Brokers' take: RHB upgrades ComfortDelGro (cdgtaxi_sg) to 'buy'; CGS-CIMB, DBS maintain
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Brokers' takeESR REIT I BUY (INITIATE) FEB 12 CLOSE: $0.515 TARGET PRICE: $0.61 RHB Research, Feb 12 ESR-Reit (real estate investment trust) has been on a transformational path from the time ESR Group (ESR) became its sponsor (January 2017), with...
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Brokers' take: OCBC downgrades HPH Trust to 'sell'; DBS maintains 'hold'OCBC Investment Research has downgraded its call on Hutchison Port Holdings Trust (HPH Trust) from 'buy' to 'sell', on the back of an unexpected HK$12.3 million (S$2.1 million) non-cash impairment loss, while DBS Group Research has maintained its 'hold' rating on the counter, with a target price of US$0.26. Read more at The Business Times.
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Broker's take: Jefferies upgrades CDL to 'buy' amid property sector headwindsJEFFERIES has upgraded City Developments (CDL) from 'hold' to 'buy', citing decent take-up for the developer's recent property launches, a pickup in hotel operations and its diversified portfolio as driving factors. Read more at The Business Times.
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Broker's take: DBS downgrades Ezion to 'hold' with clearer signs of turnaround required for rerateDBS analyst Ho Pei Hwa has downgraded her call on Ezion Holdings and lowered the target price for the liftboat-focused company's stock. DBS Group Research now has a 'hold' call with a target price of six Singapore cents, from 14 Singapore cents previously. Read more at The Business Times.
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ComfortDelGro posts modest rise in net earningsTransport giant ComfortDelGro posted a modest 0.6 per cent rise in net earnings to $303.3 million for the year ended Dec 31 as weaker taxi and automotive engineering performances offset a strong public transit segment. The absence of a special dividend from Australian unit Cabcharge and a...
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DBS partners SMU on comprehensive initiative to promote, grow sustainabilityDBS Bank and Singapore Management University (SMU) are joining hands on a comprehensive initiative that focuses on promoting and growing sustainability. The lender plans to contribute more than S$1 million towards the programme and has committed S$600,000 in the first two years of the partnership. Read more at The Business Times.
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DBS hires Citibank Singapore CEO to head group strategyDBS has snagged former Citibank Singapore CEO Han Kwee Juan, who will from April take on the role of group head of strategy and planning. Read more at The Business Times.
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Ex-Citibank Singapore CEO Han Kwee Juan joining DBS as group head of strategy and planningFORMER Citibank Singapore CEO Han Kwee Juan will be joining DBS Group Holdings as group head of strategy and planning in April, DBS announced on Monday. Read more at The Business Times.
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