Broker Name: OCBC Group Research
Date of Report: 23 January 2026

Excerpt from OCBC Group Research report.

Report Summary:

• Global equity markets were volatile due to geopolitical tensions and tariff threats, but US risk assets rebounded as tensions eased. The US dollar saw a sharp sell-off, while European equities recorded their first weekly decline in six weeks, and Asian equities ended broadly flat after recovering from earlier losses.
• Suntec REIT posted strong FY25 results with a 13.6% YoY jump in distribution per unit (DPU), outperforming expectations, supported by lower finance costs and one-off items. The REIT gave positive rental reversion guidance for Singapore retail and office portfolios in FY26 and maintained manageable leverage, with improved prospects for the Singapore office market leading to a higher fair value estimate and a HOLD rating.
• Key market statistics and recommendations for major Singapore stocks are provided, highlighting latest research coverage and fair value estimates for selected companies within the OCBC research universe.

Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC Group Research website: https://www.ocbc.com