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StarHub (HOLD; Target Price: S$4.25)

We estimate revenue CAGR of only 1.9 per cent over 2013-15. Broadband

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ECS Holdings (BUY; Target Price: S$0.56)

We met up with the management of ECS Holdings following its

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Keppel REIT (BUY; Target Price: S$1.66)

The restructuring of Keppel Group’s holdings and its subsequent stake reduction

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City Developments Limited (SELL; Target Price: S$8.85)

Excluding one-off gains, CDL’s 2Q13 core PATMI of S$73.9 million

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Fortune REIT (HOLD; Target Price: HK$6.95)

FRT has entered into a non-binding MOU regarding the acquisition of

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First REIT (HOLD; Target Price: S$1.20)

First REIT (FREIT) reported its 2Q13 results which were within our

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Courts Asia (OVERWEIGHT; Target Price: S$1.32)

Courts recorded weaker-than-anticipated 4Q YoY revenue growth of 3 per cent

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CapitaMall Trust (BUY; Target Price: S$2.32)

CapitaMall Trust (CMT) has been a clear laggard within the S-REITs

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Ascott Residence Trust (BUY; Target Price: S$1.53)

Ascott Residence Trust (Ascott REIT) recently completed a private placement

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Biosensors International Group (BUY; Target Price: S$1.63)

Biosensors International Group (BIG) reported a disappointing set of 3QFY13

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SingTel (SELL; Target Price: S$3.03)

SingTel is also likely to report a YoY decline in net profit

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Etika International (OUTPERFORM; Target Price: S$0.25)

4QFY12 PATMI of RM6.6 million grew stronger than expected by 39.5