Broker: Lim & Tan Securities
Date of Report: 3 November 2025
Excerpt from Lim & Tan Securities report.
- Singapore’s FSSTI index remains steady year-to-date, with global indices showing similar positive trends. Institutional investors net bought S\$134.4m in the week of 20 October 2025, while retail investors net sold S\$249.8m.
- Coliwoo, Singapore’s largest co-living operator, is recommended as a strong IPO candidate due to its market leadership (approx. 19.5% share), high occupancy, robust financials, asset-light expansion, and backing from LHN Group. Target price set at S\$0.80, reflecting a conservative 25% discount to peers.
- CapitaLand Ascendas REIT’s Q3 occupancy declined slightly, but portfolio remains healthy. The manager expects growth with new properties and maintains a positive outlook, supported by a strong balance sheet and liquidity.
- US markets continue to show resilience, but the report advises a defensive allocation amid slowing growth and expensive valuations. Sector rotation into Industrials, Financials, and Consumer Discretionary is recommended in the US, while caution is advised for Healthcare due to regulatory risks.
- China’s copper smelters may reduce output amid ore shortages and government efforts to address overcapacity. This could impact global copper supply and prices.
- Several notable share transactions were recorded, including acquisitions and share buybacks by major Singapore-listed companies.
- Upcoming dividend and earnings events are listed for major Singapore companies in November 2025.
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
