$YZJ Shipbldg SGD(BS6.SI)$  $6 Target Price.   *Yangzijiang Shipbuilding (BS6) — YZJ is China's largest private shipbuilder. 1H26 was record: revenue RMB17.5B +36.2% YoY, PATMI RMB5.4B +28.4% YoY, shipbuilding margin *37.1%*. --Growth Catalysts for YZJ Shipbuilding-- *1. Massive Order Book = 4-5 Years Visibility* - *US$22.4B order book, 256 vessels*, deliveries through 2030. - Mix: 151 containerships (US$16.06B), 41 oil tankers, 37 bulk carriers, 27 gas carriers. - *69-71% green / dual-fuel tonnage* — aligns with decarbonization demand. *2. Order Recovery After 2025 Trough* - FY2025 was a trough: only US$2.5B new orders (vs US$14.6B in FY2024). - 1H26: *US$1.75B won* (38 vessels: 25 container, 10 tankers,

$DHT Holdings Inc(DHT)$ 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

@TigerStars Thanks for your recognition.

$AEM SGD(AWX.SI)$  $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

$First Resources(EB5.SI)$ $12 Target Price. First Resources (EB5.SI) is experiencing a powerful upswing driven by a 53.1% YoY surge in Q1-2026 net profit, fueled by record-high sales volumes and a favorable palm oil pricing environment. While the stock has rallied sharply, leading to what some analysts see as fair valuation. The biofuels underlying business momentum remains robust, with supportive macroeconomic from fluctuating oil prices, caused by Hormuz-Strait blockage. Growth Catalysts 1. Exceptional Q1 2026 Financial Performance The company's recent quarterly report shows a dramatic acceleration in growth. Revenue: Sales surged 70.4% year-on-year (YoY) to US$477.2 million in Q1-2026. Net Profit: Net profit attributable to biofuels demands

$Addvalue Tech(A31.SI)$ 0.34 Target Price Simply Wall St Value Rating: ★★★★★★ Overview: Addvalue Technologies Ltd is an investment holding company that offers satellite-based communication and digital broadband products and solutions across Europe, the Middle East, Africa, North America, and the Asia Pacific with a market cap of SGD593.02 million. Operations: Revenue for Addvalue Technologies primarily comes from its Communications Equipment segment, totaling $18.58 million. Addvalue Technologies, a compact player in the space communication sector, has shown impressive growth with earnings surging 300.6% over the past year, outpacing the communications industry average of 7.4%. The company's strategic focus on its Space Connectivity (SPC) busine

$First Resources(EB5.SI)$ 5.8 Target Price. First Resources (EB5.SI) is experiencing a powerful upswing driven by a 53.1% YoY surge in Q1-2026 net profit, fueled by record-high sales volumes and a favorable palm oil pricing environment. While the stock has rallied sharply, leading to what some analysts see as fair valuation. The biofuels underlying business momentum remains robust, with supportive macroeconomic from fluctuating oil prices, caused by Hormuz-Strait blockage. Growth Catalysts 1. Exceptional Q1 2026 Financial Performance The company's recent quarterly report shows a dramatic acceleration in growth. Revenue: Sales surged 70.4% year-on-year (YoY) to US$477.2 million in Q1-2026. Net Profit: Net profit attributable to biofuels demands jumped 53.1% YoY to US$96.6 million. Operation

$IX Biopharma(42C.SI)$ 0.8 Target Price. --iX Biopharma Ltd(42C) Growth Catalysts-- Shift towards commercialisation of WaferiX subligual delivery of drugs could bump up revenue by as much as 250% in FY-2026, backed by planned capacity expansion. Out-licensing of the sublingual ketamine wafer, Wafermine, for Phase 3 development will be a major catalyst and expected to turn iX Biopharma profitable in long-term. Specialty pharmaceutical and nutraceutical drugs will benefit from the planned six-fold increase in production capacity to meet the expected surge in demand. Investment Merits Out-licensing world's first sublingual ketamine formula, Wafermine, for Phase 3 development is a near-term catalyst. Since the completion of its end-of-Phase 2 meetin

$IX Biopharma(42C.SI)$ 0.8 Target Price. --Ix Biopharama Medical Breakthrough-- iX Biopharma achieved a major medical and commercial breakthrough with Wafermine, its patented sublingual (under-the-tongue) ketamine wafer for non-opioid acute pain management. --The Core Technology-- WaferiXFast Absorption: Wafers dissolve sublingually in minutes, letting active ingredients enter the bloodstream directly and bypass the gut. High Bioavailability: Provides a needle-free, predictable alternative to intravenous infusions or standard oral pills. Drug Repurposing: Applies the delivery system to central nervous system agents and other urgent indications. --Key Pipeline & Commercial Milestones-- Backed by a US$40.95 million contract from the US Departm

JAGX = $20 Target Price

$Sheng Siong(OV8.SI)$  $4 Target Price. --Overview of Sheng Siong (OV8)-- Sheng Siong Group Ltd (SGX: OV8) relies on a mix of store network expansion, operational efficiency, macro-driven demand, and new sales channels to drive its core financial performance. --Growth Catalysts for ShengSiong-- 1). Aggressive Store Expansion Pipeline: The company's primary growth engine remains physical store network expansion. Adding 16 new stores in Singapore between 2025 and 1H 2026, Sheng Siong operates 90 domestic outlets alongside 6 overseas stores in Kunming, China. Future pipeline visibility is secured through upcoming openings in new housing developments like Hougang, Rivervale, and Woodlands, alongside ongoing bids for HD

$Bumitama Agri(P8Z.SI)$ 3.5 Target Price. Bumitama Agri's stock outlook looks promising, with analysts predicting a positive trend. The company's share price is expected to rise over the next 12 months, with an average price target of SGD$3 representing a 19% upside from the current price. *Key Highlights:* - *Revenue Growth*: Bumitama Agri is expected to achieve double-digit revenue growth, driven by healthy orders from biodiesel customers. - *Dividend Yield*: The company offers a dividend yield of 2.9%, with a history of increasing dividend payments. - *Analyst Ratings*: Bumitama Agri has a Strong Buy consensus rating, with analysts from Maybank Research, DBS Research, and UOB Kay Hian maintaining a Buy rating. *Price Targets:* - *Highest Targ

$NetLink NBN Tr(CJLU.SI)$ $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 w

$PanUnited(P52.SI)$ 2.5 Target Price. *Growth Catalysts for Pan-United Corporation (P52.SI)* Pan-United is Singapore's largest ready-mixed concrete producer, and analysts see several drivers supporting growth into 2026-2027: 1). Singapore Construction Demand Surge - *Public sector pipeline*: New HDB developments, Cross Island Line, Tuas Mega Port, and institutional projects are expected to drive ∼55% of total construction demand. - *RMC volume growth*: Ready-mix concrete demand is projected to jump 34% from 13.4 million m³ in 2024 to 18 million m³ by 2027. - Analysts forecast EPS for Pan-United to grow 6-22% in FY26-FY27 on stronger offtake volume. *2. ESG & Low-Carbon Concrete Leadership* - Pan-United specializes in low-carbon concrete tech