Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>CGSI's Yap ups SIA target price to $7.65.                                     </li>
<li>UOBKH increases Lum Chang Creations' target price to 51 cents.</li>
<li>CGSI is optimistic about Ever Glory due to strong order book wins.</li>
</ul>


CGSI's Yap ups SIA target price to $7.65.                                     
UOBKH increases Lum Chang Creations' target price to 51 cents.
CGSI is optimistic about Ever Glory due to strong order book wins.


Singapore Market Roundup (15-Jul-2026): CGSI raises SIA target price to $7.65.

<ul><li>DBS keeps 'buy' rating on UMS Integration with $2.92 target as shares jump 14%.</li><li>RHB keeps 'buy' on AIMS APAC REIT, raises TP to $1.70 due to data centre options.</li><li>CGSI upgrades Hong Leong Asia to 'add', raising TP to $5.50 on strong powertrain and acquisition.</li></ul>

DBS keeps 'buy' rating on UMS Integration with $2.92 target as shares jump 14%.RHB keeps 'buy' on AIMS APAC REIT, raises TP to $1.70 due to data centre options.CGSI upgrades Hong Leong Asia to 'add', raising TP to $5.50 on strong powertrain and acquisition.

Singapore Market Roundup (12-May-2026): DBS maintains 'buy' on UMS Integration; target $2.92.

<ul><li>OCBC, CGSI cut MLT target prices; waiting for China's portfolio to stabilize.</li><li>RHB raises Sheng Siong target price to $3.45 due to earnings growth and strong margins.</li><li>DBS upgrades SIA Engineering to 'buy' but lowers target price due to risk-reward.</li></ul>

OCBC, CGSI cut MLT target prices; waiting for China's portfolio to stabilize.RHB raises Sheng Siong target price to $3.45 due to earnings growth and strong margins.DBS upgrades SIA Engineering to 'buy' but lowers target price due to risk-reward.

Singapore Market Roundup (05-May-2026): OCBC, CGSI lower MLT targets; await China portfolio

Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Cross Asset Strategy

<ul>
<li>The resilience of Asian earnings is surprising.  Consensus 2026 EPS estimate of Asia-ex-Japan (Factset Market Index) is up 3% over the past month and 10% over the past 3 months.</li>
<li>29 market-sectors have had robust upgrades over 1-month, 3-month and 6-month timeframes. Energy and basic materials and the prominent AI beneficiaries, Korean and Taiwanese tech, figure prominently among earnings gainers.</li>
<li>Among the earnings winners, nine sectors have declined significantly since the beginning of the war. The HK/Chinese, Korean and Indonesian basic materials and Korean financials and Thai communications stand out.</li>
</ul>


The resilience of Asian earnings is surprising.  Consensus 2026 EPS estimate of Asia-ex-Japan (Factset Market Index) is up 3% over the past month and 10% over the past 3 months.
29 market-sectors have had robust upgrades over 1-month, 3-month and 6-month timeframes. Energy and basic materials and the prominent AI beneficiaries, Korean and Taiwanese tech, figure prominently among earnings gainers.
Among the earnings winners, nine sectors have declined significantly since the beginning of the war. The HK/Chinese, Korean and Indonesian basic materials and Korean financials and Thai communications stand out.


Asian Equities: Higher Earnings Estimates, Lower Stock Prices - Nine Notable Sectors

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.</li>
<li>Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.</li>
<li>Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.</li>
</ul>


So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.
Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.
Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.


OIL: When a Short-Term Spike Becomes Long-Term Reality

Singapore

Singapore Airlines is the flag carrier of Singapore, offering full-service international passenger and cargo air transportation. It operates a dual-brand strategy with its premium services and the low-cost carrier Scoot, serving numerous destinations globally. The company is headquartered in Airline House, Changi, Singapore, and was incorporated in 1972.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Singapore Airlines (SIA SP)

Singapore Market Roundup (15-Jul-2026): CGSI raises SIA target price to $7.65.

CGSI raises SIA target price to $7.65; UOBKH boosts Lum Chang Creations to 51 cents. CGSI is optimistic about Ever Glory's strong order wins.

Singapore Market Roundup

Singapore Market Roundup (12-May-2026): DBS maintains 'buy' on UMS Integration; target $2.92.

DBS maintains 'buy' on UMS Integration with a $2.92 target; RHB raises AIMS APAC REIT TP to $1.70; CGSI upgrades Hong Leong Asia to 'add' with TP...

Singapore Market Roundup

Singapore Market Roundup (05-May-2026): OCBC, CGSI lower MLT targets; await China portfolio

OCBC and CGSI lower MLT target prices, awaiting China's stability. RHB raises Sheng Siong to $3.45; DBS upgrades SIA Engineering to 'buy' but...

Singapore Market Roundup

Asian Equities: Higher Earnings Estimates, Lower Stock Prices - Nine Notable Sectors

Asian earnings are remarkably resilient. Consensus 26 EPS est up 3% last month & 10% in past 3 months. Shares of 9 EPS gainers dropped sharply. HK...

Manishi Raychaudhuri

OIL: When a Short-Term Spike Becomes Long-Term Reality

So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the...

David Mudd

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (15-Jul-2026): CGSI raises SIA target price to $7.65.

CGSI raises SIA target price to $7.65; UOBKH boosts Lum Chang Creations to 51 cents. CGSI is optimistic about Ever Glory's strong order wins.

Singapore Market Roundup

Singapore Market Roundup (12-May-2026): DBS maintains 'buy' on UMS Integration; target $2.92.

DBS maintains 'buy' on UMS Integration with a $2.92 target; RHB raises AIMS APAC REIT TP to $1.70; CGSI upgrades Hong Leong Asia to 'add' with TP...

Singapore Market Roundup

Singapore Market Roundup (05-May-2026): OCBC, CGSI lower MLT targets; await China portfolio

OCBC and CGSI lower MLT target prices, awaiting China's stability. RHB raises Sheng Siong to $3.45; DBS upgrades SIA Engineering to 'buy' but...

Singapore Market Roundup

Asian Equities: Higher Earnings Estimates, Lower Stock Prices - Nine Notable Sectors

​Asian earnings are remarkably resilient. Consensus 26 EPS est up 3% last month & 10% in past 3 months. Shares of 9 EPS gainers dropped sharply. HK...

Manishi Raychaudhuri

OIL: When a Short-Term Spike Becomes Long-Term Reality

So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the...

David Mudd

Asian earnings are remarkably resilient. Consensus 26 EPS est up 3% last month & 10% in past 3 months. Shares of 9 EPS gainers dropped sharply. HK...