Broker: DBS
Date of Report: Not specified
Excerpt from DBS report
Report Summary
- Actionable Call: OCBC is the preferred pick among index heavyweight banks, supported by SGD’s relative strength and stability, which should attract safe-haven flows.
- Ideas of the Day:
- Tech stocks such as UMS, Frencken, and AEM are favored due to ongoing global AI-related capital expenditure and robust regional electronics production.
- Construction stocks (e.g., Wee Hur, Soilbuild) are attractive for their domestic resilience, with the sector highlighted as the standout performer in 1Q26 GDP (+9.0% y/y).
- Within REITs, logistics and industrials (MLT, NTT DC REIT) are preferred over discretionary segments, driven by positive structural trends.
- SCI is expected to benefit from higher gas trading income and widening power spreads amid elevated energy prices, which pose a headwind for transport sector names such as SIA and CD.
- Highlights: MAS has tightened monetary policy by raising the S\$NEER band’s appreciation rate, while inflation forecasts for 2026 have been increased. GDP growth slowed to 4.6% y/y in 1Q26, below expectations.
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/
