Broker Name: OCBC Group
Date of Report: 3 February 2026
Excerpt from OCBC Group report.
- US equities rose on robust manufacturing data, with major indices posting gains despite ongoing rate uncertainty; memory-chip stocks outperformed while Disney shares fell sharply.
- European stocks advanced, led by defensives, as investors remained cautious amid geopolitical and economic uncertainty; real estate lagged.
- Asian markets declined significantly, especially tech and materials sectors, as risk-off sentiment prevailed; precious metals and base metals extended losses.
- Keppel DC REIT delivered solid FY25 results, with strong DPU and NPI growth driven by acquisitions and organic expansion; outlook remains positive with continued focus on operational efficiency and portfolio growth.
- CapitaLand India Trust reported healthy DPU and occupancy gains, securing new hyperscaler tenants and achieving accretive divestments; cost of debt management supports future DPU growth.
- Starhill Global REIT posted stable results but faces limited DPU growth drivers; occupancy to recover with new China tenant, but tight cap rates challenge acquisition opportunities.
- Latest research highlights include positive ratings for selected Singapore REITs and industrials, with a focus on AI themes and resilience in select sectors.
- Market statistics show mixed performance across global indices and commodities, with notable volatility in Asian benchmarks and precious metals.
Report Summary:
Global equity markets showed mixed performance, with US and Europe advancing while Asia declined amid risk-off sentiment and commodity volatility. Key Singapore REITs and trusts such as Keppel DC REIT and CapitaLand India Trust posted solid results and positive outlooks, while Starhill Global REIT remains stable but lacks near-term growth catalysts. OCBC continues to highlight select opportunities in Singapore equities, REITs, and industrials.
Above is an excerpt from a report by OCBC Group. Clients of OCBC Group can be the first to access the full report from the OCBC Group website : https://www.ocbc.com
