Lim & Tan Securities, 20 January 2026
Excerpt from Lim & Tan Securities report.
- Singapore equities: The FSSTI index closed at 4,834.9, slightly down for the day but up 4.1% month-to-date and year-to-date. Trading activity remains healthy, with notable price movements across major indices and commodities.
- Yangzijiang Maritime Development: Announced plans for an Extraordinary General Meeting to seek approval for a share buy-back mandate, aiming to repurchase up to 10% of its issued shares. The company has strong financials and intends to recommend dividends of at least 40% of net profit for FY2025. Share buybacks are intended to support liquidity, reward shareholders, and demonstrate management’s confidence.
- Mapletree & SP Group Sustainability Initiative: Mapletree and Mapletree Pan Asia Commercial Trust are partnering with SP Group to implement Singapore’s second brownfield Distributed District Cooling system at HarbourFront Precinct, targeting Net Zero by 2050. This system will enhance energy efficiency, reduce carbon emissions, and free up operational space, supporting Singapore’s climate goals.
- Macro market insights: Commodity strategists remain bearish on LME copper due to global trade weakness and inventory overhang, while bullish on gold. Chinese battery giant CATL is seen as undervalued despite its rapid stock price rise, supported by strong market position in energy storage and policy tailwinds.
- Share transactions: Detailed recent acquisitions, disposals, and buybacks across various SGX-listed companies, with institutional investors net buyers and retail investors net sellers for the week of 12 January.
- Upcoming events: Calendar highlights key ex-dividend dates and earnings releases for major Singapore companies over January and February 2026.
Report Summary
- Slight dip in Singapore stock market, but overall positive momentum for the month and year.
- Yangzijiang Maritime proposes share buy-back to reward shareholders and support stock price.
- Mapletree and SP Group launch major energy-efficient cooling system to support sustainability targets.
- Commodity strategists advise caution on copper; CATL viewed as undervalued in the battery sector.
- Institutional investors were net buyers last week, retail investors net sellers.
- Key corporate actions and upcoming dividend/earnings events detailed for Singapore-listed companies.
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 : www.limtan.com.sg
