Report Summary

• Frasers Centrepoint Trust (FCT SP)
  Action: BUY (Maintained)
  Target Price: S\$3.06
  Most Important Idea: FCT delivered solid 1HFY26 results with portfolio occupancy improving to 99.8%. Northpoint City contributed 31% of group NPI. Suburban malls remain resilient due to household income growth and limited supply. Conservative capital management with extended debt maturity, two-thirds hedged to fixed rates, and comfortable leverage. AEI at NEX expected to boost ROI and DPU forecasts raised.
• iFAST Corporation (IFAST SP)
  Action: BUY (Maintained)
  Target Price: S\$11.77
  Most Important Idea: iFAST reported a strong 1Q26 PATMI (+47.3% yoy) and record-high AUA of S\$32.64b. China AUA doubled yoy. Interim dividend raised, management reaffirmed 2026 payout guidance. Vision 2030 targets S\$100b AUA, with scalable growth across wealth, pension, and banking segments.
• Suntec REIT (SUN SP)
  Action: BUY (Maintained)
  Target Price: S\$1.71
  Most Important Idea: Suntec REIT posted strong 1Q26 DPU growth (+23.9% yoy), driven by JV income and lower debt costs. High occupancy and positive rental reversions in Singapore office and retail portfolios. Elevated leverage, but ongoing asset recycling and potential tussle for control by Hongkong Land could add positive momentum.
• Frencken Group (FRKN SP)
  Action: Trading Buy
  Target Price: S\$2.98
  Most Important Idea: Strong bullish momentum with price trading well above cloud and MACD rising. Technical upside to S\$2.98, stop-loss at S\$2.46.
• Medtecs International Corp (MED SP)
  Action: Trading Buy
  Target Price: S\$0.128
  Most Important Idea: Price rebounding with RSI above neutral, upside target S\$0.128, stop-loss at S\$0.115.