Investment Research

<!DOCTYPE html> <html> <head> <META http-equiv="Content-Type" content="text/html; charset=UTF-8">  <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-PMNVMPK');</script>  <style> #dummy-field__128f59c2-9d12-4f45-b952-c86327d00cb0 { display: none; } @media (min-width: 768px){ #dummy-field__128f59c2-9d12-4f45-b952-c86327d00cb0 { display: block; min-width: 168px; } #dummy-field__128f59c2-9d12-4f45-b952-c86327d00cb0 span { display: none; } } /* investors/contact-us.page */ #section-investor-form .com__silveryear__form-background { background: #366492; background: -webkit-gradient(linear, left top, right top, from(#366492), to(#61a7db)); background: -o-linear-gradient(left, #366492, #61a7db 100%); background: linear-gradient(to right, #366492, #61a7db 100%); filter: progid:DXImageTransform.Microsoft.gradient( startColorstr='#366492', endColorstr='#61a7db', GradientType=0 ); /* IE6-9 */ } </style><title>Investment Research - OCBC Bank</title>   <style type="text/css"> .iw_container { max-width:800px !important; margin-left: auto !important; margin-right: auto !important; } .iw_stretch { min-width: 100% !important; } </style> <link href="/iwov-resources/grid/bootstrap/4.0/bootstrap-grid.min.css" type="text/css" rel="stylesheet">     <meta name="keywords" content="">   <meta name="description" content="">   <meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0">   <meta name="robots" content=""> <meta name="robots" content="">   <meta name="vpath" content="">   <meta name="page-locale-name" content="">   <script type="text/javascript" src="/iwov-resources/sg/ocbc/personal/js/jquery.min.js" data-ocde-desktop_or_tablet_or_phone="show"></script>  <script type="text/javascript" src="/iwov-resources/sg/ocbc/personal/js/page-script.js" data-ocde-desktop_or_tablet_or_phone="show"></script>   <link rel="canonical" href="Please insert the URL here">  <link rel='stylesheet' href='/iwov-resources/sg/ocbc/personal/css/style.css' media='all' /> <link rel='stylesheet' href='/iwov-resources/sg/ocbc/ospl/css/style.css' media='all' />  <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PMNVMPK" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>  <script type="text/javascript"> var tag = document.createElement('script'); tag.src = "https://www.youtube.com/iframe_api"; var firstScriptTag = document.getElementsByTagName('script')[0]; firstScriptTag.parentNode.insertBefore(tag, firstScriptTag); </script> <script type="text/javascript"> var tag = document.createElement('script'); tag.src = "https://www.youtube.com/iframe_api"; var firstScriptTag = document.getElementsByTagName('script')[0]; firstScriptTag.parentNode.insertBefore(tag, firstScriptTag); </script> </head> <body class="Please insert the text here" id="Please insert the text here"> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-KDKWB3" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript><div class="iw_viewport-wrapper"><div class="container-fluid iw_section" id="sectionk1sumfzn"> <div class="row iw_row iw_stretch" id="rowk1sumfzo"> <div class="iw_columns col-lg-12" id="colk1sumfzp"> <div class="iw_component" id="iw_comp1571204552818"> <header class="" id="header"> <div class="header__main"> <div class="container bp-width-med3"> <div class="header__row row align-items-center justify-content-between"> <div class="header__logo col-12 col-sm-12 col-lg-2"> <div class="logo fl bp-img wide"><a href="/group/gateway" target=""><img src="/Images/logo_ocbc.png" alt="Image"></a></div> <div class="clr"></div> </div> <div class="header__mobile col-12 col-sm-12 col-lg-10"> <div class="header__main--primary"> <div class="d-flex justify-content-start flex-column flex-lg-row flex-center justify-content-lg-between"> <hr class="first"> <div class="header__main--navi flex-fill"> <ul> <li><a href="#about-us" class="header__navi">About Us</a></li> <li class="divider"></li> </ul> </div> <div class="header__main--navi flex-fill"> <ul> <li><a href="/group/media/release/index" class="header__navi" target="_self">Media</a></li> <li class="divider"></li> </ul> </div> <div class="header__main--navi flex-fill"> <ul> <li><a href="#investors" class="header__navi">Investors</a></li> <li class="divider"></li> </ul> </div> <div class="header__main--navi flex-fill"> <ul> <li><a href="#sustainability" class="header__navi">Sustainability</a></li> <li class="divider"></li> </ul> </div> <div class="header__main--navi