United Kingdom (UK)

Broker's Calls

More near-term volatility lies ahead for GL Limited

SINGAPORE (Jan 25): CIMB continues to rate GL Limited at “hold” with a lower target price of 84 cents from 86 cents previously, after the hospitality and leisure group holding company last week posted a 52% decline in 1H17 earnings on lower sales.

As Singapore’s rich continue to grow, so does the global wealth gap

SINGAPORE (Nov 23): Adverse currency movements have caused wealth to decline in every region except Asia Pacific (APAC) – the only instance which bucks the trend of limited growth in global wealth since 2013, according to the Credit Suisse Research Inst
Brexit

Brexit

British government loses court case on how to trigger Brexit

LONDON (Nov 3): England's High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, a major upset for Prime Minister Theresa May's plans for Brexit.

Broker's Calls

The holiday is over for GL Limited

SINGAPORE (Sept 1): CIMB Research has downgraded its call on GL Limited from “add” to “hold” and lowered its target price from $1.18 previously to 86 cents in anticipation of “significant volatility for the group’s core hotel business ahead”
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