
Broker's Calls
RHB ups AIMS APAC REIT’s TP to $1.50 on 'good' 3QFY2023 results and positive outlook
Analyst Vijay Natarajan has increased his TP for AA REIT to $1.50 from $1.48 previously.
January 31, 2023
Broker's Calls
Analysts mixed on FCT's acquisition of 25.5% stake in Nex
The analysts have kept their "buy" and "hold" calls with a target price range of $2.10 to $2.60.
January 30, 2023
Singapore economy
Analysts expect Singapore's industrial production to remain soft in 1Q2023
Singapore’s industrial production fell by 3.1% on a y-o-y basis in December 2022.
January 27, 2023
Broker's Calls
Sheng Siong stays defensive amid rising inflation and GST hike, analysts maintain 'buy'
Sheng Siong had shown sustainable growth in its gross margin over the years, proving its ability to pass rising costs.
January 26, 2023
Singapore economy
Analysts expect to see 'challenging' core inflation in 2023, further tightening cannot be 'ruled out'
All the analysts have kept their 2023 CPI forecasts unchanged.
January 25, 2023