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DBS Group Research
Broker's Calls
China's relaxing of borders will be 'much-needed boost' for retail sector in 2023: DBS
The analysts at DBS have identified FCT, LREIT and CLCT as their top retail picks.
December 12, 2022
Broker's Calls
Resilience and recovery the theme for top ten 2023 regional equity picks: DBS
DBS' top 10 regional picks for 2023 includes Singapore Airlines, CapitaLand China Trust, SEA Limited and ThaiBev.
December 07, 2022
Broker's Calls
DBS positive on ST Engineering’s growth prospects despite interest rate and recession risks
The analysts think that the negatives for ST Engineering are priced in already, and the stock is "attractive"
December 06, 2022
Broker's Calls
Local telcos to enjoy more growth in 2023; Simba likely to be acquired: DBS
Analyst Sachin Mittal says recovery in roaming and prepaid revenue is expected to lead to an over 6% y-o-y rise in 2023.
December 06, 2022
Broker's Calls
Analysts mixed on Frencken’s outlook following 3QFY2022 earnings miss
CGS-CIMB downgraded its call to “reduce” from “add” with lower TP of 95 cents while DBS maintained “hold” with higher TP of $1.05.
November 30, 2022
Broker's Calls
DBS prefers Sea over Grab in its Asean internet coverage
In the near term, DBS expects Sea’s share price to rise towards US$75 before marching towards its 12-month target of US$100.
November 25, 2022
Broker's Calls
DBS cuts overall DPU estimates and target prices for S-REITs on slower growth momentum
The DBS analysts have lowered their DPU estimates on the S-REIT sector by 7% and TPs by 11% based on their revised estimates.
November 24, 2022
Broker's Calls
DBS maintains 'buy' on Digital Core REIT on further DPU accretion
DBS analysts say the REIT’s upsized debt-funded acquisition or share buyback will generate further DPU accretion.
November 23, 2022
Broker's Calls
DBS downgrades EC World REIT to 'fully valued' after divestments face potential delay
The analysts have also lowered their target price to 40 cents from 55 cents following the announcement.
November 21, 2022
Broker's Calls
DBS re-initiates 'buy' on ThaiBev, calling it one of the 'most valuable' large-cap Asean F&B counters
“We project [ThaiBev’s] upcoming 2HFY2022/FY2022 net profit to show [around] 4%/9% y-o-y growth," says DBS's Andy Sim.
November 18, 2022