Broker: OCBC Group
Date of Report: 20 May 2026

Excerpt from OCBC Group report.

Report Summary

• Actionable Buy Calls (with Target Price):
  • NetLink NBN Trust (NETLINK SP): BUY, Target Price: SGD 1.12
    Key Idea: Steady dividend growth.
  • Thai Beverage (THBEV SP): BUY, Target Price: SGD 0.55
    Key Idea: Tailwinds from lower raw material costs.
  • Singapore Airlines (SIA SP): HOLD, Target Price: SGD 6.65
    Key Idea: Playing the long game.
  • ComfortDelGro (CD SP): BUY, Target Price: SGD 1.57
    Key Idea: Off track but with potential upside.
  • Keppel Infrastructure Trust (KIT SP): BUY, Target Price: SGD 0.58
    Key Idea: Resilience amid challenges.
  • Bumitama Agri Ltd (BAL SP): BUY, Target Price: SGD 2.20
    Key Idea: Positive outlook for palm oil sector.
  • Genting Singapore (GENS SP): BUY, Target Price: SGD 0.77
    Key Idea: Recovery expected despite a weak quarter.
  • SIA Engineering (SIE SP): BUY, Target Price: SGD 4.00
    Key Idea: Long-term growth trajectory intact.
  • United Overseas Bank (UOB SP): BUY, Target Price: SGD 41.00
    Key Idea: Wealth business driving growth.
  • Jiangxi Copper (358 HK / 600362 CH): BUY, Target Price: HKD 53.40 / CNY 62.70
    Key Idea: Leveraging sulfuric acid price upside.
  • Mapletree Logistics Trust (MLT SP): BUY, Target Price: SGD 1.36
    Key Idea: Value opportunity after recent correction.
  • Frasers Logistics & Commercial Trust (FLT SP): BUY, Target Price: SGD 1.05
    Key Idea: Primed for an upgrade.
  • Parkway Life REIT (PREIT SP): BUY, Target Price: SGD 4.82
    Key Idea: Defensive healthcare REIT.
• Sector/Theme Highlight:
  • Asia Equities – El Niño Impact: Monitor palm oil plantations, coal miners, and consumer durable manufacturers as potential beneficiaries if El Niño intensifies (No specific tickers).
• Actionable Insights: Focus on stocks with BUY ratings and clear growth or recovery themes. Key target prices are listed above for immediate portfolio consideration.

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