Broker Name: Lim & Tan Securities
Date of Report: 18 November 2025
Excerpt from Lim & Tan Securities report.
Report Summary:
- The FSSTI Index rose 20% year-to-date, outperforming several global indices, with active trading volumes and values.
- Frencken Group reported strong 3Q25 results: revenue up 6.5% YoY to S\$211.5m, net profit up 7.5% YoY, driven by growth in the Mechatronics Division and a stable financial position.
- City Developments Limited (CDL) delivered resilient Q3 performance, with robust sales from new launches, stable investment property occupancy, and disciplined capital management, but is rated HOLD due to recent share price gains.
- Starbucks announced the sale of control in its China operations to Boyu Capital, aiming to expand from 8,000 to over 20,000 stores amid fierce competition from local rivals.
- Macro commentary highlights gold’s outperformance as a safe haven, with recommendations to go long silver/short palladium, and notes on market risks.
- Institutional investors were net buyers on SGX in the week of 10 Nov, while retail investors were net sellers; financials and technology saw strong institutional inflows.
- Key share transactions, buybacks, and upcoming dividend distributions for major SG-listed companies are detailed.
- The report provides an economic calendar and sector fund flow data, useful for tracking upcoming events and trends.
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: www.limtan.com.sg
