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Broker's Calls
PhillipCapital and CGS-CIMB analysts lower target price for NYSE-listed TDCX, following drag from largest customer Meta
PhillipCapital and CGS-CIMB have target prices of US$8.60 and US$6.20, and “buy” and “hold” calls respectively.
November 29, 2023
Corporate moves
CGS-CIMB appoints veteran economist Song Seng Wun as economic advisor
Song, who has more than 30 years of working experience as an economist, is no stranger to the brokerage
September 20, 2023
Singapore economy
Singapore GDP to barely stay positive; stay put with high-yield big caps
The STI is supported by the inexpensive valuation of just over 10x forward P/E and an attractive dividend yield of 5.3%
June 08, 2023
Broker's Calls
CGS-CIMB expects coming reporting season to be 'muted'; flags inflection point for SingPost, ComfortDelGro
CGS-CIMB is keeping its year-end target for the Straits Times Index at 3,350 points
April 18, 2023
Broker's Calls
CGS-CIMB keeps 'add' call and $20.10 target price on Venture Corp
Tng’s target price is pegged to a 22-year average forward P/E of 15.2x of his FY2024 earnings estimate
April 11, 2023
Broker's Calls
Analysts positive on Grab following increased revenue guidance and accelerated profitability timeline
Grab's increased FY2023 revenue guidance took Citi Research analysts by surprise.
February 24, 2023
Broker's Calls
DBS remains bullish on SIA following December operating stats; CGS-CIMB downgrades to 'hold', citing limited upside
Yields could come in stronger than anticipated
January 17, 2023
Broker's Calls
CGS-CIMB keeps 'hold' call on Nanofilm, eyes FY2024 as 'key' year for possible re-rating
"We believe normalcy has returned to its China factories since Jan 2023."
January 17, 2023
Singapore economy
Singapore corporate earnings peaked in 2022, difficult to beat next year: CGS-CIMB
Singapore’s projected CY2022 aggregate net profit growth of 30% compared to pre-Covid levels will be a “tall order" to beat.
December 12, 2022
Broker's Calls
CGS-CIMB downgrades Singapore banking sector to "neutral"
Nonetheless, the analysts believe that with banks dishing dividends at yields of between 4 to 5%, the sector is well supported.
December 06, 2022