OCBC Investment Research has lowered its fair value estimate of City Developments Ltd (CDL) to S$10.64 from S$10.74 previously, while CGS-CIMB has lowered its target price on the counter to S$10....

DBS Group Research has upgraded Sunpower Group to "buy" from "hold with a raised target price of S$0.69 from S$0.49. DBS said the worst appears to be over for Sunpower, as China's economic...

CGS-CIMB has initiated coverage on NetLink NBN Trust with "add" and a target price of S$1.10, viewing the fibre-optic cable owner as a defensive yield play amid market volatility, given its high...

KGI Securities has downgraded ARA US Hospitality Trust (ARA H-Trust) to "neutral" with a lowered target price of US$0.40 from US$0.67.

BROKER'S TAKE

DBS Group Research on Thursday called Singapore's property developers "too cheap to ignore", citing attractive valuations.

DBS Group Research has upgraded Hutchison Port Holdings Trust (HPH Trust) to "buy" from "hold", as its current dividend yield of 11.3 per cent is seen as an attractive level for entry.

DBS Group Research has raised its target price on Malaysian glove maker Riverstone Holdings to S$5.51, up from S$3.90 previously. 

DBS Group Research on Thursday called Singapore's property developers "too cheap to ignore", citing attractive valuations.

BROKERS’ TAKE

PHILLIPCAPITAL on Wednesday initiated coverage on Koufu Group with a "buy" recommendation and a target price of 80 Singapore cents.

PHILLIPCAPITAL on Wednesday initiated coverage on Koufu Group with a "buy" recommendation and a target price of S$0.80.