Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Analysts keep ‘buy’ rating on UMS Integration after 3QFY2025 update.</li><li>CSE Global's target price raised to $1.20+ after key partnership with Amazon.</li><li>Venture Corp reports 3QFY2025 net profit of $55.6M, down 8.3% y-o-y.</li></ul>

Analysts keep ‘buy’ rating on UMS Integration after 3QFY2025 update.CSE Global's target price raised to $1.20+ after key partnership with Amazon.Venture Corp reports 3QFY2025 net profit of $55.6M, down 8.3% y-o-y.

Singapore Market Roundup (13-Nov-2025): Analysts maintain 'buy' rating for UMS Integration

<ul>
<li>OCBC: REIT spin-off is a positive move for Boustead.</li>
<li>CDG's prequalification for Copenhagen Metro boosts profile; CityCab deal may add EPS.</li>
<li>DBS increases AEM target price to $2.10, citing Intel-Nvidia collaboration.</li>
</ul>


OCBC: REIT spin-off is a positive move for Boustead.
CDG's prequalification for Copenhagen Metro boosts profile; CityCab deal may add EPS.
DBS increases AEM target price to $2.10, citing Intel-Nvidia collaboration.


Singapore Market Roundup (19-Sep-2025): OCBC Views Boustead's REIT Spin-Off as a Positive Step.

<ul>
<li>OCBC raises Golden Agri-Resources target price amid strong palm oil prices.</li>
<li>CGS International raises ISOTeam target price amid upcoming drone deployment.</li>
<li>UOBKH maintains 'sell' on SIA, raises target to $6.05, cites Air India impact.</li>
</ul>


OCBC raises Golden Agri-Resources target price amid strong palm oil prices.
CGS International raises ISOTeam target price amid upcoming drone deployment.
UOBKH maintains 'sell' on SIA, raises target to $6.05, cites Air India impact.


Singapore Market Roundup (18-Sep-2025): OCBC Boosts Golden Agri Target Price Due to Strong Palm

External broker reports(aggregated public sources), RHB Invest

RHB Invest

External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>Golden Agri-Resources (SGX:E5H)’s 1Q23 earnings are slightly below our and Street full-year estimates.</li><li>We expect earnings to improve in 2H23, on higher productivity and lower fertiliser costs.</li><li>Golden Agri-Resources's share price is trading at an attractive 6x 2023F P/E vs its peer range of 6-9x.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Golden Agri-Resources (SGX:E5H)’s 1Q23 earnings are slightly below our and Street full-year estimates.We expect earnings to improve in 2H23, on higher productivity and lower fertiliser costs.Golden Agri-Resources's share price is trading at an attractive 6x 2023F P/E vs its peer range of 6-9x.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Golden Agri Resources - A Decent 1Q23, Inexpensive Valuations; BUY

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>Global consumer non-cyclical stocks have ranked among the three most strongest performing sectors since the global spotlight on US regional banks began on 9 March through to 5 May.</li><li>At the same time, the consumer cyclical sector has ranked among the three most strongest performing sectors since the beginning of 2023.</li><li>Over the past 17 weeks, Golden Agri-Resources ranked as Singapore’s fifth most traded consumer stock while booking the tenth highest net institutional inflow across the Singapore stock market and generating a 6% total return.</li></ul>

Global consumer non-cyclical stocks have ranked among the three most strongest performing sectors since the global spotlight on US regional banks began on 9 March through to 5 May.At the same time, the consumer cyclical sector has ranked among the three most strongest performing sectors since the beginning of 2023.Over the past 17 weeks, Golden Agri-Resources ranked as Singapore’s fifth most traded consumer stock while booking the tenth highest net institutional inflow across the Singapore stock market and generating a 6% total return.

Singapore

Golden Agri-Resources (GAR) is a leading seed-to-shelf agribusiness primarily engaged in the palm oil industry. The company cultivates oil palms, extracts crude palm oil, and processes it into various value-added products including cooking oil, margarine, shortening, biodiesel, and oleochemicals. GAR also has complementary businesses in soybean-based products, sunflower-based products, and sugar distribution. Headquartered in Singapore, the company was founded in 1996.

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Golden Agri-Resources (GGR SP)

Singapore Market Roundup (13-Nov-2025): Analysts maintain 'buy' rating for UMS Integration

Analysts maintain 'buy' on UMS Integration post 3QFY2025 update. CSE Global's target price rises to $1.20+ after Amazon partnership. Venture Corp's...

Singapore Market Roundup

Singapore Market Roundup (19-Sep-2025): OCBC Views Boustead's REIT Spin-Off as a Positive Step.

OCBC sees Boustead's REIT spin-off positively; CDG's Copenhagen Metro prequalification enhances its profile; DBS raises AEM target price to $2.10...

Singapore Market Roundup

Singapore Market Roundup (18-Sep-2025): OCBC Boosts Golden Agri Target Price Due to Strong Palm

OCBC raises Golden Agri-Resources target price due to strong palm oil prices; CGS ups ISOTeam target with drone plans; UOBKH keeps 'sell' on SIA,...

Singapore Market Roundup

Golden Agri Resources - A Decent 1Q23, Inexpensive Valuations; BUY

Golden Agri-Resources (SGX:E5H)’s 1Q23 earnings are slightly below our and Street full-year estimates. We expect earnings to improve in 2H23, on...

RHB Invest

Recent Consumer Sector Highlights

Global consumer non-cyclical stocks have ranked among the three most strongest performing sectors since the global spotlight on US regional banks...

Singapore Exchange Ltd (SGX)

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