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

Mid-market focused investment bank within SE Asia, Evolve Capital Advisory Pte Ltd

Evolve Capital Research

Mid-market focused investment bank within SE Asia

Evolve Capital Advisory Pte Ltd

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/isoteam-ltd" target="_blank" data-smartkarma-citation="entities:6201:1" rel="noopener">Isoteam Ltd (ISO SP)</a> is a SGX-Catalist listed company with a focus on Singapore’s building maintenance and estate upgrading industry, providing solutions across the entire lifecycle of buildings and infrastructure.</li>
<li>Since inception, the firm has completed over 900 projects on more than 7,500 buildings. Its projects are mainly based in Singapore, with approximately 70% derived from public sector contracts.</li>
<li>ISOTeam reported their 1H26 results on 11th Feb 2026. In this note, we talk about the updates.</li>
</ul>



Isoteam Ltd (ISO SP) is a SGX-Catalist listed company with a focus on Singapore’s building maintenance and estate upgrading industry, providing solutions across the entire lifecycle of buildings and infrastructure.
Since inception, the firm has completed over 900 projects on more than 7,500 buildings. Its projects are mainly based in Singapore, with approximately 70% derived from public sector contracts.
ISOTeam reported their 1H26 results on 11th Feb 2026. In this note, we talk about the updates.


ISOTeam - 1H26 Earnings Update - Execution Timing Continues to Weigh on Revenue

SAC Capital

Independent Insight Provider

<ul><li>Property Acquisition. The Group announced an acquisition of a commercial property to explore possibilities of converting the property into a dormitory for its foreign workforce.</li><li>The factory-converted dormitory has a remaining lease of 12 years and is expected to accommodate between 200 beds to 400 beds which forms up majority of the foreign workforce.</li><li>This initiative is expected to positively impact gross margins and allow the Group to continue its cost saving efforts.</li></ul>

Property Acquisition. The Group announced an acquisition of a commercial property to explore possibilities of converting the property into a dormitory for its foreign workforce.The factory-converted dormitory has a remaining lease of 12 years and is expected to accommodate between 200 beds to 400 beds which forms up majority of the foreign workforce.This initiative is expected to positively impact gross margins and allow the Group to continue its cost saving efforts.

ISOTeam Ltd - Temporary Dips, Longer Term Gains

External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>As of 27 August 2025, ISOTeam’s order book expanded to S$181.1mn, up from S$161.9mn as of 30 June 2025, providing clear revenue visibility through FY27.</li><li>The Group remains well-positioned to capture recurring demand from public-sector upgrading, sustainability retrofits and infrastructure enhancement projects.</li><li>ISOTeam’s FY25 performance reflected near-term project delays, with revenue falling from S$130.2mn in FY24 to S$119.2mn in FY25.</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>

As of 27 August 2025, ISOTeam’s order book expanded to S$181.1mn, up from S$161.9mn as of 30 June 2025, providing clear revenue visibility through FY27.The Group remains well-positioned to capture recurring demand from public-sector upgrading, sustainability retrofits and infrastructure enhancement projects.ISOTeam’s FY25 performance reflected near-term project delays, with revenue falling from S$130.2mn in FY24 to S$119.2mn in FY25.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.

ISOTeam Ltd (ISO SP): Robust Order Book and BuildTech Upside Drive Medium-Term Growth

Singapore

ISOTeam is a leading player in Singapore's building maintenance and estate upgrading industry, offering services such as repairs, redecoration, addition and alteration, and specialist coating and painting. The company also provides green solutions, including renewable energy installation and eco-friendly building solutions. Headquartered in Singapore, ISOTeam was founded in 1998.

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ISOTeam (ISO SP)

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

ISOTeam - 1H26 Earnings Update - Execution Timing Continues to Weigh on Revenue

ISOTeam reported their 1H26 results on 11th Feb 2026. In this note, we talk about the updates and share our thoughts on the company.

Evolve Capital Advisory Pte Ltd

ISOTeam Ltd - Temporary Dips, Longer Term Gains

Property Acquisition. The Group announced an acquisition of a commercial property to explore possibilities of converting the property into a...

SAC Capital

ISOTeam Ltd (ISO SP): Robust Order Book and BuildTech Upside Drive Medium-Term Growth

As of 27 August 2025, ISOTeam’s order book expanded to S$181.1mn, up from S$161.9mn as of 30 June 2025, providing clear revenue visibility through...

KGI Securities

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