Broker Name: Maybank Research Pte Ltd
Date of Report: 11 December 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary:
- Singapore’s equity market in 2025 benefited from increased certainty in returns, supported by AI deployment, policy reforms, and rational competition. Top stock picks include CICT, ComfortDelGro (CDG), CSE, GRAB, MLT, OCBC, SGX, SSG, and ST.
- ComfortDelGro secured a license for autonomous vehicle (AV) road trials in Punggol, advancing its AV strategy and collaborating with Hello Robotaxi for commercial deployment in China.
- Centurion Accommodation REIT (CAREIT) is initiated with a BUY rating, expecting distributable income to grow at a CAGR of 13.8% from FY25–27E, driven by rent reversion, asset enhancements, and increased bed capacity.
- Seatrium won a repeat contract from International Maritime Industries for a jack-up rig, highlighting ongoing business momentum.
- Acrophyte Hospitality Trust is divesting a low-performing hotel to redeploy capital for renovations, reduce debt, or acquire higher-yield assets.
- Olam Group’s subsidiary ofi secured a USD1.12bn dual-currency loan facility, mainly for refinancing and general corporate purposes.
- The report provides standard disclaimers, analyst certifications, and definitions of investment ratings (BUY, HOLD, SELL).
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank IBG website : https://www.maybank.com/en/investment-banking.page
