Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>AEM rises for second day; DBS raises target to $3.30, Maybank upgrades to 'buy'.</li><li>Brokers' Digest: Marco Polo, iFAST, UHREIT, Addvalue, SGX, BRC Asia, SIA Eng, ISOTeam, Starhub</li><li>Analysts maintain 'neutral' stance on Sembcorp post FY2025 results.</li></ul>

AEM rises for second day; DBS raises target to $3.30, Maybank upgrades to 'buy'.Brokers' Digest: Marco Polo, iFAST, UHREIT, Addvalue, SGX, BRC Asia, SIA Eng, ISOTeam, StarhubAnalysts maintain 'neutral' stance on Sembcorp post FY2025 results.

Singapore Market Roundup (27-Feb-2026): AEM up 2nd day; DBS targets $3.30, Maybank upgrades to

<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.

<ul><li>DBS keeps 'buy' rating and 45¢ target price on OUE REIT post-Salesforce Tower deal.</li><li>DBS downgrades StarHub to 'fully valued'; recovery expected post-FY2027.</li><li>Maybank's Toh keeps 'buy' rating and 75¢ target for Soon Hock after FY2025 earnings rise.</li></ul>

DBS keeps 'buy' rating and 45¢ target price on OUE REIT post-Salesforce Tower deal.DBS downgrades StarHub to 'fully valued'; recovery expected post-FY2027.Maybank's Toh keeps 'buy' rating and 75¢ target for Soon Hock after FY2025 earnings rise.

Singapore Market Roundup (25-Feb-2026): DBS maintains 'buy' rating, 45¢ target on OUE REIT

<ul><li>StarHub's weak FY2026 outlook prompts DBS review; Morningstar cites overvaluation.</li><li>IFAST shares fall despite strong 4QFY2025 earnings; DBS keeps 'buy' at $12.</li><li>DBS, BofA, and UOB keep 'buy' rating on Singtel after a strong 3QFY2026.</li></ul>

StarHub's weak FY2026 outlook prompts DBS review; Morningstar cites overvaluation.IFAST shares fall despite strong 4QFY2025 earnings; DBS keeps 'buy' at $12.DBS, BofA, and UOB keep 'buy' rating on Singtel after a strong 3QFY2026.

Singapore Market Roundup (13-Feb-2026): StarHub's weak FY2026 outlook triggers DBS review, says

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)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

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

<ul><li>Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.</li><li>In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.</li><li>These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.</li></ul>

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Singapore

StarHub is a Singaporean multinational telecommunications conglomerate that provides mobile, broadband internet, pay TV, and enterprise solutions including cybersecurity, cloud services, data analytics, IoT, and robotics. Headquartered in Singapore, the company was founded on May 7, 1998.

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StarHub (STH SP)

Singapore Market Roundup (27-Feb-2026): AEM up 2nd day; DBS targets $3.30, Maybank upgrades to

AEM gains for a second day; DBS raises target to $3.30, Maybank upgrades to 'buy'. Analysts keep 'neutral' stance on Sembcorp after FY2025 results.

Singapore Market Roundup

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

Singapore Market Roundup (25-Feb-2026): DBS maintains 'buy' rating, 45¢ target on OUE REIT

DBS maintains 'buy' on OUE REIT with a 45¢ target, downgrades StarHub to 'fully valued', while Maybank's Toh keeps 'buy' on Soon Hock with a 75¢...

Singapore Market Roundup

Singapore Market Roundup (13-Feb-2026): StarHub's weak FY2026 outlook triggers DBS review, says

StarHub's weak FY2026 outlook leads to a DBS review; IFAST shares drop despite strong earnings. DBS, BofA, and UOB maintain 'buy' on Singtel.

Singapore Market Roundup

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region. In Singapore,...

Singapore Exchange Ltd (SGX)

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