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RHB Research
Broker's Calls
Why RHB remains positive on APAC Realty despite 1Q earnings miss
SINGAPORE (May 29): RHB Research is reiterating its “buy” call on APAC Realty while lowering its target price on the stock to 67 cents from 72 cents previously after cutting FY19-21F earnings to account for reduced private resale volume assumptions.
May 29, 2019
Singapore economy
Singapore's weak 1Q GDP growth signals tough times ahead: RHB
SINGAPORE (May 28): RHB Research is turning negative on Singapore’s short-term economic outlook on expectations of a prolonged slowdown in the electronics sector as well as weaker global growth prospects.
May 28, 2019
Broker's Calls
Time to 'buy' MindChamps as growth initiatives bear fruit: RHB
SINGAPORE (May 27): RHB Research continues to keep MindChamps Preschool at “buy” at a lower target price of 83 cents compared to 87 cents previously, indicating a 26% upside plus 2.2% yield.
May 27, 2019
Broker's Calls
RHB keeps top consumer sector pick Delfi at 'buy' given inexpensive valuation, robust revenue and margins growth
SINGAPORE (May 27): RHB Research is reiterating its strong “buy” call on Delfi with a target price of $1.68, which implies 28 times FY19F P/E and implies 24% upside and 2.5% dividend yield.
May 27, 2019
Broker's Calls
Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong
SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research house
May 17, 2019
Broker's Calls
Strong margins & China listing to support Wilmar's share price after a decent 1Q, say analysts
SINGAPORE (May 17): RHB Research and UOB Kay Hian are maintaining their “buy” calls on Wilmar International with target prices of $3.94 and $3.90, respectively, while OCBC Investment Research keeps its “hold” call on the stock with a higher $3.66
May 17, 2019
Broker's Calls
How positive should investors be on CityDev's big China investment deal?
SINGAPORE (May 17): CGS-CIMB Research and Jefferies are maintaining their “buy” calls on City Developments Limited (CDL) with the respective price targets of $10.66 and $8.68, while RHB Research is keeping its “neutral” rating on the stock with a
May 16, 2019
Broker's Calls
Manulife US REIT scores big with US$122 mil Centrepoint acquisition
SINGAPORE (May 3): Maybank Kim Eng and RHB Research are reiterating their “buy” calls on Manulife US REIT (MUST) with the respective target prices of US$1 and 96 US cents.
May 03, 2019
Broker's Calls
CDL Hospitality Trusts remains top sector pick for RHB, Maybank despite a weak 1Q
SINGAPORE (May 2): RHB Research and Maybank Kim Eng are maintaining “buy” on CDL Hospitality Trusts (CDL HT) with respective price targets of $1.77 and $1.80, while OCBC Investment Research reiterates its “hold” call as it places its $1.56 fair va
May 02, 2019
Broker's Calls
Frasers Commercial Trust expected to maintain stable DPU despite slow progress in leasing talks
SINGAPORE (Apr 24): Frasers Commercial Trust (FCOT) has seen its committed occupancy at Alexandra Technopark (ATP) bottom at 59.2% following the exit of its anchor tenants – with still no sign of any firm offers to take up a lease.
April 24, 2019