$DHT Holdings Inc(DHT)$ 30 Target Price. --DHT Holdings Inc. Overview-- DHT is the world's largest independent VLCC owner — 3 vessels delivered in Q1-2026, 1 more coming in Q4-2026 with total market cap of $3B. --Growth Catalysts for DHT Holdings (NYSE: DHT)-- 1). Fleet Renewal + Tighter Supply - *4 newbuild VLCCs scheduled for 2026* — first 3 (DHT Gazelle, Addax, etc.) already contributing. Q1-2026 revenue is $157.4M beats EBITDA $133.3M, with profit margin 84.7% (i.e.+97% YoY ). - Total payments for VLCC new-built program is $444.2M by March 31, remaining ∼$77.5M balance deficit only. - Strategy: Sold older tonnage at huge gains — DHT Europe + China sold for $95M cash, $60M gain in Q1-2026. DHT Bauhinia agreed $51.5M sale, $34.2M gain attained at
$Hong Fok(H30.SI)$ 1.35 Target Price. Hong Fok is a Singapore property developer + landlord with a prime but under-monetised portfolio. It's trading at ~S$0.97, market cap ~S$791M, at a *deep discount to RNAV* — historically ∼60% — so catalysts are more about value unlocking than fast earnings growth. --Growth Catalysts for Hong Fok(H30)-- *1. Prime Recurring Income Portfolio* About 70% of portfolio value is in 3 assets: - *The Concourse* (Beach Road) — Office tower. Book cost ~S$1,885 psf vs recent Beach Road site breakeven ~S$2,600 psf. Rental upside as Grade A office supply stays tight. - *International Building* (Orchard Road) — Prime Orchard office/retail, book cost ~S$1,855 psf. - *YOTEL Singapore Orchard Road* — Hotel that doubled
$ST Engineering(S63.SI)$ $11.50 Target Price. ST Engineering is Singapore's foundational grit, the unyielding fortress guarding our sovereign defence and soaring global aerospace hubs. ST Engineering: The Applied AI and Defence Shield ST Engineering was born out of absolute necessity for national defence following Singapore's independence. It has scaled into a multi billion dollar global powerhouse. The group drives its massive global operations through 4 core business divisions: 1. Commercial Aerospace: A world leading player in commercial aircraft maintenance, repair and overhaul together with passenger to freighter conversions. 2. Defence and Public Security: The foundational armour of Singapore, deliver
$ST Engineering(S63.SI)$ $11.30 Target Price. *ST Engineering (SGX: S63)* is in a multi-year re-rating. The stock is up ∼102% in 2025 and another ∼29% YTD in 2026, but analysts still see growth because of this: *1. Record Order Book = Multi-Year Visibility* - *S$35.7B order book* at end-June 2026 — new record high, up from S$32.6B at end-2025 and S$28.5B in FY24. - *S$5.7B to be delivered in 2H 2026 alone.* - 1Q26 wins: *S$4.8B* in new contracts. 1H26 DPS alone won S$3.6B. - This is not one-off — it's backlog across all 3 segments. *2. Defence & Public Security (DPS) — Largest Segment, 43% of Revenue* The global defence upcycle is the core driver. - 1H26 revenue *+7% YoY to S$2.82B*, EBIT +10% to S$404M. - *In
$SS SPDR STI ETF(ES3.SI)$ $6.5 Target Price. --ES3 Overview-- STI ETF acts as the grand archway to Singapore's economy. It does not chase speculative tech hype. It anchors your wealth into the physical infrastructure of South East Asia's best companies. STI ETF packs the 30 largest and most liquid Singapore blue chips into a single transaction. It is a matured cash flowing machine tailored for local investors who value ironclad stability and a steady stream of domestic income. Expense ratio is 0.30% --Growth Catalysts for ES3--- The Golden Harvest: For income focused investors, STI ETF pays a dividend yield of 3.07% every 6 months. Top Holdings: The STI ETF is heavily weighted toward the 3 big Sin
$AEM SGD(AWX.SI)$ $14 Target Price. --Overview of AEM Holdings (AWX.SI)-- AEM is described as Singapore's largest independent semiconductor test-equipment player, supplying burn-in, wafer test and system-level test (SLT) equipment aimed at AI high-performance chips, and one of the few local firms with in-house equipment R&D capability . The industry logic behind this: as AI chips get larger, pin counts surge and HBM stacking layers increase, single-chip test time lengthens sharply, and high-end test interfaces shift from a "durable device" to a high-frequency consumable. When leading vendors start locking up probe card and test socket capacity at premium prices, it signals the AI hardware bottleneck has migrat
$AEM SGD(AWX.SI)$ $14 Target Price. --Overview of AEM Holdings (AWX.SI)-- AEM is described as Singapore's largest independent semiconductor test-equipment player, supplying burn-in, wafer test and system-level test (SLT) equipment aimed at AI high-performance chips, and one of the few local firms with in-house equipment R&D capability . The industry logic behind this: as AI chips get larger, pin counts surge and HBM stacking layers increase, single-chip test time lengthens sharply, and high-end test interfaces shift from a "durable device" to a high-frequency consumable. When leading vendors start locking up probe card and test socket capacity at premium prices, it signals the AI hardware bottleneck has m
$NetLink NBN Tr(CJLU.SI)$ $1.5 Target Price *NetLink NBN Trust (SGX: CJLU)* — Singapore's fiber monopoly — is a defensive yield play, ideal as a income generating stock from it's 5% dividend yield. Growth Catalyst for NetLink (CJLU) *1. National 10Gbps Upgrade Cycle* The biggest near-term catalyst. - IMDA is investing up to *S$100M* to upgrade the NBN to *10Gbps* (10x current speeds). NetLink is working with telcos to roll this out from *now to 2026*. - Target: *>500k households* on 10Gbps by 2028. Means more fiber deployment work, higher connection fees, and future cyber-security proofing. ### *2. Non-RAB (Non-Regulated) Revenue — The Actual Growth Engine* Regulated residential fiber revenue was consistent in