novel coronavirus (Covid-19)

UOB KayHian says CICT will become the largest REIT in Singapore and the second largest REIT in the Asia Pacific region.

CGS-CIMB Research has cut its FY21-23 earnings per share forecasts for the company by 9.9%-12.9% on weaker postal margins.

DBS believes that most negatives are priced in at an average price to net asset value of 0.6 time, which is close to levels back in the global financial crisis (GFC).

The brokerage says ROEs should rebound back to 7% to 8% in 2021 to 2022.

Following the anticipated weak 1H20 results of CapitaLand Mall Trust (CMT) that have largely come within expectations, things are looking up for the trust amid signs of broad based recovery.

The banks are expected to register a “record quarterly decline” in net interest margins (NIMs) in the quarter.

The brokerage has slashed its profit after tax and minority forecasts for FY21 and FY22 by 13% and 14%, respectively.

Given the impact from the novel coronavirus (Covid-19) pandemic, Temasek Holdings has announced a weaker set of preliminary results as at March 31, 2020.

The weaker forecasts come as the company’s local yards have yet to resume full operations amid a prolonged downturn in the oil industry.

The economic and health crisis brought about by the Covid-19 pandemic will have quite some ways to go. “We are not at the beginning of the end,” says Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).