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RHB Group Research
Broker's Calls
'A sigh of relief' as Suntec REIT closes FY2022, but outlook stays challenging: analysts
Despite a strong finish for FY2022, Suntec REIT faces a challenging outlook ahead, say analysts.
January 25, 2023
Singapore economy
Analysts anticipate further slowdown of NODX in 1H2023 after underperformance in 2H2022, divided on full-year forecasts
Analysts expect a slowdown in NODX for the first half of the year after December's NODX slumped for a fifth straight month.
January 25, 2023
Broker's Calls
RHB maintains 'buy’ on OCBC Bank amid expectations of a stable 4QFY2022
The RHB analysts expect the bank to post a net profit of $1.55 billion for the quarter, down an estimated 3.5% q-o-q.
January 25, 2023
Broker's Calls
ST Engineering to benefit from Chinese aviation traffic recovery, RHB maintains 'buy'
RHB is still positive on ST Engineering’s growth outlook and steady dividends.
January 20, 2023
Singapore economy
Can Singapore stay a safe haven this year?
With the Lunar New Year now approaching, analysts are busy forecasting what the rest of the year will be like for stocks.
January 17, 2023
Broker's Calls
RHB maintains 'neutral' call on SGX citing declining margins and unexciting yield
Analyst Shekhar Jaiswal has maintained his “neutral” call on Singapore Exchange (SGX) with a TP of $9.30.
January 16, 2023
Broker's Calls
Analysts like ComfortDelGro's 'undemanding valuation' while lowering TPs
Analysts from RHB and Citi have lowered their TPs to $1.65 and $1.63 respectively.
January 13, 2023
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023
Broker's Calls
RHB downgrades Suntec REIT to 'neutral' with lower TP of $1.47
Suntec REIT's office portfolio could be impacted by the slowdown in the technology sector, notes RHB analyst Vijay Natarajan.
January 10, 2023
Broker's Calls
RHB keeps 'overweight' rating on Singapore banks; sees overall earnings to improve by 20% y-o-y in FY2023
Among the banks, RHB prefers DBS for its higher NIM sensitivity to interest rate changes, and OCBC, given its cheaper valuation.
January 09, 2023