Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>OCBC downgrades UOB to 'hold' due to new high share price, signaling potentially limited growth opportunities.</li><li>CGSI reinitiates coverage on Food Empire, sets ambitious new target price at $1.43, indicating strong growth potential.</li><li>UOB Kay Hian raises Digital Core REIT's target price to 99 US cents and maintains 'buy' on SingPost, with positive outlook for both companies.</li></ul>

OCBC downgrades UOB to 'hold' due to new high share price, signaling potentially limited growth opportunities.CGSI reinitiates coverage on Food Empire, sets ambitious new target price at $1.43, indicating strong growth potential.UOB Kay Hian raises Digital Core REIT's target price to 99 US cents and maintains 'buy' on SingPost, with positive outlook for both companies.

Singapore Market Roundup (10-Jan-2025): OCBC downgrades UOB to 'hold'.

<ul><li>UOB Kay Hian raises Digital Core REIT TP to 99 US cents, highlighting positive developments in the company.</li><li>UOB Kay Hian maintains 'buy' rating on SingPost, stating that divestments are progressing as planned.</li><li>DBS notes that despite a soft Singapore retail sector, premium groceries have long-term potential for growth. UOB Kay Hian also reveals top Malaysian stock picks in property, construction, and energy sectors.</li></ul>

UOB Kay Hian raises Digital Core REIT TP to 99 US cents, highlighting positive developments in the company.UOB Kay Hian maintains 'buy' rating on SingPost, stating that divestments are progressing as planned.DBS notes that despite a soft Singapore retail sector, premium groceries have long-term potential for growth. UOB Kay Hian also reveals top Malaysian stock picks in property, construction, and energy sectors.

Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.

<ul><li>Despite softness in Singapore retail, DBS remains optimistic about premium groceries, focusing on that market.</li><li>UOB Kay Hian's top Malaysian stock picks include JS-SEZ, benefiting from property, construction, and energy sectors.</li><li>DBS raises ratings for PropNex &amp; APAC Realty to 'buy', citing a strong new launch pipeline in 2025, and sold SingPost shares.</li></ul>

Despite softness in Singapore retail, DBS remains optimistic about premium groceries, focusing on that market.UOB Kay Hian's top Malaysian stock picks include JS-SEZ, benefiting from property, construction, and energy sectors.DBS raises ratings for PropNex &amp; APAC Realty to 'buy', citing a strong new launch pipeline in 2025, and sold SingPost shares.

Singapore Market Roundup (08-Jan-2025): DBS cautious on SG retail, bullish on premium groceries.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>2024 marked our ninth year covering Equity Capital Markets in Asia-Pacific. In 2024, IPO volumes were mainly driven by India, even as Hong Kong showed signs of turning a corner.</li>
<li>We ended 2024 with an accuracy rate of 79.4% across 68 IPOs that we covered and 68.8% across 109 placements.</li>
<li>For those not familiar with our coverage, we aim to cover all IPOs and placements with a minimum deal size of US$100m across Asia-Pacific, including China ADRs.</li>
</ul>


2024 marked our ninth year covering Equity Capital Markets in Asia-Pacific. In 2024, IPO volumes were mainly driven by India, even as Hong Kong showed signs of turning a corner.
We ended 2024 with an accuracy rate of 79.4% across 68 IPOs that we covered and 68.8% across 109 placements.
For those not familiar with our coverage, we aim to cover all IPOs and placements with a minimum deal size of US$100m across Asia-Pacific, including China ADRs.


Aequitas 2024 IPOs and Placements Performance Review-India Driving Volumes as HK Shows Signs of Life

<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.

Singapore

UOB-Kay Hian Holdings Limited is an investment holding company whose subsidiaries provide management services.  The Company provides stock broking, futures broking, investment trading, nominee services, margin financing, and research activities.

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UOB Kay Hian Holdings (UOBK SP)

Singapore Market Roundup (10-Jan-2025): OCBC downgrades UOB to 'hold'.

OCBC downgrades UOB to 'hold', CGSI reinitiates coverage on Food Empire, UOB Kay Hian raises Digital Core REIT target price and maintains 'buy' on...

Singapore Market Roundup

Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.

UOB Kay Hian raises Digital Core REIT TP, maintains 'buy' on SingPost, highlights potential in premium groceries; DBS notes soft retail sector and...

Singapore Market Roundup

Singapore Market Roundup (08-Jan-2025): DBS cautious on SG retail, bullish on premium groceries.

DBS remains optimistic about premium groceries despite softness in Singapore retail, UOB Kay Hian recommends JS-SEZ for property, construction, and...

Singapore Market Roundup

Aequitas 2024 IPOs and Placements Performance Review-India Driving Volumes as HK Shows Signs of Life

2024 marked our ninth year covering Equity Capital Markets in Asia-Pacific. We had an accuracy rate of 79.4% for IPOs and 68.8% for placements in...

Sumeet Singh

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

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