Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Citi maintains 'sell' on SIA, raising TP to $6.38 amid stabilising yield.</li>
<li>uSMART starts coverage on Yeo Hiap Seng with a 'hold' rating and a 64.3 cent TP.</li>
<li>OCBC's Lim increases Boustead Singapore's fair value to $2.45.</li>
</ul>


Citi maintains 'sell' on SIA, raising TP to $6.38 amid stabilising yield.
uSMART starts coverage on Yeo Hiap Seng with a 'hold' rating and a 64.3 cent TP.
OCBC's Lim increases Boustead Singapore's fair value to $2.45.


Singapore Market Roundup (11-Feb-2026): Citi keeps 'sell' on SIA, raises TP to $6.38 due to yield.

<ul><li>OCBC's Lim increases Boustead Singapore's fair value to $2.45.</li><li>DBS Group and RHB maintain 'buy' on Elite UK REIT after FY2025 results.</li><li>OCBC lowers Sheng Siong to 'hold' while raising target price ahead of FY2025 results.</li></ul>

OCBC's Lim increases Boustead Singapore's fair value to $2.45.DBS Group and RHB maintain 'buy' on Elite UK REIT after FY2025 results.OCBC lowers Sheng Siong to 'hold' while raising target price ahead of FY2025 results.

Singapore Market Roundup (10-Feb-2026): OCBC raises Boustead Singapore's fair value to $2.45.

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

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since its inception, it has generated a before-fee total return of 278% versus the MSCI Asia ex Japan of 151%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since its inception, it has generated a before-fee total return of 278% versus the MSCI Asia ex Japan of 151%


<ul><li>CGSI maintains 'add' but lowers TP; JPMorgan downgrades SCI to 'neutral' post-Alinta deal.</li><li>RHB keeps 'buy' rating and targets 85 cents for HRnetGroup.</li><li>Analysts are optimistic as SGX begins its new growth phase.</li></ul>

CGSI maintains 'add' but lowers TP; JPMorgan downgrades SCI to 'neutral' post-Alinta deal.RHB keeps 'buy' rating and targets 85 cents for HRnetGroup.Analysts are optimistic as SGX begins its new growth phase.

Singapore Market Roundup (12-Dec-2025): CGSI keeps 'add' but cuts TP; JPMorgan downgrades SCI to

Singapore

Sheng Siong Group Ltd. operates a chain of supermarket retail stores, offering a wide assortment of live, fresh, and chilled produce, pantry staples, packaged foods, and household merchandise. The company also engages in general trading, wholesale import and export, and operates an online grocery platform. Sheng Siong was founded in 1985 and is headquartered in Singapore.

Price Gauge
52-week Range	0.00 - 0.00
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Sheng Siong (SSG SP)

Singapore Market Roundup (11-Feb-2026): Citi keeps 'sell' on SIA, raises TP to $6.38 due to yield.

Citi keeps 'sell' on SIA, raising TP to $6.38. uSMART rates Yeo Hiap Seng 'hold' with a TP of 64.3 cents. OCBC's Lim raises Boustead Singapore's...

Singapore Market Roundup

Singapore Market Roundup (10-Feb-2026): OCBC raises Boustead Singapore's fair value to $2.45.

OCBC raises Boustead Singapore's fair value to $2.45; DBS and RHB maintain 'buy' on Elite UK REIT; OCBC lowers Sheng Siong to 'hold' but raises...

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

The Stocks to Own in Asia – Vol. 51

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine new join the...

A. Stotz Investment Research

Singapore Market Roundup (12-Dec-2025): CGSI keeps 'add' but cuts TP; JPMorgan downgrades SCI to

CGSI keeps 'add' but lowers TP; JPMorgan downgrades SCI to 'neutral' after Alinta deal. RHB maintains 'buy' for HRnetGroup, targeting 85 cents....

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (11-Feb-2026): Citi keeps 'sell' on SIA, raises TP to $6.38 due to yield.

Citi keeps 'sell' on SIA, raising TP to $6.38. uSMART rates Yeo Hiap Seng 'hold' with a TP of 64.3 cents. OCBC's Lim raises Boustead Singapore's...

Singapore Market Roundup

Singapore Market Roundup (10-Feb-2026): OCBC raises Boustead Singapore's fair value to $2.45.

OCBC raises Boustead Singapore's fair value to $2.45; DBS and RHB maintain 'buy' on Elite UK REIT; OCBC lowers Sheng Siong to 'hold' but raises...

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

The Stocks to Own in Asia – Vol. 51

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine new join the...

A. Stotz Investment Research

Singapore Market Roundup (12-Dec-2025): CGSI keeps 'add' but cuts TP; JPMorgan downgrades SCI to

CGSI keeps 'add' but lowers TP; JPMorgan downgrades SCI to 'neutral' after Alinta deal. RHB maintains 'buy' for HRnetGroup, targeting 85 cents....

Singapore Market Roundup

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