Broker Name: Lim & Tan Securities
Date of Report: 06 February 2026
Excerpt from Lim & Tan Securities report.
- The FSSTI Index closed at 4,975.9, up 0.2% for the day, with year-to-date gains of 7.1%. Major indices like the S&P 500 and Nasdaq saw declines.
- CapitaLand Integrated Commercial Trust (CICT) reported distributable income growth of 16.4% year-on-year to S\$449.0 million for 2H 2025, with a distribution per unit (DPU) up 6.4% for FY2025 and a yield of 4.8%. The trust maintains high occupancy, strong fundamentals, and an “Accumulate” rating.
- First REIT’s DPU remained unchanged quarter-on-quarter but fell 8.1% year-on-year, mainly due to currency depreciation. The trust is undergoing a strategic review to deliver long-term value, and trades at a 7.9% yield with fair valuations and an “Accumulate on Weakness” call.
- China’s green finance sector continues rapid growth, reaching US\$6.8 trillion in outstanding balances, the largest globally, supporting the country’s dominance in green manufacturing.
- The US Federal Reserve maintains a wait-and-see approach, with expectations for potential dovish policy surprises later in the year due to weak consumer confidence and disinflation signals.
- Institutional investors were net sellers for the week, while retail investors were net buyers, with sector fund flows indicating retail buying in financial services and REITs.
- Dividend announcements and upcoming ex-dividend dates are listed for various Singapore-listed companies.
Report Summary:
- Singapore’s market shows resilience with key REITs like CICT delivering strong income growth, while First REIT faces headwinds from currency weakness but remains fundamentally stable.
- Global macro trends reflect cautious optimism in the US and strong green finance growth in China; local institutional and retail flows show diverging trends.
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: https://www.limtan.com.sg
