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STOCKS NEWS ASEAN-UBS cuts Singapore's SMRT to sell on profitability
UBS downgraded Singapore's public transport operator SMRT Corp Ltd to sell from neutral, citing a squeeze on profitability and cut its target price to S$1.41 from S$1.70. The government's push for higher spending on rail means structurally lower margins for SMRT, and with all of its revenue from Singapore, the company would find it harder to mitigate the tougher operating environment, UBS said.
UBS downgraded Singapore's public transport operator SMRT Corp Ltd to sell from neutral, citing a squeeze on profitability and cut its target price to S$1.41 from S$1.70. The government's push for higher spending on rail means structurally lower margins for SMRT, and with all of its revenue from Singapore, the company would find it harder to mitigate the tougher operating environment, UBS said.
STOCKS NEWS ASEAN-CIMB Singapore's UOB to outperform
's United Overseas Bank Ltd to outperform from neutral, citing the stock's minor underperformance after fourth-quarter results.
's United Overseas Bank Ltd to outperform from neutral, citing the stock's minor underperformance after fourth-quarter results.
STOCKS NEWS ASEAN-CIMB upgrades Singapore's UOB to outperform
's United Overseas Bank Ltd to outperform from neutral, citing the stock's minor underperformance after fourth-quarter results.
's United Overseas Bank Ltd to outperform from neutral, citing the stock's minor underperformance after fourth-quarter results.
STOCKS NEWS ASEAN-Yamada Green up, UOB eyes earnings jump
-listed Chinese mushroom grower, Yamada Green Resources Ltd, rose as much as 7.3 percent after UOB Kay Hian forecast its earnings to surge by 50 percent this year.
-listed Chinese mushroom grower, Yamada Green Resources Ltd, rose as much as 7.3 percent after UOB Kay Hian forecast its earnings to surge by 50 percent this year.
STOCKS NEWS ASEAN-OCBC starts Fortune REIT with buy rating
-listed Fortune Real Estate Investment Trust with a target price of HK$4.88 ($0.63).
-listed Fortune Real Estate Investment Trust with a target price of HK$4.88 ($0.63).
STOCKS NEWS ASEAN-SGX up on launch of trading hubs
rose as much as 3.2 percent after the bourse operator outlined moves to open trading hubs in Chicago and London.
rose as much as 3.2 percent after the bourse operator outlined moves to open trading hubs in Chicago and London.
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