buy call

In a Monday report, DBS analyst Dale Lai believes that the REIT, along with other landlords and tenants, is well-placed to benefit from reopening of the Singapore economy as the state lifts its circuit breaker measures in staggered phases.

Following the rights issue, RHB analyst Leng Seng Choon says emasek will become a significant direct shareholder of Sembmarine, with a stake of at least 29%.

While DBS analyst Sachin Mittal expects Singtel to post a 26% year-on-year decline in 4QFY2020 earnings to $518 million, he says an ‘attractive’ dividend yield of 5.6% is in store for investors.

Despite the decreases in Yangzijiang’s topline figures for 2QFY2020, market watchers are confident this is a stumble, and the group remains poised to navigate through the rough waters.

The brokerage notes that MINT has been improving portfolio quality through strategic moves in the data centre space. Analysts are positive on acquisitions such 18 Tai Seng, Paya Lebar iPark and two portfolios of data centers in the US.

The recommendation came on the back of Soilbuild REIT’s released results on April 16.

Although cheap prices might be enough to lure investors in, Simadiputra advises investors to focus on quality stocks with solid fundamentals such as Bumitama Agri, Wilmar or First Resources.

Analysts at DBS Group Research note that despite operating in a cyclical industry, Yangzijiang has demonstrated its resilience during industry downturns, offering investors decent profits and dividends.

These two stocks are poised to thrive as supermarket sales rise with more customers are either forced to spend time at home, or engage in panic-buying.

RHB is also banking on the work-from-home trend and general avoidance of crowded areas and gatherings during this period to support Sheng Siong's grocery retail sales.