Chong Lee Len ...
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Llelleythan Tan Tan

Singapore Daily - Friday, May 08, 2020


Initiate Coverage
Riverstone Holdings (RSTON SP/BUY/S$1.21/Target:S$1.46): Beneficiary of industry tailwinds from COVID-19.

StarHub (STH SP/HOLD/S$1.49/Target: S$1.40): 1Q20: Earnings in line but we expect a weaker 2Q20 outlook; we cut our FY20F EPS by 15%.
United Overseas Bank (UOB SP/NOT RATED/S$19.88): 1Q20: Beats expectations.

Small/Mid Cap Highlights
Sunningdale Tech (SUNN SP/HOLD/S$0.98/Target: S$1.02): 1Q20: Results below expectations; cautious outlook due to COVID-19.

Koufu Group (KOUFU SP): Trading Buy
Keppel Corp (KEP SP): Trading Buy
Riverstone Holdings Ltd

StarHub Ltd.

StarHub is a fully-integrated info-communication company based in Singapore. Co. offers a full range of information, communications and entertainment services for both consumer and corporate markets. Co. operates a two-way 3.5G mobile network that delivers up to 14.4 Mbps for downlink (with HSPA+ coming soon) to complement its nation-wide GSM network, and an island-wide HFC network that delivers multi-channel cable TV services (including High Definition Television and on-demand services) as well as ultra-high speed residential broadband services. Co. also operates an extensive fixed business network that provides a wide range of data, voice and wholesale services.

Sunningdale Tech Ltd

United Overseas Bank Ltd.

United Overseas Bank is bank in Asia with a network of offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Co. provides a range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance. Co. operates within three main operating segments: Group Retail, Group Wholesale, and Global Markets and Investment Management. As of Dec 31 2014, Co. had total assets of S$306.74 billion.


Chong Lee Len

Jie Ying Chloe Tan

John Cheong Ming Chern

Jonathan Koh

Llelleythan Tan Tan

Other Reports on these Companies
Other Reports from UOB
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch