Broker Name: Maybank Research Pte Ltd
Date of Report: 12 December 2025

Excerpt from Maybank Research Pte Ltd report.

Report Summary

• Singapore Exchange (SGX) is entering a new growth phase, benefitting from strong equity market activity, stable costs, and market reforms that could boost dividends and valuations.
• Major corporate actions highlighted include Sembcorp Industries acquiring Alinta Energy to strengthen its renewables platform in Australia, Keppel REIT increasing its stake in Marina Bay Financial Centre Tower 3, and Seatrium securing a large offshore project contract, signaling continued positive momentum in Singapore’s equity and infrastructure sectors.

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website: https://www.maybank.com/investment-banking/