flex-fill"> <ul> <li><a href="https://www.ocbc.com/group/careers/" class="header__navi" target="_self">Careers</a></li> <li class="divider"></li> </ul> </div> <div class="header__main--navi flex-fill"> <ul> <li><a href="#research" class="header__navi">Research</a></li> <li class="divider"></li> </ul> </div> </div> </div> <div class="header__main--secondary"> <div class="d-flex justify-content-lg-between"> <div class="header__main--web-location"> <div> <p>You are in</p> <div class="dropdown__theme dropdown__theme--3 dropdown__theme--bold"><select name="header-page-location" class="selectize" id="header__page_location"> <option value="#" data-target="_self">OCBC Group</option> <option value="https://www.ocbc.com/personal-banking" data-target="_self">Personal Banking</option> <option value="https://www.ocbc.com/personal-banking/premier/en" data-target="_self">Premier Banking</option> <option value="https://www.frankbyocbc.com" data-target="_self">FRANK by OCBC</option> <option value="https://www.ocbc.com/business-banking/index.html" data-target="_self">Business Banking</option></select></div> </div> <hr> </div> <div class="header__main--web-etc"> <ul></ul> </div> </div> <hr> </div> </div> <div class="header__mobile--bar d-lg-none d-block"> <div class="menu-bar"><span></span><span></span></div> </div> </div> </div> </div> <div class="header__sub"> <div class="container bp-width-med3"> <div class="header__hidden"> <div class="header__sub--view"> <div id="about-us" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">About Us</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/about-us/group-business" class="link link link-arrow-right" target="_self">Group <span class="text-nowrap">Business<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/about-us/corporate-strategy" class="link link link-arrow-right" target="_self">Corporate <span class="text-nowrap">Strategy<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/about-us/our-leadership" class="link link link-arrow-right" target="_self">Our <span class="text-nowrap">Leadership<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/about-us/purpose-and-values" class="link link link-arrow-right" target="_self">Purpose and <span class="text-nowrap">Values<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/about-us/awards" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Awards<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a href="/group/about-us/group-business" class="button button--secondary button--link" target="_self"><span>View all</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-menu-highlights"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="investors" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Investors</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/investors/index" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Overview<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/investors/financials" class="link link link-arrow-right" target="_self">Financial <span class="text-nowrap">results<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/investors/annual-report-and-agm" class="link link link-arrow-right" target="_self">Annual Report and <span class="text-nowrap">AGM<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/investors/investor-information" class="link link link-arrow-right" target="_self">Investor <span class="text-nowrap">information<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/investors/regulatory-disclosure" class="link link link-arrow-right" target="_self">Regulatory <span class="text-nowrap">disclosures<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/investors/contact-us" class="link link link-arrow-right" target="_self">Contact <span class="text-nowrap">us<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a href="#" class="" target="_self"><span></span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-4 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-8"> <div class="tag">First Half 2020 Results Call</div> <div class="header__sub-menu-readmore"><a href="https://www.youtube.com/watch?v=AOW5M9643YQ" class="link link link-arrow-right" target="_blank">Listen <span class="text-nowrap">now<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="sustainability" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Sustainability</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/sustainability/index" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Overview<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/sustainability/sustainability-framework" class="link