Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Singtel is considering raising their FY2025 ebit growth guidance to mid-to-high teens, attributed to successful cost cutting efforts according to CGSI.</li><li>IG forecast predicts OCBC stock may reach $19 and UOB may rise to $39.90. RHB increases Centurion's target price and earnings due to higher rate assumptions.</li><li>CGSI maintains 'add' rating for Genting Singapore despite slow tourism recovery. However, DBS and RHB cut CDLHT's target price due to Singapore hotel oversupply.</li></ul>

Singtel is considering raising their FY2025 ebit growth guidance to mid-to-high teens, attributed to successful cost cutting efforts according to CGSI.IG forecast predicts OCBC stock may reach $19 and UOB may rise to $39.90. RHB increases Centurion's target price and earnings due to higher rate assumptions.CGSI maintains 'add' rating for Genting Singapore despite slow tourism recovery. However, DBS and RHB cut CDLHT's target price due to Singapore hotel oversupply.

Singapore Market Roundup (05-Feb-2025): Singtel may raise FY2025 ebit growth guidance.

<ul><li>CGSI maintains buy rating on Genting Singapore despite slow tourism recovery, indicating confidence in long-term prospects.</li><li>DBS and RHB lower CDLHT target price due to Singapore hotel oversupply, reflecting concerns about industry saturation.</li><li>Market may be overreacting to Digital Core REIT's Linton Hall data centre, according to DBS, suggesting potential undervaluation.</li></ul>

CGSI maintains buy rating on Genting Singapore despite slow tourism recovery, indicating confidence in long-term prospects.DBS and RHB lower CDLHT target price due to Singapore hotel oversupply, reflecting concerns about industry saturation.Market may be overreacting to Digital Core REIT's Linton Hall data centre, according to DBS, suggesting potential undervaluation.

Singapore Market Roundup (04-Feb-2025): CGSI keeps buy rating on Genting S'pore despite tourism outlook.

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

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Equity Bottom-Up

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<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

<ul><li>Singapore received over 9 million tourist arrivals from the start of 2023 to end August, a 204.5% year-on-year increase.</li><li>The 10 most actively traded stocks in the tourism and hospitality sectors have booked net institutional inflows of S$2 million, and returned an average 2.3% total returns in the year-to-date ending 21 Sep.</li><li>International visitor arrivals to Singapore in August dipped slightly to 31 million in August, due to seasonality and after school holidays.</li></ul>

Singapore received over 9 million tourist arrivals from the start of 2023 to end August, a 204.5% year-on-year increase.The 10 most actively traded stocks in the tourism and hospitality sectors have booked net institutional inflows of S$2 million, and returned an average 2.3% total returns in the year-to-date ending 21 Sep.International visitor arrivals to Singapore in August dipped slightly to 31 million in August, due to seasonality and after school holidays.

Tourism & Hospitality stocks poised to benefit from F1 and large scale events in coming months

<ul><li>Share buybacks by primary listed companies 25 - 31 Aug 2023 UOB again led the share buyback consideration tally, buying back 360,000 shares at an average price of S$28.41 per share, followed by Olam Group which bought back 3.25 million shares at an average price of S$1.25 per share.</li><li>Between Aug 28 and 31, SunMoon Food Company non-independent and non-executive director Song XiaoJun acquired 2,055,500 shares at an average price of S$0.02 per share.</li></ul>

Share buybacks by primary listed companies 25 - 31 Aug 2023 UOB again led the share buyback consideration tally, buying back 360,000 shares at an average price of S$28.41 per share, followed by Olam Group which bought back 3.25 million shares at an average price of S$1.25 per share.Between Aug 28 and 31, SunMoon Food Company non-independent and non-executive director Song XiaoJun acquired 2,055,500 shares at an average price of S$0.02 per share.

Directors of agri-food and F&B companies raise their stakes

Singapore

Genting Singapore Limited, through its subsidiaries, develops resort properties as well as operates casinos. The Company has casinos and integrated resorts in different parts of the world, including Australia, the Americas, Malaysia, the Philippines and the United Kingdom.

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Genting Singapore (GENS SP)

Singapore Market Roundup (05-Feb-2025): Singtel may raise FY2025 ebit growth guidance.

Singtel may raise FY2025 ebit growth guidance, OCBC and UOB stocks may rise, Centurion's target price increased, Genting Singapore 'add' rating...

Singapore Market Roundup

Singapore Market Roundup (04-Feb-2025): CGSI keeps buy rating on Genting S'pore despite tourism outlook.

CGSI maintains buy on Genting Singapore despite slow tourism recovery; DBS and RHB lower CDLHT target price; market may be overreacting to Digital...

Singapore Market Roundup

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)

Tourism & Hospitality stocks poised to benefit from F1 and large scale events in coming months

Singapore received over 9 million tourist arrivals from the start of 2023 to end August, a 204.5% year-on-year increase. The 10 most actively...

Singapore Exchange Ltd (SGX)

Directors of agri-food and F&B companies raise their stakes

Share buybacks by primary listed companies 25 - 31 Aug 2023 UOB again led the share buyback consideration tally, buying back 360,000 shares at an...

Singapore Exchange Ltd (SGX)

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