Broker Name: OCBC Investment Research
Date of Report: 1 December 2025
Excerpt from OCBC Investment Research report
Report Summary
- US stocks climbed, nearing record highs after a technical disruption and strong retail sales during the Black Friday period, though November saw a tech-driven correction; European equities continued their winning streak, while Asian markets were mixed, with Korea lagging.
- Silver surged to a record high due to supply shortages and Fed rate cut expectations; gold also rallied.
- Thai Beverage posted weaker-than-expected FY25 results due to subdued consumer sentiment and higher expenses, with pressure expected to persist in FY26; the fair value estimate was revised down to SGD0.55, but the rating remains BUY.
- Recent research covers Singapore blue chips, REITs, and major listed companies, with several “BUY” recommendations on large-cap stocks such as DBS, UOL Group, Singtel, and ST Engineering.
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/group/ocbc-investment-research
