The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0651 GMT - OUE REIT could unlock significant value if it sells a Singapore office and retail development, says DBS Group Research's Tabitha Foo in a note. OUE REIT said its subsidiary is among parties conducting an exercise to determine market interest for the property. The asset comprises close to 32% of OUE REIT's portfolio and represents S$0.32 per unit in potential proceeds, the analyst says. The real-estate investment trust could return some capital to its unitholders if the potential sale materializes, she adds. The sale could also be accretive if the proceeds are used elsewhere, such as potentially buying a stake in a Sydney office tower. DBS maintains its buy rating and S$0.45 target price. Units rise 4.2% to S$0.37. (megan.cheah@wsj.com)

0646 GMT - Addvalue Technologies is likely a rare growth stock in space and drone industries, Maybank Research's Jarick Seet says in a research report. Its 'Inter-Satellite Data Relay System' and 'Advanced Digital Radio Services' will benefit from the surge in customer satellite launches and demand for anti-drone solutions, the analyst says. The Singapore-listed communications technology products developer turned around to profitability in FY 2025, together with rising demand and investment in the space sector. The company's Advanced Digital Radio Services segment capitalizes on its expertise in reconfigurable embedded platforms and software-defined radios. Maybank Research initiates coverage of the stock with a buy rating and a target price of S$0.12. Shares are 2.3% higher at S$0.09. (ronnie.harui@wsj.com)

0644 GMT - Nordic markets are seen opening slightly higher with IG calling the OMXS30 up 0.3% at around 3167. Increased geopolitical concerns about the likelihood of a new war in the Middle East caused stock markets to fall and sent the oil price up to the highest level since August last year, says Erik Meyersson, SEB's chief emerging market strategist. In Asia, Japan's Nikkei also opened lower today. President Trump yesterday urged Iran to agree to a diplomatic agreement within 10-15 days, while reports suggest the U.S. is in principle ready to strike Iran as early as this weekend, Meyersson adds. Data due Friday are U.S. 4Q GDP and PCE inflation for December. German PPI and PMI estimates in the eurozone and U.S. are also expected. OMXS30 closed at 3157.96, OMXN40 at 2661.62 and OBX at 1798.29. (dominic.chopping@wsj.com)

0556 GMT - Food Empire Holdings' 2025 earnings stand to benefit from likely stronger revenue and currency in Russia, CGS International's William Tng says in a research report. Given that the Russian ruble strengthened slightly against the U.S. dollar in 4Q, the food and beverage company probably further boosted its sales efforts in Russia in 4Q, the analyst says. CGS International lifts its 2025 gross margin assumption for Food Empire by 0.50 percentage points to 30.50%, leading to a 7.9% increase in its 2025 core net profit forecast. The brokerage raises the stock's target price to S$4.00 from S$3.18, based on an estimated 20.5x 2027 price-to-earnings ratio, with an unchanged add rating. Shares are 4.6% higher at S$3.16. (ronnie.harui@wsj.com)

0545 GMT - The U.S. exemption of some Indonesian agricultural goods from the 19% tariffs could lift exports by restoring competitiveness in the U.S. market, Maybank IB analyst Willy Goutama says. The tariff relief may provide a modest boost to incomes and growth as Indonesia's key exports tend to be labor intensive, he says. It may also mildly support the rupiah via higher export volumes and a stronger current account, he reckons. Consumer names such as Indofood CBP Sukses Makmur, IndoFood Sukses Makmur, Mayora Indah and Kalbe Farma could benefit directly, he adds.(yingxian.wong@wsj.com)

0508 GMT - SIA Engineering looks well-poised to ride growing demand for maintenance, repair and overhaul services, OCBC Group Research's Ada Lim says in a report. Its second hangar in Malaysia's Subang is expected to be operationally ready in 2H FY 2027 and will likely significantly increase its heavy maintenance capacity, the analyst says. The MRO services provider has also started line maintenance operations in Manila. OCBC likes that the Singapore-listed company has been actively investing in capacity expansion to benefit from increased MRO demand. It upgrades the stock to buy from hold and raises the fair value estimate to S$4.05 from S$3.68. Shares are 2.8% lower at S$3.47. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 01:51 ET (06:51 GMT)

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