Broker: DBS
Date of Report: 13 Apr 2026
Excerpt from DBS report
Report Summary
- Key Idea: The US blockade of the Strait of Hormuz is analysed as an “Escalate-to-Negotiate” move, influencing both escalation and de-escalation investment strategies.
- Actionable Calls:
- De-escalation Trade: Favourable for REITs and property stocks due to easing inflation fears and renewed expectations of US Fed rate cuts.
- Top Picks (De-escalation): UOL, CityDev, CICT, MLT, Suntec REIT, CAREIT.
- Escalation Trade: Potential opportunities in agricultural commodities due to spillover effects from higher oil prices.
- Top Picks (Escalation): Wilmar, First Resources, Bumitama Agri.
- Trading Range: STI is expected to trade in the near-term range of 4,700–4,760 (support) and 5,000–5,040 (resistance).
Implication: Investors are advised to focus on REITs and property stocks if expecting de-escalation, and on agricultural commodity stocks if expecting escalation. No explicit target prices are mentioned.
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/insightsdirect/
