OCBC Investment Research

Singapore economy

Analysts mostly keep Singapore’s GDP estimates for 2024 despite softer-than-estimated 4Q2023 growth

Analysts have kept their estimates to range between 2% to 3%, while BofA has upped its estimate to 2.6% from 2.3% previously.
OCBC Investment Research keeps 'buy' on SingPost with unchanged TP of 55.5 cents, says business environment challenging - THE EDGE SINGAPORE

Broker's Calls

UOBKH and CGS-CIMB lower TP for SingPost, but OIR keeps it unchanged following 3QFY2024 results

All analysts from the brokerages however, are positive on the stock, with “buy” and “add” calls maintained.

Broker's Calls

OCBC Investment initiates 'buy' on PLife REIT with fair value of $4.27

OCBC Investment initiates a 'buy' on PLife REIT, as the counter is seen as a "stable and defensive income stream".

Broker's Calls

Analysts mixed on SingPost; UOB Kay Hian and CGS-CIMB lower TPs while OCBC’s inches up

UOB Kay Hian and CGS-CIMB have kept their “hold” calls with TPs of 44 cents and 52 cents, while OCBC is staying "buy" on 54 cents.
Analysts optimistic on Sembcorp Industries, all keep 'buy' at raised target prices - THE EDGE SINGAPORE

Broker's Calls

Analysts optimistic on Sembcorp Industries, all keep 'buy' at raised target prices

Analysts are optimistic on Sembcorp Industries as the group records earnings of $530 million for 1HFY2023.
 Analysts mostly positive on Seatrium despite $264 mil loss in 1HFY2023 - THE EDGE SINGAPORE

Broker's Calls

Analysts mostly positive on Seatrium despite $264 mil loss in 1HFY2023

CGS-CIMB, OCBC and DBS have maintained their “add” and “buy” calls, while Citi is keeping “sell” on Seatrium.
CapitaLand Ascott Trust 'top pick' of some analysts following 1HFY2023 results, DPS up 19% y-o-y - THE EDGE SINGAPORE

Broker's Calls

CapitaLand Ascott Trust 'top pick' of some analysts following 1HFY2023 results, DPS up 19% y-o-y

CLAS’s revenue per available unit (RevPAU) for 2QFY2023 ended June was at 98% of pre-pandemic levels, or 2QFY2019.

Broker's Calls

Keppel REIT's 1HFY2023 results within expectations, analysts highlight healthy rental reversions

The analysts believe Keppel REIT would continue to benefit from positive rental reversions.
DBS downgrades Suntec REIT to 'hold'; analysts see 'mixed performance' from 1QFY2023 results - THE EDGE SINGAPORE

Broker's Calls

DBS downgrades Suntec REIT to 'hold'; analysts see 'mixed performance' from 1QFY2023 results

There is a “sell” call from OCBC Investment Research and two “hold” calls from CGS-CIMB Research and DBS Group Research.
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