Broker Name: OCBC Investment Research
Date of Report: 17 November 2025
Excerpt from OCBC Investment Research report.
Report Summary:

• Global equities ended the week mixed; US indices showed resilience despite inflation concerns and speculation on Fed rate cuts. European and Asian markets declined, with tech and banking sectors lagging and energy outperforming.
• Singapore market saw notable company updates: Singtel raised FY26 guidance and declared higher dividends; ST Engineering achieved strong revenue and order book growth; SATS posted resilient earnings with an upgraded fair value; SIA’s revenue hit a record but profits dropped due to Air India losses; Bumitama Agri’s profit rose despite lower revenue, with sustainability initiatives ongoing.
• Major Singapore blue chips and sector leaders were highlighted with updated recommendations and fair value estimates, reflecting operational momentum, dividend outlooks, and ESG progress.

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 Investment Research website: https://www.ocbc.com/group/investment-research.html