Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>UOB Kay Hian keeps 'buy' rating on Food Empire, target price at $3.49.</li><li>Goldman Sachs reports limited impact from China's July 1 cross-border curbs.</li><li>RHB upgrades First Resources to 'buy' with target price of $3.70.</li></ul>

UOB Kay Hian keeps 'buy' rating on Food Empire, target price at $3.49.Goldman Sachs reports limited impact from China's July 1 cross-border curbs.RHB upgrades First Resources to 'buy' with target price of $3.70.

Singapore Market Roundup (22-Jun-2026): UOB Kay Hian maintains 'buy' on Food Empire, price target

<ul><li>UOBKH's Koh increases CICT target price to $3.06.</li><li>Analysts stay positive on ST Engineering; UOBKH's Chen lifts target price to $11.75.</li><li>DBS retains 'buy' rating and $12 target for CDL after Kwek Leng Peck's return.</li></ul>

UOBKH's Koh increases CICT target price to $3.06.Analysts stay positive on ST Engineering; UOBKH's Chen lifts target price to $11.75.DBS retains 'buy' rating and $12 target for CDL after Kwek Leng Peck's return.

Singapore Market Roundup (19-May-2026): Koh raises CICT target price to $3.06 at UOBKH.

<ul>
<li>DBS and UOB Kay Hian increase target prices for NTT DC REIT.       </li>
<li>OCBC's Lim holds 'hold' on SingPost, expects operational improvements.</li>
<li>ST Engineering's 1QFY2026 earnings rise over 15% year-on-year.</li>
</ul>


DBS and UOB Kay Hian increase target prices for NTT DC REIT.       
OCBC's Lim holds 'hold' on SingPost, expects operational improvements.
ST Engineering's 1QFY2026 earnings rise over 15% year-on-year.


Singapore Market Roundup (18-May-2026): DBS, UOB Kay Hian raise target prices for NTT DC REIT.

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/info-tech-systems-ltd" target="_blank" data-smartkarma-citation="entities:45425:1" rel="noopener">Info-Tech Systems (ITSL SP)</a> is an SGX Mainboard-listed provider of cloud-based business software for small and medium enterprises (SMEs), with operations in SG, MY, HK and IN.</li>
<li>Its core product is a modular human resource management system (HRMS) covering payroll, leave, claims, time attendance, appraisal and scheduling, which it sells alongside its proprietary accounting software.</li>
<li>We initiate non-rated coverage on Info-Tech Systems. While the firm has shown strong growth , HRMS revenue could potentially decline given grant funding being an important driver for first-year sign-ups.</li>
</ul>



Info-Tech Systems (ITSL SP) is an SGX Mainboard-listed provider of cloud-based business software for small and medium enterprises (SMEs), with operations in SG, MY, HK and IN.
Its core product is a modular human resource management system (HRMS) covering payroll, leave, claims, time attendance, appraisal and scheduling, which it sells alongside its proprietary accounting software.
We initiate non-rated coverage on Info-Tech Systems. While the firm has shown strong growth , HRMS revenue could potentially decline given grant funding being an important driver for first-year sign-ups.


Info-Tech Systems Initiation - High Growth and Margins but Needs to Be Sustainable

<ul><li>Lim and Tan Securities raises Beng Kuang Marine's target to 69 cents.</li><li>DBS, RHB cautious on StarHub after weak 1Q earnings amid price competition.</li><li>RHB maintains ‘neutral’ stance on MUST after 1QFY2026 results.</li></ul>

Lim and Tan Securities raises Beng Kuang Marine's target to 69 cents.DBS, RHB cautious on StarHub after weak 1Q earnings amid price competition.RHB maintains ‘neutral’ stance on MUST after 1QFY2026 results.

Singapore Market Roundup (08-May-2026): Lim and Tan raises Beng Kuang Marine's target to 69¢.

Singapore

OCBC Bank is a Singaporean multinational banking and financial services corporation. It offers a comprehensive suite of services including consumer, corporate, investment, and private banking, alongside insurance, asset management, and stockbroking. The company is headquartered in Singapore and was founded on October 31, 1932.

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OCBC Bank (OCBC SP)

Singapore Market Roundup (22-Jun-2026): UOB Kay Hian maintains 'buy' on Food Empire, price target

UOB Kay Hian maintains 'buy' on Food Empire at $3.49. Goldman Sachs sees limited effect from China's curbs. RHB upgrades First Resources to 'buy'...

Singapore Market Roundup

Singapore Market Roundup (19-May-2026): Koh raises CICT target price to $3.06 at UOBKH.

UOBKH raises CICT target to $3.06; ST Engineering's target up to $11.75. DBS maintains 'buy' and $12 target for CDL after Kwek Leng Peck's return.

Singapore Market Roundup

Singapore Market Roundup (18-May-2026): DBS, UOB Kay Hian raise target prices for NTT DC REIT.

DBS and UOB Kay Hian raise target prices for NTT DC REIT. OCBC's Lim maintains 'hold' on SingPost, anticipating operational gains. ST Engineering's...

Singapore Market Roundup

Info-Tech Systems Initiation - High Growth and Margins but Needs to Be Sustainable

We initiate non-rated coverage on Info-Tech Systems. Despite the strong growth, HRMS revenue could potentially decline given grant funding being an...

Evolve Capital Advisory Pte Ltd

Singapore Market Roundup (08-May-2026): Lim and Tan raises Beng Kuang Marine's target to 69¢.

Lim and Tan Securities raises Beng Kuang Marine's target to 69 cents; DBS and RHB cautious on StarHub after weak 1Q earnings; RHB maintains...

Singapore Market Roundup

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