Key Indices
Top Stories
Company Results | Pan-United Corporation (PAN SP/BUY/S$1.53/Target: S$1.88)
- Pan-United’s 1H26 revenue and earnings beat expectations by 6% and 4%, respectively, supported by strong RMC volume growth and improved operating efficiencies. The company declared an interim dividend of 1.5 S cents (+50% yoy), implying a 60% payout ratio for 2026. We maintain BUY and raise our target price from S$1.42 to S$1.88, based on an unchanged 17x 2027F PE.
Market Spotlight
- US stocks were lower on Wednesday, with all indices falling as healthcare, communication services and consumer discretionary sectors fell. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 14.09 points to 5,721.59, with weakness in DBS and OCBC Bank. Both mid- and small-cap indices fell with a broad market decline on S$1.61b turnover.
Technical Analysis
Venture Corp (VMS SP) Page 6
- Trading Buy Range: S$16.75-16.77
LHN (LHN SP)
- Trading Buy Range: S$0.555-0.560
Top Stories
Company Results | Pan-United Corporation (PAN SP/BUY/S$1.53/Target: S$1.88)
- Pan-United’s 1H26 revenue and earnings beat expectations by 6% and 4%, respectively, supported by strong RMC volume growth and improved operating efficiencies. The company declared an interim dividend of 1.5 S cents (+50% yoy), implying a 60% payout ratio for 2026. We maintain BUY and raise our target price from S$1.42 to S$1.88, based on an unchanged 17x 2027F PE.
Market Spotlight
- US stocks were lower on Wednesday, with all indices falling as healthcare, communication services and consumer discretionary sectors fell. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 14.09 points to 5,721.59, with weakness in DBS and OCBC Bank. Both mid- and small-cap indices fell with a broad market decline on S$1.61b turnover.
Technical Analysis
Venture Corp (VMS SP) Page 6
- Trading Buy Range: S$16.75-16.77
LHN (LHN SP)
- Trading Buy Range: S$0.555-0.560
Key Indices
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