Weekly Broker Research Reports Summary (as of 2015-07-24) Part 2

SGinvestors.io

Summary of the past week broker research reports as of 2015-07-24 (Cont').

Other reports:

ASCENDAS REAL ESTATE INV TRUST (A17U.SI)

CIMB Research 2015-07-22: Ascendas REIT - Stable but unexciting outlook. Maintain HOLD.

RHB Research 2015-07-23: Ascendas REIT - Operating Trends Are Sustained. Maintain NEUTRAL.

OCBC Investment Research 2015-07-23: Ascendas REIT - A decent set of results . Maintain HOLD.

UOB Kay Hian Research 2015-07-23: REIT Sector - 2Q15 Results Of AREIT, ART, CMT, FCT In Line With Expectations.

Maybank Kim Eng Research 2015-07-23: Ascendas REIT - Concerns Allayed; U/G to HOLD.

ASCOTT RESIDENCE TRUST (A68U.SI)

CIMB Research 2015-07-22: Ascott Residence Trust - Continues to sail. Maintain HOLD.

UOB Kay Hian Research 2015-07-23: REIT Sector - 2Q15 Results Of AREIT, ART, CMT, FCT In Line With Expectations.

BREADTALK GROUP LIMITED (5DA.SI)

OCBC Investment Research 2015-07-20: Consumer Sector - Expect similar drags in 2Q

CACHE LOGISTICS TRUST (K2LU.SI)

Maybank Kim Eng Research 2015-07-21: Cache Logistics Trust - Tenants’ Market. Maintain BUY.

Phillip Securities Research 2015-07-21: Cache Logistics Trust - Soft market underpinning a flat quarter. Maintain ACCUMULATE.

UOB Kay Hian Research 2015-07-21 (REIT): 2Q15 Results Of Both Keppel REIT And Cache Logistics Trust In Line With Expectations. Maintain BUY.

CIMB Research 2015-07-21: Cache Logistics Trust - Weaker margins, firm outlook. Maintain ADD.

RHB Research 2015-07-22: Cache Logistics Trust - Cheerless Quarter Lacklustre Year. Maintain NEUTRAL.

CAMBRIDGE INDUSTRIAL TRUST (J91U.SI)

CIMB Research 2015-07-23: Cambridge Industrial Trust - Fewer upcoming conversions. Maintain HOLD.

CAPITALAND COMMERCIAL TRUST (C61U.SI)

CIMB Research 2015-07-24: CapitaLand Commercial Trust - A well-positioned REIT. Upgrade to ADD.

CAPITALAND MALL TRUST (C38U.SI)

OCBC Investment Research 2015-07-22: CapitaLand Mall Trust: 2Q15 results within expectations. Maintain HOLD.

Maybank Kim Eng Research 2015-07-22: CapitaLand Mall Trust - Mid-term Concerns Dominate. Maintain SELL.

CIMB Research 2015-07-22: CapitaLand Mall Trust - Steeper Inorganic Growth Path. Upgrade to ADD.

DBS Group Research 2015-07-23: CapitaLand Mall Trust - Future-proofing the REIT. Maintain HOLD.

OCBC Investment Research 2015-07-23: CapitaLand Mall Trust - Drag from asset repositioning. Maintain HOLD.

UOB Kay Hian Research 2015-07-23: REIT Sector - 2Q15 Results Of AREIT, ART, CMT, FCT In Line With Expectations. (Cont')

RHB Research 2015-07-23: Capitaland Mall Trust - Repositioning For The Long Term. Maintain BUY.

COSCO CORPORATION (S) LTD (F83.SI)

OCBC Investment Research 2015-07-20: COSCO Corp - Expects net loss in 2Q15 results. Maintain SELL.

DBS GROUP HOLDINGS LTD (D05.SI)

CIMB Research 2015-07-23: Singapore Banks - Warren Buffett’s No.1 rule.

FIRST REAL ESTATE INV TRUST (AW9U.SI)

CIMB Research 2015-07-21: First REIT - Ready For Acquisition. Maintain ADD.

Phillip Securities Research 2015-07-22: First REIT - Growth Story Intact – Higher debt ceiling a boost. Maintain ACCUMULATE.

FIRST RESOURCES LIMITED (EB5.SI)

CIMB Research 2015-07-22: First Resources Ltd - Adding estates and 2Q preview. Remain ADD.

DBS Group Research 2015-07-23: First Resources Ltd - Acquisition of new estates. Maintain HOLD.

UOB Kay Hian Research 2015-07-23: First Resources - To Sustain Growth From Acquisition Of Planted Areas. Maintain BUY.

Maybank Kim Eng Research 2015-07-23: First Resources - Small Acquisition at Fair Price. Maintain BUY.

FRASER AND NEAVE LIMITED (F99.SI)

CIMB Research 2015-07-23: Frasers & Neave Limited - MBL valuation does little to help. Maintain REDUCE.

FRASERS CENTREPOINT TRUST (J69U.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes.

