Brokers' take

Brokers' take

13/2/2019 12:59:00 PM

Brokers' take

ESR REIT I BUY (INITIATE) FEB 12 CLOSE: $0.515 TARGET PRICE: $0.61 RHB Research, Feb 12 ESR-Reit (real estate investment trust) has been on a transformational path from the time ESR Group (ESR) became its sponsor (January 2017), with...

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Not desirable to move ministers after less than a year, but situation ‘can’t be helped’: PM Lee

SINGAPORE — It is not desirable to give Cabinet ministers short stints in their portfolios owing to the disruption it can cause, but such moves are sometimes necessary, Prime Minister Lee Hsien Loong said on Friday (April 23).

Broker's take: DBS downgrades Ezion to 'hold' with clearer signs of turnaround required for rerateDBS analyst Ho Pei Hwa has downgraded her call on Ezion Holdings and lowered the target price for the liftboat-focused company's stock. DBS Group Research now has a 'hold' call with a target price of six Singapore cents, from 14 Singapore cents previously. Read more at The Business Times.

Broker's take: OCBC downgrades First Reit to 'sell' on concerns of valuation and sponsorOCBC Investment Research has downgraded First Reit from 'hold' to 'sell' as valuations are still not compelling, and concerns over the Reit's (real estate investment trust) main revenue contributor and sponsor remain. Read more at The Business Times.

Broker's take: Jefferies upgrades CDL to 'buy' amid property sector headwindsJEFFERIES has upgraded City Developments (CDL) from 'hold' to 'buy', citing decent take-up for the developer's recent property launches, a pickup in hotel operations and its diversified portfolio as driving factors. Read more at The Business Times.

Brokers' take: OCBC downgrades HPH Trust to 'sell'; DBS maintains 'hold'OCBC Investment Research has downgraded its call on Hutchison Port Holdings Trust (HPH Trust) from 'buy' to 'sell', on the back of an unexpected HK$12.3 million (S$2.1 million) non-cash impairment loss, while DBS Group Research has maintained its 'hold' rating on the counter, with a target price of US$0.26. Read more at The Business Times.

FDA takes action against Walgreens for violating tobacco sale laws by selling to minorsThe U.S. Food and Drug Administration said on Thursday it was taking action against certain retailers including Walgreen Boots Alliance for ...

Leaders will do what it takes to put things right: Heng Swee KeatFinance Minister Heng Swee Keat rejects suggestion that political leadership has 'allowed the whole system to go slack'.. Read more at it's nice and sweet to cover up but please be nice to your citizens as they have grown wiser; being placed on a long Q behind lots of priorities and even unknowingly behind foreign workers

Asian shares doze in data lull, New Zealand dollar takes a diveAsian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on ...

Greek minister caught taking a puff tells EU official to butt outGreece's deputy health minister has told the European Union's top health official to butt out after getting a reprimand for smoking in public. Deputy minister Pavlos Polakis was caught on video footage this week holding a cigarette while dancing in a club. It drew a rebuke from EU Health Commissioner

Nancy Pelosi's Daughter Jokes That Infamous Clap At Trump Took Her Back To Teen YearsNancy Pelosi's daughter jokes that infamous clap at Trump took her back to teen tears.