Broker Name: Lim & Tan Securities
Date of Report: 12 January 2026
Excerpt from Lim & Tan Securities report.
Report Summary:
- The Singapore equity market saw a strong year in 2025, with the Straits Times Index (STI) reaching all-time highs and total returns of 28.8%, outperforming most ASEAN peers.
- SGX Group experienced record trading volumes across equities, derivatives, FX, and commodities, cementing its position as Asia’s leading multi-asset exchange.
- Retail and institutional participation both increased, reflecting renewed investor confidence and a more balanced market ecosystem.
- Jumbo Group reported stable revenues but lower profits due to higher operating costs and softer regional demand; it remains resilient with a decent dividend yield and upside potential.
- SGX Group is rated HOLD due to strong fundamentals but lofty valuations exceeding consensus target prices.
- China is taking a cautious stance on digital assets, advising some brokerages to halt real-world asset (RWA) tokenisation in Hong Kong amid booming crypto enthusiasm.
- Global macroeconomic conditions remain mixed, with US equities led by AI names, Europe sluggish, and China focused on stabilization amid deflationary pressures.
- Institutional and retail fund flows showed varying sector preferences, with notable net buys and sells in major Singapore stocks over the last week of December 2025.
- Upcoming dividend distributions and corporate action dates for various Singapore-listed companies are provided.
- Detailed share transactions, buybacks, and fund flow data are included for the Singapore market.
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
