Broker Name: Lim & Tan Securities
Date of Report: 7 November 2025
Excerpt from Lim & Tan Securities report.
- OCBC reported a 9% quarter-on-quarter rise in net profit to S\$1.98 billion for 3Q25, driven by strong non-interest income, while guiding for lower net interest margins and maintaining a resilient asset quality with a 0.9% NPL ratio.
- CapitaLand Investment (CLI) successfully closed a major Asia lodging fund above target, but saw a 25.5% revenue drop for 9M25 due to deconsolidation of lodging trust; CLI remains constructive with ongoing capital recycling and a positive outlook supported by a 28.7% consensus target price upside.
- Institutional and retail fund flows in Singapore showed net selling in the week of 27 October 2025, with notable buying and selling observed in blue-chip stocks and REITs.
- Macro news highlights rising US policy uncertainty and a bullish long-term outlook for the EUR/USD, while Chinese tech firms like DJI face growing regulatory challenges in the US market.
- The report includes key dividend announcements, share buybacks, and notable insider transactions for major Singapore-listed companies.
Report Summary:
- OCBC achieved robust quarterly profit growth from non-interest income, but faces pressure on net interest margins and limited near-term share price upside.
- CapitaLand Investment is executing successful fund-raising and asset recycling despite lower group revenue; maintains a positive outlook with strong regional investor interest.
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
