Broker Name: OCBC Investment Research
Date of Report: 30 September 2025
Excerpt from OCBC Investment Research report.
- Report Summary:
- Global stock markets showed modest gains, with the S&P 500 up over 3% for the month despite concerns about US tariffs, potential government shutdown, and key economic data releases.
- In Asia, the MSCI Asia Pacific Index climbed, driven by Chinese tech stocks; China’s Golden Week holiday and recent stimulus may support consumer sentiment.
- China CITIC Bank received an upgraded rating due to improved ESG metrics, stable asset quality, and a higher fair value estimate; upgraded from ‘Hold’ to ‘Buy’.
- CapitaLand China Trust completed a retail asset divestment, but near-term distribution per unit (DPU) recovery is expected to be slow; rating remains ‘Hold’ with a revised fair value of SGD0.705.
- Latest research ideas feature sector updates, key stock recommendations, and market statistics for major Singapore stocks.
- Disclosures highlight that ratings are medium-term (12 months), and investment suitability depends on individual circumstances.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC website: https://www.ocbc.com/group/investment-research
