Trade of The Day

Soon Hock Enterprise Holding Ltd (SGX: SHE)

Analyst: Zane Aw

(Current Price: S$0.640) – TECHNICAL BUY
Buy stop: S$0.640 Stop loss: S$0.620 (-3.12%)
Take profit: S$0.715 (+11.72%)

Trades Initiated in Past Week

The local benchmark index fell 0.3%, or 12.86 points, to close at 4,892.27. The iEdge Singapore Next 50 Index declined 0.4%, or 5.48 points, to 1,496.09.

The Dow Jones Industrial Average advanced 515.19 points, or 1.05%, closing at 49,407.66, while the S&P 500 was up 0.54% and settled at 6,976.44. The Nasdaq Composite also gained 0.56% and ended at 23,592.11.

SG

A-Sonic Aerospace Limited announced that its wholly-owned subsidiary entered into a binding joint venture agreement to acquire a 55% equity interest in a Malaysian information technology company.

Union Steel Holdings is selling its indirectly held subsidiary Fastweld Engineering Construction to its separately-listed associate Eneco Energy.

ST Engineering debuts new solutions across aviation, defence and smart city at Singapore Airshow 2026.

Soon Hock Enterprise Holdings says it expects to report a “significant improvement” for its revenue and net profit for the FY2025 ended Dec 31, 2025.

SATS unveils AI-enabled control tower to anticipate and manage risks to food supply.

The subsidiary of Ley Choon Group Holdings, has secured contracts worth a total of $43.6 million.

Beng Kuang Marine has allotted and issued 5,700 new ordinary shares following the exercise of warrants, at an exercise price of 22 cents per share (total issued shares: 208.99 million).

TrickleStar appoints former Green Build Technology independent director Judy Tan to board.

A group of SHS Holdings shareholders are calling for an EGM to remove independent director Chua San Lye and replace with their nominee Kong Chee Keong.

Singapore’s purchasing managers’ index (PMI) rose 0.2 point to 50.5 in January, its highest reading in 10 months.

People were still queueing up to buy gold in Singapore at UOB’s headquarters on Monday even as prices plummeted.

US

Warner Bros Discovery is likely to hold a shareholder vote on the $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.

Disney shares slump as its theme parks see fewer international visitors.

OpenAI is unsatisfied with some of Nvidia’s latest artificial intelligence chips, and it has sought alternatives since last year, eight sources familiar with the matter said.

Palantir Technologies forecast revenue for fiscal 2026 that significantly exceeded Wall Street expectations.

Snowflake stock rose Monday morning after it announced a $200 million partnership agreement with OpenAI to deliver advanced AI model capabilities to enterprise customers.

Elon Musk’s firm SpaceX said on Monday it has acquired his artificial intelligence startup xAI.

Alibaba said on Monday it will spend 3 billion yuan (US$431 million) to attract users to its Qwen AI app during the Lunar New Year holiday.

Chinese electric vehicle stocks fell sharply on Monday after January delivery figures highlighted a soft start to 2026 and renewed concerns about domestic demand.

The Institute for Supply Management (ISM)’s manufacturing index rose to 52.6 from 47.9, indicating that manufacturing activity unexpectedly expanded at the fastest pace since 2022.

President Donald Trump said he will slash tariffs on India to 18% after Prime Minister Narendra Modi agreed to stop buying Russian oil.

US President Donald Trump said he anticipated talks with Iran over a new nuclear deal in the coming days.

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, CNBC, WSJ, The Business Times, The Edge Singapore, PSR

OUE REIT – Prime CBD commercial assets drive performance

Recommendation: BUY; TP S$0.45; Last close: S$0.36; Analyst Hashim Osman

• 2H25/FY25 DPU of 1.25/2.23 Singapore cents rose 10.6%/8.3% YoY, beating our expectations and representing 62.5%/111.5% of our FY25e forecast. The outperformance was driven by a 21% YoY decline in FY25 finance costs, stronger operational performance in the commercial segment, as well as a 49.3% YoY increase in joint venture contributions.
• Commercial segment like-for-like (excludes Lippo Plaza Shanghai) revenue and NPI grew 3.9% and 5.4% YoY to S$173mn and S$130mn respectively in FY25. Office portfolio maintained high occupancy at 95.4% with positive rental reversions of 9.1%, indicating flight-to-quality trend for Prime CBD assets. This extended to OUE REIT’s joint venture, with OUE Bayfront earnings surging 49.3% YoY to S$14.5mn in FY25.
• We maintain BUY with a higher DDM-based TP of S$0.45 (prev: S$0.40) as we roll forward our forecast. We believe its current portfolio, following the Lippo Plaza Shanghai divestment, reflects lower risk and warrants a lower cost of equity of 6.3% (prev: 6.8%). At FY26e dividend yield of 6.2%, and a P/NAV of 0.64x, valuation remains compelling. As OUE REIT embarks on its Phase 3 Value Creation Journey, the focus is expected to be on asset recycling to redeploy capital from mature assets into similar risk-adjusted assets with higher yields.

Bank of America Shows Strong Growth Momentum with Record Net Interest Income

JPMorgan Chase Delivers Solid Q4 Results Despite Investment Banking Headwinds

Wells Fargo Reports Mixed Q4 Results as Severance Costs Weigh on Performance

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