Broker: DBS
Date of Report: 16 April 2026

Excerpt from DBS report.

Report Summary

• GuocoLand: BUY maintained, Target Price (TP): SGD 3.30 (pegged to 35% discount to RNAV). Healthy take-up rate expected at next launch. Group expected to actively replenish landbank this year.
• Parkway Life REIT: BUY maintained, TP: SGD 4.75. REIT is resilient to inflation; close to 65% of income is pegged to inflation + 1%. MAS’s raised inflation forecast is a tailwind. Potential 0.4% to 1.6% lift to FY27 estimates not yet priced in.
• Yangzijiang Maritime: BUY maintained, TP: SGD 0.88. Secured lease agreements for 13 vessels worth USD89.8mn, improving income visibility. Stock is up 26% month-to-date, with support seen at SGD 0.635 and SGD 0.605.

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