Broker Name: DBS
Date of Report: Inferred to be after 2 Mar FY25 results season (exact date not specified, but based on context likely March 2025).

Excerpt from DBS report.

Report Summary

• UltraGreen.ai, Jardine C&C, Sheng Siong, and IHH Healthcare all reported broadly in-line earnings, with continued growth momentum and solid operational performance.
• Jardine C&C and IHH Healthcare maintain BUY ratings, while PropNex, ComfortDelGro, and Daiwa House Logistics Trust were downgraded to HOLD on more measured growth outlooks and ongoing headwinds.
• Sheng Siong saw revenue and profit growth, mainly from new store openings, but faces some store closures ahead; dividend policies remain steady across several names.

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/