Venture - 3Q26 earnings jumped 22% YoY to S$67.8mn. We believe AI-related products, namely networking cards, semiconductors, transceivers and test equipment, drove around 38% YoY revenue growth

 3Q26 earnings jumped 22% YoY to S$67.8mn. We believe AI-related products, namely networking cards, semiconductors, transceivers and test equipment, drove around 38% YoY revenue growth.

• Venture’s guidance mentioned robust demand. Growth is in multiple domains, with life science beginning to recover. We expect FY27e growth to be even stronger, driven by new consumer lifestyle products.
• Phillips securities has a BUY recommendation target price of S$19.50.We reduce our PE multiple from 25x to 22x FY26e PE, in line with US peers. We believe earnings growth is returning to Venture. The ramp in new products that support data centre infrastructure, together with new capacity in Malaysia, is driving earnings growth.

Venture is well-positioned to deliver growth for FY2026, as robust demand from customers continues to underpin our operational performance.

Venture’s core growth pillars in multiple technology domains including Test &

Measurement Instrumentation, Networking & Communications and Semiconductor-Related Equipment technology domains remain resilient. We are also seeing encouraging

signs of recovery within our Life Science technology domain.

Supported by our R&D engineering capabilities in high-mix, high-value manufacturing and

our robust balance sheet, the Group is nimble and well-prepared to navigate changes in the macro business environment.

Looking ahead, Venture remains focused on deepening strategic collaborations with

global partners, growing new customers and investing in new differentiatingcapabilitiesfor future growth.

Dbs bank - Dow surged more than 1000 points yesterday, local bank likely see the price rises higher mirroring US indexes. But overall , trend is still down

 Dbs bank  - Dow surged more than 1000 points yesterday,  local bank likely see the price rises higher mirroring US indexes. But overall , trend is still down. Pls dyodd. 

3Q net profit at $2.81b

 Total income slightly lower YoY at $5.85b; strong business momentum offset by lower markets trading income

o Group net interest income up 4% to $3.71b led by strong loan and deposit growth

o Fee income and treasury customer sales rise; Wealth segment AUM at new high

o Markets trading income declines amid unfavourable equity market conditions 

9M net profit up 2% to record $8.82b

 Total income rises 2% to new high of $17.9b led by record fee income and treasury customer sales

Balance sheet remains strong

 NPA declines 3% QoQ as new NPA formation remains low, NPL ratio improves to 0.9% 

 SP at 17bp for 3Q and 16bp for 9M

 Allowance coverage at 134% and 202% after considering collateral

 Transitional CET1 ratio at 15.9%, fully phased-in at 14.0%

3Q total dividend of 81¢ per share, comprising 66¢ ordinary dividend and 15¢ Capital Return dividend

 Strong business momentum underscores franchise resilience .A record nine months 9M total income and net profit at new highs, ROE at 17%. 3Q earnings moderate from 2Q high, mainly due to lower markets trading income.

 Solid customer franchise growth sustained in 3Q

o Wealth NNM and AUM at new highs; wealth fees in 1Q-3Q the three highest 

quarters on record

o IBG treasury customer sales and transaction services fees also at new highs

o Robust loan and deposit growth

 Net interest income past the trough, exit NIM at 1.90%

o 3Q Group NII second highest on record despite low Sora, testament to balance sheet growth and proactive hedging.

2027 outlook

Global economy remains resilient, but outlook more uncertain amid elevated energy prices, tighter financial conditions and geopolitical risks

 Total income growth to be in mid-single-digit range

o Assumes two more US Fed rate hikes from now till end-2027, Sora averaging ~1.6% and a stronger SGD

o NII sensitivity of $10m/bp to SG interest rates and -$2m/bp to US interest rates; 

capturing favourable hedging opportunities

o NII supported by healthy loan pipeline and deposit growth

o Structural growth in wealth management to continue

o Prudent growth in FIG and TMT

 Cost-income ratio to be in low-40% range Mid-single-digit expense growth

 SP assumed to be within 17-20bp; GP reserves provide ample buffer against risk

Kore USD reit(cmou) - She had fallen off from 0.80 to 0.146 it looks lije she may have hit the bottoming price

 Kore USD reit(cmou) - She had fallen off from 0.80 to 0.146 it looks lije she may have hit the bottoming price.

