Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>RHB predicts strong earnings growth for SGX in 1HFY2025 with interim DPS of 17.5 cents, indicating positive performance ahead.</li><li>DBS issues special dividend as UOB plans share buyback, showcasing strong financial health and confidence in future prospects.</li><li>CGSI forecasts DBS's 4QFY2024 net profit at $2.7 billion and quarterly dividend rising to 60 cents, suggesting continued profitability.</li></ul>

RHB predicts strong earnings growth for SGX in 1HFY2025 with interim DPS of 17.5 cents, indicating positive performance ahead.DBS issues special dividend as UOB plans share buyback, showcasing strong financial health and confidence in future prospects.CGSI forecasts DBS's 4QFY2024 net profit at $2.7 billion and quarterly dividend rising to 60 cents, suggesting continued profitability.

Singapore Market Roundup (16-Jan-2025): RHB predicts strong 1HFY2025 earnings growth for SGX.

<ul><li>RHB predicts SGX will experience strong earnings growth in 1HFY2025, with a 17.5 cents interim DPS.</li><li>CGSI forecasts DBS's 4QFY2024 net profit to reach $2.7 bil, expecting dividend to rise to 60 cents.</li><li>UOBKH sees potential in US office S-REITs for investors and projects increased revenue and adjusted patmi for SGX in 1HFY2025.</li></ul>

RHB predicts SGX will experience strong earnings growth in 1HFY2025, with a 17.5 cents interim DPS.CGSI forecasts DBS's 4QFY2024 net profit to reach $2.7 bil, expecting dividend to rise to 60 cents.UOBKH sees potential in US office S-REITs for investors and projects increased revenue and adjusted patmi for SGX in 1HFY2025.

Singapore Market Roundup (15-Jan-2025): RHB predicts strong earnings growth for SGX in 1HFY2025 with 17.5 cents interim DPS.

<ul><li>CGSI raises Pan-United TP to 75 cents due to positive industry outlook, potential for growth in the market.</li><li>UOBKH reduces target price on ConfortDelGro due to rising platform fees and competition, causing concerns for future profitability.</li><li>UOBKH highlights US office S-REITs offering attractive valuations and predicts increased revenue and patmi for SGX in 1HFY2025, while RHB reaffirms 'buy' rating for Marco Polo Marine. Morningstar increases target prices for Singapore banks, suggesting a bullish outlook for the sector.</li></ul>

CGSI raises Pan-United TP to 75 cents due to positive industry outlook, potential for growth in the market.UOBKH reduces target price on ConfortDelGro due to rising platform fees and competition, causing concerns for future profitability.UOBKH highlights US office S-REITs offering attractive valuations and predicts increased revenue and patmi for SGX in 1HFY2025, while RHB reaffirms 'buy' rating for Marco Polo Marine. Morningstar increases target prices for Singapore banks, suggesting a bullish outlook for the sector.

Singapore Market Roundup (14-Jan-2025): CGSI raises Pan-United TP to 75 cents for industry outlook.

<ul><li>DBS recommends Sea due to Shopee's promising growth from live commerce and AI investments</li><li>Digital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBS</li><li>UOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China</li></ul>

DBS recommends Sea due to Shopee's promising growth from live commerce and AI investmentsDigital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBSUOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

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>Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200 shares at an average price of S$0.49 per share.</li><li>Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.</li></ul>

Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200 shares at an average price of S$0.49 per share.Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.

Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest

Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

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UOB (UOB SP)

Singapore Market Roundup (16-Jan-2025): RHB predicts strong 1HFY2025 earnings growth for SGX.

RHB predicts strong earnings growth for SGX in 1HFY2025, while DBS issues special dividend, UOB plans share buyback, and CGSI predicts positive...

Singapore Market Roundup

Singapore Market Roundup (15-Jan-2025): RHB predicts strong earnings growth for SGX in 1HFY2025 with 17.5 cents interim DPS.

RHB predicts strong earnings growth for SGX in 1HFY2025, while DBS issues special dividend and UOB announces share buyback ahead of FY2024 results...

Singapore Market Roundup

Singapore Market Roundup (14-Jan-2025): CGSI raises Pan-United TP to 75 cents for industry outlook.

CGSI raises Pan-United TP, UOBKH reduces ConfortDelGro target price, UOBKH touts US office S-REITs, predicts SGX growth, RHB bullish on Marco Polo...

Singapore Market Roundup

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

DBS favors Sea for growth, Digital Core REIT for opportunities, and local bank stocks OCBC and UOB; UOB Kay Hian updates on REITs and Seatrium,...

Singapore Market Roundup

Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest

Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200...

Singapore Exchange Ltd (SGX)

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