Broker Name: Maybank Research Pte Ltd
Date of Report: 16 January 2026
Excerpt from Maybank Research Pte Ltd report.
- Singapore enters 2026 in a “sweet spot” with macro resilience, structural reforms, and attractive valuations, supporting a positive market outlook and upside earnings risks. The STI is expected to rerate towards a target of 5,600, with top picks including CICT, Coliwoo, CSE, FEH, LREIT, OCBC, Sea, SGX, STH, and SUN.
- Singapore REITs are well-positioned for 2026, benefiting from rising distributions, lower funding costs, and portfolio reconstitution, with commercial, industrial, and hospitality sub-sectors preferred. Key REIT picks are CICT, CLAR, CLAS, LREIT, MLT, OUEREIT, and SUN.
- United Hampshire US REIT acquired a freehold retail property below independent valuation, boosting its portfolio diversification and income, with a projected 2% uplift in DPU.
- Lum Chang Creations expects a significant improvement in net profit for 1HFY2026 due to strong performance in restoration and fit-out business.
- UOB plans to issue SGD850m in AT1 perpetual capital securities with a fixed 3% distribution rate, subject to resets every seven years.
- SIA’s passenger and cargo traffic set new records in 2025, supported by year-end travel and freight demand.
- The report includes standard disclaimers regarding investment advice, risks, and regulatory jurisdiction, and details interest disclosures and rating definitions.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website: https://www.maybank.com
