Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>RHB upgrades real estate sector to 'overweight', recommending CDL and APAC Realty as top picks for investors.</li><li>Stock updates include analysis on companies such as SGX, UOB, Marco Polo Marine, Pan-United Corp, Food Empire, PLife REIT, and Wilmar.</li><li>Investors should consider RHB's recommendations and monitor the performance of these companies in the real estate sector.</li></ul>

RHB upgrades real estate sector to 'overweight', recommending CDL and APAC Realty as top picks for investors.Stock updates include analysis on companies such as SGX, UOB, Marco Polo Marine, Pan-United Corp, Food Empire, PLife REIT, and Wilmar.Investors should consider RHB's recommendations and monitor the performance of these companies in the real estate sector.

Singapore Market Roundup (17-Jan-2025): RHB upgrades real estate sector, CDL and APAC Realty top picks.

<ul><li>CGSI raises Pan-United TP to 75 cents due to positive industry outlook, potential for growth in the market.</li><li>UOBKH reduces target price on ConfortDelGro due to rising platform fees and competition, causing concerns for future profitability.</li><li>UOBKH highlights US office S-REITs offering attractive valuations and predicts increased revenue and patmi for SGX in 1HFY2025, while RHB reaffirms 'buy' rating for Marco Polo Marine. Morningstar increases target prices for Singapore banks, suggesting a bullish outlook for the sector.</li></ul>

CGSI raises Pan-United TP to 75 cents due to positive industry outlook, potential for growth in the market.UOBKH reduces target price on ConfortDelGro due to rising platform fees and competition, causing concerns for future profitability.UOBKH highlights US office S-REITs offering attractive valuations and predicts increased revenue and patmi for SGX in 1HFY2025, while RHB reaffirms 'buy' rating for Marco Polo Marine. Morningstar increases target prices for Singapore banks, suggesting a bullish outlook for the sector.

Singapore Market Roundup (14-Jan-2025): CGSI raises Pan-United TP to 75 cents for industry outlook.

<ul>
<li>CGSI has initiated coverage on Pacific Radiance and Marco Polo Marine, identifying them as beneficiaries of O&amp;M industry.</li>
<li>Brokers' Digest provides latest updates on Bumitama Agri, Oiltek, ST Engineering, SGX, Suntec REIT, Kimly, SingPost, PropNex, Raffles Medical.</li>
<li>Panin Bank acquisition might not have significant impact on OCBC and DBS due to uncertainties, according to RHB. XMH Holdings' 1HFY2025 earnings surge by 94.5% to $12.6 million. Accrelist exec chairman increases stake to 26.48%, while Tuan Sing CEO Liem raises ownership to 54.28%.</li>
</ul>


CGSI has initiated coverage on Pacific Radiance and Marco Polo Marine, identifying them as beneficiaries of O&amp;M industry.
Brokers' Digest provides latest updates on Bumitama Agri, Oiltek, ST Engineering, SGX, Suntec REIT, Kimly, SingPost, PropNex, Raffles Medical.
Panin Bank acquisition might not have significant impact on OCBC and DBS due to uncertainties, according to RHB. XMH Holdings' 1HFY2025 earnings surge by 94.5% to $12.6 million. Accrelist exec chairman increases stake to 26.48%, while Tuan Sing CEO Liem raises ownership to 54.28%.


Singapore Market Roundup (13-Dec-2024): CGSI Covers Pacific Radiance & Marco Polo Marine

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/penguin-international-ltd" target="_blank" data-smartkarma-citation="entities:10190:1" rel="noopener">Penguin International (PBS SP)</a> disclosed a revised and final voluntary unconditional offer from Dymon Asia, Executive Chairman and Managing Director at S$0.83, a 16.9% premium to the undisturbed price. </li>
<li>Unlike the previous offer, the final offer will not be reduced for the FY22 dividend. The final offer price is attractive and represents a 10-year share price high. </li>
<li>An attractive offer makes it also likely that the offeror hits the 90% compulsory acquisition threshold, which requires a minority acceptance rate of around 44%.</li>
</ul>



Penguin International (PBS SP) disclosed a revised and final voluntary unconditional offer from Dymon Asia, Executive Chairman and Managing Director at S$0.83, a 16.9% premium to the undisturbed price. 
Unlike the previous offer, the final offer will not be reduced for the FY22 dividend. The final offer price is attractive and represents a 10-year share price high. 
An attractive offer makes it also likely that the offeror hits the 90% compulsory acquisition threshold, which requires a minority acceptance rate of around 44%.


Penguin International (PBS SP): Dymon Asia’s Unconditional and Final Offer of S$0.83

<ul>
<li>
<a href="https://www.smartkarma.com/entities/penguin-international-ltd" target="_blank" data-smartkarma-citation="entities:10190:1" rel="noopener">Penguin International (PBS SP)</a> has disclosed a voluntary unconditional offer from Dymon Asia, Executive Chairman and Managing Director at S$0.82 per share, a 15.5% premium to the undisturbed price. </li>
<li>The offer price is attractive, represents an 8-year share price high, and is shy of the 10-year high of S$0.825. It is also 26.2% higher than the 2021 offer.</li>
<li>The offeror aims to privatise Penguin. Hitting the 90% compulsory acquisition threshold implies a minority acceptance rate of around 44%, which is eminently achievable due to an attractive offer.</li>
</ul>



Penguin International (PBS SP) has disclosed a voluntary unconditional offer from Dymon Asia, Executive Chairman and Managing Director at S$0.82 per share, a 15.5% premium to the undisturbed price. 
The offer price is attractive, represents an 8-year share price high, and is shy of the 10-year high of S$0.825. It is also 26.2% higher than the 2021 offer.
The offeror aims to privatise Penguin. Hitting the 90% compulsory acquisition threshold implies a minority acceptance rate of around 44%, which is eminently achievable due to an attractive offer.


Penguin International (PBS SP): Dymon Asia & Co Return with an S$0.82 Unconditional Offer

Singapore

Marco Polo Marine Limited is an integrated shipping company. The Company provides services that include ship chartering, ship building and repair, and brokering services.

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Marco Polo Marine (MPM SP)

Singapore Market Roundup (17-Jan-2025): RHB upgrades real estate sector, CDL and APAC Realty top picks.

RHB's latest report upgrades the real estate sector to 'overweight', highlighting CDL and APAC Realty as top picks, with stock updates on SGX, UOB,...

Singapore Market Roundup

Singapore Market Roundup (14-Jan-2025): CGSI raises Pan-United TP to 75 cents for industry outlook.

CGSI raises Pan-United TP, UOBKH reduces ConfortDelGro target price, UOBKH touts US office S-REITs, predicts SGX growth, RHB bullish on Marco Polo...

Singapore Market Roundup

Singapore Market Roundup (13-Dec-2024): CGSI Covers Pacific Radiance & Marco Polo Marine

CGSI initiates coverage on Pacific Radiance and Marco Polo Marine as beneficiaries of O&M, add calls; Bumitama Agri, Oiltek, ST Engineering, SGX,...

Singapore Market Roundup

Penguin International (PBS SP): Dymon Asia’s Unconditional and Final Offer of S$0.83

Unlike the previous offer, the final offer will not be reduced for the FY22 dividend. The final offer price is attractive and represents a 10-year...

Arun George

Penguin International (PBS SP): Dymon Asia & Co Return with an S$0.82 Unconditional Offer

Hitting the 90% compulsory acquisition threshold implies a minority acceptance rate of around 44%, which is eminently achievable due to an...

Arun George

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52-week Range

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