Broker: KGI

Date of Report: 29 Jan 2026

Excerpt from KGI report:

Report Summary

• UOB
  Action: BUY
  Entry: 35.5
  Target Price: 40.5
  Stop Loss: 33.0
  Key Idea: Front-loaded provisioning reduces downside risk and improves earnings visibility for FY26. Stable policy supports NIM stability and dividend outlook remains intact.
• Singtel Ltd (ST SP)
  Action: BUY
  Entry: 4.8
  Target Price: 5.8
  Stop Loss: 4.3
  Key Idea: Optus execution is improving, associates are compounding, and capital returns are in focus. Portfolio actions and associates’ growth drive valuation support and underlying profit growth.

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