Lim & Tan Securities, Daily Review | 02 October 2025
Excerpt from Lim & Tan Securities report.
Report Summary
- US and global equity markets rose as investors bet on potential interest rate cuts, spurred by a surprise decline in private payrolls and a partial US government shutdown. Healthcare led gains, supported by Pfizer’s voluntary price reductions and investment plans.
- The US government shutdown, if prolonged, could impact GDP and market sentiment, but historically such events have minimal lasting economic impact. BCA Research suggests any significant equity drop due to the shutdown could be a buying opportunity.
- Yangzijiang Financial (YZJFH) announced a strategic investment in Ningbo Shanshan Co., aiming to lead its restructuring and stabilize its ownership. The move aligns with YZJFH’s focus on deploying cash into high-quality opportunities, but the broker maintains a “Hold” rating given limited upside after a strong run.
- In Hong Kong, New World Development is negotiating with the Airport Authority to ease rental obligations at its flagship 11 Skies mall, reflecting ongoing financial pressures and the broader property market slump.
- US macro trends highlight AI-related investment outpacing other sectors, signaling a structural shift in economic drivers. BCA Research recommends overweighting Communication Services and Utilities.
- Share transaction highlights include major acquisitions and disposals by key stakeholders in listed Singapore companies, as well as ongoing share buybacks.
- Dividend and special distribution schedules for leading Singapore-listed companies are outlined for the coming months.
- A list of 32 companies currently under SGX Watch-List is provided, including recent additions.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
