In today’s briefing:
- OMH: Terminating Coverage
- New Substantial Shareholders in ISOTeam, Rex International & Hiap Seng Industries
- 30 Singapore Stocks Through the Lens of a US Small Cap Value ETF
- REIT Watch – S-REITs earnings season kicks off, with 37 trusts scheduled to report their results in coming weeks

OMH: Terminating Coverage
- Ohmyhome Ltd(OMH) Company Sponsored Research Report
New Substantial Shareholders in ISOTeam, Rex International & Hiap Seng Industries
- Institutions were net buyers of Singapore stocks with a net inflow of S$334 million from July 18 to 24.
- Four primary-listed companies conducted share buybacks totaling S$29.8 million, led by United Overseas Bank’s repurchase of 800,000 shares.
- Ginko-AGT Global Growth Fund increased its stake in ISOTeam, acquiring 5,986,600 shares at S$0.086 each.
30 Singapore Stocks Through the Lens of a US Small Cap Value ETF
- American Century Investment increased its stake in Rex International to over 5% through the AVDV ETF, holding 5.3% of Rex’s shares.
- The AVDV ETF targets small-cap stocks in non-US developed markets, focusing on low valuations and strong profitability.
- In 2025, 22 of 30 SGX-listed stocks in the AVDV ETF saw increased average daily turnover compared to 2024.
REIT Watch – S-REITs earnings season kicks off, with 37 trusts scheduled to report their results in coming weeks
- Sabana REIT’s DPU increased 26.9% year-on-year to S$0.017 in H1 2025, driven by higher revenue and NPI.
- Digital Core REIT maintained a stable DPU of US$0.018 in H1 2025, with 1.8 million units repurchased.
- OUE REIT’s DPU rose 5.4% in H1 2025, aided by a 17.3% reduction in finance costs.
