Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<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.

Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

Equity Bottom-Up

<ul><li>It was the sort of year that may only come once in a career.</li><li>Almost everything worked as the markets finally looked beyond US tech to Asian holdcos, commodities and EM value.</li><li>The level of outperformance was particularly surprising given the AI bubble and crypto/meme silliness rage on and that I began the year with 24% cash.</li></ul>

It was the sort of year that may only come once in a career.Almost everything worked as the markets finally looked beyond US tech to Asian holdcos, commodities and EM value.The level of outperformance was particularly surprising given the AI bubble and crypto/meme silliness rage on and that I began the year with 24% cash.

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Key points (machine generated)<ul><li>United Tractors, founded in 1972 and listed in 1991, is Indonesia's largest heavy equipment distributor with exclusive rights for brands like Komatsu and Scania.</li><li>The company provides sales, parts, assembly, and repair services, and has diversified into mining and renewable energy sectors.</li><li>Its subsidiary PAMA leads in mining services, while United Tractors manages coal and gold mining assets and invests in renewable energy projects.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)United Tractors, founded in 1972 and listed in 1991, is Indonesia's largest heavy equipment distributor with exclusive rights for brands like Komatsu and Scania.The company provides sales, parts, assembly, and repair services, and has diversified into mining and renewable energy sectors.Its subsidiary PAMA leads in mining services, while United Tractors manages coal and gold mining assets and invests in renewable energy projects.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

United Tractors (PUTKY) - Saturday, Jul 26, 2025

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Hong Kong Exchanges and Clearing Limited (HKEX) is purchasing 9 floors at Exchange Square in Hong Kong for $810 million, marking the top deal of the year.</li><li>The California Public Employees' Retirement System (CalPERS) fund has acquired an office tower near Shanghai Xintiandi for $316 million.</li><li>Mitsubishi Estate has started construction on a $1.7 billion office project in London, further solidifying its presence in the city's real estate market.</li></ul>

Hong Kong Exchanges and Clearing Limited (HKEX) is purchasing 9 floors at Exchange Square in Hong Kong for $810 million, marking the top deal of the year.The California Public Employees' Retirement System (CalPERS) fund has acquired an office tower near Shanghai Xintiandi for $316 million.Mitsubishi Estate has started construction on a $1.7 billion office project in London, further solidifying its presence in the city's real estate market.

Asia Real Estate Tracker (25-Apr-2025): HKEX buys 9 floors at Exchange Square for $810M.

<ul><li>Cambridge, a Singapore-based firm, purchases a Sydney office block for $70M from a former Tysan boss, expanding its real estate portfolio</li><li>Hong Kong Land reports a significant increase in losses, totaling $1.4B, attributed to challenges within its Central Portfolio</li><li>M&amp;G Real Estate invests $62M in student housing in Melbourne, Australia, highlighting their focus on the Australian real estate market. Warburg Pincus forms a partnership with SK Group to develop Korean senior living facilities, tapping into the growing demand for elderly care in South Korea.</li></ul>

Cambridge, a Singapore-based firm, purchases a Sydney office block for $70M from a former Tysan boss, expanding its real estate portfolioHong Kong Land reports a significant increase in losses, totaling $1.4B, attributed to challenges within its Central PortfolioM&amp;G Real Estate invests $62M in student housing in Melbourne, Australia, highlighting their focus on the Australian real estate market. Warburg Pincus forms a partnership with SK Group to develop Korean senior living facilities, tapping into the growing demand for elderly care in South Korea.

Asia Real Estate Tracker (11-Mar-2025): Singapore buying Sydney office for $70M.

Bermuda

Jardine Matheson is a diversified, Asia-focused multinational conglomerate with interests spanning motor vehicles, property investment and development, retail, hotels, engineering, construction, and financial services. It operates through a portfolio of market-leading businesses across Asia. The company was founded in 1832 and is headquartered in Hong Kong.

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Jardine Matheson (JM SP)

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

2025 Portfolio Review

The level of outperformance was particularly surprising given the AI bubble and crypto/meme silliness rage on and that I began the year with 24% cash.

Superfluous Value

United Tractors (PUTKY) - Saturday, Jul 26, 2025

United Tractors, Indonesia's largest heavy equipment distributor since 1972, diversifies into mining and renewable energy while maintaining a...

Value Investors Club (VIC)

Asia Real Estate Tracker (25-Apr-2025): HKEX buys 9 floors at Exchange Square for $810M.

HKEX buys 9 floors at Hongkong Land's Exchange Square, CalPERS fund purchases office tower near Shanghai Xintiandi, and Mitsubishi Estate starts...

Asia Real Estate Tracker

Asia Real Estate Tracker (11-Mar-2025): Singapore buying Sydney office for $70M.

Real estate deals in Asia-Pacific: Singapore's Cambridge buys Sydney office block, Hong Kong Land's losses double, M&G Real Estate acquires student...

Asia Real Estate Tracker

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