link link-arrow-right" target="_self">Sustainability <span class="text-nowrap">framework<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/sustainability/supporting-sdgs" class="link link link-arrow-right" target="_self">Supporting <span class="text-nowrap">SDGs<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="name"><a href="/group/sustainability/sustainability-governance" class="link link link-arrow-right" target="_self">Sustainability <span class="text-nowrap">governance<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/sustainability/materiality-assessment" class="link link link-arrow-right" target="_self">Materiality <span class="text-nowrap">assessment<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/sustainability/stakeholder-engagement" class="link link link-arrow-right" target="_self">Stakeholder <span class="text-nowrap">engagement<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-menu-highlights"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="research" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Research</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Treasury reports</div> <div class="name"><a href="/group/research/index" class="link link link-arrow-right" target="_self">Recent <span class="text-nowrap">updates<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/research/research-with-filter" class="link link link-arrow-right" target="_self">Macro <span class="text-nowrap">outlook<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/research/research-with-filter.page?category=fxandrates" class="link link link-arrow-right" target="_self">FX and <span class="text-nowrap">rates<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="/group/research/research-with-filter.page?category=special" class="link link link-arrow-right" target="_self">Special <span class="text-nowrap">reports<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Investment reports</div> <div class="name"><a href="/group/research/investment-reports" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Company<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="https://www.ocbc.com/group/research/investment-reports.page#sectorial" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Sectorial<i class="far fa-chevron-right"></i></span></a></div> <div class="name"><a href="https://www.ocbc.com/group/research/investment-reports.page#equity" class="link link link-arrow-right" target="_self">Equity <span class="text-nowrap">Strategy<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-menu-highlights"> <div class="row"> <div class="col-lg-8"> <div class="tag"></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </header> </div> </div> </div> </div> <div class="container-fluid iw_section" id="sectionk1q5mmz4"> <div class="row iw_row iw_stretch" id="rowk1q5mmz5"> <div class="iw_columns col-lg-12" id="colk1q5mmz6">  <section id="main-wrapper"> <div class="iw_placeholder" id="iw_placeholder1571041639119"> <div class="iw_component" id="iw_comp1614733703739">  <div class="masthead"></div> <div id="common-breadcrumb__block-id" class="module container bp-width-med3"> <div class="com__breadcrumbs fz-13"> <ul></ul> </div> </div> </div> <div class="iw_component" id="iw_comp1598620678330"> <div class="sectionbottom"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="subcategory subcategory--black">Investment Reports</div> <div class="com__tab"> <div class="com__tab-content com__tab--center com__tab-scroll mb4"> <div class="row"> <div class=" col-custom-9"> <div class="com__tab-nav has-styled-nav"> <ul class="d-flex styled-nav align-items-center"> <div class="indicator"></div> <li class="col align-items-center justify-content-center selected"><a href="#company">Company</a></li> <li class="col align-items-center justify-content-center"><a href="#sectorial">Sectorial</a></li> <li class="col align-items-center justify-content-center"><a href="#equity">Equity Strategy</a></li> </ul> <div class="border-line-wrapper"> <div class="border-line"></div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1614733703137"> <div class="sectionbottom"></div> <div class="module container animate bp-width-med3 report seminars" id="company"> <div class="media-filter-media-listing