Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Centurion expects significant growth in FY2029 from two new PBWA sites.</li>
<li>Lim &amp; Tan keeps 52-cent TP on Lum Chang Creations, cuts FY2027 revenue and profit forecasts.</li>
<li>CGS International raises Q&amp;M Dental's target price to 76 cents via acquisitions.</li>
</ul>


Centurion expects significant growth in FY2029 from two new PBWA sites.
Lim &amp; Tan keeps 52-cent TP on Lum Chang Creations, cuts FY2027 revenue and profit forecasts.
CGS International raises Q&amp;M Dental's target price to 76 cents via acquisitions.


Singapore Market Roundup (04-Sep-2026): Centurion anticipates major growth in FY2029 from new

<ul><li>DBS's Foo raises GuocoLand target price to $3.40 after strong FY2026 earnings.</li><li>UOBKH sees CDL, YZJ, and MPACT as STI laggards to watch for recovery.</li><li>Citi suggests UOL may sell assets to finance Marina Square redevelopment.</li></ul>

DBS's Foo raises GuocoLand target price to $3.40 after strong FY2026 earnings.UOBKH sees CDL, YZJ, and MPACT as STI laggards to watch for recovery.Citi suggests UOL may sell assets to finance Marina Square redevelopment.

Singapore Market Roundup (02-Sep-2026): DBS's Foo boosts GuocoLand target price to $3.40

<ul><li>UOB Kay Hian downgrades DBS to 'hold' and keeps 'buy' rating on OCBC.</li><li>UOBKH's Tang cuts Huationg's target price to 88 cents due to rising fuel costs.</li><li>RHB's Yeo keeps Nam Cheong rating at 'buy' with a $2.05 target price.</li></ul>

UOB Kay Hian downgrades DBS to 'hold' and keeps 'buy' rating on OCBC.UOBKH's Tang cuts Huationg's target price to 88 cents due to rising fuel costs.RHB's Yeo keeps Nam Cheong rating at 'buy' with a $2.05 target price.

Singapore Market Roundup (26-Aug-2026): UOB Kay Hian downgrades DBS to 'hold', maintains 'buy' on

<ul><li>RHB's Yeo keeps positive view on Food Empire, lowers target price to $3.08.</li><li>PhillipCapital maintains 'buy' rating for CNMC Goldmine at reduced valuation.</li><li>ComfortDelGro's target price cut to $1.21 by PhillipCapital's Chew due to taxi decline.</li></ul>

RHB's Yeo keeps positive view on Food Empire, lowers target price to $3.08.PhillipCapital maintains 'buy' rating for CNMC Goldmine at reduced valuation.ComfortDelGro's target price cut to $1.21 by PhillipCapital's Chew due to taxi decline.

Singapore Market Roundup (24-Aug-2026): RHB's Yeo lowers Food Empire target price to $3.08,

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, at all remaining regions, including Asia linked ADRs</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources.</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, at all remaining regions, including Asia linked ADRs
This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


Aequitas 2026 Asia IPO Pipeline - ASEAN, Australia, ADR

Singapore

DBS Group Holdings Ltd is a leading financial services group in Asia, providing a comprehensive range of commercial banking and financial services. It offers retail, SME, corporate, and investment banking, including accounts, loans, cards, payments, investments, and insurance products. The company is headquartered in Singapore and was founded in 1968.

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DBS Group (DBSDY US)

Singapore Market Roundup (04-Sep-2026): Centurion anticipates major growth in FY2029 from new

Centurion anticipates growth in FY2029 from new PBWA sites. Lim & Tan maintains 52-cent TP for Lum Chang, lowering FY2027 forecasts. CGS raises Q&M...

Singapore Market Roundup

Singapore Market Roundup (02-Sep-2026): DBS's Foo boosts GuocoLand target price to $3.40

DBS raises GuocoLand's target price to $3.40 post-FY2026 earnings. UOBKH identifies CDL, YZJ, and MPACT as STI laggards. Citi hints UOL may sell...

Singapore Market Roundup

Singapore Market Roundup (26-Aug-2026): UOB Kay Hian downgrades DBS to 'hold', maintains 'buy' on

UOB Kay Hian downgrades DBS to 'hold', maintains 'buy' on OCBC. Huationg's target price cut to 88 cents; Nam Cheong remains 'buy' at $2.05 target.

Singapore Market Roundup

Singapore Market Roundup (24-Aug-2026): RHB's Yeo lowers Food Empire target price to $3.08,

RHB's Yeo maintains a positive view on Food Empire, lowering the target price to $3.08. PhillipCapital cuts ComfortDelGro's target to $1.21 and...

Singapore Market Roundup

Aequitas 2026 Asia IPO Pipeline - ASEAN, Australia, ADR

In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, at all remaining regions, including Asia linked ADRs

Sumeet Singh

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52-week Range

Market Cap (USDm)

P/E

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