Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>DBS upgrades PropNex &amp; APAC Realty to 'buy' citing strong pipeline of new launches in 2025.</li><li>DBS maintains neutral stance on SG stocks, predicts STI at 3,950 by 2025.</li><li>DBS maintains 'buy' rating on GVT, raises target price to $1.04 due to improved front-end opportunities. Maybank considers more share buybacks from Singtel, downplays benefits of consolidation.</li></ul>

DBS upgrades PropNex &amp; APAC Realty to 'buy' citing strong pipeline of new launches in 2025.DBS maintains neutral stance on SG stocks, predicts STI at 3,950 by 2025.DBS maintains 'buy' rating on GVT, raises target price to $1.04 due to improved front-end opportunities. Maybank considers more share buybacks from Singtel, downplays benefits of consolidation.

Singapore Market Roundup (07-Jan-2025): DBS upgrades PropNex & APAC to 'buy' on strong new launches in 2025.

<ul><li>DBS predicts Singapore's STI to reach 3,950 points by 2025 and maintains a 'neutral' stance on SG stocks.</li><li>DBS maintains a 'buy' rating on GVT and raises its target price to $1.04, citing improved front-end opportunities.</li><li>Maybank considers increasing its holdings in Singtel, downplaying the benefits of consolidation in the telecommunications sector.</li></ul>

DBS predicts Singapore's STI to reach 3,950 points by 2025 and maintains a 'neutral' stance on SG stocks.DBS maintains a 'buy' rating on GVT and raises its target price to $1.04, citing improved front-end opportunities.Maybank considers increasing its holdings in Singtel, downplaying the benefits of consolidation in the telecommunications sector.

Singapore Market Roundup (06-Jan-2025): DBS predicts 2025 STI at 3,950 points.

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)

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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.

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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

<ul><li>Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.</li><li>ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.</li></ul>

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.

Banks lead Q3 2023 net institutional inflow

Keppel Infrastructure Trust / Equity Bottom-Up

<ul><li>OCBC, CapitaLand Investment, UOBKH lead buyback tally OCBC led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.74 per share, followed by CapitaLand Investment, which bought back two million shares at an average price of S$3.03 per share.</li><li>This was due mainly to the increase in revenue from hotel operations of S$34.7 million and rental of investment properties of S$2.3 million.</li></ul>

OCBC, CapitaLand Investment, UOBKH lead buyback tally OCBC led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.74 per share, followed by CapitaLand Investment, which bought back two million shares at an average price of S$3.03 per share.This was due mainly to the increase in revenue from hotel operations of S$34.7 million and rental of investment properties of S$2.3 million.

OCBC, CapitaLand Investment, UOBKH Lead Buyback Tally

Singapore

Venture Corporation Limited provides contract manufacturing services to electronics companies worldwide.  The Company also provides manufacturing, design, engineering, customization, and logistic services.  Venture Corporation trades and manufactures electronics and computer-related products, develops and markets color imaging products for label printing.

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Venture Corp (VMS SP)

Singapore Market Roundup (07-Jan-2025): DBS upgrades PropNex & APAC to 'buy' on strong new launches in 2025.

DBS upgrades PropNex & APAC Realty to 'buy', predicts STI at 3,950 by 2025; maintains 'buy' rating on GVT with $1.04 target price, while Maybank...

Singapore Market Roundup

Singapore Market Roundup (06-Jan-2025): DBS predicts 2025 STI at 3,950 points.

DBS predicts STI at 3,950 in 2025, maintains 'neutral' on SG stocks, raises GVT target to $1.04; Maybank considers buying more Singtel shares.

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)

Banks lead Q3 2023 net institutional inflow

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct...

Singapore Exchange Ltd (SGX)

OCBC, CapitaLand Investment, UOBKH Lead Buyback Tally

OCBC, CapitaLand Investment, UOBKH lead buyback tally OCBC led the share buyback consideration tally, buying back 1.2 million shares at an average...

Singapore Exchange Ltd (SGX)

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