CIMB Research 2015-07-22: Frasers Centrepoint Trust - Healthy and stable. Maintain ADD.

Maybank Kim Eng Research 2015-07-23: Frasers Centerpoint Trust - Steady as she goes. Maintain HOLD.

OCBC Investment Research 2015-07-23: Frasers Centrepoint Trust - Steady performance. Reiterate BUY.

UOB Kay Hian Research 2015-07-23: REIT Sector - 2Q15 Results Of AREIT, ART, CMT, FCT In Line With Expectations. (Cont')

Phillip Securities Research 2015-07-24: Frasers Centrepoint Trust - A safe haven in tumultuous times. Maintain ACCUMULATE.

RHB Research 2015-07-23: Frasers Centerpoint Trust - High Suburban Resilience. Maintain BUY.

GLOBAL LOGISTIC PROP LIMITED (MC0.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes (Cont')

CIMB Research 2015-07-22: Global Logistic Properties - Establishing China Logistics Fund II (CLF II). Maintain ADD.

HUTCHISON PORT HOLDINGS TRUST (NS8U.SI)

DBS Group Research 2015-07-23: Hutchison Port Holdings Trust - Lower dividends as expected. Maintain HOLD.

OCBC Investment Research 2015-07-23: Hutchison Port Holdings Trust: Decent growth but below expectations. Maintain HOLD.

KEPPEL CORPORATION LIMITED (BN4.SI)

CIMB Research 2015-07-22: Keppel Corp - Flexibility built in. Maintain ADD.

Maybank Kim Eng Research 2015-07-24: Keppel Corp - Weaker Than It Looks. Maintain HOLD.

OCBC Investment Research 2015-07-24: Keppel Corporation: A soft quarter. Maintain HOLD.

CIMB Research 2015-07-24: Keppel Corp - Strategically prepared. Retain ADD.

UOB Kay Hian Research 2015-07-24: Keppel Corp - 2Q15 Held Up By Exceptional Gains, And Lower Tax And Minority Interests. Maintain HOLD.

KEPPEL DC REIT (AJBU.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes.

KEPPEL REIT (K71U.SI)

Maybank Kim Eng Research 2015-07-21: Keppel REIT - Little Surprise. Maintain BUY.

RHB Research 2015-07-21: Keppel REIT - Still No Signs Of DPU Recovery. Reiterate NEUTRAL.

UOB Kay Hian Research 2015-07-21 (REIT): 2Q15 Results Of Both Keppel REIT And Cache Logistics Trust In Line With Expectations. Maintain BUY.

DBS Group Research 2015-07-21: Keppel REIT - Maintaining a defensive portfolio. Maintain BUY.

CIMB Research 2015-07-21: Keppel REIT - Outlook Remains Stable. Maintain HOLD.

M1 LIMITED (B2F.SI)

Maybank Kim Eng Research 2015-07-21: M1 - Still calm for now. Maintain HOLD.

DBS Group Research 2015-07-21: M1 - Flat results due to industry-wide challenges. Maintain BUY.

UOB Kay Hian Research 2015-07-21: M1 - 2Q15 Unwelcome Decline In Mobile Revenue. Maintain SELL.

RHB Research 2015-07-21: M1 - A Weaker 1H15 Call. Maintain BUY.

OCBC Investment Research 2015-07-21: M1 - 2Q15 results came in as expected. Maintain BUY.

CIMB Research 2015-07-21: M1 - Flattish performance. Maintain HOLD.

MAPLETREE COMMERCIAL TRUST (N2IU.SI)

Maybank Kim Eng Research 2015-07-24: Mapletree Commercial Trust - Cautiously Optimistic. Maintain HOLD.

CIMB Research 2015-07-23: Mapletree Commercial Trust - Mixed results. Maintain HOLD.

MAPLETREE INDUSTRIAL TRUST (ME8U.SI)

Maybank Kim Eng Research 2015-07-22: Mapletree Industrial Trust - Strong operating performance. Maintain BUY.

OCBC Investment Research 2015-07-22: Mapletree Industrial Trust - Continued moderation in rental reversions. Maintain SELL.

UOB Kay Hian Research 2015-07-22: Results Of Both Mapletree Logistics Trust And Mapletree Industrial Trust In Line With Expectations. BUY MLT HOLD MINT.

MAPLETREE LOGISTICS TRUST (M44U.SI)

CIMB Research 2015-07-21: Mapletree Logistics Trust - Acquisitions pave the way. Maintain ADD.

OCBC Investment Research 2015-07-22: Mapletree Logistics Trust - Acquisitions to mitigate organic pressures. Maintain HOLD.

UOB Kay Hian Research 2015-07-22: Results Of Both Mapletree Logistics Trust And Mapletree Industrial Trust In Line With Expectations. BUY MLT HOLD MINT.

RHB Research 2015-07-22: Mapletree Logistics Trust - Short Term Pain For Long Term Gain. Maintain NEUTRAL.