media-filter-media-listing-seminars"> <div class="row"> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Venture Corporation</strong></h3><small><span>02 Mar 2021</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2021-03-02_VMS SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>UOL Group Ltd</strong></h3><small><span>02 Mar 2021</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2021-03-02_UOL SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Wilmar International</strong></h3><small><span>24 Feb 2021</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2021-02-24_WIL SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>DBS Group Holdings Ltd</strong></h3><small><span>10 Feb 2021</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2021-02-10_DBS SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Mapletree Industrial Trust</strong></h3><small><span>01 Feb 2021</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2021-02-01_MINT SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Alibaba Group</strong></h3><small><span>28 Dec 2020</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2020-12-28_9988 HK - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Adobe Inc.</strong></h3><small><span>18 Dec 2020</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2020-12-18_ADBE US - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Mapletree Logistics Trust</strong></h3><small><span>16 Dec 2020</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2020-12-16_MLT SP - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>HSBC</strong></h3><small><span>07 Dec 2020</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2020-12-07_5 HK - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Salesforce.com Inc</strong></h3><small><span>02 Dec 2020</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Company/2020-12-02_CRM US - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> </div> <div class="media-filter-media-listing__article--read-more-link media-filter-media-listing__article--filter-read-more-link" style="display: none;"> <div class="mt-5 text-center"> <div class="buttons button-top"><button tabindex="-1" class="btn btn-prev btn-animation bordered"><i class="fa fa-chevron-up"></i></button></div> <div class="buttons button-bottom"><button tabindex="-1" class="btn btn-next btn-animation bordered"><i class="fa fa-chevron-down"></i></button></div> <div class="mt-3"> <p>See more</p> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1598620678331"> <div class="sectionbottom"></div> <div class="module container animate bp-width-med3 report seminars" id="equity"> <div class="media-filter-media-listing media-filter-media-listing-seminars"> <div class="row"> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Singapore Strategy – Recovery will favour SG stocks</strong></h3><small><span>17 Dec 2020</span> | <span>Singapore</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Our quarter-by-quarter market strategy reports in 2020 were able to effectively match and capture market actions, but we believe that the global economic recovery is going to be largely uneven across different markets...</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Equity strategy/2020-12-17_Singapore Strategy - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> </div> <div class="media-filter-media-listing__article--read-more-link media-filter-media-listing__article--filter-read-more-link" style="display: none;"> <div class="mt-5 text-center"> <div class="buttons button-top"><button tabindex="-1" class="btn btn-prev btn-animation bordered"><i class="fa fa-chevron-up"></i></button></div> <div class="buttons button-bottom"><button tabindex="-1" class="btn btn-next btn-animation bordered"><i class="fa fa-chevron-down"></i></button></div> <div class="mt-3"> <p>See more</p> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1598620678316"> <div class="sectionbottom"></div> <div class="module container animate bp-width-med3 report seminars" id="sectorial"> <div class="media-filter-media-listing media-filter-media-listing-seminars"> <div class="row"> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Singapore REITs – Volatility expected given bond yields spike</strong></h3><small><span>10 Mar 2021</span> | <span>Singapore | Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Low correlation between S-REITs’ share price performance and Singapore government 