Broker Name: DBS
Date of Report: Inferred – Not explicitly stated in the document

Excerpt from DBS report:

• JPMorgan Asset Management launched the Singapore & Asia Equity Income Fund, targeting a 50% allocation to Singapore and Asia ex Japan, aiming to provide both income and long-term capital growth.
• The fund focuses on a mix of equities, REITs, smaller companies, and SPACs, with income opportunities highlighted in Singapore, China, and Taiwan.
• Singapore equities and REITs are recommended as core yield anchors, with top picks including Singtel, ComfortDelgro, CLAR, MLT, NTT DC REIT, and CAREIT.
• China/Hong Kong stocks such as Ping An Insurance and China Construction Bank are attractive due to stable yields in a low interest rate environment.
• TSMC reported strong 4Q25 results and positive 1Q26 guidance, driven by Apple and AI demand, and maintains a BUY rating with higher target price.

Report Summary:

• The Singapore & Asia Equity Income Fund targets balanced regional exposure with a focus on income and growth, highlighting Singapore, China, and Taiwan as key opportunities through equities and REITs. TSMC stands out for its robust earnings and outlook amid tech demand.

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