Broker Name: Lim & Tan Securities
Date of Report: 11 February 2026
Excerpt from Lim & Tan Securities report.
- Singapore’s FSSTI index rose 6.8% YTD, with global equities mixed amid profit-taking and macro uncertainty.
- CapitaLand Investment (CLI) posted stronger operating profits but lower total PATMI due to China portfolio revaluation losses; CLI maintains growth with increased FUM and a proposed 12c dividend, but upside is limited, rated HOLD.
- NTT DC REIT’s business update showed stable earnings, strong leasing momentum, and solid balance sheet; it is seen as a beneficiary of robust data centre growth and moderating rates, rated “Accumulate On Weakness.”
- Institutional investors were net sellers (-S\$121.6m), while retail investors were net buyers (+S\$103.4m) in the week of 2 February 2026; sector flows indicate active trading in financials, technology, and REITs.
- Macro news highlights rising financial stress among lower-income US consumers and significant fund portfolio disposals in Asia, with asset allocators seeking liquidity amid valuation discounts.
- Dividend announcements and corporate share transactions are detailed, reflecting active capital management by listed companies.
Report Summary
- CapitaLand Investment and NTT DC REIT demonstrated resilient earnings and growth strategies, with CLI rated HOLD and NTT DC REIT rated “Accumulate On Weakness.”
- Market flows and macro trends reveal profit-taking, sector rotation, and rising financial stress among lower-income US consumers, while Asian asset allocators are pursuing liquidity through secondary sales.
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
