Shares of DBS surge to fresh all-time high after earnings beat forecasts
Shares of DBS surged after Southeast Asia’s largest bank reported first-quarter results that beat forecasts. The stock was up 3.0 percent at S$30.90, at 1:33…
April 2018
DBS shares may climb after earnings beat forecasts
DBS shares may climb after earnings handily beat analysts’ forecasts. The stock is already up nearly 20 percent year-to-date, partly as expectations that interest rates…
Singapore Pre-Market Monday: DBS, Sheng Siong, Noble, SIA Engineering
Singapore’s stocks were headed to the open on Monday with a lackluster lead, with Wall Street essentially flat on Friday. But DBS’ higher-than-expected earnings were…
Troubled Noble and its major shareholder Goldilocks swap another set of barbs
The fixed battle between troubled commodity trader Noble and one of its major shareholders took a sharp turn on Friday, spilling into another war of…
Why a sales miss by a Valuetronics customer won’t hit its earnings much
An earnings miss by a Valuetronics customer may have decked the Singapore-listed manufacturer’s stock price, but it’s not likely to affect its earnings much, Maybank KimEng…
CGS-CIMB: Valuetronics offers attractive entry price after selloff
Valuetronics’ share price plunged after news a customer’s sales disappointed, but it’s “too early to dim the lights,” CGS-CIMB said in a note on Friday….
Are Cache Logistics Trust’s payouts set to improve?
Cache Logistics Trust reported first-quarter distributions below some estimates, but at least one analyst expects a recovery ahead. RHB said the distribution per unit (DPU)…
SocGen: Why we aren’t buying Malaysian stocks before the election
Malaysian equities have begun to outperform ahead of the election, but there’s not much of a longer term reason to buy, Societe Generale said in…
Daiwa: Stay long Singapore’s cyclicals despite US-China trade war fears
While it may be tempting to shift to Singapore’s defensive plays while awaiting the resolution of U.S.-China trade tensions, their fundamentals remain weak and corporate…
Singapore Pre-Market Friday: Sembcorp Industries, Noble, Mapletree Logistics
Singapore’s shares will open on Friday with a positive lead from Wall Street, with positive earnings from key tech sector giants likely to boost sentiment…
Hi-P downgraded by DBS as trade-war fears turn earnings outlook cloudy
DBS downgraded Hi-P to Hold from Buy, saying the contract manufacturer’s earnings outlook has turned cloudy amid trade-war fears. “We like Hi-P for its ability…
DBS: This is how much the US dollar affects Venture’s earnings
Venture pointed to the U.S. dollar’s weakness as negatively affecting its first-quarter earnings, which disappointed market expectations. The technology services and contract manufacturer reported first-quarter…
Nomura: Japan’s automakers to benefit as Ford cedes US passenger car market
Ford has basically withdrawn from the U.S. passenger car market, offering a tailwind for Japanese and South Korean automakers, Nomura said in a note on…
‘Smoke has cleared’ over Venture earnings, RHB says, sticking with Buy
Venture managed to report a “decent set of results” despite a hit from a weaker U.S. dollar, and margins are set to expand ahead, RHB…
Venture shares plunge after first-quarter earnings disappoint
Shares of Venture plunged, extending an already deep recent slide, after the technology services and contract manufacturer reported disappointing earnings. The stock tumbled 11.73 percent…
SembMarine shares tumble after earnings ‘significantly’ miss forecasts
Sembcorp Marine shares tumbled on Thursday after the company reported earnings that missed expectations. The stock was down 6.28 percent at S$2.09 at 11:56 A.M….
Suntec REIT upgraded to Add by CGS-CIMB after earnings show retail improved
CGS-CIMB upgraded Suntec REIT to Add from Hold after its first-quarter results showed improved retail and convention performance. Suntec REIT reported net property income for…
Venture downgraded by Credit Suisse after earnings miss forecasts
Credit Suisse downgraded Venture to Neutral from Outperform and cut its estimates after first-quarter earnings missed forecasts, pointing to a lack of near-term catalysts. The…
Venture forecasts cut by Maybank KimEng, but it sticks with Buy call
Maybank KimEng cut its forecasts for Venture after its first-quarter earnings disappointed, but it stuck with a Buy call. “We continue to believe that VMS…
Singapore Pre-Market Thursday: Sembcorp Marine, Venture, Noble
Singapore’s shares are set to start trade on Thursday with positive leads from Wall Street and regional shares. The Dow Jones Industrial Average ended Wednesday…
Shares of Venture likely in focus after releasing disappointing earnings
Shares of Venture are likely to be in focus on Thursday after the stock’s plunge over the past week in the lead up to its…
Keppel Corp downgraded by Nomura as earnings set to peak
Nomura downgraded Keppel Corp. to Neutral from Buy, saying the stock’s re-rating was set to pause as earnings were peaking. Quarterly earnings momentum likely peaked…
KGI: Accordia Golf Trust set to benefit from market share gains, tourism boom
Accordia Golf Trust is set to benefit from golf course closures and consolidation in Japan’s market, KGI said in a note on Tuesday. That was…
SocGen: Go long Japan autos and short electrical appliances
Societe Generale said it’s sticking with a long Japan autos and short electrical appliances play, pointing to diverging valuations. “We like value in Japan and…
CapitaLand Commercial Trust upgraded to Accumulate by Phillip Capital
Phillip Capital upgraded CapitaLand Commercial Trust to Accumulate, calling the REIT “armed and equipped for interest rate hikes.” “Lease renewal and interest rate refinancing risks…
Venture shares extend tumble on customer concerns as anonymous post emerges
Venture shares extended their tumble ahead of its earnings on Wednesday, continuing to be hurt by concerns about its customers and potentially also an anonymous…
Why Venture’s share price tumble is overdone
This article was originally published on Tuesday, April 24, 2018 at 22:32 P.M. SGT. Venture’s share price tumbled after news Philip Morris’ IQOS sales growth…
Why the US dollar is rallying for ‘bad’ reasons
This article was originally published on Wednesday, April 25, 2018 at 4:55 A.M. SGT. The U.S. dollar has climbed against the euro and the yen…
Singapore Pre-Market Wednesday: Noble, Mapletree Commercial, Frasers Centrepoint
Singapore shares may open on the back foot on Wednesday after Wall Street suffered a selloff overnight, hit by a combination of rising bond yields…
Credit Suisse: Pork player WH Group set for rebound after trade war hit
Pork player WH Group saw its shares fall amid concerns over a potential U.S.-China trade war, but the concern is overdone, offering a good buying…
Daiwa starts CIFI Holdings at Buy, calling it an ‘upcoming major player’
Daiwa started CIFI Holdings at Buy with a target price of HK$8.08, saying the Chinese property developer has the potential to become a top-10 player….
Baidu started at Outperform by Credit Suisse on search and news feed growth
Credit Suisse started coverage of Baidu at Outperform with a US$290 target price, pointing to a sharper focus on its core business, adding new features…
Venture shares continue to tumble on concerns over its customers
Venture shares continued to tumble after tobacco giant Philip Morris’ results hurt its outlook and concern the ban on U.S. companies doing business with ZTE…
Ascendas REIT falls; Daiwa says 4Q earnings below forecast, rental reversions turn negative
Shares of Ascendas REIT fell on Tuesday after reporting results, with Daiwa saying earnings were below expectations. The unit was down 1.11 percent at S$2.68…
Singapore Pre-Market Tuesday: CapitaLand Commercial Trust, MINT, Ascendas REIT
This article was originally published at 8:38 A.M. SGT on Tuesday, April 24, 2018; it has since been updated. Singapore shares will open trade on…
Nomura: Pork producer WH Group is ‘underappreciated cash cow’
WH Group, the largest pork company in the U.S. and China, is an “underappreciated cash cow,” Nomura said, starting coverage of the stock at Buy,…
Is CapitaLand Mall Trust seeing a gradual recovery?
CapitaLand Mall Trust reported slightly better-than-expected first-quarter earnings, with “encouraging” signs from portfolio rental reversions, Daiwa said in a note on Friday. “The return of…
Charts tip Sembcorp Industries may head into an uptrend: Phillip Securities
Charts tip shares of Sembcorp Industries may head into an uptrend after the stock price closed above its recent high, Phillip Securities said on Monday….
SocGen: This will be key to how the US dollar performs ahead
How the dollar performs ahead will probably depend on how markets react to the U.S. 10-year Treasury yield potentially breaking above 3 percent, Kit Juckes,…
SGX upgraded to Buy by OCBC after earnings beat expectations
OCBC upgraded SGX to Buy after fiscal third-quarter earnings beat expectations on “sharply better” derivatives revenue. Third-quarter net profit of S$100.5 million, up 21.0 percent…