Brokers’ Digest: Pan-United, Yangzijiang Shipbuilding, Raffles Medical Group, Frencken, Japfa, Oiltek, CDL, AEM, DFI

CGS International analysts Kenneth Tan and Ong Khang Chuen are keeping their “add” call on Pan-United Corporation as they see it benefitting from the “healthy” demand for ready mixed concrete (RMC) in Singapore and Malaysia. The company’s market leadership in the RMC space is also beneficial in the upcycle of Singapore’s construction sector.