Broker Name: DBS
Date of Report: (Date not explicitly stated; inferred to be recent based on context)
Excerpt from DBS report:

• The STI is expected to rally towards a year-end target of 4,430, supported by MAS equity market measures, attractive dividend yields, net global liquidity inflow, and favourable seasonal trends.
• Small-mid-cap stocks (SMCs) may benefit from MAS support, including new EQDP managers, enhanced GEMS scheme, and a “Value Unlock” package.
• Highlighted value plays include stocks with value-unlocking potential, quality stocks with low visibility or valuations, and those with room for return improvements via capital management.
• Industrial and technology sectors are favoured, with picks such as SIA Eng, SATS, Yangzijiang, Seatrium, UMS, and Frencken. SREITs remain attractive on pullbacks.

Report Summary:

• DBS expects a year-end rally for the Singapore market, driven by policy support and attractive valuations, with small-mid-caps and select value and tech stocks poised to benefit.
• Investors are advised to focus on stocks likely to gain from MAS initiatives and sectoral growth, while also considering SREITs on pullbacks.

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.sg