DBS, February 2025

Excerpt from DBS report.

Report Summary

• Singapore’s technology sector is supported by an upgraded GDP growth forecast and strong fixed asset investment, particularly in electronics and semiconductors, positioning firms like UMS, Frencken, and AEM for multi-year growth despite currency headwinds.
• Key stocks to watch include Seatrium, which is undergoing arbitration with Petrobras over legacy payments, and Elite UK REIT, which is focusing on lease regears and portfolio optimisation for future growth, both maintaining BUY recommendations.

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