One-Stop Financial Services, uSMART Securities Pte Ltd

uSMART Securities

One-Stop Financial Services

uSMART Securities Pte Ltd

uSMART Securities (Singapore) Pte. Ltd (uSMART SG),is a leading securities company regulated by MAS and we hold a Capital Markets Services (CMS) License under the Securities and Futures Act 2001. We provide smart, professional and outstanding one-stop financial services to our clients, to best serve investors' needs and investment journey.

Equity Bottom-Up

<ul>
<li>Hong Leong Asia Ltd (HLA) operates two main business divisions, powertrain solutions and building materials.</li>
<li>Its powertrain division is a market leader in China, supplying engines for trucks, buses, construction, and agricultural equipment, as well as marine applications.</li>
<li>HLA’s building materials arm operates across Singapore and Malaysia, offering ready-mix concrete, precast, cement, circular economy solutions, and trading of aggregates and granite.</li>
</ul>


Hong Leong Asia Ltd (HLA) operates two main business divisions, powertrain solutions and building materials.
Its powertrain division is a market leader in China, supplying engines for trucks, buses, construction, and agricultural equipment, as well as marine applications.
HLA’s building materials arm operates across Singapore and Malaysia, offering ready-mix concrete, precast, cement, circular economy solutions, and trading of aggregates and granite.


Hong Leong Asia: Strong Position in the Growing Powertrain and Building Materials Markets

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.

Hutchison Port Holdings Trust / Equity Bottom-Up

<ul><li>Hong Leong Asia achieved a 141% total return with S$53 million net institutional inflows, driven by MTU Series 2000 engines launch.</li><li>Hiap Seng Industries' ADT rose significantly after Chandra Asri Group acquired an 11.87% equity interest, boosting collaboration opportunities.</li><li>Singapore's SMID Industrials, including Hiap Seng Industries, Soilbuild Construction, and ASL Marine, saw significant turnover growth in 2H25.</li></ul>

Hong Leong Asia achieved a 141% total return with S$53 million net institutional inflows, driven by MTU Series 2000 engines launch.Hiap Seng Industries' ADT rose significantly after Chandra Asri Group acquired an 11.87% equity interest, boosting collaboration opportunities.Singapore's SMID Industrials, including Hiap Seng Industries, Soilbuild Construction, and ASL Marine, saw significant turnover growth in 2H25.

FTSE ST Industrials Index Holds 40% YTD Total Return in November 

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>SAC Capital gives Reclaims Global a 'buy' rating with a target of 49.7 cents.</li><li>JP Morgan raises DBS TP to $70; upgrades OCBC, SGX to 'overweight', UOB to 'neutral'.</li><li>UOB Kay Hian rates Soon Hock Enterprise as 'buy' with a target price of 68 cents.</li></ul>

SAC Capital gives Reclaims Global a 'buy' rating with a target of 49.7 cents.JP Morgan raises DBS TP to $70; upgrades OCBC, SGX to 'overweight', UOB to 'neutral'.UOB Kay Hian rates Soon Hock Enterprise as 'buy' with a target price of 68 cents.

Singapore Market Roundup (28-Nov-2025): SAC Capital rates Reclaims Global 'buy' at 49.7 cents.

<ul><li>UOB Kay Hian initiates 'buy' on Soon Hock Enterprise, targeting 68 cents.</li><li>RHB's Yeo lowers Thai Beverage target price to 62 cents, forecasts FY2026 improvement.</li><li>Geo Energy's 3QFY2025 disappoints; Chew keeps 59 cents target price.</li></ul>

UOB Kay Hian initiates 'buy' on Soon Hock Enterprise, targeting 68 cents.RHB's Yeo lowers Thai Beverage target price to 62 cents, forecasts FY2026 improvement.Geo Energy's 3QFY2025 disappoints; Chew keeps 59 cents target price.

Singapore Market Roundup (27-Nov-2025): UOB Kay Hian rates Soon Hock Enterprise a 'buy' at 68

Boustead Singapore Limited / Equity Bottom-Up

<ul><li>Success More Group sold 42 million China Sunsine shares for S$27.7 million, reducing its stake to 57.2%.</li><li>The iEdge Next 50 Index's technology stocks recorded S$179 million net institutional inflow in 2H25, led by iFAST.</li><li>China Sunsine's ADT increased to S$606k in 2025, with a 10.4% ROE and 7.6x P/E ratio.</li></ul>

Success More Group sold 42 million China Sunsine shares for S$27.7 million, reducing its stake to 57.2%.The iEdge Next 50 Index's technology stocks recorded S$179 million net institutional inflow in 2H25, led by iFAST.China Sunsine's ADT increased to S$606k in 2025, with a 10.4% ROE and 7.6x P/E ratio.

Growth in Motion: China Sunsine Married Deal & Next 50 Momentum

Singapore

Hong Leong Asia Limited manufactures and fabricates precast concrete products, trades and distributes steel and cement products,  The Company also manufactures and distributes refrigerators and freezers, assembles air-conditioners and diesel engines as well as manufactures and sells metal drums and containers, plastic packaging related products, and container components.

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Hong Leong Asia (HLA SP)

Hong Leong Asia: Strong Position in the Growing Powertrain and Building Materials Markets

Hong Leong Asia Ltd (HLA) operates two main business divisions, powertrain solutions and building materials. Its powertrain division is a market...

uSMART Securities

FTSE ST Industrials Index Holds 40% YTD Total Return in November

Hong Leong Asia achieved a 141% total return with S$53 million net institutional inflows, driven by MTU Series 2000 engines launch. Hiap Seng...

Singapore Exchange Ltd (SGX)

Singapore Market Roundup (28-Nov-2025): SAC Capital rates Reclaims Global 'buy' at 49.7 cents.

SAC Capital rates Reclaims Global as 'buy' at 49.7 cents. JP Morgan raises DBS to $70; upgrades OCBC, SGX to 'overweight', UOB to 'neutral'. UOB...

Singapore Market Roundup

Singapore Market Roundup (27-Nov-2025): UOB Kay Hian rates Soon Hock Enterprise a 'buy' at 68

UOB Kay Hian rates Soon Hock Enterprise as 'buy' with a 68 cents target; RHB lowers Thai Beverage to 62 cents; Geo Energy's 3QFY2025 disappoints,...

Singapore Market Roundup

Growth in Motion: China Sunsine Married Deal & Next 50 Momentum

Success More Group sold 42 million China Sunsine shares for S$27.7 million, reducing its stake to 57.2%. The iEdge Next 50 Index's technology...

Singapore Exchange Ltd (SGX)

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52-week Range

Market Cap (USDm)

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