Financial Market Insights: Comprehensive Analysis of Listed Companies
Broker: Lim & Tan Securities
Date: 06 March 2025
Market Overview
The FSSTI Index closed at 3,898.4, reflecting a 0.2% increase for the day and a year-to-date rise of 2.9%. Meanwhile, significant movements were noted in major indices, with the Dow Jones Industrial Average climbing 485.60 points to close at 43,006.59, partially recovering from recent losses. The S&P 500 and Nasdaq Composite also showed positive gains, indicating a rebound in U.S. stocks.
LHN Limited: A Leader in Space Optimisation
LHN Limited has shown remarkable performance in its Space Optimisation Business, which remains the primary revenue contributor. During the first quarter of the financial year ending 30 September 2025 (1QFY2025), the company secured an additional 45 keys for managing a new property at 453 Balestier Road. The total keys managed across its Coliwoo co-living projects in Singapore have reached 2,915, alongside 85 SOHO projects overseas, marking a growth from 2,895 keys as of September 2024.
The occupancy rates for their industrial, commercial, and Coliwoo spaces have consistently exceeded 95%, showcasing strong demand. In the Facilities Management sector, LHN secured 29 new contracts while re-tendering 75 existing contracts, indicating robust operational activity. The Group manages a significant number of car parks, with over 27,000 lots in Singapore and two in Hong Kong.
In the Energy Business, LHN maintains a solar energy capacity of approximately 8.8 MW and operates 19 electric vehicle charging points. The company is optimistic about future growth, having issued six options-to-purchase for its newly constructed LHN Food Chain food factory.
Investment analysts maintain an “Accumulate” recommendation for LHN Limited, with a forward P/E ratio of 5.8x, a price-to-book ratio of 0.8x, and an attractive dividend yield of 6.5%. The consensus target price of 55 cents suggests a potential return of 19.6%.
Frasers Logistics Trust: Steady Performer
Frasers Logistics Trust continues to demonstrate resilience with a current price of S\$7.53. The trust remains a solid investment choice due to its stable income generation from a diversified portfolio of logistics properties. The trust’s robust operational framework and strategic acquisitions position it well for ongoing growth in a competitive market.
Mapletree Industrial Trust: Growth in Industrial Sector
Mapletree Industrial Trust, priced at S\$6.82, is showing significant potential in the industrial real estate sector. The trust’s focus on high-quality assets and strategic developments is expected to yield consistent returns and capitalize on the growing demand for industrial spaces.
Mapletree Pan Asia Commercial Trust: Strong Fundamentals
With a current trading price of S\$6.81, Mapletree Pan Asia Commercial Trust is well-positioned to leverage its diverse portfolio across multiple markets. The trust’s strong fundamentals and strategic management indicate a positive outlook for investors.
DBS Bank: Leading Financial Institution
DBS Bank, currently valued at S\$6.68, remains a key player in the banking sector, boasting a robust balance sheet and a commitment to digital transformation. This strategic focus is expected to enhance customer experience and drive future profitability.
Yangzijiang Shipbuilding: Resilient Amidst Challenges
Yangzijiang Shipbuilding is trading at S\$6.98. The company has shown resilience in navigating market challenges, with a solid order book and a focus on innovative shipbuilding technologies, positioning it for long-term success.
Jardine Cycle & Carriage: Diversified Investment
Jardine Cycle & Carriage, with a current price of S\$7.18, benefits from its diversified portfolio across automotive and financial sectors. The company’s strategic investments are expected to yield positive returns as economic conditions improve.
Jardine Matheson: Global Conglomerate
Trading at S\$8.02, Jardine Matheson remains a strong investment due to its diversified interests and strategic global presence. The company’s focus on core sectors ensures its adaptability and resilience in changing market conditions.
Singapore Airlines: Aviation Leader
Singapore Airlines, currently priced at S\$8.95, continues to lead in the aviation sector with a strong brand reputation and operational excellence. The company’s commitment to safety and customer service positions it favorably as travel demand rebounds.
Wilmar International: Agribusiness Giant
Wilmar International, valued at S\$10.47, stands as a leader in the agribusiness sector. The company’s extensive supply chain and strategic partnerships enhance its competitive edge in a growing market.
Conclusion
The diverse sectors represented by the companies analyzed showcase a range of investment opportunities. Investors are encouraged to consider the strong fundamentals and future growth potential of these firms as they navigate the evolving market landscape. Each company’s strategic initiatives and market positioning offer insights into their potential for sustained profitability and shareholder value.
