Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>Keppel's Bifrost cable launch may boost share prices, says CGS International.</li>
<li>Brokers' Digest: Soilbuild, CLINT, Yangzijiang, Prime US REIT, Singtel, Sanli</li>
<li>RHB favors Aspial Lifestyle for its comprehensive growth potential.</li>
</ul>


Keppel's Bifrost cable launch may boost share prices, says CGS International.
Brokers' Digest: Soilbuild, CLINT, Yangzijiang, Prime US REIT, Singtel, Sanli
RHB favors Aspial Lifestyle for its comprehensive growth potential.


Singapore Market Roundup (03-Oct-2025): Keppel's Bifrost cable launch could lift share prices,

<ul><li>Sanli poised for growth from PUB projects and Long Island tenders, says Maybank.</li><li>DBS maintains 'buy' rating on CLINT after its first asset sale post-listing.</li><li>Analysts maintain 'buy' on Singtel despite Maybank trimming TP; RHB sees opportunity.</li></ul>

Sanli poised for growth from PUB projects and Long Island tenders, says Maybank.DBS maintains 'buy' rating on CLINT after its first asset sale post-listing.Analysts maintain 'buy' on Singtel despite Maybank trimming TP; RHB sees opportunity.

Singapore Market Roundup (30-Sep-2025): Sanli set to grow from PUB projects and Long Island

<ul>
<li>PhillipCapital begins coverage on TeleChoice, rating it 'buy' with a 21.5¢ target.</li>
<li>PhillipCapital's Chan boosts Prime US REIT target price to 30 cents after placement.</li>
<li>DBS keeps $3.80 target price on Yangzijiang after $180M order cancellation.</li>
</ul>


PhillipCapital begins coverage on TeleChoice, rating it 'buy' with a 21.5¢ target.
PhillipCapital's Chan boosts Prime US REIT target price to 30 cents after placement.
DBS keeps $3.80 target price on Yangzijiang after $180M order cancellation.


Singapore Market Roundup (29-Sep-2025): PhillipCapital Rates TeleChoice 'buy'

Mid-market focused investment bank within SE Asia, Evolve Capital Advisory Pte Ltd

Evolve Capital Research

Mid-market focused investment bank within SE Asia

Evolve Capital Advisory Pte Ltd

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dezign-format-group-limited" target="_blank" data-smartkarma-citation="entities:45666:1" rel="noopener">Dezign Format Group (DFG SP)</a> is a design-and-build specialist offering experiential marketing and events management solutions, with a key focus on the MICE industry.</li>
<li>It has worked with a variety of global luxury brands and integrated resorts, with many of its projects being directly sourced rather than through open tender.</li>
<li>We initiate rated coverage on DF with a DCF-based TP of S$0.40, implying a 14.4x FY25E P/E, representing an upside of approximately 33.3%.</li>
</ul>



Dezign Format Group (DFG SP) is a design-and-build specialist offering experiential marketing and events management solutions, with a key focus on the MICE industry.
It has worked with a variety of global luxury brands and integrated resorts, with many of its projects being directly sourced rather than through open tender.
We initiate rated coverage on DF with a DCF-based TP of S$0.40, implying a 14.4x FY25E P/E, representing an upside of approximately 33.3%.


Dezign Format Initiation - Scaling Within a Niche Space

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)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

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.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

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.

DFI Retail Group Holdings / Equity Bottom-Up

<ul><li>Yangzijiang Shipbuilding secured US$920 million in new contracts for 22 vessels, boosting its 2025 orderbook to US$1.46 billion.</li><li>iFAST's UK-based iGB achieved S$1.7 million profit in 1HFY25, driven by increased customer deposits and net interest revenue.</li><li>City Developments reported S$1.7 billion revenue in 1HFY25, with significant divestment gains expected from South Beach stake sale.</li></ul>

Yangzijiang Shipbuilding secured US$920 million in new contracts for 22 vessels, boosting its 2025 orderbook to US$1.46 billion.iFAST's UK-based iGB achieved S$1.7 million profit in 1HFY25, driven by increased customer deposits and net interest revenue.City Developments reported S$1.7 billion revenue in 1HFY25, with significant divestment gains expected from South Beach stake sale.

New STI Highs Extends 2025 Total Return to 20%

Singapore

Yangzijiang Shipbuilding (Holdings) Limited builds a wide range of ships. The Company produces a wide range of commercial vessels, mini bulk carriers, multi-purpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels.

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Yangzijiang Shipbuilding (YZJSGD SP)

Singapore Market Roundup (30-Sep-2025): Sanli set to grow from PUB projects and Long Island

Sanli is set for growth from PUB projects and Long Island tenders, while DBS keeps a 'buy' on CLINT and analysts remain positive on Singtel despite...

Singapore Market Roundup

Singapore Market Roundup (29-Sep-2025): PhillipCapital Rates TeleChoice 'buy'

PhillipCapital rates TeleChoice 'buy' with a 21.5¢ target; boosts Prime US REIT target to 30¢; DBS maintains $3.80 target for Yangzijiang after...

Singapore Market Roundup

Dezign Format Initiation - Scaling Within a Niche Space

Dezign Format Group (DFG SP) is a design-and-build specialist offering experiential marketing and events management solutions, with a key focus on...

Evolve Capital Advisory Pte Ltd

New STI Highs Extends 2025 Total Return to 20%

Yangzijiang Shipbuilding secured US$920 million in new contracts for 22 vessels, boosting its 2025 orderbook to US$1.46 billion. iFAST's UK-based...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Market Roundup (03-Oct-2025): Keppel's Bifrost cable launch could lift share prices,

Keppel's Bifrost cable launch could raise share prices, while RHB recommends Aspial Lifestyle for its growth potential. Brokers' Digest: Soilbuild,...

Singapore Market Roundup

Singapore Market Roundup (30-Sep-2025): Sanli set to grow from PUB projects and Long Island

Sanli is set for growth from PUB projects and Long Island tenders, while DBS keeps a 'buy' on CLINT and analysts remain positive on Singtel despite...

Singapore Market Roundup

Singapore Market Roundup (29-Sep-2025): PhillipCapital Rates TeleChoice 'buy'

PhillipCapital rates TeleChoice 'buy' with a 21.5¢ target; boosts Prime US REIT target to 30¢; DBS maintains $3.80 target for Yangzijiang after...

Singapore Market Roundup

Dezign Format Initiation - Scaling Within a Niche Space

Dezign Format Group (DFG SP) is a design-and-build specialist offering experiential marketing and events management solutions, with a key focus on...

Evolve Capital Advisory Pte Ltd

New STI Highs Extends 2025 Total Return to 20%

Yangzijiang Shipbuilding secured US$920 million in new contracts for 22 vessels, boosting its 2025 orderbook to US$1.46 billion. iFAST's UK-based...

Singapore Exchange Ltd (SGX)