UOB KAYHIAN |
UOB KAYHIAN |
Venture Corporation (VMS SP)
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REITs – Singapore
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CGS CIMB |
CGS CIMB |
Reflecting 1H22F concerns ■ We think Covid-19 lockdowns in China in 1H22F led to a temporary spike in operating costs; we are also concerned about demand slowdown. ■ We lower our revenue and margin forecasts and raise our operating cost assumptions, leading to EPS downgrades. ■ Our TP falls to S$3.07 from S$3.50 previously, reflecting the EPS downgrades. |
OCBC
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MAYBANK KIM ENG | MAYBANK KIM ENG |
Malaysia Banking
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Aurelius Technologies (ATECH MK)
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