ESR Reit I BUY (initiate)

Venture is expected to report Q4 2018 net profit of S$101 million, in line with consensus estimate of S$103 million. We expect the net margin outlook to be a key focus as we are expecting some R&...

SINCE CDL Hospitality Trusts, Ascott Residence Trust and OUE Hospitality Trust posted their FY2018 results, the real estate investment trusts (Reits) have posted total returns of 5.7 per cent, 2.6...

Downgraded to "hold", given potential asset impairments and slower-than-expected ramp up in utilisation and revenue...

Singapore Post's (SingPost's) Q3 net profit rose 15.6 per cent year-on-year (yoy), boosted by a S$42.7 million exceptional gain on dilution of e-commerce service platform 4PX, but offset by...

SEMBCORP Industries (SCI) is expected to report 2018 net profit of S$321 million and Q4 2018 core net profit of S$77 million. We expect most geographies to be stable, barring India and the UK.

Its Q3 2019 distribution per unit (DPU) of 3.998 Singapore cents (+0.7 per cent y-o-y) was in line at 24 per cent/25 per cent of ours and Bloomberg consensus full-year forecasts. The y-o-y...

Consumer loan growth will likely slow in Q4 2018. After the July 2018 residential property tightening measures, the mortgage business has slowed. Nonetheless, with 9M 2018 year-to-date loan growth of...

Keppel's diversified business was evident in FY2018's results, as we saw both its property and infrastructure segments contribute most of its full-year earnings growth, which more than...

MAINTAIN "neutral" but raise target price by 3 per cent to S$1.86, one per cent upside, with a 5 per cent yield. CapitaLand Commercial Trust's (CCT) Q4/FY18 results met expectations. ...