Key Indices
Top Stories
Company Results | ASL Marine (ASL SP/BUY/S$0.30/Target: S$0.41)
- ASL’s FY26 earnings are in line with expectations, supported by stronger margins and lower finance costs. Ship chartering was the main growth driver, while ship repair remained a resilient core contributor. The stronger balance sheet and lower gearing have improved financial flexibility, while infrastructure-linked activity should support demand in FY27. Maintain BUY with a lower target price of S$0.41.
Market Spotlight
- US stocks were lower on Tuesday, with all indices sliding as the consumer discretionary, industrials and materials sectors fell. There were more decliners than advancers on both NYSE and NASDAQ.
- The FSSTI fell 44.99 points to 5,710.37, on the back of weakness in DBS, Singtel and OCBC Bank, with both midand small-cap indices falling with a broad market decline on a S$2.08b turnover.
Technical Analysis
Hong Fok Corp (HFC SP)
- Trading Buy Range: S$0.880-0.885
Singapore Tech Engineering (STE SP)
- Trading Sell Range: S$10.60-10.61
Top Stories
Company Results | ASL Marine (ASL SP/BUY/S$0.30/Target: S$0.41)
- ASL’s FY26 earnings are in line with expectations, supported by stronger margins and lower finance costs. Ship chartering was the main growth driver, while ship repair remained a resilient core contributor. The stronger balance sheet and lower gearing have improved financial flexibility, while infrastructure-linked activity should support demand in FY27. Maintain BUY with a lower target price of S$0.41.
Market Spotlight
- US stocks were lower on Tuesday, with all indices sliding as the consumer discretionary, industrials and materials sectors fell. There were more decliners than advancers on both NYSE and NASDAQ.
- The FSSTI fell 44.99 points to 5,710.37, on the back of weakness in DBS, Singtel and OCBC Bank, with both midand small-cap indices falling with a broad market decline on a S$2.08b turnover.
Technical Analysis
Hong Fok Corp (HFC SP)
- Trading Buy Range: S$0.880-0.885
Singapore Tech Engineering (STE SP)
- Trading Sell Range: S$10.60-10.61
Key Indices
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