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UOB Kay Hian’s (UOBKH) Jonathan Koh is maintaining his "overweight" call on REITs, specifically those with data centre (DC) focused portfolios.
Koh notes that the advent of generative artificial intelligence (AI) and large language models has caused a dramatic shift in the data centre landscape, due to AI’s requirement of high-performance computing with massive parallel processing and vast storage.
DBS Group Research (DBS) analysts Chee Zheng Feng and Andy Sim have a fair value estimate of between $2.35 and $3.01 on Food Empire Holdings, with the midpoint being $2.68.
Avi-Tech has reported earnings of $663,000 for the FY2025 ended June 30, marking a 76.4% y-o-y plunge from FY2024’s $2.81 million.
Earnings per share (EPS) for the period came in at 0.39 cents on a diluted basis.
In FY2025, the group reported a total revenue of $21.6 million, a decline of $3.5 million or 13.9% y-o-y from $25.1 million in the same period a year ago.
Micro Mechanics has reported earnings of $12.4 million for the FY2025 ended June 30, a 54.2% y-o-y improvement from $8.04 million in the same period last year.
The group’s revenue increased 12.6% y-o-y to $65.2 million for the FY2025, while gross profit similarly grew 18.5% y-o-y to $32.2 million. For the period, Micro Mechanics’ gross profit margin improved to 49.4% from 47.0% in FY2024.
The Shanghai Index has been in a steady uptrend since the start of April. Five months later, market commentators have finally noticed.
Last week, many were breathlessly announcing that the Chinese market is rising. This week, they are sternly warning that the Chinese market is in a bubble. To prove this, they trot out the same gloomy statistics of housing, population and obscure economic figures that they have promoted for the past 20 years to forecast the collapse of the Chinese economy.
CGS International’s (CGSI) Natalie Ong and Lim Siew Khee are resuming coverage on US-listed China Yuchai International with an “add” call and a hiked target price of US$39.50 ($50.75) from US$13.30 previously.
China Yuchai, a subsidiary of SGX-listed Hong Leong Asia, manufactures high-horsepower (HHP) engines inhouse via its subsidiary Guangxi Yuchai Machinery (GYMCL) and joint venture (JV) MTU Yuchai.
Geraldine Wong and Derek Tan of DBS Group Research have joined fellow analysts in turning more bullish on CapitaLand Integrated Commercial Trust (CICT).
With prospects of higher distribution thanks to acquisitions and asset enhancements, they have kept their “buy” call on the REIT, along with a higher target price of $2.50, up from $2.30.
“The largest integrated commercial S-REIT is well positioned to ride the upcycle in Singapore’s office and retail markets,” say Wong and Tan in their Aug 25 note.
Global investment-grade (IG) corporate bonds are offering some of the most attractive yields in over a decade, making them an increasingly compelling option for investors seeking to reinforce defensive allocations in their portfolios.
As at the end of June, global IG corporates provided a yield of around 5.2% on a USD-hedged basis, a level historically correlated with future five-year returns in the mid-to-high single digits.
In VP Bank’s market outlook for the second half of 2025, Felix Brill, chief investment officer, highlights a cautiously constructive perspective amid ongoing global uncertainty. Despite persistent volatility and geopolitical disruptions, markets have remained surprisingly resilient, demonstrating adaptability amid shifting economic conditions.
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