Key Indices
Top Stories
Company Results | Soon Hock Enterprise (SHOCK SP/BUY/S$0.59/Target: S$0.66)
- SHE reported 1H26 revenue of S$142.6m and PATMI of S$19.3m, representing 56% and 41% of our full-year forecasts respectively. Earnings were below estimates due to higher-than-expected expenses. Skye@Tuas remains the key near-term earnings driver, while its broader development pipeline provides visibility through 2029. Maintain BUY with a lower target price of S$0.66, implying approximately 12% potential upside.
Market Spotlight
- US stocks were lower on Friday, with all indices sliding as the consumer discretionary, healthcare and energy sectors fell. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI rose 54.25pt to 5,801.96, on the back of strength in DBS, SIA and OCBC Bank, with both mid- and small-cap indices rising with a broad market advance on S$1.91b turnover.
Technical Analysis
Singapore Telecommunications (ST SP)
- Trading Buy Range: S$4.48-4.49
Venture (VMS SP)
- Trading Buy Range: S$16.70-16.71
Top Stories
Company Results | Soon Hock Enterprise (SHOCK SP/BUY/S$0.59/Target: S$0.66)
- SHE reported 1H26 revenue of S$142.6m and PATMI of S$19.3m, representing 56% and 41% of our full-year forecasts respectively. Earnings were below estimates due to higher-than-expected expenses. Skye@Tuas remains the key near-term earnings driver, while its broader development pipeline provides visibility through 2029. Maintain BUY with a lower target price of S$0.66, implying approximately 12% potential upside.
Market Spotlight
- US stocks were lower on Friday, with all indices sliding as the consumer discretionary, healthcare and energy sectors fell. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI rose 54.25pt to 5,801.96, on the back of strength in DBS, SIA and OCBC Bank, with both mid- and small-cap indices rising with a broad market advance on S$1.91b turnover.
Technical Analysis
Singapore Telecommunications (ST SP)
- Trading Buy Range: S$4.48-4.49
Venture (VMS SP)
- Trading Buy Range: S$16.70-16.71
Key Indices
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