Business
RHB downgrades StarHub to ‘sell’, Citi to ‘neutral’ as profit slides; DBS reviews rating
StarHub’s net profit of S$38.5 million for its second half is a 50.9% year-on-year drop Analysts on Friday (Feb 13) downgraded StarHub…
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downgrades
Business
CGSI downgrades DBS to ‘hold’ on ‘muted’ Q4 performance forecast; S$60.50 target price unchanged
FY2026 could post a larger-than-expected drop in earnings due to downside risks, says CGSI CGS International (CGSI) has downgraded its…
Business
Moody’s downgrades Genting Bhd and two subsidiaries
Move reflects Malaysian giant’s “already-weak position” due to prolonged deleveraging amid slow earnings recovery, says ratings agency…
Business
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent…
Business
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
The move is in line with revisions to the rating agency’s credit assessment methodology for banks Credit rating agency Moody’s Ratings, on…
Unsorted
Beiersdorf Downgrades FY Guidance as Skin Care Market Decelerates
PARIS – Beiersdorf AG stock held steady Thursday hours after the German beauty giant downgraded its consumer business’ sales growth, due…
Business
Wilmar closes 1.4% down on corruption verdict; RHB downgrades stock to ‘sell’
The company’s earnings will be dented by the forfeiture of a security deposit seized by the authorities in relation to the case Shares of…
Business
Apple analyst sentiment hits five-year low after two downgrades
Apple was hit with a pair of downgrades on Thursday (Sep 11), in the latest sign of caution towards the iPhone maker, which has sharply…
Business
Standard & Poor’s Downgrades Saks Global
Standard & Poor’s, in a move that was largely expected, on Friday downgraded Saks Global. The ratings agency downgraded Saks Global to…
Business
CGSI downgrades UOB to ‘hold’ following softer loans growth expectation; near-term outlook ‘uncertain’
CGS International (CGSI) analysts Tay Wee Kuang and Lim Siew Khee on Friday (Aug 8) downgraded local bank UOB to a “hold” call from a…
Business
UOBKH downgrades SIA after Q1 earnings a ‘major miss’ against guided range; lowers TP to S$6.03
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on national carrier Singapore Airlines (SIA) to “sell”, with a reduced…
Business
S&P downgrades SingPost’s credit rating to ‘BBB-’ on downscaling, subdued operating conditions
S&P Global Ratings on Friday (Jul 25) downgraded its long-term issuer credit rating on Singapore Post (SingPost) to “BBB-” from “BBB”, as…
Business
CGSI downgrades Wilmar, lowers price target amid heightened regulatory risk from Indonesia
CGS International analyst Jacquelyn Yow downgraded Wilmar international from a “hold” to a “reduce” call in her Jul 18 report, with a…
Business
CGSI downgrades Grab to ‘hold’ with earnings growth expected to slow in H2
CGS International (CGSI) has downgraded its rating on Grab Holdings to “hold” from “add”, anticipating a slowdown in earnings growth in…
Business
DBS downgrades Genting Singapore shares, lowers target price, on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded shares of Genting Singapore to a hold rating, and also lowered its target price. This is as…
Business
UBS downgrades Thai stocks to neutral as political woes weigh
Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy…
Business
Maybank downgrades Thai retail sector on weak sales, consumption
Maybank Investment Bank has downgraded Thailand’s retail sector to “neutral” amid weak consumption and falling same store sales growth…
Business
S&P downgrades Warner Bros bonds deeper into junk status
S&P Global Ratings cut Warner Bros Discovery’s unsecured bond ratings deeper into junk status after the media company announced it was…
Business
Maybank downgrades Malaysia’s Tan Chong Motor to ‘sell’ amid widening losses, competition
Maybank Investment Bank has downgraded Malaysia’s Tan Chong Motor (TCM) to “sell”, from “hold” previously, amid widening losses, weak…
Business
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed…
Business
DBS downgrades Keppel Infrastructure Trust to ‘hold’, keeps Mapletree Logistics Trust at ‘buy’
Analysts from DBS Group Research are mixed on some real estate investment trusts (Reits) this earnings season: They have kept their “buy”…
Business
SGX falls 5.8% as initial MAS review group proposals dampen earlier optimism; Citi downgrades stock to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half results SHARES of Singapore Exchange (SGX) fell as…
Business
Maybank downgrades rating on Malaysia property to ‘neutral’ on JS-SEZ delay, lack of new drivers
MAYBANK Securities lowered its call on Malaysian property developers to “neutral” from “positive” for next year, given the absence of new…