OCBC Investment Research

Broker's Calls

'Serving sweeteners': These local large-caps offered the highest FY2022 dividends

OCBC’s Carmen Lee estimates that the overall average dividend yield for FY2023 will come in at an attractive level of 5.0%.
ST Engineering set for continued growth in and beyond FY2023 as air travel begins full recovery: analysts - THE EDGE SINGAPORE

Broker's Calls

ST Engineering set for continued growth in and beyond FY2023 as air travel begins full recovery: analysts

Analysts from DBS, CGS-CIMB, OCBC, Maybank and RHB have maintained their "add" or "buy" calls for ST Engineering.
Analysts divided on impact of stabilising net interest margin on DBS going forward - THE EDGE SINGAPORE

Broker's Calls

Analysts divided on impact of stabilising net interest margin on DBS going forward

“We think NIM upside from higher rates is priced in, while earnings upside from a pick-up in wealth management could take time.”

Broker's Calls

'Hold' HPHT as throughput volume growth expected to be flat: OCBC

OCBC keeps a 'hold' on HPHT with a lower TP as the outlook seems murky.
CGS-CIMB and OCBC increase TP for MPACT, maintain 'add' and 'hold' calls - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB and OCBC increase TP for MPACT, maintain 'add' and 'hold' calls

CGS-CIMB and OCBC raised their TPs to $2.08 and $1.81 from $1.98 and $1.72 previously; Citi has kept 'buy' and a TP of $1.90.

Broker's Calls

Analysts mixed on Keppel DC REIT’s acquisition prospects in FY2023

CGS-CIMB and DBS have maintained 'add' and 'buy' calls while Citi and OCBC have kept to 'neutral' and 'hold'.

Broker's Calls

Recessionary environment could impact HPHT's throughput moving forward

Recessionary pressures are expected to negatively affect HPHT's outlook.

Broker's Calls

Starhill Global REIT one of the prime beneficiaries of Chinese tourists return, analysts keep 'buy'

Wisma Atria is well-positioned to capture the return of tourist footfall and spending in Orchard Road.

STI watch

Singapore market to offer stability amidst global volatility in 2023: OCBC

Strategist Carmen Lee says that it would be prudent to be exposed to the unexciting but stable Singapore market.
Analysts continue to like local banks but warn of slower growth - THE EDGE SINGAPORE

Banking & finance

Analysts continue to like local banks but warn of slower growth

JP Morgan thinks Singapore bank share prices will fall later in 2023 owing to rising non-performing loans.
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