Broker: OCBC Group Research
Date of Report: 10 June 2026

Excerpt from OCBC Group Research report.

Report Summary

• Q&M Dental Group (QNM SP):
  Action: BUY
  Target Price: SGD 0.76
  Key Idea: The company is positioned to deliver returns through its core dental business, with a positive outlook on building sustainable growth and yield.
• Seatrium Limited (STM SP):
  Action: BUY
  Target Price: SGD 2.79
  Key Idea: Order wins are driving the company’s growth, supporting a bullish stance.
• CapitaLand Ascott Trust (CLAS SP):
  Action: BUY
  Target Price: SGD 0.950
  Key Idea: Opportunistic divestments are supporting the company’s financial flexibility and growth.
• Boustead Singapore (BOCS SP):
  Action: BUY
  Target Price: SGD 2.67
  Key Idea: Investors are encouraged to look beyond short-term noise for robust value.
• Frasers Logistics & Commercial Trust (FLT SP):
  Action: BUY
  Target Price: SGD 1.07
  Key Idea: Utilising debt headroom for further growth.
• SATS Ltd (SATS SP):
  Action: BUY
  Target Price: SGD 4.20
  Key Idea: Despite navigating an ‘air pocket’, the medium-term outlook remains positive.
• Singapore Telecommunications (ST SP):
  Action: BUY
  Target Price: SGD 5.75
  Key Idea: Long-term growth outlook remains intact.
• NetLink NBN Trust (NETLINK SP):
  Action: BUY
  Target Price: SGD 1.12
  Key Idea: Steady dividend growth anticipated.
• Thai Beverage (THBEV SP):
  Action: BUY
  Target Price: SGD 0.55
  Key Idea: Expected tailwinds due to lower raw material costs.
• ComfortDelGro Corporation (CD SP):
  Action: BUY
  Target Price: SGD 1.57
  Key Idea: The company is seen as undervalued despite being “off track” in the short term.
• Keppel Infrastructure Trust (KIT SP):
  Action: BUY
  Target Price: SGD 0.580
  Key Idea: Resilient performance, described as “a tree that bends but doesn’t break”.

above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website : https://www.ocbc.com