Broker: Maybank Research Pte Ltd
Date of Report: 20 March 2026
Excerpt from Maybank Research Pte Ltd report.
- Addvalue Technologies is exploring a potential US listing to unlock higher valuations for its IDRS business, after securing new orders and maintaining a strong orderbook; it remains a top pick in the SMID sector with a BUY rating.
- Marco Polo Marine was awarded a significant SGD118m contract in Taiwan, expanding into emergency response and salvage services, with insider share purchases validating the positive outlook; BUY maintained.
- Seatrium signed a multi-year agreement with Royal Caribbean Group for fleet maintenance, ensuring sustained workload for its Singapore yards.
- Hongkong Land Holdings acquired a substantial stake in Suntec REIT to focus on prime Singapore assets, increasing its influence over major commercial properties.
- United Overseas Bank grew its sustainable financing portfolio by 21% to SGD70.1b, driven by demand for green projects and supporting SMEs in their transition to greener models.
- Choo Chiang Holdings has applied for transfer to the SGX Mainboard to enhance prestige and liquidity, subject to approvals.
- Cosco Shipping International updated that construction for JILH Phase II is progressing as planned, with minimal disruption to operations.
Report Summary
The report highlights positive corporate developments and contract wins for several Singapore-listed companies, including Addvalue Technologies’ potential US listing, Marco Polo Marine’s long-term contract, and Seatrium’s partnership with Royal Caribbean, reflecting an optimistic outlook for these stocks.
Notable sector moves include Hongkong Land’s strategic investment in Suntec REIT, UOB’s expansion in sustainable finance, and Choo Chiang’s planned mainboard transfer, signaling continued growth and transformation within Singapore’s corporate landscape.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website: https://www.maybank.com
