Broker: CGS International
Date of Report: September 11, 2025
Singapore Markets Surge: Bullish Momentum for LHN Ltd as Growth Prospects Accelerate

Market Recap: Inflation Eases, Rate Cut Hopes Rise, and Equities Rally

Wall Street pushed stocks to fresh all-time highs as traders cheered an unexpected decline in inflation, fueling optimism that the Federal Reserve will resume rate cuts as early as September. Producer price data released overnight showed the first month-on-month drop in four months, lowering concerns about persistent inflation and reinforcing expectations for a more accommodative monetary policy stance in 2025.
Key highlights from the overnight session:

• S&P 500 reached new historic highs, driven by robust artificial intelligence sector gains and Oracle Corp.’s explosive 36% surge on a strong cloud outlook.
• Bond markets rallied, with two-year yields falling to 3.54% as traders priced in up to three Fed rate cuts for 2025.
• The Producer Price Index (PPI) fell by 0.1% in August, with a revised lower figure for July, and a 2.6% year-on-year increase—back below the 3% threshold closely watched by economists.
• Market sentiment remains tied to upcoming consumer price data, especially the core CPI, which may shape the Fed’s policy trajectory.

LHN Ltd: Robust Growth and Bullish Technical Momentum

LHN Ltd has captured market attention with its dynamic operating performance, strategic expansion moves, and powerful technical signals. The company, a Singapore-based provider of industrial, commercial, and residential property management services, as well as logistics, is riding a wave of positive momentum both fundamentally and technically.

Key Fundamental Highlights

• Strong Operating Momentum: LHN posted solid results in 3Q25, highlighted by high occupancy rates, a rapidly growing co-living portfolio, and steady performance across all main business units.
• Strategic Corporate Actions: The Mainboard listing of Coliwoo, LHN’s co-living arm, positions the group for further expansion, M&A-driven growth, and the potential for enhanced shareholder returns.
• Valuation Uplift: The analyst maintains an “Add” rating on LHN, raising the target price to S\$1.20 (from a prior, inferred lower target), applying a 10x P/E multiple for FY27F—consistent with LHN’s 10-year historical average.

Technical Analysis: Bullish Continuation in Focus

Current Price: S\$0.93

Technical Indicators & Observations:

• LHN has gained 8% since the previous technical buy call in early August, confirming strong bullish trend continuation.
• The uptrend channel remains intact, supported by a breakout from a falling wedge/flag formation.
• Ichimoku Cloud signals are bullish across all components.
• MACD is positive and rising above the zero line; the histogram is in the green.
• Stochastic Oscillator and 23-period Rate of Change (ROC) are both trending upwards.
• Directional Movement Index reflects strong bullish momentum.
• Trading volume continues to expand healthily, supporting the price action.

About LHN Ltd

LHN Limited operates in the property management sector, offering a full suite of services across industrial, commercial, and residential real estate, as well as logistics solutions. The company’s diversified business model allows it to capture value from multiple property segments in Singapore and beyond.

Analyst View: Growth Prospects and Shareholder Value in Focus

The analyst reiterates an “Add” recommendation, citing:

• Exciting long-term growth prospects driven by continued portfolio expansion and the strong performance of its co-living business.
• The Mainboard listing of Coliwoo as a potential catalyst for further M&A activity and increased returns to shareholders.
• A valuation uplift, with the target price revised to S\$1.20, anchored by robust fundamentals and historical P/E benchmarks.

Investment Ratings Framework

Sector and Country Ratings

Conclusion: LHN Ltd Positioned for Continued Outperformance

LHN Ltd stands out in the Singapore equities landscape for its resilient business model, impressive operating momentum, and strong technical setup. With its co-living business poised for further growth and strategic initiatives such as the Coliwoo listing on track, LHN is well-placed to deliver value to shareholders. The technical and fundamental outlook both signal further upside potential, with a revised target price of S$1.20 and multiple technical indicators supporting a bullish stance. Investors seeking exposure to Singapore’s dynamic property management and co-living sector should keep LHN Ltd firmly on their radar.