NAV 0.699. Yearly dividend is about 0.065, yield is about 3.9%. 

Chart wise,  she is trying hard to reverse this downtrend.  Let's see if she can rise up to reclaim 15 cents than 16 cents.  

Not a call to buy or sell. Pls dyodd. 

Sheng Siong - Chart wise, bearish mode. She has broken down 200 days SMA, likely to continue to trend lower

 Sheng Siong  - Chart wise,  bearish mode. She has broken down 200 days SMA, likely to continue to trend lower.

2.00 is on the way. Pls dyodd. 

 It has broken down the support at 2.54, looks rather weak and may continue to go down to revisit 2.00. Pls dyodd. 

The price being sold down today, it looks like the market doesn't like the latest financial numbers. 

Chart wise,  bearish mode. 

She had broken the support at 2.75 and is now trading at 2.67, looks rather bearish.  She may go down to test 2.60 than 2.50 and below.  Pls dyodd.  

Sheng Siong Group’s net profit increases 1.8% to S$44.6 million for 3Q FY2026

• Revenue rose 6.2% yoy to S$441.5 million, driven by new store openings.

• Gross profit margin improved 0.7 percentage points yoy to 32.2% due to a better sales mix.

• The Group opened three stores in 3Q FY2026, bringing the total number of new stores opened in 9M FY2026 to seven.

Ocbc Bank - 3rd quarters results was good but price closing lowered it looks like the current price level already factored into the good results and may likely continue to see further weakness

 Ocbc Bank  - 3rd quarters results was good but price closing lower at 27.73 , down 20 cents  from 27.93 it looks like the current price level already factored into the good results and may likely continue to see further weakness.

She may go down to test 27. Next, 25. Pls dyodd. Yield is just about 3%. Not really attractive. 

OCBC Group Third Quarter 2026 Net Profit at S$2.04 billion.

Nine-month Group net profit up 10% to a record S$6.24 billion

 ▪ 3Q26 Group profit up 3% YoY; Banking Operations profit rose 16% to anew high, moderated by weaker investment income from GEH

➢ Total income down 2%; Record Banking Operations income, up 7%

➢ NII up 4% but more than offset by 10% decline in Non-II

➢ Fees grew from a strong 3Q25, while customer flow trading incomerose to a new high

➢ GEH’s underlying business remained resilient; NBEV grew 14%, although profit contribution declined due to negative impact from market movements on its investments

▪ Against a record 2Q26, Group profit declined 8%, impacted by GEH’sinvestment performance; Banking Operations profit rose 8% QoQ

▪ Loan and deposit growth momentum sustained

▪ NPL ratio improved to 0.8%, credit costs lower at 6bps while coverageratio increased to 168%

▪ Liquidity, funding and capital positions remain strong; fully phased-inCET1 CAR stable at 14.0%

▪ 3Q26 ROE at 13.1% on an annualised basis.

– Oversea-Chinese Banking Corporation Limited (“OCBC”) reported a record net profit of S$6.24 billion for the first nine months of 2026 (“9M26”), 10% higher than a year ago (“9M25”). 9M26 total income reached a new high, driven by broad-based growth across Wealth Management (“WM”), Wholesale 

Banking and Insurance. 9M26 WM fees rose 25% to a record S$1.33 billion and non-interest income from Wholesale Banking grew 24%.

Group net profit for the third quarter (“3Q26”) was S$2.04 billion, up 3% year-on-year. OCBC delivered record 

Banking Operations profit for 3Q26, supported by its strong franchise, and disciplined cost and risk management. 

Great Eastern Holdings (“GEH”) underlying business remained resilient, with New Business Embedded Value 

(“NBEV”) up 14% for 3Q26. Quarter-on-quarter, Group net profit was down 8%, as record Banking Operations profit was offset by weaker investment performance from GEH.

