Broker Name: OCBC (Oversea-Chinese Banking Corporation)
Date of Report: 18 March 2026
Excerpt from OCBC report.
Report Summary
- Global markets showed resilience, with US and European stocks rising for a second session despite escalating geopolitical tensions and expectations that the US Federal Reserve will keep interest rates unchanged. Asian tech shares also advanced on upbeat sector outlooks, though concerns about rising energy costs persist.
- In Singapore, plantation stocks are supported by higher crude palm oil prices, with regulatory concerns in Indonesia easing. OCBC remains constructive on Bumitama Agri and Wilmar International, noting strong fundamentals but advises accumulating Bumitama Agri on pullbacks.
- Recent OCBC research covers a wide range of sectors including REITs, technology, industrials, and aviation, with ongoing attention to the impact of Middle East tensions on Singapore equities and sectoral performance.
- The Straits Times Index rose 1.4%, with notable gains in financial and real estate sectors. Key stocks such as DBS, OCBC, and UOB are highlighted by market capitalization, dividend yields, and ratings.
- OCBC’s ratings indicate a BUY when expected returns exceed 10%, HOLD for returns between +10% and -5%, and SELL for returns below -5%; stricter thresholds apply for smaller cap stocks.
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
