Excerpt from Lim & Tan Securities report.

Report Summary

• Singapore’s FSSTI Index remained resilient, with top performing sectors including gold, property, and select industrials.
• CNMC Goldmine is highlighted as a top pick due to record-high gold prices, plant expansion, and improved margins, though faces tax-related headwinds. Lim & Tan reiterates a BUY with S\$1.53 target price.
• Singapore property counters (like CDL, Hongkong Land, UOL) are unlocking value through asset sales, redevelopments, and capital recycling, benefiting from softer rates and government reforms. CDL’s share price is now above consensus target, so the broker maintains a HOLD.
• Regional market news includes Renault and Chery discussing manufacturing collaborations in South America, and BCA Research favouring US equities tactically over Europe due to AI-driven resilience and shifting growth momentum.
• Institutional investors were net buyers in Singapore equities for the week, while retail investors were net sellers. Sector flows show strong institutional interest in Industrials, Real Estate, and Technology.
• The report provides updates on major share buybacks, insider transactions, dividends, and upcoming earnings events for SGX-listed 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