Capital Markets & Currencies

BROKERS’ TAKE

UOBKH forecasts STI to hit 5,400 by end-2026; bets on EQDP boost, banking giants

The call follows a strong performance in 2025, during which the STI rose 22.7%

The gains come ahead of the US Federal Reserve’s two-day meeting this week.

STI breaks 4,900 amid expectations for Fed to hold rates steady

The benchmark index hits a record as DBS and OCBC notch gains of at least 1%

By 9.22 am, the stock eased to S$10.94, but was still up by 5.7% or S$0.59, with some 519,100 shares transacted.
HOT STOCK

UOL rises 6.7% to highest price in over two decades after JPMorgan target price upgrade

A UOL consortium has won the tender for a mixed-use site in Hougang Central

ST Engineering in December last year won a government contract to produce the next-generation Infantry Fighting Vehicles.

Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27):

The Stoxx 600 closed 0.2 per cent higher at 609.57 points on Monday - its highest in over a week.

European shares settle higher with focus on earnings, monetary policy

Eyes will be on the Federal Reserve’s interest rate decision later this week

Leading the decliners on the STI is UOB, which is down 2.5% or S$1 at S$38.50.

Banking trio ends lower, weighing on STI

Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands

The greenback faces fresh headwinds amid market chatter that the US might coordinate with Japan on currency intervention.

Singapore dollar hits 11-year high against greenback

Singdollar breaches 1.27 level, its strongest since 2014, driven by intervention rumours

The ringgit is Asia’s top-performing currency so far in January, following two years of outperformance in the region.

Malaysian ringgit hits highest since 2018 on AI, growth optimism

Malaysia’s growth momentum is expected to continue this year

Catalist-listed MoneyMax has attained in-principle approval from SGX for the transfer of its listing to the bourse’s mainboard.

Stocks to watch: FCT, Ho Bee Land, Starhill Global, The Straits Trading Company, MoneyMax

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jan 26):