Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Wilmar International may have passed its worst phase.</li><li>RHB downgrades Keppel REIT to neutral following Australian retail acquisition news.</li><li>OCBC: ST Engineering's growth is intact, but its risk-reward is now balanced.</li></ul>

Wilmar International may have passed its worst phase.RHB downgrades Keppel REIT to neutral following Australian retail acquisition news.OCBC: ST Engineering's growth is intact, but its risk-reward is now balanced.

Singapore Market Roundup (09-Oct-2025): Wilmar International may have overcome its toughest times.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/resonac-holdings-corp" target="_blank" data-smartkarma-citation="entities:1496:1" rel="noopener">Resonac Holdings (4004 JP)</a> is worth more than ¥200/share over the medium-term. But expect this <a href="https://www.smartkarma.com/entities/crasus-chemical" target="_blank" data-smartkarma-citation="entities:58630:1" rel="noopener">Crasus Chemical (646A JP)</a> spinoff to create trading and accumulation opportunities in the near future.</li>
<li>
<a href="https://www.smartkarma.com/entities/tokio-marine-holdings-inc" target="_blank" data-smartkarma-citation="entities:7591:1" rel="noopener">Tokio Marine (8766 JP)</a> reportedly identified <a href="https://www.smartkarma.com/entities/suncorp-group-ltd" target="_blank" data-smartkarma-citation="entities:4218:1" rel="noopener">Suncorp (SUN AU)</a>. It's a clean play after selling Suncorp Bank to ANZ. <a href="https://www.smartkarma.com/entities/insurance-australia-group-ltd" target="_blank" data-smartkarma-citation="entities:712:1" rel="noopener">IAG (IAG AU)</a> is now cleaner after settling the Greensill litigation.</li>
<li>
<a href="https://www.smartkarma.com/entities/legend-holdings-corporation-class-h" target="_blank" data-smartkarma-citation="entities:517:1" rel="noopener">Legend Holdings (3396 HK)</a> remains deeply valued. It is now seeking to offload its 90% stake in Banque Internationale à Luxembourg for ~HK$23bn. </li>
</ul>



Resonac Holdings (4004 JP) is worth more than ¥200/share over the medium-term. But expect this Crasus Chemical (646A JP) spinoff to create trading and accumulation opportunities in the near future.

Tokio Marine (8766 JP) reportedly identified Suncorp (SUN AU). It's a clean play after selling Suncorp Bank to ANZ. IAG (IAG AU) is now cleaner after settling the Greensill litigation.

Legend Holdings (3396 HK) remains deeply valued. It is now seeking to offload its 90% stake in Banque Internationale à Luxembourg for ~HK$23bn. 


Last Week In Event SPACE: Resonac, Tokio Marine/Suncorp/IAG, Legend, Chery Automobile

<ul><li>ST Engineering is seen as a 'high-quality' and 'defensive' growth stock by RHB.</li><li>7-Eleven's ready-to-eat options may lead to a re-rating for DFI Retail.</li><li>KGI Securities keeps $2 target price on AEM Holdings post Intel-Nvidia deal.</li></ul>

ST Engineering is seen as a 'high-quality' and 'defensive' growth stock by RHB.7-Eleven's ready-to-eat options may lead to a re-rating for DFI Retail.KGI Securities keeps $2 target price on AEM Holdings post Intel-Nvidia deal.

Singapore Market Roundup (23-Sep-2025): RHB views ST Engineering as a high-quality growth stock.

<ul>
<li>OCBC: REIT spin-off is a positive move for Boustead.</li>
<li>CDG's prequalification for Copenhagen Metro boosts profile; CityCab deal may add EPS.</li>
<li>DBS increases AEM target price to $2.10, citing Intel-Nvidia collaboration.</li>
</ul>


OCBC: REIT spin-off is a positive move for Boustead.
CDG's prequalification for Copenhagen Metro boosts profile; CityCab deal may add EPS.
DBS increases AEM target price to $2.10, citing Intel-Nvidia collaboration.


Singapore Market Roundup (19-Sep-2025): OCBC Views Boustead's REIT Spin-Off as a Positive Step.

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Vantage has raised $1.6 billion in funding from ADIA and GIC, enhancing its financial position.</li><li>The company has also finalized the acquisition of Yondr Johor, expanding its operational footprint.</li><li>Bain Capital sold its China data center for $3.9 billion, while UOL Group sold a Singapore mall for $292 million.</li></ul>

Vantage has raised $1.6 billion in funding from ADIA and GIC, enhancing its financial position.The company has also finalized the acquisition of Yondr Johor, expanding its operational footprint.Bain Capital sold its China data center for $3.9 billion, while UOL Group sold a Singapore mall for $292 million.

Asia Real Estate Tracker (12-Sep-2025): Vantage secures $1.6B investment; confirms Johor deal.

Singapore

UOL Group is a leading Singapore-listed property and hospitality company with a diversified portfolio of development and investment properties, hotels, and serviced suites. The company develops residential units, commercial offices, shopping malls, and operates hotels under brands like Pan Pacific and PARKROYAL. UOL Group Limited was founded in 1963 and is headquartered in Singapore.

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UOL Group (UOL SP)

Singapore Market Roundup (09-Oct-2025): Wilmar International may have overcome its toughest times.

Wilmar International may have improved, while RHB downgrades Keppel REIT to neutral after its Australian acquisition. OCBC sees ST Engineering's...

Singapore Market Roundup

Last Week In Event SPACE: Resonac, Tokio Marine/Suncorp/IAG, Legend, Chery Automobile

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Singapore Market Roundup (23-Sep-2025): RHB views ST Engineering as a high-quality growth stock.

RHB views ST Engineering as a 'high-quality' growth stock. 7-Eleven's offerings may boost DFI Retail, while KGI maintains a $2 target for AEM...

Singapore Market Roundup

Singapore Market Roundup (19-Sep-2025): OCBC Views Boustead's REIT Spin-Off as a Positive Step.

OCBC sees Boustead's REIT spin-off positively; CDG's Copenhagen Metro prequalification enhances its profile; DBS raises AEM target price to $2.10...

Singapore Market Roundup

Asia Real Estate Tracker (12-Sep-2025): Vantage secures $1.6B investment; confirms Johor deal.

Vantage raised $1.6 billion from ADIA and GIC, acquired Yondr Johor, while Bain Capital sold a China data center for $3.9 billion, and UOL Group...

Asia Real Estate Tracker

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