Broker Name: OCBC Investment Research
Date of Report: 14 November 2025
Excerpt from OCBC Investment Research report.
Report Summary
- Global equity markets declined, led by steep falls in US indices due to concerns over delayed economic data, slower interest rate cuts, and stretched tech valuations. Defensive stocks gained as investors rotated out of high-growth tech names.
- ComfortDelGro Corporation reported a 15.4% YoY PATMI growth, partly driven by disposal gains and strong public transport performance, but margins for the Taxi & Private Hire segment compressed. The fair value estimate was revised slightly down to SGD1.74, and the company’s ESG score continues to improve.
- Seatrium Limited faced challenges with slower contract wins and an unexpected order termination in the US offshore market, resulting in a decline in the net order book. Despite these setbacks, management remains confident about long-term targets and the fair value estimate is maintained at SGD2.76.
- The report also includes updates and ratings on other major Singapore-listed companies and REITs, with sector rotation and earnings outlooks highlighted.
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.iocbc.com/
