Broker: OCBC Group
Date of Report: 27 February 2026

Excerpt from OCBC Group report.

• US Market: AI-linked stocks, especially Nvidia and other Magnificent Seven members, saw declines as investors questioned sustainability of AI spending and industry disruption.
• Europe: Old economy sectors shielded European equities from AI disruption, with the Stoxx Europe 600 flat and Rolls-Royce rallying after a share buyback.
• Asia: Chipmakers drove a fourth consecutive day of gains, notably pushing South Korea’s Kospi to an all-time high.
• CapitaLand India Trust: Raised SGD150m via private placement for forward asset purchases; expects DPU accretion and maintains BUY rating with revised fair value estimate.
• Sembcorp Industries: Mixed results with renewables outperforming, but gas segment faced headwinds; maintains BUY rating despite lowering fair value estimate.
• Hong Leong Asia Ltd: Strong earnings growth driven by Powertrain Solutions and recovering Building Materials segment; revised fair value estimate upwards and reiterates BUY.
• Latest Research: OCBC covered major Singapore stocks with updated ratings and fair values across banking, REITs, industrial, and consumer sectors.
• STI Market Stats: Key Singapore stocks sorted by market cap, dividend yields, P/E ratios, and recommendations included.
• Disclosure: OCBC ratings explained; BUY indicates >10% returns, HOLD is ±10%, SELL is <–5%. For small caps, thresholds are higher.

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