Broker: Lim & Tan Securities
Date of Report: 24 February 2026

Excerpt from Lim & Tan Securities report.

Report Summary

• The FSSTI Index closed at a 52-week high of 5,041.3, up 8.5% year-to-date, as regional and global markets experienced mixed performance.
• UOB Group delivered a resilient FY25 with operating profit at S\$7.7 billion, but net profit moderated 23% to S\$4.7 billion due to pre-emptive provisioning amid macro uncertainties. Dividend payout ratio is about 50% with a special dividend added. The stock is rated HOLD given limited upside and expected downward revisions to earnings estimates.
• APAC Realty posted strong earnings rebound in FY2025 with profit after tax tripling, driven by a surge in new private residential sales. Dividend yield is attractive at 6.1% and the company has a net cash position; recommendation is “Accumulate on Weakness”.
• Fund flow data show institutional investors were net buyers (+S\$204.7m), while retail investors were net sellers (-S\$180.0m) for the week of 16 Feb 2026. Key institutional buys include Singtel, Yangzijiang Shipbuilding, SIA, and Genting Singapore.
• Macro news highlights Xiaomi’s ambitious global EV expansion plans despite high tariffs in Europe and the US, and signs of global manufacturing recovery, which could support equity market momentum if confirmed.
• Dividend and special distribution schedules for major listed companies are provided for February and March 2026.
• Share transactions including acquisitions, disposals, and buybacks are detailed for major Singapore companies.

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