Broker: OCBC Group
Date of Report: 20 May 2026
Excerpt from OCBC Group report.
Report Summary
- Asia Equities – Key Idea: OCBC highlights potential beneficiaries from an expected El Niño event in summer 2026. The bank believes palm oil plantations, coal miners, and consumer durable manufacturers in Asia Pacific could benefit in the next 9-12 months due to possible inflationary pressures and economic shifts.
Action: Focus on these sectors for potential outperformance. - Actionable Buy Calls & Target Prices:
- NetLink NBN Trust (NETLINK SP): BUY, Target Price SGD 1.12
- Thai Beverage (THBEV SP): BUY, Target Price SGD 0.55
- ComfortDelGro Corporation (CD SP): BUY, Target Price SGD 1.57
- Keppel Infrastructure Trust (KIT SP): BUY, Target Price SGD 0.580
- Bumitama Agri Ltd (BAL SP): BUY, Target Price SGD 2.20
- Genting Singapore (GENS SP): BUY, Target Price SGD 0.77
- SIA Engineering Co Ltd (SIE SP): BUY, Target Price SGD 4.00
- United Overseas Bank Ltd (UOB SP): BUY, Target Price SGD 41.00
- Jiangxi Copper Co Ltd (358 HK, 600362 CH): BUY, Target Price HKD 53.40 / CNY 62.70
- Mapletree Logistics Trust (MLT SP): BUY, Target Price SGD 1.36
- Frasers Logistics & Commercial Trust (FLT SP): BUY, Target Price SGD 1.05
- Parkway Life REIT (PREIT SP): BUY, Target Price SGD 4.82
- Key Implications: OCBC’s actionable ideas focus on sector rotation within Asia Pacific, particularly into beneficiaries of weather-related events and defensive names with strong dividend yields. The report offers a range of BUY calls with specified target prices, indicating conviction in selected stocks’ upside potential over a 12-month horizon.
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
