Broker: Lim & Tan Securities
Date of Report: 26 March 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Singapore’s FSSTI Index posted a year-to-date gain of 5.6%, with US stocks rebounding on news of a potential cease-fire in the Middle East.
- Keppel Ltd reported a 39% year-on-year surge in FY2025 net profit to \$1.1 billion, driven by growth in Infrastructure, Real Estate, and Connectivity, and continued asset monetisation and strong shareholder returns.
- ComfortDelGro crossed S\$5 billion in revenue for the first time, with 55.3% from overseas, and posted 13% revenue growth and 9.4% higher profit, highlighting successful international expansion and new mobility initiatives.
- Sector highlights: Mapletree and Frasers REITs offer high forward yields; Yangzijiang Shipbuilding, Thai Beverage, and UOB Bank feature among stocks with low forward P/E ratios.
- China’s insurers face challenges underwriting NEV (electric vehicle) policies due to higher claims and repair costs, despite higher premiums, with the sector expected to grow significantly by 2030.
- Institutional investors had a net sell of S\$93m in Singapore stocks for the week, while retail investors were net buyers with S\$167m, showing active market participation and rotation across sectors.
- Notable share buybacks and acquisitions occurred across key Singapore-listed companies, including Keppel Ltd, ComfortDelGro, UOB, OCBC, Singtel, and others.
- Upcoming dividend and special distribution dates for major Singapore stocks are listed, covering April–June 2026.
- Macro updates: Manufacturing activity shows signs of expansion in the US; Chinese insurers struggle to profit from NEV insurance as electric vehicle adoption accelerates.
- The report includes a standard research disclaimer and regulatory disclosures from Lim & Tan Securities.
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
