Broker Name: Lim & Tan Securities
Date of Report: 25 May 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Geo Energy Resources (RE4):
Action: BUY
Target Price: S\$0.93 (Current: S\$0.50)
Upside: 86%
Key Idea: Despite recent share price decline, fundamentals remain strong with ongoing production, logistics, and customer relationships. Elevated coal prices and upcoming MBJ infrastructure (valued at US\$1.5bn, above current market cap) further enhance growth prospects. The stock is materially undervalued and recommended for BUY. - UI Boustead REIT:
Action: Accumulate
Target Price: S\$1.03 (Current: S\$0.78)
Upside: 32%
Key Idea: Co-investment in a build-to-suit aerospace facility at Seletar Aerospace Park, leased for 22.5 years to a global aerospace tenant. Attractive yield on cost at 8.6% compared to portfolio yield. Project increases portfolio resilience and sector exposure. Maintain Accumulate rating.
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