Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>DBS is RHB's preferred choice among Singapore banks.                        </li>
<li>HSBC identifies CDL as a 'turnaround' story by 2026.</li>
<li>CDL's 3QFY2025 update boosts target price by 73%, RHB upgrades rating.</li>
</ul>


DBS is RHB's preferred choice among Singapore banks.                        
HSBC identifies CDL as a 'turnaround' story by 2026.
CDL's 3QFY2025 update boosts target price by 73%, RHB upgrades rating.


Singapore Market Roundup (20-Nov-2025): DBS is RHB's top choice among Singapore banks.

<ul><li>CGS lowers Mermaid Maritime's target price but maintains 'add' rating.</li><li>UOB Kay Hian's Loh raises Yangzijiang Shipbuilding target price to $4.10.</li><li>Analysts raise Marco Polo Marine's target prices to 12 cents after contract win.</li></ul>

CGS lowers Mermaid Maritime's target price but maintains 'add' rating.UOB Kay Hian's Loh raises Yangzijiang Shipbuilding target price to $4.10.Analysts raise Marco Polo Marine's target prices to 12 cents after contract win.

Singapore Market Roundup (19-Nov-2025): CGS cuts Mermaid Maritime's target price, keeps 'add'

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)

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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.

Equity Bottom-Up

Thoresen Thai Agencies / Equity Bottom-Up

<ul><li>Mermaid info pic mermaid cover 10 Questions for https://investors.sgx.com/securities/stocks?security=DU4 Describe Mermaid Maritime’s operations and some of its key business segments?  In 2Q2024, Mermaid Maritime’s revenue jumped 154.8% from US$62.0 million to US$158.0 million, underpinned by several growth drivers: A sharp increase in decommissioning projects as many offshore oil wells are reaching the end of their productive life, necessitating safe and efficient decommissioning services in which Mermaid specialises.</li></ul>

Mermaid info pic mermaid cover 10 Questions for https://investors.sgx.com/securities/stocks?security=DU4 Describe Mermaid Maritime’s operations and some of its key business segments?  In 2Q2024, Mermaid Maritime’s revenue jumped 154.8% from US$62.0 million to US$158.0 million, underpinned by several growth drivers: A sharp increase in decommissioning projects as many offshore oil wells are reaching the end of their productive life, necessitating safe and efficient decommissioning services in which Mermaid specialises.

10 in 10 with Mermaid Maritime - International Subsea and Offshore Specialist

<ul><li>Paul Whiley, COO and Executive Director of oil and gas offshore and subsea services firm Mermaid Maritime, shares how it is moving into decommissioning and other sunrise specialities to thrive in the long term.</li><li>Even as the world shifts towards renewable energy, there will be many opportunities in the oil and gas industry in the coming decades, says Mermaid Maritime’s Chief Operating Officer and Executive Director Paul Whiley.</li><li>Mermaid is a leading international subsea and offshore drilling services company for major oil and gas companies or their contractors, with its corporate headquarters based in Thailand.</li></ul>

Paul Whiley, COO and Executive Director of oil and gas offshore and subsea services firm Mermaid Maritime, shares how it is moving into decommissioning and other sunrise specialities to thrive in the long term.Even as the world shifts towards renewable energy, there will be many opportunities in the oil and gas industry in the coming decades, says Mermaid Maritime’s Chief Operating Officer and Executive Director Paul Whiley.Mermaid is a leading international subsea and offshore drilling services company for major oil and gas companies or their contractors, with its corporate headquarters based in Thailand.

kopi-C with Mermaid Maritime’s Chief Operating Officer: ‘The oil and gas industry remains vital’

Yoma Strategic Holdings / Equity Bottom-Up

<ul><li>The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma Strategic, Yangzijiang Shipbuilding and Samudera Shipping.</li><li>Among the broader group of Singapore’s 200 most traded stocks this year, 63 stocks have generated YTD total returns of 10% or higher.</li><li>Among the 63 stocks, the Industrials Sector representing as many as 18 (29%) of the 63 stocks, compared to the sector representing 38 (19%) of the broader group of the 200 most traded stocks.</li></ul>

The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma Strategic, Yangzijiang Shipbuilding and Samudera Shipping.Among the broader group of Singapore’s 200 most traded stocks this year, 63 stocks have generated YTD total returns of 10% or higher.Among the 63 stocks, the Industrials Sector representing as many as 18 (29%) of the 63 stocks, compared to the sector representing 38 (19%) of the broader group of the 200 most traded stocks.

Singapore's Most Actively Traded Stocks with Double-Digit YTD Total Returns

Singapore

Mermaid Maritime PCL is a provider of drilling and sub-sea engineering services for the offshore oil and gas industry. The Company's sub-sea engineering division services clients in South East Asia, India, China, Sakhlin, the North Sea, the Middle East and South America.

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Mermaid Maritime (MMT SP)

Singapore Market Roundup (20-Nov-2025): DBS is RHB's top choice among Singapore banks.

DBS is RHB's top pick in Singapore; HSBC sees CDL as a 'turnaround' by 2026, with a 73% target price increase and upgraded rating after 3QFY2025...

Singapore Market Roundup

Singapore Market Roundup (19-Nov-2025): CGS cuts Mermaid Maritime's target price, keeps 'add'

CGS lowers Mermaid Maritime's target price but keeps 'add' rating; UOB Kay Hian raises Yangzijiang Shipbuilding to $4.10; Marco Polo Marine's...

Singapore Market Roundup

10 in 10 with Mermaid Maritime - International Subsea and Offshore Specialist

Mermaid info pic mermaid cover 10 Questions for https://investors.sgx.com/securities/stocks?security=DU4 Describe Mermaid Maritime’s operations and...

Singapore Exchange Ltd (SGX)

kopi-C with Mermaid Maritime’s Chief Operating Officer: ‘The oil and gas industry remains vital’

Paul Whiley, COO and Executive Director of oil and gas offshore and subsea services firm Mermaid Maritime, shares how it is moving into...

Singapore Exchange Ltd (SGX)

Singapore's Most Actively Traded Stocks with Double-Digit YTD Total Returns

The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma...

Singapore Exchange Ltd (SGX)

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