Excerpt from OCBC Investment Research report.

Report Summary:

• Global stock markets rebounded strongly, driven by optimism over a potential resolution to the US government shutdown and positive momentum in technology and AI-related stocks, with notable gains in indices across the US, Europe, and Asia.
• Frasers Logistics & Commercial Trust (FLT SP) reported a decline in distribution per unit due to lower capital distribution and higher financing costs, but underlying rental growth and occupancy improved; fair value adjusted to SGD 1.03 with a BUY rating.
• Singapore Post (SPOST SP) saw underlying profit fall sharply due to lower cross-border e-commerce volumes and structural domestic mail decline; the interim dividend was reduced, and the rating was maintained at HOLD with a revised fair value of SGD 0.43.
• The report provides updates and recommendations on several Singapore-listed companies and REITs, highlighting market trends, company fundamentals, and ESG performance.
• OCBC Investment Research ratings are medium-term calls (12-month horizon) with clear guidelines for BUY, HOLD, and SELL recommendations, including for REITs and small cap stocks.

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-insights