RHB Bank Singapore

Broker's Calls

RHB still upbeat on ST Engineering but trims target price by 2.3%

Shares in ST Engineering have fallen some 3.8% over the past month.

Singapore economy

Analysts maintain positive outlook on manufacturing sector in 2024 despite slowdown in IP

Singapore’s industrial production grew by 0.1% m-o-m seasonally adjusted in October.

Broker's Calls

RHB upgrades Singapore banks to ‘overweight’ as it sees upside from capital management initiatives

UOB and DBS are RHB’s top picks with “buy” calls. RHB has remained “neutral” on OCBC.

Broker's Calls

RHB upgrades UOB to ‘buy’ as it sees positive outlook for 2025

The team has increased its target price to $40.20, representing an upside of 10%.
Analysts mixed on ST Engineering’s prospects; Maybank downgrades to ‘hold’ - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on ST Engineering’s prospects; Maybank downgrades to ‘hold’

The analysts' target prices range from $4.70 to $5.32.

Broker's Calls

RHB says that Prime US REIT is 'priming for a recovery'; keeps TP and 'buy' call unchanged

Analyst Vijay Natarajan has kept his target price at 23 US cents, saying that the REIT has good leasing momentum with improvement expected in coming quarters.

Broker's Calls

RHB raises CPO price assumptions, upgrades Bumitama to ‘buy’

Overall, the analysts expect prices to stay higher in 1H2025, trading at RM4,400 to RM4,800 per tonne before moderating in 2H2025.
RHB and PhillipCapital upgrade TPs on Elite UK REIT; maintain ‘buy’ calls - THE EDGE SINGAPORE

Broker's Calls

RHB and PhillipCapital upgrade TPs on Elite UK REIT; maintain ‘buy’ calls

This follows Elite UK’s 3QFY2024 update, which was released on Nov 5.
RHB anticipates FY2025 recovery for UMS in-line with semiconductor revival - THE EDGE SINGAPORE

Broker's Calls

RHB anticipates FY2025 recovery for UMS in line with semiconductor revival

Currently, UMS stock trades at around 18 times FY2024 price-to-equity ratio (P/E) based on Bloomberg estimates, with an around 5.5% dividend yield.
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