Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Addvalue's share buybacks signal optimism, says Maybank on 're-boarding' chance.</li>
<li>DBS: ComfortDelGro's recent bus package loss is 'immaterial' to earnings.</li>
<li>RHB maintains 'buy' rating for Marco Polo Marine with a 21 cents target.</li>
</ul>


Addvalue's share buybacks signal optimism, says Maybank on 're-boarding' chance.
DBS: ComfortDelGro's recent bus package loss is 'immaterial' to earnings.
RHB maintains 'buy' rating for Marco Polo Marine with a 21 cents target.


Singapore Market Roundup (17-Jul-2026): Maybank sees optimism in Addvalue's share buybacks.

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>At a gold price of USD 4,200/oz, miners are generating cash flow well in excess of sustaining capital and operating requirements, supporting balance sheet deleveraging and shareholder returns.</li>
<li>Following our prior insight, <a href="https://www.smartkarma.com/insights/gold-equities-a-detailed-look-at-the-capital-allocation-plans-of-our-universe-barrick-gold-b-us" target="_blank" data-smartkarma-citation="insights:273679" rel="noopener">Gold Equities: A Detailed Look At The Capital Allocation Plans Of Our Universe - Barrick Gold (B US)</a>, we follow up on <a href="https://www.smartkarma.com/entities/newmont-mining-corp" target="_blank" data-smartkarma-citation="entities:14503:1" rel="noopener">Newmont Mining (NEM US)</a>  </li>
<li>We like <a href="https://www.smartkarma.com/entities/oceanagold-philippines-inc" target="_blank" data-smartkarma-citation="entities:40897:1" rel="noopener">OceanaGold Philippines (OGP PM)</a> for its 11% dividend yield. For the large caps, <a href="https://www.smartkarma.com/entities/newmont-mining-corp" target="_blank" data-smartkarma-citation="entities:14503:1" rel="noopener">Newmont Mining (NEM US)</a> and <a href="https://www.smartkarma.com/entities/barrick-mining-corporation" target="_blank" data-smartkarma-citation="entities:21023:1" rel="noopener">Barrick Mining (B US)</a>  have impressive capital return programs.</li>
</ul>


At a gold price of USD 4,200/oz, miners are generating cash flow well in excess of sustaining capital and operating requirements, supporting balance sheet deleveraging and shareholder returns.
Following our prior insight, Gold Equities: A Detailed Look At The Capital Allocation Plans Of Our Universe - Barrick Gold (B US), we follow up on Newmont Mining (NEM US)  
We like OceanaGold Philippines (OGP PM) for its 11% dividend yield. For the large caps, Newmont Mining (NEM US) and Barrick Mining (B US)  have impressive capital return programs.


Gold Equities: A Detailed Look At The Capital Allocation Plans Of Our Universe - Newmont (NEM US)

<ul><li>CGS International upgrades Sheng Siong to 'buy' due to improved economies of scale.</li><li>Analysts raise target prices for Venture Corporation as recovery approaches.</li><li>Sheng Siong anticipates another strong year ahead.</li></ul>

CGS International upgrades Sheng Siong to 'buy' due to improved economies of scale.Analysts raise target prices for Venture Corporation as recovery approaches.Sheng Siong anticipates another strong year ahead.

Singapore Market Roundup (04-Mar-2026): CGS upgrades Sheng Siong to 'buy' for better economies of

<ul>
<li>Sheng Siong anticipates another strong year ahead.                      </li>
<li>Maybank keeps 'buy' on UMS, raising target price to $1.88. Super ramp arrives.</li>
<li>PhillipCapital raises CNMC's target price to $2.34.</li>
</ul>


Sheng Siong anticipates another strong year ahead.                      
Maybank keeps 'buy' on UMS, raising target price to $1.88. Super ramp arrives.
PhillipCapital raises CNMC's target price to $2.34.


Singapore Market Roundup (03-Mar-2026): Sheng Siong expects another strong year ahead.

<ul><li>Investors question whether Singapore banks are overvalued.</li><li>Info-Tech Systems has strong potential for re-rating after post-IPO decline, CGSI says.</li><li>CGS International starts coverage on Centurion REIT, noting hidden value and growth potential.</li></ul>

Investors question whether Singapore banks are overvalued.Info-Tech Systems has strong potential for re-rating after post-IPO decline, CGSI says.CGS International starts coverage on Centurion REIT, noting hidden value and growth potential.

Singapore Market Roundup (22-Jan-2026): Investors doubt the valuation of Singapore banks.

Singapore

CNMC Goldmine Holdings Limited is a Singapore-based company primarily engaged in the exploration, mining, and processing of gold ore into gold doré bars. The company also explores for silver, lead, and zinc deposits, with its flagship project being the Sokor Gold Field in Kelantan, Malaysia. CNMC Goldmine was founded in 2006 and is headquartered in Singapore.

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CNMC Goldmine (CNMC SP)

Gold Equities: A Detailed Look At The Capital Allocation Plans Of Our Universe - Newmont (NEM US)

Newmont now returns ~75% of free cash flow: a fixed $1.1bn dividend plus formula buybacks ($7.7bn done, $4.3bn left), with $3.4bn net cash. Gold...

Sameer Taneja

Singapore Market Roundup (04-Mar-2026): CGS upgrades Sheng Siong to 'buy' for better economies of

CGS International upgrades Sheng Siong to 'buy' for better economies of scale, while analysts raise Venture Corporation's target prices as recovery...

Singapore Market Roundup

Singapore Market Roundup (03-Mar-2026): Sheng Siong expects another strong year ahead.

Sheng Siong expects a strong year; Maybank maintains 'buy' on UMS, raising target to $1.88; PhillipCapital raises CNMC's target to $2.34.

Singapore Market Roundup

Singapore Market Roundup (22-Jan-2026): Investors doubt the valuation of Singapore banks.

Investors doubt Singapore banks' valuations. Info-Tech Systems may see re-rating post-IPO decline, while CGS International highlights Centurion...

Singapore Market Roundup

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Dividend (Yield)

Singapore Market Roundup (17-Jul-2026): Maybank sees optimism in Addvalue's share buybacks.

Maybank sees optimism in Addvalue's share buybacks. DBS notes ComfortDelGro's bus loss is 'immaterial' to earnings. Broker's Digest covers various...

Singapore Market Roundup

Gold Equities: A Detailed Look At The Capital Allocation Plans Of Our Universe - Newmont (NEM US)

Newmont now returns ~75% of free cash flow: a fixed $1.1bn dividend plus formula buybacks ($7.7bn done, $4.3bn left), with $3.4bn net cash. Gold...

Sameer Taneja

Singapore Market Roundup (04-Mar-2026): CGS upgrades Sheng Siong to 'buy' for better economies of

CGS International upgrades Sheng Siong to 'buy' for better economies of scale, while analysts raise Venture Corporation's target prices as recovery...

Singapore Market Roundup

Singapore Market Roundup (03-Mar-2026): Sheng Siong expects another strong year ahead.

Sheng Siong expects a strong year; Maybank maintains 'buy' on UMS, raising target to $1.88; PhillipCapital raises CNMC's target to $2.34.

Singapore Market Roundup

Singapore Market Roundup (22-Jan-2026): Investors doubt the valuation of Singapore banks.

Investors doubt Singapore banks' valuations. Info-Tech Systems may see re-rating post-IPO decline, while CGS International highlights Centurion...

Singapore Market Roundup