Broker Name: Lim & Tan Securities
Date of Report: 26 December 2025

Excerpt from Lim & Tan Securities report.

Report Summary
• Major global indices closed higher with the US markets seeing a “Santa Claus rally”, driven by resilient economic data, rate cut expectations, and renewed optimism in AI-related stocks.
• Frasers Centrepoint Trust (FCT) had a strong FY25, with robust financials, strategic acquisitions, and continued sustainability progress; it is well-positioned for long-term growth amid supportive market tailwinds.
• China’s push for homegrown technology continues to benefit local chipmakers, with notable gains in key stocks despite concerns over high valuations and long-term US-China decoupling in semiconductors.
• Recent share transactions and buybacks were highlighted, alongside dividend announcements from multiple listed companies.

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