Broker Name: OCBC Group Research
Date of Report: 28 January 2026
Excerpt from OCBC Group Research report.
Report Summary
- Global equity markets: US stocks advanced to record highs on optimism around corporate earnings, with technology shares leading the Nasdaq. Europe saw gains driven by a free trade deal with India and strong bank earnings, while Asia was lifted by tech stocks in Taiwan and South Korea, and India’s exporters.
- Singapore market: The Straits Times Index rose 1.3% to a record close, with strong performances from financials and real estate; trading turnover increased sharply.
- OUE REIT: Delivered an 8.3% year-on-year jump in FY25 DPU, exceeding estimates mainly due to lower financing costs. Office segment remained resilient, with positive rental reversions. Management expects further interest savings and is focusing on capital allocation for growth, maintaining a core focus on Singapore.
- Mapletree Logistics Trust (MLT): 3QFY26 DPU fell 9.3% YoY, weighed by FX and divestments. Portfolio occupancy improved slightly, but China remains a drag. Management expects a gradual recovery and is cautious on new acquisitions; rating downgraded to HOLD.
- Singapore equities and AI: The government is prioritising infrastructure for AI adoption, benefiting sectors like data centres, semiconductors, and power, with banks and industrials leading in AI uptake.
- Top STI stocks by market cap: DBS, OCBC, and Singtel remain the largest constituents, with banks, real estate, and REITs featuring prominently.
Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC Group Research website: https://www.ocbc.com/group/research
