Broker Name: Lim & Tan Securities
Date of Report: 18 March 2026
Excerpt from Lim & Tan Securities report.
- US stocks rebounded slightly after several days of losses, while the FSSTI ended flat but remains up 6.2% year to date.
- Centurion Corp delivered FY25 results in line with expectations, with revenue up 17% and core profit up 9%; management confidence was signaled by insider share purchases and a special distribution of CAREIT units, bringing the implied yield to ~8.9%.
- Centurion’s asset-light strategy and expansion in dormitory capacity, including new markets and development projects, position it for long-term growth despite a forecasted drop in earnings for FY26F due to lower stake in CAREIT.
- Marco Polo Marine secured a landmark 15-year emergency towage and salvage contract in Taiwan worth about S\$118 million, providing stable long-term earnings and expanding its marine services portfolio.
- China’s financial regulators are stepping up support for the property sector, with China Vanke seeking to extend bank loans amid ongoing liquidity pressures.
- BCA Research suggests AI and robotics could drive global GDP but lower real wages for human workers, with commodity and land/resource owners benefiting most.
- Recent institutional and retail fund flow data for Singapore stocks show net buying by retail investors and net selling by institutions; key sector and stock transaction highlights are provided.
- List of upcoming ex-dividend dates and payouts for major Singapore-listed companies included.
Report Summary
- Centurion Corp and Marco Polo Marine delivered notable operational and financial updates, with both companies showing strategic growth and capital management initiatives.
- Macro updates highlight support for China property, AI-driven economic shifts, and recent fund flow trends in Singapore equities.
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
