Market Journal
The Walt Disney Company has demonstrated the strength of its diversified entertainment ecosystem in its latest quarterly results, with Phillip Securities Research maintaining a Buy recommendation and US$130 target price following solid performance across key business segments. Company Overview Disney operates as a global entertainment conglomerate with core divisions including Experiences (theme parks and cruise…Read More
An Emerging Markets ETF (Exchange-Traded Fund) is a pooled investment vehicle that invests primarily in stocks from fast-growing, developing economies across Asia, Latin America, Eastern Europe, and Africa. While some Emerging Markets ETFs track broad global indexes to cover dozens of countries at once, others target specific regions, themes, single countries, or investment factors. Additionally,…Read More
Company Overview A-Sonic Aerospace Ltd is a logistics company that has been expanding its multi-modal freight forwarding operations. Following its latest acquisition, the enlarged group now operates across 16 countries and 34 cities, positioning itself as a significant player in the regional logistics sector. Major Acquisition Details A-Sonic Aerospace has announced the acquisition of a…Read More
Phillip Securities Research has maintained its BUY recommendation on Lendlease Global Commercial REIT (LREIT) whilst raising the target price to S$0.77 from S$0.73, following strong retail performance and improved capital management metrics. Company Overview Lendlease Global Commercial REIT operates a portfolio of retail and office properties, with its Singapore retail assets serving as key performance…Read More
Phillip Securities Research has initiated coverage of Space Exploration Technologies Corp. (SpaceX) with a SELL recommendation and a DCF-derived target price of US$75.00, based on a WACC of 10.0% and terminal growth rate of 3.5%. The research highlights significant concerns about the company’s financial trajectory despite its market-leading positions in space launch and satellite connectivity….Read More
Company Overview Singapore Airlines (SIA) operates as a leading international carrier, providing passenger and cargo services globally. The airline has positioned itself as a premium operator in the competitive aviation sector, leveraging its strategic location and service quality to capture market share. Strong Revenue Growth Amid Operational Challenges Phillip Securities Research maintains a NEUTRAL recommendation…Read More
Company Overview Sheng Siong Group Ltd operates as a leading supermarket chain, focusing on fresh products and frozen meals whilst expanding its store footprint across its markets. The company has demonstrated consistent operational improvements, particularly in gross margin expansion over more than a decade. Financial Performance Analysis Sheng Siong delivered solid first-half results for FY26,…Read More
Steady Performance Amidst Portfolio Transformation CapitaLand Ascott Trust, a leading hospitality real estate investment trust, delivered a resilient performance in the first half of FY26 despite facing operational challenges from its ongoing portfolio enhancement initiatives. The trust operates a diversified portfolio of serviced residences and hotels across key global markets, positioning itself as a premier…Read More
Apple Inc. operates as a technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company’s flagship products include the iPhone smartphone and MacBook computer lines, which continue to represent significant revenue drivers for the business. Strong Performance Amid Supply Challenges Apple delivered solid third-quarter results for fiscal year 2026,…Read More
Amazon.com Inc., the global e-commerce and cloud computing giant, has demonstrated robust performance, with its Amazon Web Services (AWS) division leading growth acceleration whilst the company maintains significant capital expenditure commitments to artificial intelligence infrastructure development. Strong Financial Performance Driven by Strategic Timing Amazon delivered impressive second-quarter 2026 results, with both revenue and Adjusted PATMI…Read More

