Brokers' Take

FCT units hit their highest level since August on Oct 23; brokerages stay positive despite near-term headwinds

The reduction reflects a lack of near-term catalysts for tourism and limited clarity on earnings recovery

The brokerage sees recent weakness in the bank’s Hong Kong-listed shares as an attractive buying opportunity

RHB cuts target price for the Reit to S$0.90; OCBC trims to S$0.95

Listing the fintech arm can have upside but ‘real’ hurdles persist, says research house

It notes that JMH has broader exposure to group’s revamp, more potential for valuation rerating

DBS also previously downgraded the stock to ‘hold’ on Oct 13 and cut its target price to S$20

Still, the lending environment remains ‘favourable’; calls on OCBC and UOB are mixed

Easing growth momentum in equities and derivatives has left the stock’s valuation looking ‘lofty’