Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Mixed feelings about Genting Singapore.</li>
<li>Maybank upgrades SIA to 'hold'; DBS and UOB Kay Hian raise target prices.</li>
<li>DBS Group Research keeps 'buy' on Stoneweg Europe Stapled Trust, raises target price.</li>
</ul>


Mixed feelings about Genting Singapore.
Maybank upgrades SIA to 'hold'; DBS and UOB Kay Hian raise target prices.
DBS Group Research keeps 'buy' on Stoneweg Europe Stapled Trust, raises target price.


Singapore Market Roundup (26-Feb-2026): Conflicted feelings about Genting Singapore.

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

<ul><li>CGSI raises DBS target price above $60, joining Citi and Maybank.</li><li>RHB raises OCBC's target price by 7% but remains ‘neutral’ post 3QFY2025 results.</li><li>RHB maintains DBS as 'buy' and UOB as 'neutral' after 3QFY2025 results.</li></ul>

CGSI raises DBS target price above $60, joining Citi and Maybank.RHB raises OCBC's target price by 7% but remains ‘neutral’ post 3QFY2025 results.RHB maintains DBS as 'buy' and UOB as 'neutral' after 3QFY2025 results.

Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi,

Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

<ul>
<li>Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability.</li>
<li>Singapore’s advantage in e -commerce lies in its dense logistics network and limited industrial land.</li>
<li>Every online order ends with a digital payment, and this layer generates steady revenue for service providers.</li>
</ul>


Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability.
Singapore’s advantage in e -commerce lies in its dense logistics network and limited industrial land.
Every online order ends with a digital payment, and this layer generates steady revenue for service providers.


<ul>
<li>OCBC raises Golden Agri-Resources target price amid strong palm oil prices.</li>
<li>CGS International raises ISOTeam target price amid upcoming drone deployment.</li>
<li>UOBKH maintains 'sell' on SIA, raises target to $6.05, cites Air India impact.</li>
</ul>


OCBC raises Golden Agri-Resources target price amid strong palm oil prices.
CGS International raises ISOTeam target price amid upcoming drone deployment.
UOBKH maintains 'sell' on SIA, raises target to $6.05, cites Air India impact.


Singapore Market Roundup (18-Sep-2025): OCBC Boosts Golden Agri Target Price Due to Strong Palm

Singapore

Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. It offers national and international postal services, warehousing, fulfillment, international freight forwarding, and last-mile delivery, alongside mail delivery, post office services, and financial services. Headquartered in Paya Lebar, Singapore, the company traces its origins to 1858.

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Singapore Post (SPOST SP)

Singapore Market Roundup (26-Feb-2026): Conflicted feelings about Genting Singapore.

Genting Singapore faces mixed feelings. Maybank upgrades SIA to 'hold'; DBS and UOB Kay Hian raise target prices. DBS maintains 'buy' on Stoneweg...

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

Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi,

CGSI raises DBS target price above $60, joining Citi and Maybank. RHB lifts OCBC's target by 7% but stays ‘neutral’; maintains DBS as 'buy' and UOB...

Singapore Market Roundup

E -Commerce in Singapore

Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability. Singapore’s...

ICAM

Singapore Market Roundup (18-Sep-2025): OCBC Boosts Golden Agri Target Price Due to Strong Palm

OCBC raises Golden Agri-Resources target price due to strong palm oil prices; CGS ups ISOTeam target with drone plans; UOBKH keeps 'sell' on SIA,...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (26-Feb-2026): Conflicted feelings about Genting Singapore.

Genting Singapore faces mixed feelings. Maybank upgrades SIA to 'hold'; DBS and UOB Kay Hian raise target prices. DBS maintains 'buy' on Stoneweg...

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

Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi,

CGSI raises DBS target price above $60, joining Citi and Maybank. RHB lifts OCBC's target by 7% but stays ‘neutral’; maintains DBS as 'buy' and UOB...

Singapore Market Roundup

E -Commerce in Singapore

Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability. Singapore’s...

ICAM

Singapore Market Roundup (18-Sep-2025): OCBC Boosts Golden Agri Target Price Due to Strong Palm

OCBC raises Golden Agri-Resources target price due to strong palm oil prices; CGS ups ISOTeam target with drone plans; UOBKH keeps 'sell' on SIA,...

Singapore Market Roundup

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