DBS, June 2024
Excerpt from DBS report.
Report Summary
- DBS recommends reducing exposure to City Development after a 23% share price rise, while adding Seatrium to its equity picks on the back of strong contract wins and margin expansion potential.
- In the property agency sector, DBS views ERA’s recent regulatory censure as immaterial and prefers APAC Realty for its higher dividend yield and robust cash position.
- For regional technology, DBS expects continued growth in the semiconductor cycle and favors backend equipment makers, advanced packaging, and key players like TSMC, BYDE, Sunny Optical, Lenovo, and Lens Tech.
Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg
