RHB: CapitaLand efforts on income beginning to reap rewards
CapitaLand’s efforts to build a stable, recurring income base are beginning to bear fruit, RHB said in a note on Wednesday, pointing to contributions from…
Daiwa: DBS is ‘entering the growth phase with a bang’
DBS is “entering the growth phase with a bang,” Daiwa said in a note on Monday, noting first-quarter results beat its forecasts. On Monday, DBS…
RHB raises DBS earnings forecasts, but says positives are priced in
DBS’ first-quarter earnings beat expectations, leading to forecast increases, but those positives are already priced in to the stock, RHB said in a note on…
Nomura: DBS’ strong results bode well for OCBC and UOB
DBS results offer a good read across for Singapore peers UOB and OCBC, but the net interest margin (NIM) and credit cost reduction may not…
Singapore Pre-Market Wednesday: CapitaLand, SPH REIT, City Developments
Singapore’s market will restart trade on Wednesday after closing for the Labour Day holiday on Tuesday, with a weak lead from Wall Street and Japanese…
Why the election could make Malaysia’s economic problems worse
Malaysia’s election on May 9 will do nothing to solve its institutional problems, no matter who wins, and may even make some issues worse, Capital…
Sheng Siong downgraded by UOB KayHian after in-line earnings
UOB KayHian downgraded supermarket operator Sheng Siong to Hold from Buy, despite first-quarter earnings coming in largely as expected. Sheng Siong reported on Friday that…
JPMorgan: Why you shouldn’t chase the US dollar rally higher
JPMorgan said it was staying largely neutral on the U.S. dollar as its recent bounce lacked a solid explanation. The U.S. dollar index, which measures…
Phillip Capital: China Sunsine has ‘incredible start for the year’
China Sunsine Chemical has had an “incredible start for the year,” Phillip Capital said, noting first quarter net profit beat its forecast by around 14…
RHB: Valuetronics selloff is overdone and offers a buying opportunity
The selloff in Valuetronics shares after its Dutch MNC customer’s results missed is a good buying opportunity as the Singapore-listed company’s fundamentals are intact, RHB…
Shenton Wire wishes you a restful Labour Day holiday
Shenton Wire wishes you a restful Labour Day holiday. We will resume publishing on Wednesday, May 2, 2018.
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…
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…