Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>uSmart initiates coverage of Soon Hock at 'buy,' foreseeing re-rating before Skye@Tuas launch.</li><li>Paragon acquisition strengthens CICT's position as Singapore's leading retail landlord.</li><li>Maybank and CGSI remain positive on ISOTeam after recent contract win.</li></ul>

uSmart initiates coverage of Soon Hock at 'buy,' foreseeing re-rating before Skye@Tuas launch.Paragon acquisition strengthens CICT's position as Singapore's leading retail landlord.Maybank and CGSI remain positive on ISOTeam after recent contract win.

Singapore Market Roundup (22-Apr-2026): uSmart rates Soon Hock 'buy' ahead of Skye@Tuas launch.

<ul><li>Centurion Corp's A$45M miners' dorm buy in Australia likened to a 'toll road' by UOBKH.</li><li>UOBKH begins coverage of Beng Kuang Marine, targeting 64 cents.</li><li>Maybank restarts 'buy' rating on HRnetGroup, target price set at 87 cents.</li></ul>

Centurion Corp's A$45M miners' dorm buy in Australia likened to a 'toll road' by UOBKH.UOBKH begins coverage of Beng Kuang Marine, targeting 64 cents.Maybank restarts 'buy' rating on HRnetGroup, target price set at 87 cents.

Singapore Market Roundup (21-Apr-2026): Centurion Corp buys A$45M miners' dorm; likened to toll

<ul><li>RHB upgrades KORE to 'buy' with TP of 30 US cents after surprise dividend resumption.</li><li>RHB and CGSI raise KIT's TP due to strong cashflows and support for DPU.</li><li>DBS keeps $5.71 target price for Singtel after STT GDC acquisition with KKR.</li></ul>

RHB upgrades KORE to 'buy' with TP of 30 US cents after surprise dividend resumption.RHB and CGSI raise KIT's TP due to strong cashflows and support for DPU.DBS keeps $5.71 target price for Singtel after STT GDC acquisition with KKR.

Singapore Market Roundup (04-Feb-2026): RHB upgrades KORE to 'buy', targets 30 cents after

Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

<ul>
<li>The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.</li>
<li>Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.</li>
<li>The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.</li>
</ul>


The iEdge Singapore Next 50 is effectively a global growth proxy, with ~51% of revenues generated offshore, sharply reducing reliance on Singapore’s domestic and banking cycles.
Its mid-cap, real-asset and industrial skew creates structurally different earnings drivers from the STI, tied to trade flows, infrastructure, healthcare, and technology capex rather than credit growth.
The index offers diversification without governance compromise, using Singapore’s regulatory framework as a platform to access faster-growing ASEAN, Indian, and global markets.


The Global Footprint of the iEdge Singapore Next 50

<ul><li>Morningstar lifts SGX fair value to $15, cites strong trading but warns of overvaluation.</li><li>PhillipCapital lowers Sembcorp's TP to $7.10 but keeps 'buy' rating.</li><li>Analysts are optimistic as SGX starts a new growth phase.</li></ul>

Morningstar lifts SGX fair value to $15, cites strong trading but warns of overvaluation.PhillipCapital lowers Sembcorp's TP to $7.10 but keeps 'buy' rating.Analysts are optimistic as SGX starts a new growth phase.

Singapore Market Roundup (16-Dec-2025): Morningstar raises SGX fair value to $15, notes

Singapore

Keppel REIT is a commercial real estate investment trust that invests in a portfolio of prime commercial assets across Asia Pacific's key business districts, including Singapore, Australia, South Korea, and Japan. It aims to generate stable income and sustainable long-term total returns for its unitholders. Keppel REIT was established in 2005 and is headquartered in Singapore.

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Keppel REIT (KREIT SP)

Singapore Market Roundup (22-Apr-2026): uSmart rates Soon Hock 'buy' ahead of Skye@Tuas launch.

uSmart rates Soon Hock as 'buy' ahead of Skye@Tuas launch. Paragon acquisition boosts CICT's retail leadership, while Maybank and CGSI favor...

Singapore Market Roundup

Singapore Market Roundup (21-Apr-2026): Centurion Corp buys A$45M miners' dorm; likened to toll

Centurion Corp acquires A$45M miners' dorm in Australia, UOBKH covers Beng Kuang Marine with a 64-cent target, and Maybank resumes 'buy' on...

Singapore Market Roundup

Singapore Market Roundup (04-Feb-2026): RHB upgrades KORE to 'buy', targets 30 cents after

RHB upgrades KORE to 'buy' with a 30 cent TP after dividend resumption. RHB and CGSI raise KIT's TP; DBS maintains Singtel's $5.71 target post...

Singapore Market Roundup

The Global Footprint of the iEdge Singapore Next 50

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

Singapore Market Roundup (16-Dec-2025): Morningstar raises SGX fair value to $15, notes

Morningstar raises SGX fair value to $15, citing strong trading but warns of overvaluation. PhillipCapital lowers Sembcorp's TP to $7.10, maintains...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (22-Apr-2026): uSmart rates Soon Hock 'buy' ahead of Skye@Tuas launch.

uSmart rates Soon Hock as 'buy' ahead of Skye@Tuas launch. Paragon acquisition boosts CICT's retail leadership, while Maybank and CGSI favor...

Singapore Market Roundup

Singapore Market Roundup (21-Apr-2026): Centurion Corp buys A$45M miners' dorm; likened to toll

Centurion Corp acquires A$45M miners' dorm in Australia, UOBKH covers Beng Kuang Marine with a 64-cent target, and Maybank resumes 'buy' on...

Singapore Market Roundup

Singapore Market Roundup (04-Feb-2026): RHB upgrades KORE to 'buy', targets 30 cents after

RHB upgrades KORE to 'buy' with a 30 cent TP after dividend resumption. RHB and CGSI raise KIT's TP; DBS maintains Singtel's $5.71 target post...

Singapore Market Roundup

The Global Footprint of the iEdge Singapore Next 50

​The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...

Golden Section Capital

Singapore Market Roundup (16-Dec-2025): Morningstar raises SGX fair value to $15, notes

Morningstar raises SGX fair value to $15, citing strong trading but warns of overvaluation. PhillipCapital lowers Sembcorp's TP to $7.10, maintains...

Singapore Market Roundup

The iEdge Singapore Next 50 index delivers global growth, diversified earnings, and lower STI correlation, using Singapore governance to invest in...