UOB Kay Hian

Here's what the analysts have to say about these counters this week.

Following ThaiBev's FY2024 earnings, DBS, OCBC Investment Research, RHB Bank Singapore and PhillipCapital have target prices of 77 cents, 69 cents, 71 cents and 64 cents respectively.

CGS International analysts Lim Siew Khee and Meghana Kande says Seatrium remains its "top pick" as they see the group posting a "strong turnaround" in 2HFY2024.

PhillipCapital's Paul Chew believes Keppel's 3QFY2024 net profit fell due to lower real estate earnings while Citi's Brandon Lee attributes the decline to a lack of valuation and divestment gains.

The analysts' target prices range from $1.45 to $1.75.

Analysts Llelleythan Tan and Heidi Mo have also lowered their target price estimate to $2.29 from $2.42 previously.

See what the analysts have to say this week.

Revenue was up by 10.2% y-o-y to $317.1 million as all income – except interest income – rose on a y-o-y basis.

UOBKH forecasts ST Engineering’s core net profit to grow by a three-year CAGR of 10.8% in 2024-2026, faster than revenue CAGR.

The analyst was surprised by the revelation of yet another investigation by the Singapore authorities.