Broker Name: Lim & Tan Securities
Date of Report: 17 November 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- Singapore’s FSSTI index rose 20% year-to-date, with robust market turnover and resilient performance across major indices.
- Centurion Corp reported a 12% year-on-year revenue increase to S\$208.3 million for 9M 2025, driven by high occupancy and positive rental reversions in worker and student accommodations; Malaysia portfolio expanded by 25% after an acquisition.
- Centurion trades at 10.3x forward P/E and 1.0x P/B with a 2.9% dividend yield; consensus target price offers 32% potential upside, and the outlook remains firm despite a possible FY26 dip due to asset spin-off.
- Zixin Group doubled net profit in 1H FY26, with a 40.8% surge in revenue from sweet potato products and new circular economy initiatives; strong growth expected in 2H FY26.
- Macro news highlights US stagflation risks and China’s push for overseas financial expansion amid economic and geopolitical shifts.
- Institutional investors showed net buying in Singapore markets in early November, while retail investors were net sellers; financial, telco, and technology stocks saw notable flows.
- Recent corporate actions include acquisitions, disposals, and share buybacks by several listed Singapore companies.
- Upcoming dividend and distribution dates listed for major SGX companies.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
