Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Analysts upgrade DBS following strong first-quarter results.           </li>
<li>Maybank's Hussaini Saifee rates Olam 'buy' with a target price of $1.60.</li>
<li>CGSI's William Tng raises Venture Corp target to $21.78.</li>
</ul>


Analysts upgrade DBS following strong first-quarter results.           
Maybank's Hussaini Saifee rates Olam 'buy' with a target price of $1.60.
CGSI's William Tng raises Venture Corp target to $21.78.


Singapore Market Roundup (04-May-2026): Analysts raise DBS rating after strong Q1 results.

<ul><li>RHB and PhillipCapital maintain 'buy' rating on Elite UK REIT after 1QFY2026 updates.</li><li>Tng of CGSI boosts ISDN's target price to 96 cents due to strong industrial automation.</li><li>UOBKH's Koh maintains 'buy' and $1.16 target on UI Boustead REIT after Japan project.</li></ul>

RHB and PhillipCapital maintain 'buy' rating on Elite UK REIT after 1QFY2026 updates.Tng of CGSI boosts ISDN's target price to 96 cents due to strong industrial automation.UOBKH's Koh maintains 'buy' and $1.16 target on UI Boustead REIT after Japan project.

Singapore Market Roundup (28-Apr-2026): RHB and PhillipCapital keep 'buy' on Elite UK REIT post

<ul><li>OCBC's Lim keeps 'buy' on CLAS, but reduces fair value to 95 cents.</li><li>CGS's Tng doubles AEM's target price to $10.15, citing multi-year earnings growth.</li><li>JP Morgan, DBS, and RHB favor Suntec REIT; Morgan Stanley targets $1.10.</li></ul>

OCBC's Lim keeps 'buy' on CLAS, but reduces fair value to 95 cents.CGS's Tng doubles AEM's target price to $10.15, citing multi-year earnings growth.JP Morgan, DBS, and RHB favor Suntec REIT; Morgan Stanley targets $1.10.

Singapore Market Roundup (27-Apr-2026): OCBC's Lim maintains 'buy' on CLAS, lowers fair value to

<ul><li>AEM rises for second day; DBS raises target to $3.30, Maybank upgrades to 'buy'.</li><li>Brokers' Digest: Marco Polo, iFAST, UHREIT, Addvalue, SGX, BRC Asia, SIA Eng, ISOTeam, Starhub</li><li>Analysts maintain 'neutral' stance on Sembcorp post FY2025 results.</li></ul>

AEM rises for second day; DBS raises target to $3.30, Maybank upgrades to 'buy'.Brokers' Digest: Marco Polo, iFAST, UHREIT, Addvalue, SGX, BRC Asia, SIA Eng, ISOTeam, StarhubAnalysts maintain 'neutral' stance on Sembcorp post FY2025 results.

Singapore Market Roundup (27-Feb-2026): AEM up 2nd day; DBS targets $3.30, Maybank upgrades to

Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>The 2025 vintage of "5 High Conviction Ideas" showed a positive return for all five picks.</li>
<li>Our best performer was <a href="https://www.smartkarma.com/entities/arras-minerals-corp-0103ceb3-3087-43a7-8e88-cf54392e4429" target="_blank" data-smartkarma-citation="entities:41542:1" rel="noopener">Arras Minerals (ARK CN)</a>, which was up +150%, closely followed by <a href="https://www.smartkarma.com/entities/solaris-resources-inc" target="_blank" data-smartkarma-citation="entities:40176:1" rel="noopener">Solaris Resources (SLS CN)</a>, which gained 139% for the year. </li>
<li>Our 2025 vintage was heavily copper-focused, our 2026 new favorite list is more diverse across sectors and regions.</li>
</ul>


The 2025 vintage of "5 High Conviction Ideas" showed a positive return for all five picks.
Our best performer was Arras Minerals (ARK CN), which was up +150%, closely followed by Solaris Resources (SLS CN), which gained 139% for the year. 
Our 2025 vintage was heavily copper-focused, our 2026 new favorite list is more diverse across sectors and regions.


