Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>PhillipCapital and UOB Kay Hian raise target prices for BRC Asia post 1QFY2026 earnings.</li><li>Citi raises target prices for all three banks, favors Singapore banks over SGX.</li><li>RHB's Jaiswal raises SGX target price to $19 after EDQP and capital group boost.</li></ul>

PhillipCapital and UOB Kay Hian raise target prices for BRC Asia post 1QFY2026 earnings.Citi raises target prices for all three banks, favors Singapore banks over SGX.RHB's Jaiswal raises SGX target price to $19 after EDQP and capital group boost.

Singapore Market Roundup (17-Feb-2026): PhillipCapital and UOB Kay Hian boost BRC Asia target

<ul><li>PhillipCapital and UOB Kay Hian raise BRC Asia target prices after 1QFY2026 earnings.</li><li>Citi raises targets for all three banks, favors Singapore banks over SGX for EQDP.</li><li>RHB's Jaiswal raises SGX target price to $19 due to EDQP boost and capital workgroup.</li></ul>

PhillipCapital and UOB Kay Hian raise BRC Asia target prices after 1QFY2026 earnings.Citi raises targets for all three banks, favors Singapore banks over SGX for EQDP.RHB's Jaiswal raises SGX target price to $19 due to EDQP boost and capital workgroup.

Singapore Market Roundup (16-Feb-2026): BRC Asia target prices boosted by PhillipCapital and UOB

Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

<ul>
<li>The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.</li>
<li>Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.</li>
<li>The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.</li>
</ul>


The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.
Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.
The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.


The Global Footprint of the iEdge Singapore Next 50

<ul><li>Evolve Capital reports Old Chang Kee needs fresh growth catalysts.</li><li>Analysts raise TPs for ASL Marine after strong 1QFY2026 earnings.</li><li>DBS: Singapore's construction boom will offset trade-related GDP slowdown in 2026.</li></ul>

Evolve Capital reports Old Chang Kee needs fresh growth catalysts.Analysts raise TPs for ASL Marine after strong 1QFY2026 earnings.DBS: Singapore's construction boom will offset trade-related GDP slowdown in 2026.

Singapore Market Roundup (02-Dec-2025): Evolve Capital: Old Chang Kee requires new growth drivers.

<ul><li>DBS calls Bukit Sembawang a potential dividend powerhouse in un-rated report.</li><li>Chong of PhillipCapital upgrades BRC Asia to 'buy' with a $5.10 target price.</li><li>RHB's Yeo maintains 'neutral' on ISOTeam pending new orders.</li></ul>

DBS calls Bukit Sembawang a potential dividend powerhouse in un-rated report.Chong of PhillipCapital upgrades BRC Asia to 'buy' with a $5.10 target price.RHB's Yeo maintains 'neutral' on ISOTeam pending new orders.

Singapore Market Roundup (01-Dec-2025): DBS sees Bukit Sembawang as a potential dividend

Singapore

BRC Asia is a leading Pan-Asia prefabricated reinforcing steel solutions provider. The company offers a full suite of reinforcing steel products and services, including standard length rebar, cut and bend services, prefabrication services, and standard and customized welded wire mesh for the building and construction industry. BRC Asia is headquartered in Singapore and was incorporated in 1938.

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BRC Asia (BRC SP)

Singapore Market Roundup (17-Feb-2026): PhillipCapital and UOB Kay Hian boost BRC Asia target

PhillipCapital and UOB Kay Hian raise BRC Asia's target price post-1QFY2026 earnings; Citi boosts all banks' targets, favoring Singapore banks over...

Singapore Market Roundup

Singapore Market Roundup (16-Feb-2026): BRC Asia target prices boosted by PhillipCapital and UOB

PhillipCapital and UOB Kay Hian increase BRC Asia target prices post 1QFY2026 earnings. Citi favors Singapore banks; RHB raises SGX target to $19...

Singapore Market Roundup

The Global Footprint of the iEdge Singapore Next 50

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

Singapore Market Roundup (02-Dec-2025): Evolve Capital: Old Chang Kee requires new growth drivers.

Evolve Capital highlights Old Chang Kee's need for growth. Analysts boost ASL Marine's TPs after strong 1QFY2026, while DBS sees construction...

Singapore Market Roundup

Singapore Market Roundup (01-Dec-2025): DBS sees Bukit Sembawang as a potential dividend

DBS sees Bukit Sembawang as a potential dividend powerhouse. PhillipCapital upgrades BRC Asia to 'buy' at $5.10; RHB’s Yeo keeps ISOTeam at...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (17-Feb-2026): PhillipCapital and UOB Kay Hian boost BRC Asia target

PhillipCapital and UOB Kay Hian raise BRC Asia's target price post-1QFY2026 earnings; Citi boosts all banks' targets, favoring Singapore banks over...

Singapore Market Roundup

Singapore Market Roundup (16-Feb-2026): BRC Asia target prices boosted by PhillipCapital and UOB

PhillipCapital and UOB Kay Hian increase BRC Asia target prices post 1QFY2026 earnings. Citi favors Singapore banks; RHB raises SGX target to $19...

Singapore Market Roundup

The Global Footprint of the iEdge Singapore Next 50

​The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

Singapore Market Roundup (02-Dec-2025): Evolve Capital: Old Chang Kee requires new growth drivers.

Evolve Capital highlights Old Chang Kee's need for growth. Analysts boost ASL Marine's TPs after strong 1QFY2026, while DBS sees construction...

Singapore Market Roundup

Singapore Market Roundup (01-Dec-2025): DBS sees Bukit Sembawang as a potential dividend

DBS sees Bukit Sembawang as a potential dividend powerhouse. PhillipCapital upgrades BRC Asia to 'buy' at $5.10; RHB’s Yeo keeps ISOTeam at...

Singapore Market Roundup

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...