Top Stories
Company Update | Beng Kuang Marine (BKM SP/BUY/S$0.485/Target: S$0.750)
BKM’s management recently highlighted the group's growth strategy. ASOM recently secured S$85.2m in new contracts in 1H26, lifting group orderbook to S$70.7m as at end-Jun 26. Maintain BUY with an unchanged target price of S$0.75, pegged to 14x 2027F PE. We expect BKM’s deepening FPSOs exposure and strong orderbook to support re-rating potential.
Market Spotlight
- US stocks were lower on Friday, with all indexes falling as the communication services, consumer discretionary and information technology sectors slid with more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 29.95 points to 5,509.43, supported by weakness in Seatrium and DBS, with both mid- and small-cap indices falling with a broad market decline on a S$2.10 b turnover.
Technical Analysis
Hongkong Land Holdings | HKL SP
Trading Buy Range: S$7.61-7.62
Parkway Life Real Estate Investment Trust | PREIT SP
Trading Buy Range: S$4.14-4.15
Top Stories
Company Update | Beng Kuang Marine (BKM SP/BUY/S$0.485/Target: S$0.750)
BKM’s management recently highlighted the group's growth strategy. ASOM recently secured S$85.2m in new contracts in 1H26, lifting group orderbook to S$70.7m as at end-Jun 26. Maintain BUY with an unchanged target price of S$0.75, pegged to 14x 2027F PE. We expect BKM’s deepening FPSOs exposure and strong orderbook to support re-rating potential.
Market Spotlight
- US stocks were lower on Friday, with all indexes falling as the communication services, consumer discretionary and information technology sectors slid with more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI fell 29.95 points to 5,509.43, supported by weakness in Seatrium and DBS, with both mid- and small-cap indices falling with a broad market decline on a S$2.10 b turnover.
Technical Analysis
Hongkong Land Holdings | HKL SP
Trading Buy Range: S$7.61-7.62
Parkway Life Real Estate Investment Trust | PREIT SP
Trading Buy Range: S$4.14-4.15
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