Broker Name: Maybank Research Pte Ltd
Date of Report: 9 October 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Lendlease Global Comm REIT (LREIT) upgraded to BUY with a target price of SGD0.69, supported by falling interest rates, resilient retail sales, improved capital management, and lower gearing. FY26-27 DPU estimates raised, and fundamentals remain strong.
- Singtel faces near-term risks from recent Optus outages, but financial impact is contained; ongoing buybacks and diversified earnings support valuation.
- SGX reported strong trading volumes and securities market turnover, driven by China equity derivatives and active IPO pipeline.
- GRC’s subsidiary awarded SGD273m LTA contract for infrastructure works, boosting order book and visibility.
- Keppel REIT acquiring 75% interest in Top Ryde City Shopping Centre in Sydney, expected to deliver 6.7% yield and DPU accretion upon completion.
- Sembcorp Industries to acquire a 300MW solar power asset in India for SGD246m, expanding renewable energy portfolio.
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
