Broker Name: OCBC Group Research
Date of Report: 4 February 2026
Excerpt from OCBC Group Research report.
Report Summary:
- A sharp sell-off in US technology shares led to market volatility, with a rotation into energy stocks as oil prices rose following geopolitical tensions.
- Precious metals rebounded, while concerns grew over AI developments potentially disrupting software companies, especially after Anthropic launched new legal-automation tools.
- European equities remained resilient, with value stocks driving gains, though the media sector lagged due to conservative guidance from Publicis Groupe.
- Asia-Pacific markets saw strong gains, but may be influenced by US market declines; the Singapore market performed well, led by the Straits Times Index.
- Parkway Life REIT (PREIT SP) continued its uninterrupted DPU growth, driven by asset enhancements, overseas portfolio expansion in France and Japan, and robust capital management. The REIT’s portfolio remains anchored in Singapore, with a revised fair value of SGD4.83 and a BUY rating.
- Recent research highlights from OCBC Group Research include positive outlooks on Singapore REITs, industrials, and selected Asia-listed companies, with recommendations and fair value estimates provided.
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 website: https://www.ocbc.com/group/gateway
