Report Summary

• Singapore delivered greater certainty in 2025 despite global uncertainty, aided by AI adoption, effective policy and rational competition, leading to more stable returns for top stocks including CICT, CD, CSE, GRAB, MLT, OCBC, SGX, SSG, and ST.
• Centurion Accommodation REIT (CAREIT) is rated BUY, with strong projected distributable income growth (13.8% CAGR FY25-27E), driven by rental increases, asset enhancements, and bed capacity expansion.
• ASEAN-6 GDP is forecast to grow at 4.6% in 2026, supported by AI spending, easing monetary policy and rising FDI, which will help cushion tariff impacts and drive tech exports, energy demand, and construction.
• SingPost will raise domestic mail rates starting January 2026 due to a 40% drop in mail volumes since FY20 and rising operational costs.
• Golden Agri-Resources, Yangzijiang Maritime Development, and CAREIT have joined the iEdge Singapore Next 50 Index, enhancing stock market vibrancy.
• Mandarin Oriental shareholders approved privatization, pending completion of property sale in Hong Kong.
• The report contains standard legal disclaimers, rating definitions, and details on analyst independence and regulatory disclosures.