Broker Name: Lim & Tan Securities
Date of Report: 01 December 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- Singapore’s FSSTI index closed at 4,524.0, up 19.4% year-to-date, with global markets generally higher.
- LHN Limited posted a strong FY2025, with adjusted profit before tax rising 33.4% to S\$45.7m and revenue up to S\$131.5m. Growth was led by space optimisation, property development, and facilities management. The company increased its total dividend to 4.0 Singapore cents, and the Coliwoo co-living business spin-off raised S\$101m.
- Marco Polo Marine’s FY2025 revenue was almost flat at S\$122.8m, with higher margins from ship chartering offsetting a shipyard revenue drop. Notable profit surge was driven by reversals of impairment losses and strong chartering demand, with a robust order book and major new contracts in specialised vessel construction and wind energy services.
- Institutional investors were net sellers (S\$299.8m) while retail investors were net buyers (S\$368.0m) for the week of 17 Nov 2025. Sector flows showed strong retail buying in financials and industrials, while institutions reduced exposure to financials, REITs, and telcos.
- Macro outlook: US economic data signals slowing growth and easing price pressures, supporting a defensive stance. US equities are seen as overvalued; China is expected to outperform its emissions targets, though analysts call its policies conservative.
- Dividend and buyback activity is active across major Singapore-listed companies, with several ex-dividend dates and buyback mandates highlighted.
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
