Broker Name: Lim & Tan Securities
Date of Report: 31 October 2025
Excerpt from Lim & Tan Securities report.
Report Summary:
- Singapore’s FSSTI Index has risen 17.2% year-to-date, with Keppel and Mapletree Industrial Trust (MIT) featured as key highlights.
- Keppel reported strong 9-month FY2025 results, driven by earnings growth across all segments and substantial asset monetization, with a steady dividend strategy and limited upside at current prices.
- MIT’s quarterly distribution fell due to portfolio divestments and weaker North American performance, but leverage and borrowing costs improved; management aims for portfolio resilience through strategic expansion and divestments.
- Institutional investors net-bought S\$134.4m worth of shares in the week of 20 October, with Yangzijiang Shipbuilding and Singtel leading buys; retail investors net-sold S\$249.8m, mainly in Yangzijiang Shipbuilding and City Developments.
- Macro news covers elevated but not bubble-level AI venture capital valuations, and China’s move to test commercial underwater data centres for energy efficiency.
- Upcoming dividend announcements and ex-dividend dates for major SGX-listed companies are listed, as well as share buyback and insider transaction activity.
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
