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DBS Group Research
Broker's Calls
Knee jerk sell-offs for Sembcorp and Keppel ‘overdone’ and presents opportunity to accumulate: DBS
On the morning of June 20, shares in Sembcorp fell by 9% while shares in Keppel fell by 5%.
June 22, 2023
Broker's Calls
DBS convinced of Sembcorp sustaining higher power prices; raises TP
Despite recent share price correction, DBS expects Sembcorp's share price to return to its glory days.
June 21, 2023
Broker's Calls
DBS upgrades Sheng Siong to 'buy' on 'attractive industry dynamics and reasonable valuation'
The group is also deemed as a defensive hedge against a potential recession.
June 20, 2023
Broker's Calls
Higher benchmark rates positive for healthcare service providers amid high inflation and increase in labour costs
The analysts expect longer term margins can be sustained following the MOH's updated benchmarks.
June 19, 2023
Singapore economy
Manufacturing weakness shrinks Singapore economy growth forecast for 2023
Market watchers have reduced their median forecast for manufacturing for the 2023 to a decline of 1.3%.
June 16, 2023
Broker's Calls
Positive development on HPL's development proposal for its Orchard assets could yield 'significant upside' to RNAV: DBS
If approved, the project is likely to require “significant capital expenditure”, says the DBS team.
June 13, 2023
REITs
Internalisation of property management costs may be counter-productive for Sabana REIT, says DBS
Shareholder Quarz Capital had requested that the REIT hold an EGM to remove the REIT’s manager.
June 08, 2023
Broker's Calls
Analysts mostly lower their target prices on Digital Core REIT after Cyxtera bankruptcy
Citi and UOB Kay Hian have both reduced their TPs to 67 US cents, while DBS has maintained its TP at 90 US cents.
June 06, 2023
Semiconductor
UMS, AEM, Grand Venture Tech and Venture Corp to benefit from semicon trade diversification: DBS
Singapore is in a good place for companies that are looking to diversify their strategies, say the analysts at DBS Group Research.
June 05, 2023
STI watch
Opportunities abound in Singapore market after STI correction in May: DBS
FEHT, CDLHT, LREIT, DFI Retail and CDL are the stocks to look at for bargains after their corrections.
June 05, 2023