Phillip Capital

As far as Singapore banks are concerned, Phillip Capital analyst Tay Wee Kuang feels that the recent run-up in prices may have underestimated some underlying risks arising from near term heightened credit costs.

Prior to this, the biggest move in this industry was when some 100 remisiers from DBS Vickers moved to UOB Kay Hian.

Phillip Capital is maintaining its “buy” or “accumulate” call on Dasin Retail Trust with a 91 cent price target after 1Q20 revenue and net property income (NPI) came in below its forecasts.

For 1Q2020 ended March, Maybank Kim Eng Research analyst Chua Su Tye says that S-REITs had a ‘decent start’ despite conserving copious amounts of cash in light of the macroeconomic uncertainty.

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) surprised market observers with a higher-than-expected interim dividend payout of 25 cents per share for the 1H19 ended June, 25% higher than a year ago.

SINGAPORE (May 15): OCBC Investment Research, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on NetLink NBN Trust (NLT) with the respective price targets of 95 cents, 90 cents and 83 cents.

SINGAPORE (May 6): Jefferies, DBS Vickers Securities and RHB Research are maintaining their “buy” calls on United Overseas Bank (UOB) with the respective price targets of $31, $29.20  and $30.80 following last week’s release of the bank’s 1Q19

SINGAPORE (Feb 18): RHB Research and UOB Kay Hian are maintaining their “neutral” and “sell” calls on StarHub with target prices of $2.02 and $1.45, respectively.

SINGAPORE (Feb 11): Maybank Kim Eng is maintaining its “buy” call on SIA Engineering (SIA EC) with a lower price target of $2.85 compared to $3 previously after the group reported a 40% y-o-y decline in 3Q19 earnings due to one-off items.

SINGAPORE (Jan 23): OCBC Investment Research and Phillip Capital are maintaining their “buy” and “neutral” calls on Frasers Centrepoint Trust (FCT) with the respective fair value and price target of $2.50 and $2.21.