Broker: OCBC Group
Date of Report: 16 February 2026
Excerpt from OCBC Group report.
- Report Summary
- Global equity markets displayed mixed performance, with US stocks rising slightly after subdued inflation data and European indices posting a modest retreat but maintaining weekly gains. Asian markets saw a pullback yet remained resilient due to increased foreign demand, especially in the AI supply chain.
- Singapore’s 2026 Budget introduces a SGD1.5b boost to the local equities market, targeting strategic industries such as defence, solar power, and sustainable aviation. The government aims to nurture startups and attract high-quality companies for long-term growth.
- Singapore equities are forecasted to remain strong, supported by positive earnings, a robust currency, high dividend yields, and its safe haven status amidst global tensions. The Straits Times Index (STI) base target is increased to 5,250, with potential for further upside.
- OCBC Group provides updated research ratings for major Singapore stocks, highlighting buy, hold, and sell recommendations across sectors.
Above is an excerpt from a report by OCBC Group. Clients of OCBC Group can be the first to access the full report from the OCBC Group website: https://www.ocbc.com
