Key Indices
Top Stories
Company Results | Reclaims Global (RGL SP/BUY/S$0.20/Target: S$0.27)
- Reclaims’ 1HFY27 revenue of S$33.3m and net profit of S$3.8m formed 62% and 56% of our FY27 forecasts respectively, driven by stronger demand across all segments. Reclaims’ S$25m orderbook, largely comprising earthworks projects, provides earnings visibility through 1HFY28. Maintain BUY with an unchanged target price of S$0.27. Reclaims currently trades at 8.8x 2027F PE, a 15% discount to peers.
Asian Gems Corporate Highlights | UI Boustead REIT (UIBREIT SP/BUY/S$0.835/Target: S$1.16)
- Management is confident of meeting FY27 IPO DPU forecast of 6.8 S cents due to a ramp-up in occupancy, lease renewals and stronger contributions from JVs. ALICE@Mediapolis and 351 Braddell Road could provide a rental uplift in 2HFY27. Maintain BUY. Target price: S$1.16.
Market Spotlight
- US stocks were higher on Friday. All indices rose as the information technology, industrials and financials sectors gained. There were more advancers than decliners on both the NYSE and Nasdaq.
- The FSSTI fell 26.54pt to 5,683.37, on the back of weakness in OCBC, DBS and Singtel, with both mid-and smallcap indices falling with a broad market decline on S$1.81b turnover.
Technical Analysis
Singapore Post (SPOST SP)
- Trading Buy Range: S$0.305-0.310
Frasers Centrepoint Trust (FCT SP)
- Trading Sell Range: S$2.07-2.08
Top Stories
Company Results | Reclaims Global (RGL SP/BUY/S$0.20/Target: S$0.27)
- Reclaims’ 1HFY27 revenue of S$33.3m and net profit of S$3.8m formed 62% and 56% of our FY27 forecasts respectively, driven by stronger demand across all segments. Reclaims’ S$25m orderbook, largely comprising earthworks projects, provides earnings visibility through 1HFY28. Maintain BUY with an unchanged target price of S$0.27. Reclaims currently trades at 8.8x 2027F PE, a 15% discount to peers.
Asian Gems Corporate Highlights | UI Boustead REIT (UIBREIT SP/BUY/S$0.835/Target: S$1.16)
- Management is confident of meeting FY27 IPO DPU forecast of 6.8 S cents due to a ramp-up in occupancy, lease renewals and stronger contributions from JVs. ALICE@Mediapolis and 351 Braddell Road could provide a rental uplift in 2HFY27. Maintain BUY. Target price: S$1.16.
Market Spotlight
- US stocks were higher on Friday. All indices rose as the information technology, industrials and financials sectors gained. There were more advancers than decliners on both the NYSE and Nasdaq.
- The FSSTI fell 26.54pt to 5,683.37, on the back of weakness in OCBC, DBS and Singtel, with both mid-and smallcap indices falling with a broad market decline on S$1.81b turnover.
Technical Analysis
Singapore Post (SPOST SP)
- Trading Buy Range: S$0.305-0.310
Frasers Centrepoint Trust (FCT SP)
- Trading Sell Range: S$2.07-2.08
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
