Sector Sweep - Singapore’s Maritime Sector Sees Stronger Earnings and Business Sentiment
Yangzijiang Shipbuilding achieved a 32.2% ROE, with a US$22.4 billion order book across 256 vessels. Nam Cheong recorded a 45.4% ROE, with 71%...
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ASL Marine: Initiation Research (22 September 2026)
We think ASL Marine is a differentiated play on the Asia Pacific marine infrastructure and offshore vessel markets with its vertically integrated...
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ASL Marine - FY26 Earnings Update - Chartering to Drive the Upside, Repair to Anchor Quality
We slightly lower our TP of ASL to S$0.38/share (vs. S$0.42 at initiation), implying around 31% upside to the current share price of S$0.29/share.
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Primer: ASL Marine (ASL SP) - Aug 2026
Deleveraging-Led Earnings Inflection: ASL Marine is in a significant turnaround phase, marked by a successful deleveraging strategy that has...
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Curator's Cut: Luxury Losing Lustre, Offshore Revived & Insurance's Two Sides
In this Curator's Cut, we survey luxury's retreat, revisit offshore services, and assess differing drivers in insurance from policy headwinds to...
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