Deon Loke

Deon Loke

JOURNALIST

1219WFL
CDL HOSPITALITY TRUSTS MAKES ITS FIRST FORAY INTO THE PURPOSE-BUILT STUDENT
ACCOMMODATION (“PBSA”) SECTOR IN LIVERPOOL, UK
Benson Yard, Liverpool, UK

CDLHT posts 0.4% rise in H2 DPS to S$0.0282

Revenue for the half-year period is up 7.2 per cent at S$142.5 million

Generic image of Singapore's economic skyline

Workfare training allowance raised up to S$18,000 a year for lower-wage workers

The Workfare Skills Support (Level-Up) scheme targets lower-wage workers over 30

The revised target price represents a potential 13 per cent upside from current trading levels.
BROKERS’ TAKE

RHB lifts ST Engineering target price to S$10.70 on record contract wins

The group’s total contract awards for 2025 stand at S$18.7 billion

As the greenback weakened, the AUD/USD pair punched through key resistance levels to trade at 0.7018 at around 8.30am on Wednesday.

As the greenback dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar

The Australian dollar surges to its strongest position against the American currency in over two years

The global market also had a broad based rebound, with deal value rising 40 per cent.

South-east Asia M&A deal value drops 16% in 2025, diverging from broader Apac rebound: Bain

The broader Asia-Pacific strategic deal market has grown 33% in value

ST Engineering saw its total contract awards for 2025 reach a record S$18.7 billion, exceeding the S$12.6 billion total in 2024 by 49 per cent.

Stocks to watch: ST Engineering, Keppel, Hong Leong Asia, Sasseur Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 28):

The Defence and Public Security segment accounted for the largest share of the quarterly wins at S$2.5 billion.

ST Engineering books record S$18.7 billion in contract wins for FY2025

This is a 49% increase from the S$12.6 billion recorded in 2024

Nam Cheong chief executive Leong Seng Keat said the group is currently in a “sweet spot,” supported by its complementary chartering and shipbuilding businesses.
HOT STOCK

Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale

The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer

The influx of EQDP capital, alongside a potential revival in the initial public offering market and the launch of the Singapore Next 50 Index to spotlight mid-cap companies, provides a favourable structural backdrop for equities.
BROKERS’ TAKE

UOBKH forecasts STI to hit 5,400 by end-2026; bets on EQDP boost, banking giants

The call follows a strong performance in 2025, during which the STI rose 22.7%

ST Engineering in December last year won a government contract to produce the next-generation Infantry Fighting Vehicles.

Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27):