10-year bond yield, but sudden spikes can bring about volatility</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-03-10_SG REITs Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Asia Real Estate – Hitting the reset button</strong></h3><small><span>15 Feb 2021</span> | <span>Asia | Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Challenges galore in 2020, but 2021 promises to be better</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-02-15_Asia Real Estate Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Singapore Banks – Proposed guidelines for a green transition</strong></h3><small><span>01 Feb 2021</span> | <span>Singapore Equities</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-02-01_SG Banking Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>US Technology Sector – Let’s get cyclical</strong></h3><small><span>19 Jan 2021</span> | <span>U.S. | Technology</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Reflationary theme ahead</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-01-19_US Technology Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Aviation – 2021: A year of recovery</strong></h3><small><span>14 Jan 2021</span> | <span>Global | Airlines</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Brighter outlook but losses likely to continue into 2021</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-01-14_Global Aviation Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Global Energy & Materials sectors – Riding on the reflation theme</strong></h3><small><span>13 Jan 2021</span> | <span>Global | Energy, Materials</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-01-13_Global Energy and Materials Sectors - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Global Real Estate – Ideas to play the Blue Wave</strong></h3><small><span>13 Jan 2021</span> | <span>Global | Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Tailwinds to support the recovery in US real estate sector</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-01-13_Global Real Estate Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Singapore Residential Sector – Ending 2020 on a high</strong></h3><small><span>05 Jan 2021</span> | <span>Singapore | Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">URA flash estimates showed a 2.1% QoQ increase in private residential prices</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2021-01-05_SG Residential Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Singapore Hospitality – Beneficiary of vaccine development</strong></h3><small><span>18 Dec 2020</span> | <span>Singapore | Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description">Hospitality REITs’ share price performances have been boosted by rapid vaccine progress from companies such as Pfizer and BioNTech, Moderna, and AstraZeneca and Oxford University's potential Covid-19 vaccine etc.</p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Equity Strategy/2020-12-18_SG Hospitality Sector - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> <div class="col-md-6 col-lg-4 media-filter-media-listing__item"> <div class="report__article media-filter-media-listing__article"> <div class="media-filter-media-listing__article-inner"> <h3 class="mb2 d-flex align-items-center"><strong>Weekly S-REITS Tracker</strong></h3><small><span>07 Dec 2020</span> | <span>Singapore| Real Estate</span></small><p class="article-summary flex-fill mt2 media-filter-media-listing__description"></p><span><a href="/iwov-resources/sg/ocbc/gbc/pdf/investment/Sectorial/2020-12-07_Weekly S-REITS Tracker - OIR.pdf" class="link media-filter-media-listing__read-more" target="_blank">Download <span class="text-nowrap">PDF<i class="far fa-chevron-right"></i></span></a></span></div> </div> </div> </div> <div class="media-filter-media-listing__article--read-more-link media-filter-media-listing__article--filter-read-more-link" style="display: none;"> <div class="mt-5 text-center"> <div class="buttons button-top"><button tabindex="-1" class="btn btn-prev btn-animation bordered"><i class="fa fa-chevron-up"></i></button></div> <div class="buttons button-bottom"><button tabindex="-1" class="btn btn-next btn-animation bordered"><i class="fa fa-chevron-down"></i></button></div> <div class="mt-3"> <p>See more</p> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1598620678351"> <div class="greyspace"></div><div class="" id=""> <div><div class="module