Broker Name: OCBC Group Research
Date of Report: 10 February 2026
Excerpt from OCBC Group Research report.
- Global equity markets saw gains, led by technology shares in the US and Asia, with strong performances from companies like Oracle and Samsung Electronics amid ongoing AI investment and resilient chip demand.
- In Singapore, CapitaLand Integrated Commercial Trust (CICT) posted strong FY25 results and is rated BUY, DBS Group Holdings is rated HOLD with attractive dividends, and Sheng Siong Group is downgraded to HOLD due to stretched valuations after a strong rally.
Report Summary
- US stocks rose, especially tech shares, as AI investment momentum continues; Alphabet announced a US\$20bn bond issue.
- European markets advanced, notably with Novo Nordisk, while Asian tech stocks outperformed on chip demand, led by Samsung and Japan.
- CapitaLand Integrated Commercial Trust (CICT) exceeded expectations with strong DPU growth, high occupancy rates, and improved leverage, maintaining a BUY rating.
- DBS Group Holdings’ latest results missed expectations but maintains a stable asset quality, high capital returns, and a 5.5% dividend yield; rated HOLD.
- Sheng Siong Group’s valuation is considered stretched after a 60% rally in 2025, leading to a downgrade to HOLD despite stable demand for essentials.
- Other Singapore stocks highlighted include Keppel Ltd, CapitaLand Ascendas REIT, and Mapletree REITs with mixed ratings and sector outlooks.
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
