Broker Name: Maybank Research Pte Ltd
Date of Report: 7 October 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary:
- Singtel’s recent Optus outages in September 2025 are expected to have a limited impact on financials and subscriber numbers, with near-term risks potentially trimming FY28 earnings by 5–6%, but the company’s diversification and buyback programme support its valuation.
- Sanli Environmental is expected to secure significant new projects, potentially doubling its orderbook and positioning it to benefit from the upcoming SGD100b Long Island project, driving brighter growth prospects.
- LREIT was upgraded to BUY with a higher target price of SGD0.69, supported by falling rates, resilient retail sales, and improved capital management that lowers gearing.
- Thakral stands to gain SGD28.5m from a partial IPO disposal, raising its NAV by 10% and EPS by 26%, with proceeds available for redeployment into higher-growth opportunities.
- OCBC is upskilling its mortgage specialists into wealth advisors in a move to cross-sell products and retain talent, while HRnetGroup raised SGD7m through treasury share placement to enhance liquidity and free float.
- The report includes standard disclaimers, disclosures of interests, and legal entity notices across multiple regions, emphasizing its informational nature and the need for investors to seek independent advice.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research Pte Ltd website : https://www.maybank.com
