Broker Name: Maybank Research Pte Ltd
Date of Report: 14 October 2025
Excerpt from Maybank Research Pte Ltd report.
- Sheng Siong Group is viewed as a key beneficiary of Singapore’s construction boom, foreign workforce growth, and government support, with supermarket sales up 9.2% YoY in Jul–Aug’25, store expansion, and improved efficiency through a new distribution center.
- Lendlease Global Comm REIT is upgraded to BUY due to falling interest rates, resilient retail sales, and improved capital management, resulting in higher DPU estimates and target price.
- Singapore’s Grade A office and prime retail rents continue to rise on resilient demand, with office rents up for the fifth consecutive quarter and prime retail rents up 1.8% YTD.
- InnoTek approved as a recommended vendor for Nvidia and IEIT Systems, securing initial orders for AI server components and investing in high-end precision equipment for future GPU projects.
- DBS and UOB established a USD110m sustainability-linked loan with ABC Impact, tying financing to measurable impact targets in sectors like agriculture, healthcare, education, and financial services.
- Mapletree Logistics Trust completed a property divestment in Australia, bringing its portfolio to 174 properties valued at SGD13b.
- Disclaimers and legal disclosures clarify this is not investment advice, discuss conflict of interest measures, and outline rating definitions: BUY (expected return above 10%), HOLD (0-10%), SELL (below 0%).
Report Summary: Maybank Research highlights Sheng Siong and Lendlease REIT as key investment ideas, with Singapore’s real estate sector showing continued strength and positive corporate developments among selected companies. The report includes standard disclaimers and rating definitions.
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 website : https://www.maybank-ke.com.sg/
