Broker: Lim & Tan Securities
Date of Report: 7 May 2026
Excerpt from Lim & Tan Securities report
Report Summary
- UOB (United Overseas Bank) Price: \$36.65 Action: Accumulate Target Price: \$39.00 Key Information: UOB posted S\$1.4 billion net profit for 1Q26, stable and in line with expectations. Net interest income moderated, net fee income grew 2% QoQ, non-interest income rose 45% QoQ. Dividend yield just under 5%, forward PE of 11x. Target price implies 7% upside. Recommendation: Maintain “Accumulate”.
- AIMS APAC REIT Price: \$1.52 Action: Accumulate on weakness Target Price: \$1.65 Key Information: DPU up 2.6% to 9.85 cents, portfolio occupancy at 93.6%. Market cap S\$1.2bln, trades at 15.4x forward PE, 1.2x PB, dividend yield 6.7%. Target price implies 8.6% upside. Recommendation: Maintain “Accumulate on weakness” due to recent price rise.
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