container bp-width-med3"> <div class="subcategory subcategory--black">Contact Us</div> <div class="row com__row-group-height"> <div class="col-md-4 com__row-group-col mt3 mob-mt2"> <div class="d-flex rgh1">  <div> <p class="mb1"><strong>Treasury Research</strong></p> <div class="com__co-us-par fz-14"><a class="link" href="tel:+6565308384" target="_self">+65 6530 8384</a> </div> </div> </div> <hr class="mb0 mt3 mob-mt2"> </div> <div class="col-md-4 com__row-group-col mt3 mob-mt2"> <div class="d-flex rgh1">  <div> <p class="mb1"><strong>Interest Rate Derivatives</strong></p> <div class="com__co-us-par fz-14"><a class="link" href="tel:+6563491899" target="_self">+65 6349 1899</a></div> </div> </div> <hr class="mb0 mt3 mob-mt2"> </div> <div class="col-md-4 com__row-group-col mt3 mob-mt2"> <div class="d-flex rgh1">  <div> <p class="mb1"><strong>Investments & Structured Products</strong></p></p> <div class="com__co-us-par fz-14"><a class="link" href="tel:+6563491886" target="_self">+65 6349 1886</a> </div> </div> </div> <hr class="mb0 mt3 mob-mt2"> </div> <div class="col-md-4 com__row-group-col mt3 mob-mt2"> <div class="d-flex rgh1">  <div> <p class="mb1"><strong>Institutional Sales</strong></p> <div class="com__co-us-par fz-14"><a class="link" href="tel:+6563491810" target="_self">+65 6349 1810</a> </div> </div> </div> <hr class="mb0 mt3 mob-mt2"> </div> <div class="col-md-4 com__row-group-col mt3 mob-mt2"> <div class="d-flex rgh1">  <div> <p class="mb1"><strong>FX & Structured Products</strong></p> <div class="com__co-us-par fz-14"><a class="link" href="tel:+6563491888" target="_self">+65 6349 1888/81</a> </div> </div> </div> <hr class="mb0 mt3 mob-mt2"> </div> </div> </div></div> </div>  </div> </div> </section> </div> </div> </div> <div class="container-fluid iw_section" id="sectionk1q5mmz8"> <div class="row iw_row iw_stretch" id="rowk1q5mmz9"> <div class="iw_columns col-lg-12" id="colk1q5mmza"> <div class="iw_component" id="iw_comp1571041639123"> <script> $(document).ready(function(){ $('.sectionbottom').parent().wrapAll('<div class="section section-bottom"></div>'); $('.greyspace').parent().wrapAll('<div class="section section-both bg-grey"></div>'); $('.masthead').parent().wrapAll('<div class="section section-masthead"> </div>'); }); </script> </div> </div> </div> </div> <div class="container-fluid iw_section" id="sectionk1q5mmzc"> <div class="row iw_row iw_stretch" id="rowk1q5mmzd"> <div class="iw_columns col-lg-12" id="colk1q5mmze"> <div class="iw_component" id="iw_comp1583140136076"> <footer class="" id="footer"> <section class="common__footer"> <div class="container bp-width-med3"> <div class="row top common__footer-widgets"> <div class="col-md-4 col-lg-6 col-xl-6"> <div class="row"> <div class="col-12 col-lg-12 col-xl-12"> <div class="d-md-inline-block"> <div class="logo bp-img wide"><img src="/Images/logo_ocbc.png" alt="Ocbc Logo"></div> <div class="common__footer-content--col"> <p class="text--bold mb-1 footer__widgets__title"><span>OCBC Group</span></p><label class="mb-0 countryselect" for="country"> You are in <span><select class="text--bold" name="country" id="country"> <option value="https://www.ocbc.com/group/group-home.html">Singapore</option> <option value="https://www.ocbc.com.my/group/group-home.html">Malaysia</option> <option value="https://www.ocbcnisp.com/home.aspx">Indonesia</option> <option value="https://www.ocbcwhhk.com/">Hong Kong</option> <option value="https://www.ocbc.com.cn/group/CN/group-home.html">China</option></select></span><i class="fa fa-chevron-down accordion__item__collapse-icon"></i></label><hr> </div> </div> </div> </div> </div> <div class="col-md-8 col-lg-6 col-xl-6"> <div class="d-flex justify-content-between flex-lg-row flex-column"> <div class="w-100"> <div class="row"> <div class="col-sm-6"> <div class="common__footer-content--col footer-useful-links"> <div class="d-none d-sm-block pr-0 pr-xl-5"> <p class="text--bold footer__widgets__title"><span>Useful links</span></p> <p><span><a href="/group/investors/index" class="" target="_self">Investor information</a></span></p> <p><span><a href="/group/about-us/international-network" class="" target="_self">International network</a></span></p> <p><span><a href="https://www.ocbc.com/group/careers/" class="" target="_self">Careers</a></span></p> <p><span><a href="/group/research/index" class="" target="_self">Research</a></span></p> </div> <div class="d-sm-none"> <div