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CGSI names SingPost, Centurion and Hong Leong Asia as value picks amid SGX revival proposal

Nicole Lim
Nicole Lim • 3 min read
CGSI names SingPost, Centurion and Hong Leong Asia as value picks amid SGX revival proposal
The SGX can also consider tax incentives and adjusted listing fees for companies that improve their valuation, recommends the brokerage. Photo: Albert Chua/The Edge Singapore
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“Value up, Singapore” say CGS International’s analysts following a recent report by the Financial Times that said the Singapore Exchange (SGX:S68) (SGX) is reviewing proposals to improve the Singapore market. 

In a bid to revive the SGX, analysts William Tng, Lim Siew Khee and Ong Khang Chuen have proposed a series of recommendations for the exchange to consider, while highlighting SGX-listed companies that are value picks. 

These companies are the Singapore Post (SGX:S08) (SingPost), Centurion Corporation (SGX:OU8) , and Hong Leong Asia (SGX:H22) , which the analysts forecast will see earnings growth over the FY2024 to FY2025 period. The analysts have an “add” call for all these three companies, with a target price of 58 cents, 63 cents and $1 respectively. 

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