Broker: Maybank Research Pte Ltd
Date of Report: 4 November 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Sheng Siong Group is expected to maintain strong growth due to resilient domestic demand, new store openings, and market share gains, with earnings forecasts raised and a reiterated BUY rating.
- iFAST Corporation is initiated with a BUY; the company is positioned for multi-year growth driven by digital banking turnaround, Hong Kong e-Pension rollout, and macro inflows, with AUA projected to reach record highs.
- PC Partner is moving its headquarters to Singapore and delisting from HKEX as a strategic move.
- Seatrium is divesting non-core assets to enhance capital efficiency, selling its subsidiary GNL for USD59.7m.
- Clearbridge Health has launched an adult immune cell banking business targeting Southeast Asia and Hong Kong, using an asset-light model with immediate revenue potential.
- CapitaLand Investment responded to merger speculation with Mapletree Investments, stating it does not comment on rumors and remains focused on long-term value.
- The report includes standard disclaimers, definitions of ratings, and legal entity disclosures for various countries where Maybank operates.
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 website : https://www.maybank.com
