Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>CGSI raises Food Empire target price to $4, expecting more growth.</li><li>OCBC upgrades and CGSI stays bullish on SIA Engineering after 9MFY2026 update.</li><li>UOBKH initiates 'buy' on Huationg Global with a target price of $1.15.</li></ul>

CGSI raises Food Empire target price to $4, expecting more growth.OCBC upgrades and CGSI stays bullish on SIA Engineering after 9MFY2026 update.UOBKH initiates 'buy' on Huationg Global with a target price of $1.15.

Singapore Market Roundup (20-Feb-2026): CGSI raises Food Empire target to $4 for expected growth.

<ul>
<li>CGS International keeps ‘add’ call for Seatrium at $2.67 TP after Maersk resolution.</li>
<li>Kelvin Chow increases his stake in Addvalue Technologies by 500,000 shares.</li>
<li>Addvalue Tech CEO and chair convert loan notes and warrants into shares.</li>
</ul>


CGS International keeps ‘add’ call for Seatrium at $2.67 TP after Maersk resolution.
Kelvin Chow increases his stake in Addvalue Technologies by 500,000 shares.
Addvalue Tech CEO and chair convert loan notes and warrants into shares.


Singapore Market Roundup (25-Dec-2025): CGS maintains Seatrium 'add' call at $2.67 TP post-Maersk.

<ul><li>CGS International keeps 'add' call for Seatrium at $2.67 TP after Maersk resolution.</li><li>Kelvin Chow from Addvalue Technologies boosts stake by 500,000 shares.</li><li>Addvalue Tech CEO and chair convert loan notes and warrants into shares.</li></ul>

CGS International keeps 'add' call for Seatrium at $2.67 TP after Maersk resolution.Kelvin Chow from Addvalue Technologies boosts stake by 500,000 shares.Addvalue Tech CEO and chair convert loan notes and warrants into shares.

Singapore Market Roundup (24-Dec-2025): CGS maintains 'add' call for Seatrium at $2.67 TP

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

<ul><li>Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the Artificial Intelligence (AI) sector, both directly and indirectly.</li><li>On direct exposure, we identify companies listed on the SGX – mainly in the upstream (including data centres) and midstream segments - which are, to a large or some extent, involved in AI. Downstream AI companies are predominately end-users and applications.</li><li>As a rough guide, the market capitalization of these companies totals around SGD21.3bn, accounting for a relatively small share of about 2.7% of the aggregated capitalization of SGD773bn of the FTSE Straits Times All Share Index (which comprises the top 98% of companies in the SGX Mainboard universe).</li></ul>

Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the Artificial Intelligence (AI) sector, both directly and indirectly.On direct exposure, we identify companies listed on the SGX – mainly in the upstream (including data centres) and midstream segments - which are, to a large or some extent, involved in AI. Downstream AI companies are predominately end-users and applications.As a rough guide, the market capitalization of these companies totals around SGD21.3bn, accounting for a relatively small share of about 2.7% of the aggregated capitalization of SGD773bn of the FTSE Straits Times All Share Index (which comprises the top 98% of companies in the SGX Mainboard universe).

Invest, Trade and Save in Singapore, Syfe

Syfe

Invest, Trade and Save in Singapore

Syfe is an investment platform offering Managed Portfolios, Brokerage services, and Cash Management solutions to help people build wealth for a better future.

<ul><li>Singapore has emerged as a significant global AI hub, securing third place in the 2024 Global AI Index by Tortoise Media, trailing behind only the US and China.</li><li>More remarkably, when measured by AI intensity relative to population and economy sizes, Singapore outperforms even these superpowers, demonstrating exceptional efficiency in leveraging its resources for AI development.</li><li>The nation's digital economy, including AI, contributed 17.7% of GDP in 2023, with significant growth potential ahead.</li></ul>

Singapore has emerged as a significant global AI hub, securing third place in the 2024 Global AI Index by Tortoise Media, trailing behind only the US and China.More remarkably, when measured by AI intensity relative to population and economy sizes, Singapore outperforms even these superpowers, demonstrating exceptional efficiency in leveraging its resources for AI development.The nation's digital economy, including AI, contributed 17.7% of GDP in 2023, with significant growth potential ahead.

Singapore In The Global AI Arms Race: A Regional and Global AI Leader

Singapore

Manufactures satellite communication products

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Addvalue Technologies (ADDV SP)

Singapore Market Roundup (20-Feb-2026): CGSI raises Food Empire target to $4 for expected growth.

CGSI raises Food Empire target to $4, OCBC upgrades SIA Engineering, and UOBKH initiates 'buy' on Huationg Global with a target of $1.15.

Singapore Market Roundup

Singapore Market Roundup (25-Dec-2025): CGS maintains Seatrium 'add' call at $2.67 TP post-Maersk.

CGS International maintains Seatrium's 'add' call at $2.67 TP post-Maersk resolution. Kelvin Chow boosts Addvalue Technologies stake by 500,000...

Singapore Market Roundup

Singapore Market Roundup (24-Dec-2025): CGS maintains 'add' call for Seatrium at $2.67 TP

CGS International maintains 'add' call for Seatrium at $2.67 TP post-Maersk resolution. Addvalue Tech's Kelvin Chow increases stake by 500,000 shares.

Singapore Market Roundup

Singapore Equity Strategy: November 2025

Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the...

Wealth Management Alliance

Singapore In The Global AI Arms Race: A Regional and Global AI Leader

Singapore has emerged as a significant global AI hub, securing third place in the 2024 Global AI Index by Tortoise Media, trailing behind only the...

Syfe

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