In today’s article, we have picked CapitaLand Investment Limited (SG:9CI) and DBS Group Holdings (SG:D05) from the Singapore market. Analysts have assigned a Strong Buy rating to CapitaLand Investment, while DBS holds a Moderate Buy rating.
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The cherry on top comes in the form of dividends, providing investors with not only capital appreciation but also a respectable income stream from both companies.
Let’s take a look at these stocks in detail.
CapitaLand Investment Limited
CapitaLand operates as a real estate investment manager, managing a diverse portfolio of assets in Singapore, India, and China. The last year was quite dull for the company’s share price with a loss of almost 10%.
Analysts are bullish on the stock as they see positive growth in multiple areas considering its asset base and recurring income streams. The rebound in air travel and tourism act as a tailwind for the company’s lodging business segment. The company is also eyeing divestments worth S$3 billion in 2023 to optimize its capital portfolio and unlock more returns for its shareholders.
28 days ago, analyst Darren Chan from Phillip Securities confirmed his Buy rating on the stock at a price target of S$4.12. This implies a growth of 24% in the share price.
What is the Stock Price Forecast for 9CI?
On TipRanks, 9CI stock has a Strong Buy rating backed by all five Buy recommendations. The average price forecast is S$4.29, which is 29% higher than the current trading levels.
DBS Group Holdings Limited
DBS Group is a banking and financial services company with a strong presence in Asia in around 20 markets.
In its first quarter results for 2023, the group posted record numbers driven by higher deposits and its net interest margin. The group’s net profit increased by 43% to S$2.57 billion, surpassing the analysts’ estimates. Most recently, the company revealed on its investor day presentation that it anticipated its earnings to reach S$10 billion in the next three to five years. It also expects its ROE to be between 15%-17%. On the flip side, it also feels that the interest rate margins could now decline as they have already reached their peak levels.
18 days ago, Phillip Securities’ analyst Glenn Thum reiterated his Buy rating on the stock, suggesting growth of 35% in the share price.
Prior to that, 20 days ago, Weldon Sng from HSBC upgraded his rating from Hold to Buy with a growth prediction of 16.4% in the share price.
DBS Share Price Target
According to TipRanks analyst consensus, D05 stock has a Moderate Buy rating based on six Buy and two Sell recommendations.
The average price target is S$36.8, which shows an upside potential of 19% in the share price.
Conclusion
Analysts are bullish on both CapitaLand Investment and DBS Group and recommend buying the stocks.
