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PhillipCapital Research
Broker's Calls
DBS, PhillipCapital, CGS International trim Elite Commercial REIT's target price after FY2023 DPU miss
Elite Commercial REIT reported a distribution per unit of 3.42 British pence for FY2023, 28.9% lower y-o-y, at 100% payout.
February 20, 2024
Broker's Calls
PhillipCapital 'overweight' on S-REITs even as distributions shrink; FCT, CLAS top picks
S-REITs fell 4.4% in January after gaining 8.9% in December 2023. The top performer for the month was Frasers Centrepoint Trust.
February 19, 2024
Broker's Calls
Silverlake Axis's quality of earnings improving, analysts maintain 'buy' with lower TPs
The company’s overall GPM may start trending towards a new lower run rate.
February 19, 2024
Broker's Calls
With gearing at a low 31.3%, 'buy' Far East Hospitality Trust ahead of likely Japan acquisitions, Taylor Swift concerts
FEHT proposed on Feb 14 a distribution to stapled securityholders (DPS) of 4.09 cents for FY2023, 25.1% higher y-o-y.
February 15, 2024
Broker's Calls
PhillipCapital downgrades Keppel DC REIT to 'accumulate', lowers TP to $1.86
The analyst has cut his FY2024, FY2025 and FY2026 DPU estimates for Keppel DC REIT by 14%, 11% and 8% respectively.
February 14, 2024
Broker's Calls
FCT ‘king of suburban retail malls’, analysts raise TPs following higher NEX stake acquisition
NEX is a high-quality asset and a good strategic fit for FCT’s diversified prime suburban retail portfolio.
February 09, 2024
Broker's Calls
SGX 'leaning on' FX, commodities as equities business stays 'unexciting': analysts
“Despite robust growth from the FICC segment, we reckon that there are no near-term catalysts to justify a higher valuation.”
February 06, 2024
Broker's Calls
'Poor start to the year' for Singapore market; PhillipCapital's Absolute 10 stock picks down 0.86% in January
Outperformers were Valuetronics, Frasers Centrepoint Trust and Keppel, whose share price grew 2.5%, 1.8% and 1.3% respectively.
February 05, 2024
Banking & finance
PhillipCapital, RHB disagree on forecast for banks' upcoming FY2023 results
RHB is staying “neutral”, while PhillipCapital is staying “buy” on all three banks.
January 09, 2024
Broker's Calls
Analysts downgrade, trim TP on Raffles Medical after 'margins collapsed' in 3QFY2023
Raffles Medical Group posted profit after tax of $12.4 million for the 3QFY2023 ended Sept 30, 67.4% lower y-o-y.
November 08, 2023