Broker Name: OCBC
Date of Report: 11 February 2026

Excerpt from OCBC report.

Report Summary

• Global equity markets showed mixed performance: US stocks dipped on weak retail sales and rising consumer delinquencies, while Asian markets rose on tech gains and European stocks were muted due to mixed earnings.
• Boustead Singapore is progressing with the spin-off and listing of UI Boustead REIT, unlocking value but with possible near-term share price correction; medium-term outlook remains positive, with a revised fair value estimate of SGD2.45 and a reiterated BUY rating.
• Singapore’s hospitality sector is expected to meet its 2026 visitor target and see firmer hotel performance, while upstream aviation players are preferred due to a multi-year MRO upcycle.
• Recent OCBC research highlights include BUY recommendations on Boustead Singapore, CapitaLand Integrated Commercial Trust, Keppel Ltd, and other key Singapore stocks and REITs.
• Market data and STI constituents overview provided, with guidance on sector performance, dividend yields, and analyst ratings.

Above is an excerpt from a report by OCBC. Clients of OCBC can be the first to access the full report from the OCBC website: https://www.ocbc.com