Excerpt from OCBC Investment Research report.

Report Summary

• Global stock markets hit new highs driven by optimism over a US-China trade deal, easing trade tensions, and strong performances in technology and semiconductor sectors.
• Singapore’s Keppel DC REIT reported strong 9M25 results with an 8.8% YoY rise in distribution per unit, supported by acquisitions and organic rental growth, while maintaining a healthy balance sheet and stable occupancy; management remains positive on future prospects.
• Interest rates on debt are decreasing for Keppel DC REIT, and its fair value estimate was raised to SGD2.66; the REIT’s ESG rating was also upgraded.
• Other major Singapore REITs and blue-chip stocks showed stability or gains, with sector highlights covering banking, technology, and consumer discretionary shares leading market advances globally.
• OCBC’s report includes a snapshot of STI stocks by market cap, valuations, and recommendations, along with market commentary for the US, Europe, and Asia.

Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website: https://www.ocbc.com/personal-banking/investments/research.html