SG Companies Earnings Headlines #TTNews 1 min read to save time More here: https://linktr.ee/ttnews0113 #stocks #earnings

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SG Stocks Weekly Heatmap - Turn market noise into visual clarity #TTNews 23-Jan-2026

Based on the weekly heatmap for the Singapore market (ending January 23, 2026), the performance shows a clear divergence: a massive rally in Financials and Real Estate offset by sharp declines in the Marine/Offshore and Tech sectors.

The Straits Times Index (STI) hit an all-time record of nearly 4,895 points this week, primarily driven by the banking heavyweights.

Financial Services: The Main Engine

The sector saw explosive growth, with the banks acting as the primary catalysts for the STI's record-breaking run.

UOB (+7.5%) & OCBC (+4.2%): Both hit fresh all-time highs. The surge was fueled by a Macquarie Capital upgrade to "Outperform." Analysts highlighted that UOB is "catching up" after previous underperformance, benefiting from massive wealth management inflows and Singapore's "safe-haven" status.

DBS (-0.8%): Despite being near record levels, DBS saw a slight retreat as investors rotated into UOB/OCBC. Macquarie notably assigned an "Underperform" rating to DBS, anticipating flatter earnings growth compared to its peers.

Real Estate: The Laggards Catching Up

Real Estate was the second-strongest sector, driven by a "value-unlocking" theme.

CapitaLand Investment (+4.5%): Leading the charge as the company continues to pivot toward an asset-light, fee-income model.

CityDev (+0.5%) & Hongkong Land (+0.2%): These developers are benefiting from expectations of a more accommodating interest rate environment and government capital market reforms aimed at boosting liquidity in local stocks.

Industrials & Marine: Legal Headwinds

This sector was the "sea of red" in your heatmap, largely due to company-specific negative news.

Seatrium Ltd (-5.8%): The sharp drop followed the January 22 announcement of arbitration proceedings regarding the DolWin 5 project. Seatrium and its partner Aibel are locked in a dispute over cost and revenue allocation, with mutual claims totaling nearly €300 million.

YZJ Shipbldg (-7.0%): The heavy sell-off suggests profit-taking and institutional outflows following a period of strong performance. Investors remain wary of potential US sanctions impact on Chinese-linked shipbuilders and a cooling in new order momentum.

Tech & Semiconductors: Mixed Signals

UMS (-3.7%): Underperformed due to broader volatility in the global chip sector. News of US tariffs on AI-targeted chips has led to cautious sentiment, despite the ongoing global DRAM shortage.

iFAST (+2.0%): Remained resilient, supported by the broader surge in capital market activity and wealth management demand that also lifted the banks.

Commodities: The "Gold Rush"

CNMC Goldmine (+8.6%): The standout performer. This surge is directly linked to gold prices hitting record highs (surpassing US$4,900/oz). Geopolitical tensions (the "Greenland crisis") and a criminal probe into the Fed Chair have triggered a massive gold rally, benefiting gold producers.

SG Analyst Reports Ratings and Targets #TTNews

 

SG Companies Earnings Headlines #TTNews 1 min read to save time More here: https://linktr.ee/ttnews0113 #stocks #earnings

SG Analyst Reports Ratings and Targets #TTNews More TTNews: https://linktr.ee/ttnews0113 Your likes & shares are our greatest compliments

IPC Corporation (SGX: AZA): Divestments Driven Play!

IPC Corporation (SGX: AZA): Divestments Driven Play!

The recent divestment of preferred shares in Nest hotel Japan Corporation may drive good upcoming FY25 earnings and dividends. 

This blog post provides an analysis of IPC Corporation Ltd (SGX: AZA)

IPC Corporation Ltd is a property development and hospitality group with core operations in Japan and China.

1. Key Investment Potentials

The primary "bull case" for IPC revolves around its massive balance sheet cleanup and the realization of value from its Japanese and Chinese assets.

A. Major Asset Disposal & Balance Sheet Strengthening

The most significant development in late 2025 was the disposal of Preferred Shares in Nest Hotel Japan Corporation (NHJC).

• The Catalyst: IPC completed the sale of its NHJC preference shares in December 2025.

• The Impact: The Group is undertaking this action to free up capital and substantially enhance its cash reserves. Following the receipt of net cash proceeds totaling $16.7 million, the company is projected to have a significant net cash position of approximately $12 million. This strong cash balance is notable when compared to its $14.5 million market capitalization. With this robust financial standing, the company is well-positioned to potentially distribute special dividends to shareholders or unveil new strategic business initiatives.

B. Recovery in Hospitality (Grand Nest Hotel Zhuhai)

The company’s flagship asset in China, the Grand Nest Hotel Zhuhai, underwent a major "rooms-enhancement program" in 2024, with 70% of rooms renovated to stay competitive. As China’s domestic travel market stabilizes, a modernized hotel asset provides better yield potential and higher valuation for future divestment. 

C. Trading Below Book Value

Historically, IPC's shares have traded at a substantial discount to its Net Tangible Assets (NTA). Following the divestment of NHJC, the company's valuation could see a re-rating, potentially reducing this discount. The expected NTA is $0.627, significantly higher than the recent share price of $0.17.

C. Chart (As of Jan 2026)

Following the divestment of NHJC, IPC has been trading sideways over the last month. This is likely due to some investors having already bought shares in anticipation of potential special dividends. The share price may appreciate as the FY25 full-year results approach (estimated end of February 2026), as the prospect of special dividends becomes more imminent.

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2. Risk Factors to Watch

While the turnaround is underway, IPC remains a high-risk "recovery play."

A. China’s Property Sector Headwinds

A large portion of IPC’s value is tied to its "Assets Held for Sale" (S$35.4M as of June 2025), primarily its Zhuhai property. The protracted property crisis in China makes it difficult to offload large assets at premium valuations, leading to potential delays or further price haircuts. 

However, a successful sale, even at a further discount, could lead to a significant re-rating of the company. In this scenario, IPC would trade at a net cash position substantially exceeding its current market capitalization, bringing its valuation closer to its book value.

B. High Geographic Concentration

IPC’s revenue is heavily reliant on the hospitality sector in China. This exposes the company to:

• Fluctuations in the Renminbi (RMB) vs. Singapore Dollar (SGD).

• Changes in Chinese government policies regarding travel and real estate.

Risk Category	Details
Liquidity	Low trading volume makes it difficult for large entries or exits without moving the price.
Market	Weak consumer sentiment in China impacting hotel room rates and occupancy.
Currency	Significant "Currency Translation Losses" (S$1.77M in 1H2025) due to SGD/RMB volatility.

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3. Summary for Investors

IPC Corporation is no longer just a "quiet" property holder; it is an active divestment story.

• For the Risk-Averse: The liquidity of the company is poor liquidity so it may be harder for investors to exit after entry.

• For the Opportunistic: The successful disposal of NHJC shares in late 2025 shows management is serious about restructuring. If they can subsequently liquidate the Zhuhai assets also, the net cash of the company may be more than double the market capitalization. The company may also return capital or pivot to a new profitable business and push the share price to much higher than the current "distressed" low price to book level.

Conclusion: Investors may monitor the coming FY2025 full-year results (expected end Feb 2026) closely. A positive profit guidance announcement, due to the profit from NHJC divestment, before the FY2025 results, or hope of possible special dividends with the FY2025 results, may push the share price higher from the current low price.