Broker Name: Lim & Tan Securities
Date of Report: 29 October 2025
Excerpt from Lim & Tan Securities report.
- Singapore’s FSSTI Index is up 17.5% year-to-date; major global indices also saw strong gains, while commodities like gold surged and crude oil fell.
- CapitaLand Ascott Trust (CLAS) reported a 1% YoY increase in 3Q2025 gross profit, driven by portfolio reconstitution and asset enhancements, offsetting FX depreciation; maintain “Accumulate” with 11% upside potential and a 6.4% forward yield.
- Keppel REIT posted 5.5% higher property income and 8.6% higher NPI for 9M2025, sustained by high occupancy, rental reversions, and a new retail asset in Sydney; trades at a 5.2% yield with a stable outlook.
- Private equity flows into Asia have fallen due to reduced China allocations, with India as a bright spot, while renewed global interest in China is emerging amid US policy shifts.
- US macro outlook notes that AI’s economic impact remains limited, and equity valuations may be vulnerable if productivity gains do not materialize as expected.
- Share transaction highlights and dividend schedules for major SGX stocks provided, along with watch-list companies and upcoming corporate events.
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
