Broker Name: Lim & Tan Securities
Date of Report: 4 March 2026
Excerpt from Lim & Tan Securities report.
- Report Summary:
- UMS Integration Limited posted higher profits for FY2025, with revenue up 4% and net profit before tax rising 7%. The Board rewarded shareholders with a final dividend, and the company remains financially strong, continuing to generate positive net cash flow.
- ASL Marine reported a strong 1HFY26 earnings beat, driven by robust ship repair and chartering segments, and announced a surprise interim dividend. Deleveraging is on track with asset sales, supporting further re-rating and increased shareholder returns.
- Institutional and retail fund flow data is presented for Singapore-listed companies, showing sector trends and top buy/sell stocks for the week of 23 Feb 2026.
- Macro market news highlights robust forward EPS growth in the US for 2026, but notes continued softness in the housing sector despite lower rates.
- Dividend announcements and share buybacks for various Singapore companies are listed, reflecting ongoing shareholder returns.
- Lim & Tan maintains an Accumulate rating on UMS, with a consensus target price implying over 20% upside, and raises the target price for ASL Marine due to structural growth and balance sheet improvements.
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/
