bullish
Singapore Market Roundup (05-Feb-2025): Singtel may raise FY2025 ebit growth guidance.
SUMMARY
- Singtel is considering raising their FY2025 ebit growth guidance to mid-to-high teens, attributed to successful cost cutting efforts according to CGSI.
- IG forecast predicts OCBC stock may reach $19 and UOB may rise to $39.90. RHB increases Centurion's target price and earnings due to higher rate assumptions.
- CGSI maintains 'add' rating for Genting Singapore despite slow tourism recovery. However, DBS and RHB cut CDLHT's target price due to Singapore hotel oversupply.
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