Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Food Empire to remain focused on core business while planning for diversification in the near future.</li><li>HSBC raises Singtel's target price in anticipation of telecom industry consolidation, showing confidence in the company's performance.</li><li>Analysts expect strong 2H2024 earnings for PropNex and increase target price, with no cooling measures on property market anticipated.</li></ul>

Food Empire to remain focused on core business while planning for diversification in the near future.HSBC raises Singtel's target price in anticipation of telecom industry consolidation, showing confidence in the company's performance.Analysts expect strong 2H2024 earnings for PropNex and increase target price, with no cooling measures on property market anticipated.

Singapore Market Roundup (22-Jan-2025): Food Empire diversifying soon!

<ul><li>DBS may need to accelerate expansion into Malaysian market due to urgency of JS-SEZ project, according to CreditSights.</li><li>Singtel is focused on enhancing shareholder value, as confirmed by UOBKH, which also maintains a buy rating for KORE and Prime post office return mandate.</li><li>Venture Corp receives a 'buy' rating from UOB Kay Hian due to promising medium-term growth prospects, while Maybank predicts S-REIT distributions to stabilize by 2H2025 and growth in FY2026.</li></ul>

DBS may need to accelerate expansion into Malaysian market due to urgency of JS-SEZ project, according to CreditSights.Singtel is focused on enhancing shareholder value, as confirmed by UOBKH, which also maintains a buy rating for KORE and Prime post office return mandate.Venture Corp receives a 'buy' rating from UOB Kay Hian due to promising medium-term growth prospects, while Maybank predicts S-REIT distributions to stabilize by 2H2025 and growth in FY2026.

Singapore Market Roundup (21-Jan-2025): DBS must accelerate Malaysia expansion due to JS-SEZ urgency - CreditSights

<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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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

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 (22-Jan-2025): Food Empire diversifying soon!

Food Empire, Singtel, PropNex, DBS, KORE, Prime, Venture Corp seen as strong buys with target price increases and growth opportunities by analysts...

Singapore Market Roundup

Singapore Market Roundup (21-Jan-2025): DBS must accelerate Malaysia expansion due to JS-SEZ urgency - CreditSights

DBS urged to accelerate expansion into Malaysia as Singtel aims to enhance shareholder value, UOBKH maintains buy ratings for KORE and Prime,...

Singapore Market Roundup

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)

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