UOL will be increasing its stake in UIC to 48.94% from 44.71% via a share swap deal with Haw Par. We see this deal between related parties of Dr Wee Cho Yaw as ...

AREIT remains our top industrial sector pick and the best play into a recovery in sector fundamentals, with supply tapering in 2017, and its well-entrenched ...

Raffles Medical is a proxy to the Singapore’s healthcare sector and its expansion in China provides exposure to the underdeveloped private healthcare market. It ...

HMI operates two hospitals in Malaysia and is the only group in Singapore that offers an independent practice model. After building a firm foundation by turning ...

SMG’s multi-disciplinary platform is a good proxy to the highly profitable and fragmented medical specialist segment, where the largest player only commands ...

ISEC provides exposure to the niche ophthalmology healthcare services, which is set to tap into the positive trends of: 1) a rapidly ageing population which has ...

Q&M provides exposure to the niche dental healthcare segment; it is the leading dental group in Singapore with a growing presence in China and Malaysia. It aims ...

AAREIT ranks as Singapore’s fourth largest industrial REIT on AUM with its 27 warehouse, light industrial and business park assets, leveraged to recovering ...

Viva has resolved its Jackson Square (JS) issue to settle for compensation, and remains entitled to a rental support bank guarantee as well as additional ...

Slowdown in new planting will lift and boost BAL’s positive FCF in FY17-19. BAL is considering raising its dividend payout to up to 50% (from 20%) from FY17. We ...

While reported 4Q17 PATMI of SGD66.6m was in line with our (and street) forecasts, it included a one-off SGD15m, excluding which the results were lower than ...

4Q17/FY17 NP was in line. The main drag YoY was India competition on Airtel, but that was expected. FY18 guidance is decent and ultimately silent on the ...

Decent 1Q17 results were boosted by higher output and higher CPO ASP achieved. The best is yet to come as BAL’s strongest quarter has traditionally been its ...

Maintain HOLD following 2Q17 results that missed expectations, which was mainly due to a lack of new outlets, higher franchise development costs, as well as ...

1Q17 was a good quarter with over half of UOL's new launch, The Clement Canopy, already sold. The recently acquired site at 45 Amber Road adds to its launch ...

We cut our FY17E EPS by 2% to reflect weaker taxi segment, and expect taxi’s EBIT to decline 7% in FY17E. Maintain HOLD with TP lowered 2% to SGD2.64, based on ...

We cut our EPS by 2% and DCF-based TP 4% to SGD1.29; Reiterate HOLD. FY17 core earnings fell 25% YoY, in line with our expectation, but below consensus at ...

Although we lifted our estimates recently, 1Q17 core net profit still outperformed our expectation. Trade receivables impairments in 1Q17 was a record low and ...

OCBC held a corporate day to present the initiatives for its consumer/WM platforms. We are positive on its wealth platform, customer-centric approach and ...

The group's cautious land acquisition strategy has led to land-bank depletion and poor earnings visibility. With a low recurring income base to offset headwinds ...