NEO GROUP LIMITED (5UJ.SI)

RHB Research 2015-07-21: NEO Group - Catering To Singapore Gourmands. Initiate coverage with BUY.

NEPTUNE ORIENT LINES LIMITED (N03.SI)

UOB Kay Hian Research 2015-07-20: Neptune Orient Lines - How Much Would NOL Fetch In A Sale? Maintain BUY.

OCBC Investment Research 2015-07-20: Neptune Orient Lines Ltd - Put up for sale by Temasek?

OSIM INTERNATIONAL LTD (O23.SI)

OCBC Investment Research 2015-07-20: Consumer Sector - Expect similar drags in 2Q

Maybank Kim Eng Research 2015-07-21: OSIM International - Lacklustre environment. Maintain HOLD with TP reduced.

CIMB Research 2015-07-24: OSIM International - De-rating provides good upside. Upgrade to ADD.

OCBC Investment Research 2015-07-24: OSIM International: Room for disappointment. Maintain HOLD.

UOB Kay Hian Research 2015-07-24: OSIM International - 1H15 Another Weak Set Of Results. Maintain HOLD.

RHB Research 2015-07-24: OSIM International - Grab a Chair While The Queue Is Short. Upgrade to BUY.

DBS Group Research 2015-07-24: OSIM International - Wait for more sustained recovery. Maintain HOLD.

OUE LIMITED (LJ3.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes (Cont')

OVERSEA-CHINESE BANKING CORP (O39.SI)

CIMB Research 2015-07-23: Singapore Banks - Warren Buffett’s No.1 rule.

OVERSEAS EDUCATION LIMITED (RQ1.SI)

UOB Kay Hian Research 2015-07-20: Overseas Education (OEL SP) - Brand New Term, Brand New Campus. Maintain BUY.

PETRA FOODS LIMITED (P34.SI)

OCBC Investment Research 2015-07-20: Consumer Sector - Expect similar drags in 2Q

SATS LTD (S58.SI)

OCBC Investment Research 2015-07-24: SATS Ltd - Looking for more overseas investments. Maintain HOLD.

Phillip Securities Research 2015-07-24: SATS Ltd - Margins improvement with cost control measures. Upgrade to NEUTRAL.

CIMB Research 2015-07-24: SATS Ltd - Waiting for volume growth. Maintain HOLD.

UOB Kay Hian Research 2015-07-24: SATS Limited - 1QFY16 Operating Margins Improve Despite Lower Top-Line. Maintain BUY.

RHB Research 2015-07-24: SATS Ltd - Trading At Stretched Valuations. Retain NEUTRAL.

DBS Group Research 2015-07-24: SATS Ltd - Reaping productivity gains. Maintain HOLD.

SEMBCORP MARINE LTD (S51.SI)

RHB Research 2015-07-20: SembCorp Marine - Lands A Massive USD1bn Fish. Maintain NEUTRAL.

SHENG SIONG GROUP LTD (OV8.SI)

OCBC Investment Research 2015-07-20: Consumer Sector - Expect similar drags in 2Q

CIMB Research 2015-07-23: Sheng Siong Group - Upside from gross margins. Maintain ADD.

STARHILL GLOBAL REIT (P40U.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes.

SUNTEC REAL ESTATE INV TRUST (T82U.SI)

OCBC Investment Research 2015-07-24: Suntec REIT - Cloudy earnings visibility. Maintain SELL.

DBS Group Research 2015-07-24: Suntec REIT - Patience is key. Maintain HOLD.

CIMB Research 2015-07-23: Suntec REIT - Stable office as retail ramps up. Maintain HOLD.

UOB Kay Hian Research 2015-07-24: Suntec REIT - 2Q15: Extracting Value. Maintain BUY.

THAI BEVERAGE PUBLIC CO LTD (Y92.SI)

OCBC Investment Research 2015-07-20: Consumer Sector - Expect similar drags in 2Q

CIMB Research 2015-07-23: Thai Beverage - What is Charoen doing?

TIGER AIRWAYS HOLDINGS LIMITED (J7X.SI)

CIMB Research 2015-07-22: Tiger Airways - Breakeven Achieved… What’s Next? Maintain REDUCE.

DBS Group Research 2015-07-22: Tiger Airways Holdings - Turnaround on track. Maintain BUY.

UOB Kay Hian Research 2015-07-23: Tigerair - 1QFY16 Pricing Momentum Slows And That Presents The Greatest Risk. Maintain HOLD.

UNITED OVERSEAS BANK LTD (U11.SI)

CIMB Research 2015-07-23: Singapore Banks - Warren Buffett’s No.1 rule.

WHEELOCK PROPERTIES (S) LTD (M35.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes (Cont')

WING TAI HLDGS LTD (W05.SI)

OCBC Investment Research 2015-07-21: Property Sector - Cautious on S-REITs; Reallocate To High-End and Growth Themes (Cont')

Back to Part 1 »