upgrade

SINGAPORE (April 27): RHB is upgrading its call on CDL Hospitality Trusts (CDL HT) from “hold” to “buy”, raising its price target to $1.62 from $1.47 previously on the belief that the hospitality REIT is nearing inflection point.

SINGAPORE (April 12): OCBC has upgraded PACC Offshore Services Holdings (POSH) from “sell” to “hold”, with a higher fair value estimate of 33.5 cents.

SINGAPORE (April 3): CIMB Research is upgrading its sector outlook on Singapore REITs (S-REITs) from “underweight” to “overweight” on a dovish Fed outlook in addition to a potential sector re-rating ahead of a broader physical recovery in 2018.

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.

SINGAPORE (Nov 18): Nomura Global Markets Research has upgraded Ascendas Real Estate Investment Trust (A-REIT) from “neutral” to “buy” with a lower target price of $2.48 from $2.50 previously.

SINGAPORE (Nov 3): RHB is upgrading China Aviation Oil (CAO) to a “buy” with target price of $1.61 after the jet fuel supplier announced forecast-beating results.

SINGAPORE (Oct 4): UOB Kay Hian is upgrading its “hold” call on Singapore Post (SingPost) to “buy”, as well as raising the stock’s target price to $1.77 from $1.53 previously.

SINGAPORE (Sept 22): OCBC Investment Research has upgraded its previous “sell” call on cocoa manufacturer and distributor Delfi to “hold” with an unchanged fair value estimate of $2.34.

SINGAPORE (Aug 10): CIMB Research is upgrading its “reduce” call on Suntec REIT to “hold” with a higher target price of $1.68 on its latest acquisition.