Broker Name: Lim & Tan Securities
Date of Report: 25 May 2026
Excerpt from Lim & Tan Securities report
Report Summary
- Geo Energy Resources (RE4.SI):
Action: BUY
Target Price: S\$0.93
Key Idea: Stock is materially undervalued, with strong fundamentals and benefit from elevated coal prices. Consensus target price implies 86% upside. MBJ infrastructure valuation alone exceeds current market cap.
Implication: Despite a sharp decline in share price, Geo Energy’s fundamentals remain strong and the stock is significantly undervalued. Maintain BUY recommendation. - UI Boustead REIT (CMOU.SI):
Action: Accumulate
Target Price: S\$1.03
Key Idea: Attractive yield on cost (8.6%), long lease tenure (22.5 years), and strong presence in Singapore’s aerospace hub. Consensus target price implies 32% upside.
Implication: The new aerospace facility development will enhance portfolio resilience and value accretion. Maintain Accumulate rating.
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
