Vivienne Tay, - THE BUSINESS TIMES

Brokers' take: RHB upgrades OCBC to 'buy'; Maybank KE, Jefferies raise target prices

RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price (TP) of S$12.50 from S$9.50 previously. At least two other research houses also raised their targets on the counter.

UOB sounds optimistic note; Q4 profit falls 32%

UOB, a strong player in the small- and medium-sized enterprises space, does not see concentrated risks in its loan book, estimating credit costs for the year at 30-40 basis points. 

Brokers' take: Sembcorp a 'classic' for ESG investment

CGS-CIMB on Wednesday called Sembcorp Industries (SCI) a "classic stock" for environmental, social and governance (ESG) investment in the longer term given its proper communication of its renewable energy plans.

ARA H-Trust posts US$3m net property loss for H2; no distributable income

ARA US Hospitality Trust (ARA H-Trust) posted a net property loss of US$3 million and no distributable income for the second half ended Dec 31, 2020, after taking fixed costs into consideration.

Singapore stocks open higher on Wednesday; STI up 0.6%

SINGAPORE shares opened higher on Wednesday boosted by gains from banks. Overnight, Wall Street ended mostly flat after stocks bounced back from sharp early losses.

CapitaLand sinks into the red with S$1.67b H2 loss on revaluation losses, impairments

CAPITALAND has sunk into the red with a net loss of S$1.67 billion for the second half ended Dec 31, 2020, from a net profit of S$1.26 billion a year ago.

Brokers' take: RHB downgrades Bumitama Agri to 'sell' on lower-priced forward sales

RHB on Tuesday downgraded Bumitama Agri to "sell" from "buy", with a lowered target price of S$0.45 from S$0.60. Maybank Kim Eng also cut its target price to S$0.65 from S$0.78 and maintained its "buy" call on the stock.

Cromwell E-Reit cuts H2 DPU by 14.6% to 1.744 euro cents

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) distribution per unit (DPU) fell by 14.6 per cent to 1.744 euro cents (2.79 Singapore cents) for the second half ended Dec 31, 2020, from 2.04 euro cents a year ago.

Sembcorp Industries sinks into the red with S$866m H2 net loss

SEMBCORP Industries (SCI) sank into the red with an S$866 million net loss for the second half ended Dec 31, 2020, from a net profit of S$56 million a year ago.

Sembmarine H2 loss widens to S$390.4m on lower turnover, impairments

SEMBCORP Marine (Sembmarine) saw its net loss for the second half widen to S$390.4 million, from S$130.3 million a year ago.

BROKERS' TAKE

RHB optimistic on ST Engg's 2021 earnings recovery, reiterates 'buy'

RHB on Monday said it remains optimistic on Singapore Technologies Engineering's (ST Engineering) 2021 earnings recovery, aided by order delivery normalisations across all business segments.

Logistics property player GLP obtains US$658m sustainability-linked loan

GLOBAL logistics property player GLP has obtained its first sustainability-linked (SL) loan of US$658 million from 10 undisclosed banks that participated in the deal.

MC Payment makes Catalist debut following Artivision RTO

DIGITAL payments services firm MC Payment made its Catalist debut on Monday morning following the successful completion of the reverse takeover (RTO) of Artivision Technologies on Feb 18.

Brokers' take: RHB optimistic on ST Engg's 2021 earnings recovery, reiterates 'buy'

RHB on Monday said it remains optimistic on Singapore Technologies Engineering's (ST Engineering) 2021 earnings recovery, aided by order delivery normalisations across all business segments.

Bumitama Agri posts 51.9% rise in H2 net profit on higher palm oil prices

INDONESIAN palm oil producer Bumitama Agri on Monday posted a 51.9 per cent rise in net profit for H2 of fiscal 2020, on the back of higher palm oil prices.

Brokers' take: Lendlease Global Reit a top Orchard Road recovery play for DBS

DBS Group Research on Thursday maintained Lendlease Global Commercial Reit (Lendlease Global Reit) as its top pick for an Orchard Road recovery play due to attractive risk-to-reward perspective.

Keppel Reit launches private placement to raise at least S$270m

KEPPEL Reit's manager on Thursday proposed a private placement of between 235.6 million and 242.8 million new units at an issue price of between S$1.112 and S$1.146 per new unit to raise at least S$270 million in gross proceeds.

Jansen Mansion makes second en bloc attempt at lower reserve price

THE owners of 999-year leasehold condominium Jansen Mansion are making a second attempt at a collective sale on Thursday, this time at a lowered reserve price of S$19.8 million, from S$22 million in 2018.

Kovan's Jansen Mansion in second en bloc attempt, reserve price lowered to S$19.8m

THE owners of 999-year leasehold condominium Jansen Mansion are making a second attempt at a collective sale on Thursday, this time at a lowered reserve price of S$19.8 million from S$22 million in 2018.

Singapore stocks open lower after mixed Wall Street session; STI down 0.8%

SINGAPORE shares opened weaker on Wednesday after a mixed session on Wall Street as investors take profit.

Broker's take: More room to grow for ComfortDelGro's payout ratio, says Maybank KE

MAYBANK Kim Eng said on Tuesday that it sees room for a higher payout ratio for ComfortDelGro. This comes as the transport operator's bottom line recovers and net cash position continues to strengthen in fiscal 2021.

Singapore shares rise at Tuesday's open ahead of Budget; STI up 0.2%

SINGAPORE stocks opened higher on Tuesday ahead of the Budget to be delivered later in the day.

Guoco Midtown to bring 30 thematic gardens into Singapore's CBD

GUOCOLAND is weaving 30 gardens into a patch of Singapore's concrete jungle, as more developers take up the challenge to embed "green" features into their projects.

AEM gets SGX in-principle approval for new shares, affirms S$1.15 CEI share offer

ELECTRONICS services provider AEM Holdings on Monday said it received in-principle approval from the Singapore Exchange (SGX) for the listing and quotation of new shares on Saturday, a pre-condition for its S$99.7 million buy-out offer for CEI to go through.

Singtel says standalone third-party file-sharing system hacked

SINGAPORE Telecommunications (Singtel) on Thursday said unidentified hackers illegally attacked a third-party standalone system it uses to share information internally and with external stakeholders.