UOB Kay Hian Research

Broker's Calls

UOBKH sees ‘double happiness in September’ for S-REITs as US, Eurozone near rate cuts

The governing council of the European Central Bank will meet on Sept 12, followed by the Federal Open Market Committee on Sept 18.

Investing ideas

iFast’s ‘strong’ 2Q earnings beat wins praise

Target prices for iFast range from $8.03 to $10.50, against its current traded price of around $7.41.

Broker's Calls

Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs

Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.
Positive sentiment on Frencken, analysts keep ‘buy’ in anticipation of semicon recovery - THE EDGE SINGAPORE

Broker's Calls

Positive sentiment on Frencken, analysts keep ‘buy’ in anticipation of semicon recovery

Analysts have kept 'buy' at unchanged or raised target prices on Frencken Group following its robust 1QFY2024 results.

Broker's Calls

Analysts keep ‘hold’ on SIA following FY2024 results

Performance is decent but moderating, and SIA’s best days are likely behind it for now, say analysts from DBS, OCBC and UOBKH.
‘Not cheap’, ‘no value’ but market excited: OCBC’s GEH bid divides analysts - THE EDGE SINGAPORE

Banking & finance

‘Not cheap’, ‘no value’ but market excited: OCBC’s GEH bid divides analysts

“We are unclear of incremental synergies that could accrue by acquiring the 11.56% of GEH that OCBC does not already own.”
iFast posts second strong quarter; earning upgrades - THE EDGE SINGAPORE

Investing ideas

iFast posts second strong quarter; earning upgrades

iFast posted earnings of $14.5 million for 1QFY2024, nearly five times higher y-o-y.
Investors 'disappointed'? OCBC's 'sector-leading' CET-1 reserves overshadow 'solid' FY2023 results: analysts - THE EDGE SINGAPORE

Investing ideas

Investors 'disappointed'? OCBC's 'sector-leading' CET-1 reserves overshadow 'solid' FY2023 results: analysts

OCBC’s dividend payout ratio of 53% caps off record earnings of $7.02 billion for FY2023, up 27% y-o-y.
Analysts raise target prices for iFast by as much as 54% after FY2023 results - THE EDGE SINGAPORE

Broker's Calls

Analysts raise target prices for iFast by as much as 54% after FY2023 results

Analysts are, however, staying “hold” on the Mainboard-listed company.
Analysts slash Prime US REIT target price on US$600 mil debt expiring July, enlarged share base - THE EDGE SINGAPORE

Broker's Calls

Analysts slash Prime US REIT target price on US$600 mil debt expiring July, enlarged share base

Gearing, at 48.4%, is “a little too high for comfort”, says DBS Group Research.
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