RHB Research

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation

SINGAPORE (Aug 13): RHB is maintaining “buy” on HRnetGroup with an unchanged target price of $1.18.

SINGAPORE (Aug 10): RHB Research is keeping its “buy” call on Kimly with an unchanged target price of 46 cents – implying an estimated upside of 35% – despite the traditional coffeeshop operator reporting a dip in its earnings for the 3Q ended Jun

SINGAPORE (July 27): RHB Research is maintaining its “buy” call on software services and solutions provider Silverlake Axis with an unchanged target price of 65 cents on early signs of the start of banks’ capex spending cycle.

SINGAPORE (July 23): RHB is downgrading its sector “overweight” on Singapore real estate to “neutral” on expectations of transaction volumes for 2018 to fall by 10% from the 10-15% rise previously, and for prices to stay flattish over 2H18-2019.

SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – and slashing their target prices by up to 20%.

SINGAPORE (July 6): OCBC Investment Research is downgrading the Singapore residential sector rating to “neutral” from “overweight” previously, as RHB Research places its “overweight” sector call and recommendations under review.

SINGAPORE (July 3): RHB Research sees a promising outlook for Singapore real estate in the near-term, with property prices expected to rise by as much as 20% by 2019, even as the longer-term sustainability seems uncertain.

SINGAPORE (June 22): RHB Research is keeping its “buy” call on Singapore Exchange (SGX) with an unchanged target price of $9.00, on the back of a bullish outlook for the bourse’s securities trading volume.

SINGAPORE (June 22): RHB Research is remaining optimistic on the consumer sector in Singapore this year, as consumer spending is expected to rise on the back of strong economic growth and an improved job outlook.