Phillip 4Q25 Singapore Strategy - Phillip Securities 2025-10-03: Follow The Money

• Prime US REIT (SGX:OXMU) and Singtel (SGX:Z74) replace PropNex and Sembcorp of the Phillip Absolute 10 model portfolio of Singapore stock picks for 4Q25.

3Q25 Market Review:

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Bank performance was mixed. DBS significantly outperformed its peers with its commitment to paying dividends. Banks that hoard reserves (i.e. still see shadows) underperformed.

4Q25 Market Outlook:

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

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