class="accordion"> <div class="accordion__item"> <div class="accordion__item__title d-flex justify-content-between align-items-center"> <p class="text--bold footer__widgets__title">Useful links</p><i class="fz-20 fa fa-chevron-down accordion__item__collapse-icon"></i></div> <div class="accordion__item__content"> <p><span><a href="/group/investors/index" class="" target="_self">Investor information</a></span></p> <p><span><a href="/group/about-us/international-network" class="" target="_self">International network</a></span></p> <p><span><a href="https://www.ocbc.com/group/careers/" class="" target="_self">Careers</a></span></p> <p><span><a href="/group/research/index" class="" target="_self">Research</a></span></p> </div> </div> </div> <hr> </div> </div> </div> <div class="col-sm-6"> <div class="common__footer-content--col footer-useful-links"> <div class="d-none d-sm-block pr-0 pr-xl-5"> <p class="text--bold footer__widgets__title"><span>Contact Us</span></p> <p><span><a href="https://www.ocbc.com/personal-banking" class="" target="_blank">Personal Banking</a></span></p> <p><span><a href="https://www.ocbc.com/personal-banking/premier/en" class="" target="_blank">Premier Banking</a></span></p> <p><span><a href="https://www.frankbyocbc.com" class="" target="_blank">FRANK by OCBC</a></span></p> <p><span><a href="https://www.ocbc.com/business-banking/index.html" class="" target="_blank">Business Banking</a></span></p> </div> <div class="d-sm-none"> <div class="accordion"> <div class="accordion__item"> <div class="accordion__item__title d-flex justify-content-between align-items-center"> <p class="text--bold footer__widgets__title">Contact Us</p><i class="fz-20 fa fa-chevron-down accordion__item__collapse-icon"></i></div> <div class="accordion__item__content"> <p><span><a href="https://www.ocbc.com/personal-banking" class="" target="_blank">Personal Banking</a></span></p> <p><span><a href="https://www.ocbc.com/personal-banking/premier/en" class="" target="_blank">Premier Banking</a></span></p> <p><span><a href="https://www.frankbyocbc.com" class="" target="_blank">FRANK by OCBC</a></span></p> <p><span><a href="https://www.ocbc.com/business-banking/index.html" class="" target="_blank">Business Banking</a></span></p> </div> </div> </div> <hr> </div> </div> </div> </div> </div> <hr class="d-none d-sm-block d-lg-none"> <div class="d-flex flex-lg-column common__footer-socials flex-row justify-content-md-end justify-content-lg-start"><span><a href="https://www.facebook.com/OCBCBank" class="" target="_blank"><i class="fab fa-facebook-f"></i></a></span><span class="d-inline-block d-lg-none"> &nbsp &nbsp &nbsp </span><span><a href="https://www.twitter.com/ocbcbank" class="" target="_blank"><i class="fab fa-twitter"></i></a></span><span class="d-inline-block d-lg-none"> &nbsp &nbsp &nbsp </span><span><a href="https://www.youtube.com/channelocbc" class="" target="_blank"><i class="fab fa-youtube"></i></a></span><span class="d-inline-block d-lg-none"> &nbsp &nbsp &nbsp </span><span><a href="https://www.linkedin.com/company/ocbc-bank" class="" target="_blank"><i class="fab fa-linkedin-in"></i></a></span><span class="d-inline-block d-lg-none"> &nbsp &nbsp &nbsp </span></div> </div> </div> </div> <div class="d-flex flex-column flex-lg-row justify-content-between bottom"> <div class="links d-flex flex-column flex-sm-row"><span><a href="/group/conditions-of-access" class="" target="_self">Conditions of Access</a></span><span><a href="/group/policies" class="" target="_self">Policies</a></span><span><a href="/group/notices" class="" target="_self">Notices</a></span><span><a href="/group/fair-dealing" class="" target="_self">Fair Dealing</a></span><span><a href="/group/security" class="" target="_self">Security</a></span></div> <div id="copyright"> © Copyright 2004 – 2021 – OCBC Bank. All Rights Reserved. Co. Reg. No.: 193200032W </div> </div> </div> </section> </footer> <div style="display: none"></div> <div style="display: none"></div> </div> <div class="iw_component" id="iw_comp1574136653555"> <div></div> </div> </div> </div> </div></div><script src='/iwov-resources/sg/ocbc/personal/js/script.js'></script> <script src='/iwov-resources/sg/ocbc/ospl/js/script.js'></script> <script src='/iwov-resources/sg/ocbc/gbc/js/script.js'></script> <script type="text/javascript">_satellite.pageBottom();</script> </body> </html>

CINXE.COM

Investment Research - OCBC Bank