LHN reported solid 3Q23 operating metrics with stable rental rates and improving occupancy for its Collwoo projects. Meanwhile, its facilities management, ...

UMS’ key customer AMAT raised its 4Q23 revenue and profit guidance which should benefit UMS as AMAT’s inventory levels should be depleted at a faster rate, ...

Singtel has entered into a strategic partnership with KKR to divest up to 20% of its regional data centre (RDC) business for SGD1.1b. This values the RDC ...

With key customers ASML and AMAT raising their revenue forecasts, we believe it’s Singapore and Malaysia factory utilisation should benefit from a recovery in ...

We visited FEH’s Vietnam operations on 29-30 Aug’23 and came away with a more positive outlook for FEH. We forecast FEH’s sales in Vietnam to grow by around ...

FCT announced divestment of Changi City Point for SGD338m, approx. 4% above valuation and implying 4.31% exit yield based on FY22 net property income. FCT will ...

In the recent Singtel Investor Day management re-iterated its commitment to improve ROIC to low double-digits by FY26 (FY23: 8%) by: a) increasing cost ...

2H23 net profit rose 4.4% YoY to AUD29.4m, roughly in line with our and market expectations. This took FY23 earnings to AUD57.7m (+13.6% YoY) at 103% of ...

We visited Aztech’s factory and R&D centre in Dongguan (DG) and Shenzhen on 24 and 25 Aug’23 and came away more positive. It’s one of the rare few factories in ...

We attended QNM’s post-results briefing for an update. While its core healthcare business remains resilient, this was offset by weakening MYR for its Malaysian ...

On 17 Aug, CSE said it secured 3 major contracts worth SGD47.5m, two for electrification solutions in the US. We are bullish as the US is undergoing an ...

1Q24 PATMI of SGD483m (-23% YoY) missed our/consensus expectations, achieving 20% of FY24 forecasts. The drop was mainly attributed to net exceptional loss ...

1QFY24 PAT rose 2.1% YoY to SGD28.24m, ahead of MIBG/consensus expectations, accounting for 27%/26% of the respective FY24 forecasts. Bottomline increase was ...

SGX’s FY23 core-earnings were ahead of MIBG/Street expectations. Its diversification away from cash equities towards a multi-asset strategy is delivering ...

2Q23 PATMI of SGD45.7m (+39.3% QoQ) validates our earlier view that CD has turned the corner and is in the midst of an upturn. 1H net profit grew 36% HoH to ...

UMS 1H23 PATMI of SGD29m came in below our and consensus estimates. It has renewed its Integrated System contract with its existing customer until end-2025 and ...

FEH 1H23 PATMI declined by 1.6% to USD26.6m and formed 55% of our FY23 forecast. This exceeded both MIBG/consensus estimates and came despite a forex YoY ...

2Q23 came in lower than our and consensus estimates and they lowered its FY23 revenue guidance to SGD460 to SGD490m. We adjust our NPAT for FY23/24E down by 82% ...

Frencken reported a much better 2Q23 with PATMI of SGD6.9m, 32% higher QoQ and ahead of our and consensus estimates at 54% and 55%. We expect performance have ...

We tactically upgrade CLI to BUY from HOLD on favourable risk-reward. While the deal making environment is difficult, the rebounding lodging business, steady ...