Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Chew raises TeleChoice target price to 27.5 cents due to mobile logistics growth.</li><li>RHB's Yeo maintains 'buy' on HRnetGroup, raises target price to 83 cents.</li><li>Wong raises FEHT target price to 75 cents on tourism recovery and value potential.</li></ul>

Chew raises TeleChoice target price to 27.5 cents due to mobile logistics growth.RHB's Yeo maintains 'buy' on HRnetGroup, raises target price to 83 cents.Wong raises FEHT target price to 75 cents on tourism recovery and value potential.

Singapore Market Roundup (17-Mar-2026): Chew raises TeleChoice target to 27.5 cents on growth.

<ul><li>CGSI keeps 'add' on Oiltek, lowers target to 94 cents due to reduced revenue.</li><li>Chew of PhillipCapital increases Geo Energy's target price to 75 cents.</li><li>ST Engineering and Addvalue benefit from defense trends, says Maybank.</li></ul>

CGSI keeps 'add' on Oiltek, lowers target to 94 cents due to reduced revenue.Chew of PhillipCapital increases Geo Energy's target price to 75 cents.ST Engineering and Addvalue benefit from defense trends, says Maybank.

Singapore Market Roundup (16-Mar-2026): CGSI maintains 'add' rating on Oiltek, target at 94 cents.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>In <a href="https://www.smartkarma.com/insights/nwd-17-hk-edging-towards-a-bailout" target="_blank" data-smartkarma-citation="insights:238341" rel="noopener">NWD (17 HK): Edging Towards A Bailout</a>, I mentioned <a href="https://www.smartkarma.com/entities/new-world-development-co-ltd" target="_blank" data-smartkarma-citation="entities:7037:1" rel="noopener">New World Development (17 HK)</a> was reportedly in negotiations with the Hong Kong Airport Authority on its 11 Skies project.</li>
<li>In its FY26 results, ahead of the national holiday, NWD posted an HK$18.3bn writedown as part of an early termination agreement of the project with the AAHK.</li>
<li>NWD was expected to pay rent on 11 Skies of at least HK$1.8bn/annum from 2028 through to 2066; therefore, there is some consolation here from the termination.</li>
</ul>


In NWD (17 HK): Edging Towards A Bailout, I mentioned New World Development (17 HK) was reportedly in negotiations with the Hong Kong Airport Authority on its 11 Skies project.
In its FY26 results, ahead of the national holiday, NWD posted an HK$18.3bn writedown as part of an early termination agreement of the project with the AAHK.
NWD was expected to pay rent on 11 Skies of at least HK$1.8bn/annum from 2028 through to 2066; therefore, there is some consolation here from the termination.


<ul>
<li>A consortium comprising <a href="https://www.smartkarma.com/entities/csi-properties-limited" target="_blank" data-smartkarma-citation="entities:13028:1" rel="noopener">CSI Properties (497 HK)</a>, <a href="https://www.smartkarma.com/entities/asia-standard-international-group-limited" target="_blank" data-smartkarma-citation="entities:17128:1" rel="noopener">Asia Standard International Group (129 HK)</a>, and Cheung Chung-kiu, applied to the Town Planning Board to redevelop “Harbourside HQ”  into two residential towers.</li>
<li>The Planning Department previously indicated no objection to the application. However, Hong Kong's Town Planning Board rejected the proposal last Friday.</li>
<li>Vacancy rates for HK commercial properties remain elevated. 25% for Harbourside HQ. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic conditions rebound.</li>
</ul>


A consortium comprising CSI Properties (497 HK), Asia Standard International Group (129 HK), and Cheung Chung-kiu, applied to the Town Planning Board to redevelop “Harbourside HQ”  into two residential towers.
The Planning Department previously indicated no objection to the application. However, Hong Kong's Town Planning Board rejected the proposal last Friday.
Vacancy rates for HK commercial properties remain elevated. 25% for Harbourside HQ. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic conditions rebound.


Town Planning Board's Rezoning Rejection Is The Right Call

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

<ul>
<li>We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since its inception, it has generated a before-fee total return of 295% versus the MSCI ASEAN's  59%</li>
</ul>


We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since its inception, it has generated a before-fee total return of 295% versus the MSCI ASEAN's  59%


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 (17-Mar-2026): Chew raises TeleChoice target to 27.5 cents on growth.

Chew raises TeleChoice target to 27.5c; RHB's Yeo maintains 'buy' on HRnetGroup, target at 83c; Wong raises FEHT target to 75c on tourism recovery.

Singapore Market Roundup

Singapore Market Roundup (16-Mar-2026): CGSI maintains 'add' rating on Oiltek, target at 94 cents.

CGSI maintains 'add' on Oiltek, lowering target to 94 cents. Chew raises Geo Energy's target to 75 cents. ST Engineering and Addvalue benefit from...

Singapore Market Roundup

NWD (17 HK) Terminates Airport Mega Mall

NWD is, bit by bit, deleveraging to offset its massive debt obligations. Still too early, in my view, to be picking up shares, despite a P/B <0.1x.

David Blennerhassett

Town Planning Board's Rezoning Rejection Is The Right Call

Vacancy rates for HK commercial properties remain elevated. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic...

David Blennerhassett

The Stocks to Own in ASEAN – Vol. 53

We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine stocks added.

A. Stotz Investment Research

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