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DBS Group Research
Broker's Calls
Analysts praise 'standout' Cromwell European REIT for successful divestments, low gearing in FY2023
“It has divested eight assets since FY2022, raising EUR237 million in proceeds at a blended 15% premium to the latest valuation.”
February 29, 2024
Broker's Calls
ARA US Hospitality Trust weathered through tough times, poised for better days: DBS
The trust's revenue per available room is projected to surpass pre-pandemic levels in FY2024.
February 29, 2024
Broker's Calls
Analysts like UOL’s FY2023 dividend surprise, keep 'buy' calls on valuations
UOL reported FY2023 earnings of $707.7 million, 44% higher y-o-y, and a total dividend of 20 cents per share.
February 28, 2024
Broker's Calls
Analysts lower estimates slightly on IREIT Global after FY2023 narrowly missed expectations
Diversifying portfolio remains key strategy; Germany still ‘interesting’, says the REIT.
February 27, 2024
Broker's Calls
Analysts raise target prices for iFast by as much as 54% after FY2023 results
Analysts are, however, staying “hold” on the Mainboard-listed company.
February 27, 2024
Broker's Calls
DBS, CGS and UOB Kay Hian maintain bearish stance on Nanofilm Technologies International
The company plans to pay a final dividend of 0.33 cents, on top of 0.33 cents already paid as an interim dividend
February 27, 2024
Broker's Calls
Seatrium slowly but surely bottoming out, more prominent earnings turnaround could be expected from 2024 onwards
The robust order pipeline and upcoming investor day for sharing the strategic review on March 15 are near-term catalysts.
February 27, 2024
Broker's Calls
Analysts fairly positive on Sasseur REIT amid consumption downgrade, which is ‘promising’ for its outlet malls
The analysts kept their "buy" calls although DBS and PhillipCapital have lowered their TPs. UOBKH, in contrast, has a higher TP.
February 26, 2024
Broker's Calls
Analysts slash Prime US REIT target price on US$600 mil debt expiring July, enlarged share base
Gearing, at 48.4%, is “a little too high for comfort”, says DBS Group Research.
February 26, 2024
Broker's Calls
Brokers' Digest: Marco Polo Marine, UMS Holdings, Frencken Group, Far East Hospitality Trust, Keppel Pacific Oak US REIT
See what the analysts have to say this week.
February 25, 2024