Broker Name: Lim & Tan Securities
Date of Report: 19 January 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- US stocks showed little change, but futures fell 1% due to Trump’s new tariffs on Europe, reigniting tensions with the EU and prompting discussions of possible retaliatory measures. Uncertainty led to a rally in precious metals.
- Singapore’s CapitaLand Integrated Commercial Trust (CICT) secured the Hougang Central site for S\$1.5 billion, marking its first major retail expansion into the northeast and reinforcing its position as the leading proxy for Singapore commercial real estate.
- CICT will develop the largest mall in Hougang, aiming to tap into an area with low private retail space per capita and a large, growing population. The project is expected to yield over 5% and be completed around 2030-2031.
- Starbucks China is introducing free “study rooms” and other initiatives in response to rising local competition and changing consumer habits, aiming to increase foot traffic and community engagement.
- US macro data points to weak business confidence, subdued hiring, and excess inventories, suggesting a defensive investment approach as the best-case outcome for equities is a rangebound market.
- Institutional investors were net buyers (+S\$53.8m) in Singapore equities for the week of 5 Jan 2026, while retail investors were net sellers (-S\$66.5m), with flows concentrated in financials, industrials, and technology.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
