Report Summary

• Global markets saw mixed performance with US equities ending the week flat to slightly higher, while European and Asian indices declined, particularly in tech and banks.
• US investors anticipate possible Fed rate cuts, though inflation concerns persist. President Trump proposed tariff reductions on key food commodities to counter elevated prices.
• Singapore market highlights include strong results and positive guidance revisions for Singtel, ST Engineering, and SATS, with increased dividends and improved earnings forecasts.
• Singapore Airlines posted record revenues but suffered profit decline due to Air India losses; special dividends planned but fair value revised downward.
• Bumitama Agri demonstrated margin expansion and productivity gains despite weather-related delivery delays; fair value revised up, with ongoing sustainability initiatives.
• ESG ratings and sustainability efforts were assessed for all major companies, noting ongoing improvements and some areas requiring further progress.
• Latest coverage includes updates and recommendations for major Singapore-listed stocks, with several companies rated as BUY due to strong financial performance and outlook.
• Market statistics, sector reviews, and analyst recommendations are provided for investors’ reference, supported by detailed earnings and valuation updates.