Broker Name: OCBC Group Research
Date of Report: 9 February 2026

Excerpt from OCBC Group Research report.

Report Summary:

• Global markets rebounded sharply led by US equities, with the Dow closing above 50,000 for the first time, fueled by rotation into industrials and financials and strong earnings reports. The S&P 500 and Nasdaq also posted strong gains, though tech stocks saw pressure earlier in the week. Europe and Asia saw mixed performance, with notable rebounds in certain sectors.
• Singapore market activity was mixed with the Straits Times Index down 0.8%, but turnover rose. Keppel Ltd reported robust infrastructure-led earnings and declared a special dividend; CapitaLand Ascendas REIT delivered strong rental reversions but expects moderation ahead; First REIT faced FX headwinds impacting DPU; Singapore Exchange (SGX) posted a strong half-year, raised dividends, and remains optimistic on reforms and growth.
• OCBC’s latest research includes revised fair value estimates and ratings for major Singapore-listed stocks, with Keppel, CapitaLand Ascendas REIT, and Keppel DC REIT among the top BUYs. The report includes market summaries, company updates, and sector insights for investors.
• Key market statistics, world indices, and company financial metrics are provided to guide investment decisions, including recommendations and fair value estimates for STI component stocks.

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