Despite some variances due to implementation of new contract accounting standards, we believe M1’s 1Q18 results were in line with low expectations (ours and ...

Our forecasts are unchanged for following in-line 2Q18 results (MKE and Consensus). SPHREIT remains a strong proxy to growth in tourist arrivals and a recovery ...

Since GENS reported 4Q17 EBITDA fell 20% QoQ, its share price has tumbled 14%. Adjusting for normal VIP win rate and non-recurring items, 4Q17 EBITDA would have ...

With the M1 de-rating close to levels we envisage in our base case scenario of gradual erosion in incumbents’ revenues, we upgrade to a HOLD. However, it is ...

With the StarHub de-rating close to levels we envisage in our base case scenario of gradual erosion in incumbents’ revenues, we upgrade to a HOLD. However, it ...

Excessive concerns about e-commerce disruptions led to SSG’s 12M underperformance of 10% against the STI, despite its results resilience. SSG continues to offer ...

STE held its first ever Investor Day for buy & sell side followers of the company – roughly an eight-hour affair with presentations from and interaction with ...

VALUE is a beneficiary of emerging demand for home IOT and car connectivity through its smart-lighting customer and Aptiv, both market leaders in their fields. ...

We U/G OCBC to BUY. We expect OCBC’s earnings momentum could sustain, particularly in a risk-on environment. We raise our FY18-20E net profit estimates by 4-12% ...

We believe UOB can generate robust earnings in a cyclical upturn. We raise FY18-20E net profits by 2-5% mainly on higher loan growth and higher non-interest ...

We lift FY18-20E EPS by 1-15% for newly-acquired Pacific Mansion and higher ASPs for Martin Modern. These are partially offset by higher financing costs from ...

BS has acquired its first condominium site in a decade with Katong Park Towers. We expect management to launch the newly-acquired project just before the ...

After three lacklustre years due to tough market conditions and restructuring costs, growth catalysts are falling in place. Aerospace is recovering; recent ...

Jumbo has entered into a joint venture with Tsui Wah to set up a HK-style “Cha Chaan Teng” in Singapore. The brand is well-known in HK and China. This will be ...

Potential acquisition of Uber by Grab, reported by Bloomberg, could be positive for Comfort if it happens in Singapore, as the consolidation could reduce ...

During our recent NDR with SGX in Malaysia, investors were interested in: 1) growth strategies and opportunities; and 2) the latest developments on the BM-SGX ...

FY17 net profit missed our estimate by 11%, due to professional fees for M&As and start-up costs for two clinics. Nonetheless, FY17 earnings surged 251% and the ...

FY17 core earnings missed our est. by 7% due to earlier closure of Westlite Tuas by one month and weaker rental in the Singapore market. We forecast EPS to ...

FY17 core EBIT was inline. Management made impairments to Cape Royale, but is looking to relaunch its unsold stock in Sentosa to capitalise on the pick-up in ...

VMS delivered FY17 core PATMI of SGD361.5m (+100 YoY), which was 10.6%/7.5% ahead of our/consensus forecasts. This was driven by margin expansion as a result of ...