Broker Name: DBS Bank Date of Report: 08 April 2026
Excerpt from DBS report.
Report Summary
- Actionable Ideas of the Day:
- Add Yangzijiang Maritime to Growth: DBS recommends adding Yangzijiang Maritime to the Growth portfolio, reflecting a positive view on the company’s outlook.
- Remove Nam Cheong from Growth: Nam Cheong is removed from the Growth portfolio, indicating a less favorable outlook.
- Sector Highlights:
- REITs & Property: Preferred picks include UOL, CityDev, CICT, MLT, Suntec REIT, and CAREIT due to benefits from easing inflation fears and renewed rate cut expectations.
- Agri Commodities: Wilmar, First Resources, and Bumitama Agri may benefit from higher oil prices.
- Transportation: SATS (preferred) and SIA seen as beneficiaries of lower fuel costs.
- Defense: ST Engineering outperformed since the war started, supported by a war premium.
- Tech: UMS, AEM, and Frencken benefit from ongoing AI/semiconductor upcycle.
- Utilities: Sembcorp Industries is a net beneficiary of higher gas prices and volatility.
- Banks: OCBC is preferred for safe-haven flows in an inflationary but non-recessionary environment.
- Key Market Event: Recent US-Iran two-week ceasefire has sparked a shift towards de-escalation trades, benefiting REITs, property, and transportation sectors.
above is an excerpt from a report by DBS Bank. Clients of DBS Bank can be the first to access the full report from the DBS website : https://www.dbs.com/insightsdirect/
