DBS Group Research

Broker's Calls

DBS downgrades SIAEC to ‘hold’ amid ‘lacklustre’ earnings prospects

Analyst Jason Sum has also lowered his target price to $2.50 from $2.80 previously.
Analysts bearish on Venture Corp in the near term, Citi downgrades to ‘neutral’  - THE EDGE SINGAPORE

Broker's Calls

Analysts bearish on Venture Corp in the near term, Citi downgrades to ‘neutral’

The analyst at Citi Research has downgraded his call from “buy” to “neutral” at a reduced target price of $14 from $15.70 previously, citing earnings pressures from softer product sales.

Broker's Calls

CGSI and DBS expect Yangzijiang Shipbuilding to post strong 2HFY2024 net profit

Yangzijiang's ytd order win of US$11.64 billion is largely in-line with the CGSI analysts' forecast of US$11.3 billion for 2024.
Odds against Genting Singapore following shift in tourist demographics: DBS - THE EDGE SINGAPORE

Broker's Calls

Odds against Genting Singapore following shift in tourist demographics: DBS

Its peer Marina Bay Sands also reported a significant 20% y-o-y decline in VIP rolling volumes, but saw a more moderate 4% y-o-y reduction in mass gaming volumes in 3QFY2024.

Broker's Calls

Banks expected to post ‘robust’ q-o-q earnings in 3QFY2024; attractive forward yields remain bright spot: DBS

Analyst Lim Rui Wen expects UOB to be the outperformer in NIMs among the three banks in 3QFY2024.

Broker's Calls

DBS increases Japfa’s TP to 56 cents as 9MFY2024 patmi sees turnaround

Analysts Chee Zheng Feng and Andy Sim are keeping their “buy” call as they see more room for earnings growth before its peak.

Broker's Calls

Maybank and DBS downgrade Aztech Global, expect 4QFY2024 to be slower than 3QFY2024

The majority of Aztech's orders are scheduled for completion in FY2024.

Broker's Calls

Analysts mostly keep ‘buy’ calls on MLT as 2QFY2025 results in line with expectations

The analysts' target prices range from $1.45 to $1.75.
Analysts unchanged on ComfortDelGro target price after news of London taxi acquisition - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain ComfortDelGro target price after news of London taxi acquisition

CDG intends to fund the purchase with external borrowings as it needs to pay off Addison Lee’s existing debt facilities in full upon completion.
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