Excerpt from Lim & Tan Securities report.

Report Summary

• Stoneweg Europe Stapled Trust (SERT) invested €50m in AiOnX, a European data centre platform, via a mandatory convertible loan (MCL), providing a 7.25% annual cash coupon and potential equity upside. SERT aims to increase data centre exposure to 15–25% amid strong demand for AI and cloud infrastructure.
• Hong Leong Asia (HLA) achieved a 28.5% increase in FY2025 profit and 22% revenue growth, driven by Powertrain Solutions and Building Materials. HLA focuses on innovation, sustainability, and digitalisation, and proposes a 25% higher dividend. Both SERT and HLA are rated “Accumulate” due to attractive valuations and fundamentals.
• Chinese biotech firms are rapidly closing the gap with the US in drug innovation, with more novel drug candidates and increasing recognition from global regulators.
• Market highlights: FSSTI index remains resilient, commodities like crude oil and palm oil see strong gains, and institutional investors show selective net buys and sells in major Singapore stocks.
• Upcoming dividend distributions for key Singapore-listed companies are listed, and sectoral fund flows show retail investors as net buyers while institutions are net sellers for the week.

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