Broker Name: OCBC Investment Research
Date of Report: 3 October 2025

Excerpt from OCBC Investment Research report.

Report Summary

• Global equities hit record highs, led by technology and semiconductor stocks, with AI developments and strong company earnings boosting sentiment despite political uncertainty in the US.
• US, European, and Asian markets all posted gains, with particular strength in tech, automotive, and semiconductor sectors; Singapore’s STI rose 1.7% with high turnover and broad-based gains.
• Recent analyst reports highlighted positive outlooks and ratings upgrades for various Asian companies, especially in banking, construction, commodities, and technology sectors.
• OCBC’s top Singapore stock picks by market cap include DBS, OCBC, Singtel, UOB, and ST Engineering, many of which offer attractive dividend yields and stable earnings growth.
• The report provides important disclaimers regarding investment suitability, conflicts of interest, and the nature of ratings and recommendations.

Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website: https://www.ocbc.com/personal-banking/investments/research.html