Overview of My Winners and Losers in 2025...and 5 High Conviction Ideas Going Into 2026

Singapore

AEM is a global leader in providing customized, application-specific test and handling solutions for the semiconductor and electronics industries. The company's offerings, including handlers and test inserts, are crucial for ensuring the quality and reliability of advanced chips used in AI and high-performance computing. AEM was established in 1990 and is headquartered in Singapore.

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AEM (AEM SP)

Singapore Market Roundup (04-May-2026): Analysts raise DBS rating after strong Q1 results.

Analysts upgrade DBS after strong Q1 results; Maybank's Hussaini Saifee rates Olam 'buy' at $1.60; CGSI's William Tng raises Venture Corp target to...

Singapore Market Roundup

Singapore Market Roundup (28-Apr-2026): RHB and PhillipCapital keep 'buy' on Elite UK REIT post

RHB and PhillipCapital keep 'buy' on Elite UK REIT; ISDN's target rises to 96 cents; UOBKH's Koh maintains 'buy' on UI Boustead REIT at $1.16 after...

Singapore Market Roundup

Singapore Market Roundup (27-Apr-2026): OCBC's Lim maintains 'buy' on CLAS, lowers fair value to

OCBC maintains 'buy' on CLAS, lowering fair value to 95 cents. CGS raises AEM's target to $10.15. JP Morgan, DBS, and RHB favor Suntec REIT; Morgan...

Singapore Market Roundup

Singapore Market Roundup (27-Feb-2026): AEM up 2nd day; DBS targets $3.30, Maybank upgrades to

AEM gains for a second day; DBS raises target to $3.30, Maybank upgrades to 'buy'. Analysts keep 'neutral' stance on Sembcorp after FY2025 results.

Singapore Market Roundup

Overview of My Winners and Losers in 2025...and 5 High Conviction Ideas Going Into 2026

The 2025 "5 High Conviction Ideas" vintage had positive returns, with Arras Minerals and Solaris Resources leading the way. The 2026 list is more...

Nicolas Van Broekhoven

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (04-May-2026): Analysts raise DBS rating after strong Q1 results.

Analysts upgrade DBS after strong Q1 results; Maybank's Hussaini Saifee rates Olam 'buy' at $1.60; CGSI's William Tng raises Venture Corp target to...

Singapore Market Roundup

Singapore Market Roundup (28-Apr-2026): RHB and PhillipCapital keep 'buy' on Elite UK REIT post

RHB and PhillipCapital keep 'buy' on Elite UK REIT; ISDN's target rises to 96 cents; UOBKH's Koh maintains 'buy' on UI Boustead REIT at $1.16 after...

Singapore Market Roundup

Singapore Market Roundup (27-Apr-2026): OCBC's Lim maintains 'buy' on CLAS, lowers fair value to

OCBC maintains 'buy' on CLAS, lowering fair value to 95 cents. CGS raises AEM's target to $10.15. JP Morgan, DBS, and RHB favor Suntec REIT; Morgan...

Singapore Market Roundup

Singapore Market Roundup (27-Feb-2026): AEM up 2nd day; DBS targets $3.30, Maybank upgrades to

AEM gains for a second day; DBS raises target to $3.30, Maybank upgrades to 'buy'. Analysts keep 'neutral' stance on Sembcorp after FY2025 results.

Singapore Market Roundup

Overview of My Winners and Losers in 2025...and 5 High Conviction Ideas Going Into 2026

​The 2025 "5 High Conviction Ideas" vintage had positive returns, with Arras Minerals and Solaris Resources leading the way. The 2026 list is more...

Nicolas Van Broekhoven

The 2025 "5 High Conviction Ideas" vintage had positive returns, with Arras Minerals and Solaris Resources leading the way. The 2026 list is more...