Brokers' Take

BROKERS’ TAKE

S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts

Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace

Seatrium expects sustained demand for oil and gas assets from rising global energy consumption, especially from data centres and artificial intelligence technologies.
BROKERS’ TAKE

Seatrium back on track with estimated S$2 billion TenneT order: analysts

The latest contract lifts the total value of its new wins in FY2025 past S$4 billion

Developers are increasingly signalling that they are ready to enter a new growth phase, DBS Research says.

DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand  

The increase comes on lower interest rates and plans by these firms to recycle capital and rejuvenate assets

Highly leveraged Reits like Keppel Reit are expected to benefit from the ongoing interest rate pivot, says Morningstar.
BROKERS’ TAKE

Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside

They name a few buy-rated stocks, and expect core CBD rents to rise

Ultragreen.ai's initial public offering is Singapore's biggest since 2017, excluding real estate investment trust listings.
BROKERS’ TAKE

UOBKH initiates coverage on UltraGreen.ai with ‘buy’ on optimistic growth outlook

The company is well-positioned to benefit from potential expansion in the fluorescence-guided surgery market, say UOBKH analysts

CIMB's 9M net profit inched up 0.2% to RM5.94 billion, from RM5.93 billion in the corresponding period last year.
BROKERS’ TAKE

Analysts raise CIMB target price on ‘surprise’ capital return initiative

The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027

A Chinese court's recent ruling on Wilmar's alleged contract fraud heightens the company's reputational risk, says analyst Nirgunan Tiruchelvam.
BROKERS’ TAKE

Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes

China contributes more than half of the agribusiness group’s earnings

Strong pre-sales and the redevelopment of 20 Shaw Road “extend growth visibility” for industrial developer Soon Hock Enterprise beyond 2027.
BROKER’S TAKE

UOB Kay Hian initiates coverage on Soon Hock; optimistic on its S$1 billion project pipeline

UOB also expects attractive dividend yields of 5.5% and 10% for 2025 and 2026, respectively

Singapore's banks are set for "significant improvements in value creation" over a multi-year period, said JPMorgan on Friday.
BROKERS’ TAKE

JPMorgan sees DBS at S$70 in a year’s time; with potential S$3.30 dividend for years

Its analysts also upgrade OCBC, SGX to ‘overweight’; see volatility for UOB

Key risks for the trust include contract renewal, as well as regulatory and policy uncertainty risk across Singapore concession assets.
BROKERS’ TAKE

RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call

The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile