Key Indices
Top Stories
Company Results | Huationg Global (HUAGL SP/BUY/S$0.555/Target: S$0.88)
- Huationg's 1H26 revenue of S$198m (+64% yoy) beat expectations by 10% on a 58% surge in civil engineering revenue, but S$8.6m earnings missed on higher diesel/fuel costs, with margins seen recovering in 2H26 as fuel costs normalise and are reimbursed. We maintain BUY, but lower the target price to S$0.88 following our earnings revision, pegged to a lower 10x 2026F PE.
Market Spotlight
- US stocks were higher on Tuesday, with all indices rising as information technology, communication services and materials sectors rose. There were more advancers than decliners on the NYSE.
- The FSSTI rose 55.22 points to 5,735.68, supported by strength in Singtel, DBS and OCBC Bank; Both mid- and small-cap indices fell, with a broad market advance on S$1.69b turnover.
Technical Analysis
Singapore Exchange (SGX SP)
- Trading Buy Range: S$25.27-25.28
Riverstone (RSTON SP)
- Trading Sell Range: S$0.810-0.815
Top Stories
Company Results | Huationg Global (HUAGL SP/BUY/S$0.555/Target: S$0.88)
- Huationg's 1H26 revenue of S$198m (+64% yoy) beat expectations by 10% on a 58% surge in civil engineering revenue, but S$8.6m earnings missed on higher diesel/fuel costs, with margins seen recovering in 2H26 as fuel costs normalise and are reimbursed. We maintain BUY, but lower the target price to S$0.88 following our earnings revision, pegged to a lower 10x 2026F PE.
Market Spotlight
- US stocks were higher on Tuesday, with all indices rising as information technology, communication services and materials sectors rose. There were more advancers than decliners on the NYSE.
- The FSSTI rose 55.22 points to 5,735.68, supported by strength in Singtel, DBS and OCBC Bank; Both mid- and small-cap indices fell, with a broad market advance on S$1.69b turnover.
Technical Analysis
Singapore Exchange (SGX SP)
- Trading Buy Range: S$25.27-25.28
Riverstone (RSTON SP)
- Trading Sell Range: S$0.810-0.815
Key Indices
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