Excerpt from Lim & Tan Securities report.

Report Summary

• Singapore Exchange (SGX) reported its highest securities daily average value since 2020, with broad-based market strength and Straits Times Index (STI) reaching an all-time high above 5,000 points.
• Trading activity surged across all segments, including a 172% year-on-year jump in ETF turnover, driven by institutional and retail demand.
• SGX’s derivatives and FX futures also hit record volumes, especially in Asian currency contracts, supported by active risk management during regional holidays.
• Despite strong operational performance, SGX’s current valuation is considered rich, leading to a HOLD recommendation.
• UltraGreen.ai, a recent IPO, expanded its regulatory approvals for its imaging system in South and Southeast Asia, supporting its unique, AI-driven healthcare growth story.
• Institutional investors were net sellers while retail investors were net buyers for the week, with sector flows showing strong activity in financials and technology.
• China’s tech giants, like Alibaba and Tencent, are returning to active deal-making as regulatory pressures ease, focusing on AI and tech investments.
• Dividend and special distribution announcements feature prominently for several major Singapore-listed companies in March-May 2026.

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