Commodities
Singapore Firms See Earnings Growth as Copper Prices Ease
CGS International and UOB Kayhian have upgraded their ratings on several Singapore-listed companies. Tai Sin Electric Ltd saw its rating lifted to Add with a higher target price of S$0.80, as core profits rose 27% year-on-year in FY6/26.
The analysts also highlighted the company's stable dividend payments and healthy demand for copper and renewable energy systems.
In another development, Genting Plantations saw its rating upgraded to Add with a target price of RM7.00, following stronger-than-expected earnings from the firm's plantation segment.