Net interest income (“NII”) was higher quarter-on-quarter in 3Q26, lifted by loan growth and improved yields, partly offset by higher funding costs. Higher SORA rates were a net positive to NII as asset yields rose faster than funding costs, while the rise in US rates pressured margins this quarter as funding repriced faster than assets. The benefits from higher US rates would be reflected in the coming quarters as assets reprice. The 

Group’s WM franchise remained strong. Banking WM AUM continued to grow, with 3Q26 WM fees above the strong 3Q25 results although below the record high in 2Q26.

Asset quality stayed strong, with improved NPL ratio of 0.8% and lower allowances, reflecting continued prudent risk management. The Group maintained sufficient buffers against potential risks with an NPA coverage ratio at 168%. Capital remained sound and well positioned to support business growth. Balance sheet management initiatives this quarter further enhanced capital efficiency, with scope for continued progress.

Ocbc Bank - OCBC Group Third Quarter 2026 Net Profit at S$2.04 billion Nine-month Group net profit up 10% to a record S$6.24 billion. 3Q26 Group profit up 3% YoY; Banking Operations profit rose 16% to anew high, moderated by weaker investment income from GEH ➢ Total income down 2%; Record Banking Operations income, up 7% ➢ NII up 4% but more than offset by 10% decline in Non-II ➢ Fees grew from a strong 3Q25, while customer flow trading incomerose to a new high

OCBC Group Third Quarter 2026 Net Profit at S$2.04 billion.

Nine-month Group net profit up 10% to a record S$6.24 billion

 ▪ 3Q26 Group profit up 3% YoY; Banking Operations profit rose 16% to anew high, moderated by weaker investment income from GEH

➢ Total income down 2%; Record Banking Operations income, up 7%

➢ NII up 4% but more than offset by 10% decline in Non-II

➢ Fees grew from a strong 3Q25, while customer flow trading incomerose to a new high

➢ GEH’s underlying business remained resilient; NBEV grew 14%, although profit contribution declined due to negative impact from market movements on its investments

▪ Against a record 2Q26, Group profit declined 8%, impacted by GEH’sinvestment performance; Banking Operations profit rose 8% QoQ

▪ Loan and deposit growth momentum sustained

▪ NPL ratio improved to 0.8%, credit costs lower at 6bps while coverageratio increased to 168%

▪ Liquidity, funding and capital positions remain strong; fully phased-inCET1 CAR stable at 14.0%

▪ 3Q26 ROE at 13.1% on an annualised basis.

– Oversea-Chinese Banking Corporation Limited (“OCBC”) reported a record net profit of S$6.24 billion for the first nine months of 2026 (“9M26”), 10% higher than a year ago (“9M25”). 9M26 total income reached a new high, driven by broad-based growth across Wealth Management (“WM”), Wholesale 

Banking and Insurance. 9M26 WM fees rose 25% to a record S$1.33 billion and non-interest income from Wholesale Banking grew 24%.

Group net profit for the third quarter (“3Q26”) was S$2.04 billion, up 3% year-on-year. OCBC delivered record 

Banking Operations profit for 3Q26, supported by its strong franchise, and disciplined cost and risk management. 

Great Eastern Holdings (“GEH”) underlying business remained resilient, with New Business Embedded Value 

(“NBEV”) up 14% for 3Q26. Quarter-on-quarter, Group net profit was down 8%, as record Banking Operations profit was offset by weaker investment performance from GEH.

Net interest income (“NII”) was higher quarter-on-quarter in 3Q26, lifted by loan growth and improved yields, partly offset by higher funding costs. Higher SORA rates were a net positive to NII as asset yields rose faster than funding costs, while the rise in US rates pressured margins this quarter as funding repriced faster than assets. The benefits from higher US rates would be reflected in the coming quarters as assets reprice. The 

Group’s WM franchise remained strong. Banking WM AUM continued to grow, with 3Q26 WM fees above the strong 3Q25 results although below the record high in 2Q26.

Asset quality stayed strong, with improved NPL ratio of 0.8% and lower allowances, reflecting continued prudent risk management. The Group maintained sufficient buffers against potential risks with an NPA coverage ratio at 168%. Capital remained sound and well positioned to support business growth. Balance sheet management initiatives this quarter further enhanced capital efficiency, with scope for continued progress.