Broker Name: Lim & Tan Securities
Date of Report: 30 October 2025
Excerpt from Lim & Tan Securities report.
Report Summary:
- Singapore’s FSSTI index showed a year-to-date gain of 17.2%, with mixed performance across global equities and commodities. The US Federal Reserve indicated a pause in further rate cuts after its second cut of the year, causing a mixed reaction in US markets.
- Keppel Ltd delivered strong 9M 2025 results with over 25% net profit growth year-on-year, driven by robust performance in Infrastructure, Real Estate, and Connectivity segments. The group continues to monetize assets, return capital to shareholders, and targets further growth through its global asset management platform.
- Far East Hospitality Trust reported higher 3Q 2025 gross revenue, aided by a new Japan hotel acquisition, though Singapore hospitality assets saw weaker performance due to event timing shifts. The trust is well-capitalized and expects a stronger 4Q, with improving travel demand and lower financing costs.
- Hong Kong developers are increasingly turning to private credit as traditional banks pull back due to China’s property debt crisis, with several high-profile loans highlighted to support ongoing projects.
- Macro commentary notes a bullish outlook for EUR/USD, citing stronger Eurozone fundamentals and structural reforms, but with caution on short-term risks.
- Institutional investors were net buyers in Singapore markets in the week of 20 October 2025, while retail investors were net sellers. Fund flows and sector rotation trends are detailed.
- The report includes upcoming dividend ex-dates, corporate actions, and earnings dates for key Singapore-listed stocks.
- A list of companies on the SGX Watch-List is provided, offering insight into at-risk or underperforming stocks.
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
