Raises
Coca-Cola raises annual sales, profit forecasts on steady demand
COCA-COLA raised its annual organic sales and profit forecasts on Tuesday (Jul 23), signalling consumers are willing to spend more for the beverage giant’s higher-priced sodas, energy drinks and...
Brokers’ take: RHB expects UOB’s valuation to provide downside support; raises target to S$32
Efforts to build up the bank’s wholesale platform look to be ‘bearing fruit’, RHB notesRHB on Tuesday (Jul 23) raised its target price on UOB to S$32 from S$30.10...
Brokers’ take: Maybank raises Dyna-Mac target on higher earnings forecast
MAYBANK Securities raised its target price on Dyna-Mac, after the offshore oil and gas contractor said it expects a “significant improvement” in net profit for the first half of...
Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contractsRHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from...
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
The company now expects a profit of US$4.61 to US$4.71 per share for the full yearABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter...
US: Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes
WALL Street stock indexes closed firmer on Friday (Jul 5), with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as new data showing US labour market weakness...
Philips’ second-biggest investor raises stake after apnoea deal
This comes after Exor, its largest shareholder, increased shareholding in the company to 17.5% from 16.1%A SECOND major Philips investor raised its holding in the medical technology giant, two...
Brokers’ take: Maybank raises Singtel target on higher valuation in associate
MAYBANK Securities has lifted its target price on Singtel by 5 per cent to S$3.40 from S$3.24, after its associate, Bharti Airtel, said last week that it would raise...
