UOB Kay Hian (UOBKH) has released its latest regional market updates, focusing on key sectors in Singapore, Malaysia, and Thailand. The report, dated 4 April 2025, provides insights into the plantation, construction, real estate investment trusts (REITs), banking, and property sectors across these countries.
Singapore’s REITs sector is reportedly starting to regain lost ground, whilst ComfortDelGro Corporation is facing increased competition with the entry of new players. UOBKH maintains a “Buy” rating for ComfortDelGro, with a target price of S$1.76.
In Malaysia, the plantation sector is expected to experience limited direct impact from the US’ reciprocal trade tariffs, as US imports constitute a minor portion of Malaysia’s palm oil exports. UOBKH maintains a “Market Weight” rating for the sector. Meanwhile, Sunway Construction continues to demonstrate robust earnings growth and strong orderbook replenishments, with UOBKH reiterating a “Buy” recommendation and a target price of RM5.05.
In Thailand, the banking sector’s earnings sensitivity is being closely monitored based on financial target guidance. The property sector, however, has been downgraded to “Underweight” following an earthquake that has shaken investor confidence.
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