Broker: OCBC
Date of Report: 23 February 2026
Excerpt from OCBC report
- US Market: The Supreme Court overturned Trump’s global tariffs, sparking a rally, but the White House quickly imposed new temporary tariffs, raising ongoing uncertainty. Major indices rose, with Amazon benefiting due to its China exposure.
- Europe: European markets hit record highs, particularly in luxury goods, supported by stronger-than-expected German business activity.
- Asia: Asian markets fell over renewed US-Iran tensions, with Japan and China indices down, but South Korea and India equities gaining.
- Stock Highlight – SIA Engineering: SIA Engineering reported strong growth with revenue and profit up nearly 9-10% year-on-year, benefiting from robust maintenance demand. The company is expanding capacity, with new hangars and operations launching, and has been upgraded to BUY with a raised fair value estimate, though start-up costs remain a risk.
- Singapore Market: The Straits Times Index rose slightly, while most world indices were mixed. OCBC’s top research picks include SIA Engineering, CapitaLand Investment, Keppel Ltd, and more, focusing on value and growth opportunities in Singapore’s large-cap stocks.
Report Summary
- Global equity markets reacted strongly to tariff and geopolitical developments, with the US and Europe advancing and Asia mixed.
- SIA Engineering is well-positioned for the ongoing aviation maintenance upcycle, expanding capacity and upgraded to BUY by OCBC.
Above is an excerpt from a report by OCBC. Clients of OCBC can be the first to access the full report from the OCBC website : https://www.ocbc.com/
