Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>DBS rates Wee Hur Holdings as 'buy' with a target price of 90 cents.</li><li>PhillipCapital resumes coverage on iX Biopharma, setting a target price of $1.</li><li>New private hospital to have minimal effect on current healthcare providers: DBS</li></ul>

DBS rates Wee Hur Holdings as 'buy' with a target price of 90 cents.PhillipCapital resumes coverage on iX Biopharma, setting a target price of $1.New private hospital to have minimal effect on current healthcare providers: DBS

Singapore Market Roundup (10-Apr-2026): DBS rates Wee Hur Holdings a 'buy' at 90 cents target.

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>The Asian Alpha Hedge Portfolio performance in 1Q26 was +17.83% versus its benchmark performance of +1.79% for an outperformance of 16.04%.</li>
<li>Over the last year, AAHP's Sharpe ratio is 4.39 with a mean excess annualized return of 69%.  The portfolio has a gross and net exposure of 132% and +30%, respectively.</li>
<li>The war has changed outlooks for economies and markets in the region.  Accordingly, we reduced risk in the portfolio and adjusted our long/short exposures to reflect this new reality.</li>
</ul>


The Asian Alpha Hedge Portfolio performance in 1Q26 was +17.83% versus its benchmark performance of +1.79% for an outperformance of 16.04%.
Over the last year, AAHP's Sharpe ratio is 4.39 with a mean excess annualized return of 69%.  The portfolio has a gross and net exposure of 132% and +30%, respectively.
The war has changed outlooks for economies and markets in the region.  Accordingly, we reduced risk in the portfolio and adjusted our long/short exposures to reflect this new reality.


Asian Alpha Hedge Portfolio (March, 2026)

<ul><li>CGSI raises Sheng Siong target price to $3.40, citing increased cost of living support.</li><li>Tickrs keeps 'buy' rating and 58-cent target for Hafary after price pullback.</li><li>Tan of DBS keeps US$2 target on UltraGreen.ai; tariffs create buy opportunity.</li></ul>

CGSI raises Sheng Siong target price to $3.40, citing increased cost of living support.Tickrs keeps 'buy' rating and 58-cent target for Hafary after price pullback.Tan of DBS keeps US$2 target on UltraGreen.ai; tariffs create buy opportunity.

Singapore Market Roundup (08-Apr-2026): CGSI raises Sheng Siong target price to $3.40 amid higher

<ul><li>Tickrs keeps 'buy' rating on Hafary, with a target price of 58 cents post pullback.</li><li>DBS keeps US$2 target on UltraGreen.ai; tariffs create buying opportunity.</li><li>CGSI and DBS uphold bullish targets for Nam Cheong after RM102.5 mil contracts.</li></ul>

Tickrs keeps 'buy' rating on Hafary, with a target price of 58 cents post pullback.DBS keeps US$2 target on UltraGreen.ai; tariffs create buying opportunity.CGSI and DBS uphold bullish targets for Nam Cheong after RM102.5 mil contracts.

Singapore Market Roundup (07-Apr-2026): Tickrs maintains 'buy' on Hafary, target price 58 cents.

<ul><li>uSmart rates GuocoLand as 'buy' with a target price offering 30% upside.</li><li>UOBKH's Loh raises YZJ target price to $4.75 after Seaspan's $825.7M stake.</li><li>JP Morgan downgrades OCBC, lowers DBS target, and raises SGX target.</li></ul>

uSmart rates GuocoLand as 'buy' with a target price offering 30% upside.UOBKH's Loh raises YZJ target price to $4.75 after Seaspan's $825.7M stake.JP Morgan downgrades OCBC, lowers DBS target, and raises SGX target.

Singapore Market Roundup (06-Apr-2026): uSmart rates GuocoLand 'buy', targeting 30% upside.

Singapore

DBS Group Holdings Ltd is a leading financial services group in Asia, providing retail, small and medium-sized enterprise, corporate, and investment banking services. Its offerings include current and savings accounts, loans, cards, payments, investment, and insurance products. The company was founded in 1968 and is headquartered in Singapore.

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DBS Group (DBS SP)

Singapore Market Roundup (10-Apr-2026): DBS rates Wee Hur Holdings a 'buy' at 90 cents target.

DBS rates Wee Hur Holdings as 'buy' with a 90 cents target price. PhillipCapital resumes iX Biopharma coverage with a $1 target. New hospital won't...

Singapore Market Roundup

Asian Alpha Hedge Portfolio (March, 2026)

While we do not believe that the Iran conflict is close to a resolution, we believe that the U.S. side needs to reach one, and that will eventually...

David Mudd

Singapore Market Roundup (08-Apr-2026): CGSI raises Sheng Siong target price to $3.40 amid higher

CGSI raises Sheng Siong target to $3.40; Tickrs maintains 'buy' on Hafary at 58 cents; DBS keeps US$2 target on UltraGreen.ai amid tariff...

Singapore Market Roundup

Singapore Market Roundup (07-Apr-2026): Tickrs maintains 'buy' on Hafary, target price 58 cents.

Tickrs maintains 'buy' on Hafary with a 58-cent target. DBS holds US$2 on UltraGreen.ai; tariffs offer a buying chance. CGSI and DBS remain bullish...

Singapore Market Roundup

Singapore Market Roundup (06-Apr-2026): uSmart rates GuocoLand 'buy', targeting 30% upside.

uSmart rates GuocoLand as 'buy' with 30% upside. UOBKH raises YZJ target to $4.75. JP Morgan downgrades OCBC, lowers DBS, and raises SGX target.

Singapore Market Roundup

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