DBS Group - Economic Headwinds, Above Mean Valuation
Against the backdrop of a weak domestic economy and an uncertain global economic outlook, and an above-mean valuation of 1.4x P/BV, DBS's share...
461 Views
Singapore Airlines (SIA) - Rising Pressure On Load Factors & Yields
We resume coverage on SIA with a REDUCE recommendation and target price of S$6.80, based on 1.1x P/B for FY24e. This is in line with historical P/B...
480 Views
Thai Beverage - Anticipating Consumption Recovery; Keep BUY
We continue to like Thai Beverage for its strong market leadership in Thailand and Vietnam, and as a beneficiary to Thailand’s economic recovery...
487 Views
Uni-Asia Group - Waiting For Supply To Bite
The average charter rate in 1Q23 for Uni-Asia Group (SGX:CHJ) was US$12,423/day, a 33% y-o-y decline and below our US$14,500/day estimate for FY23e.
340 Views
Sheng Siong - Palatable Valuations; Keep BUY
Sheng Siong's share price has declined ~7% from S$1.77 to S$1.64, along with the wider market, including the STI Index, since our report Sheng...
351 Views