Seatrium
Maybank: BUY | TP SGD3.10 — Initiation. Favours Seatrium for offshore growth exposure, >SGD32b pipeline, order wins rising to SGD10–11b p.a. in 2026–28, and margins improving. Catalysts: FPSO demand from Brazil and Guyana, margin expansion, de-risked balance sheet. Risks: None highlighted.
Yangzijiang Shipbuilding Holdings
Maybank: HOLD | TP SGD4.15 — Initiation. Shipbuilding moving past peak, order wins at 5-year low, margins likely to normalise from 34%. Risks: Shipbuilding cycle peaking, margin normalisation.
CapitaLand Integrated Commercial Trust
DBS: BUY | TP S\$2.80 — Expecting 9% 12-month performance. Positive on asset recycling and supportive yield. Catalysts: Asset recycling, easing inflation fears.
OCBC: HOLD | FV SGD0.655 — Yield is supportive at current levels; cautious outlook due to sector headwinds.
Mapletree Logistics Trust
DBS: BUY | TP S\$1.55 — Positive on logistics sector resilience and asset recycling. Catalysts: Asset recycling, sector resilience.
Parkway Life REIT
DBS: BUY | TP S\$4.75 — Defensive healthcare REIT with resilient earnings profile. Catalysts: Stable healthcare demand.
Keppel REIT
DBS: BUY | TP S\$1.05 — Positive view on asset recycling and recovery in office demand. Catalysts: Asset recycling, office market recovery.
Centurion Accommodation REIT
DBS: BUY | TP S\$1.30 — Favourable on accommodation sector resilience and growth. Catalysts: Accommodation sector growth.
NTT DC REIT
DBS: BUY | TP S\$1.20 — Positive on data centre expansion and sector tailwinds. Catalysts: Data centre growth, AI-driven demand.
Capitaland Ascott Trust
DBS: BUY | TP S\$1.15 — Supported by travel recovery and asset recycling. Catalysts: Travel recovery, asset recycling.
Wilmar International
DBS: Positive — Highlighted as a top pick for de-escalation trade; benefits from agri commodity spillover and resilient palm oil prices. Catalysts: Higher oil prices, agri commodity demand.
ST Engineering
DBS: BUY | TP SGD12.50 — Momentum continues, defence sector outperformance. Catalysts: Defence contracts, war premium.
SATS
DBS: Positive — Preferred transportation pick for de-escalation trade, expected to benefit from lower fuel costs. Catalysts: Lower fuel prices.
AEM Holdings Ltd
CGS: Proprietary position disclosed — Gained on AI tailwinds, highlighted as a big-cap gainer (up 43.79% in Mar). Catalysts: AI and semiconductor upcycle.
Singapore Technologies Engineering Ltd
CGS: Top gainer — Strong performance (up 8.43% in Mar), highlighted for defence sector momentum. Catalysts: Defence spending, geopolitical tensions.
Sembcorp Industries
CGS: Top gainer — Utilities sector outperformer (up 8.33% in Mar), positive on energy segment. Catalysts: Higher energy prices, utilities demand.
Stocks rose on Tuesday following new reports that gave investors hope that the Iran war could soon come to an end.
The Dow Jones Industrial Average was up 1,125.37 points, or 2.49%, and closed at 46,341.51. The move came after an unconfirmed report said Iranian President Masoud Pezeshkian is open to ending the war with guarantees. The S&P 500 gained 2.91% to end at 6,528.52, and the Nasdaq Composite advanced 3.83% to 21,590.63.
The Technology Select Sector SPDR Fund (XLK) closed more than 4% higher. Nvidia climbed 5.6%, and Microsoft advanced 3.1%.
Futures linked to the broad market index were last up nearly 0.3%, and Nasdaq 100 futures gained around 0.5%. Dow Jones Industrial Average futures gained 55 points, or 0.1%.
Late Tuesday, President Donald Trump told reporters at the White House that he expects the U.S. military forces will leave Iran in “two or three weeks.”
”Brent crude futures settled up 4.94% at $118.35 per barrel — the highest close since June 16, 2022. However, West Texas Intermediate futures settled down 1.46% at $101.38 per barrel.hide contentICE Brent Crude (May′26)
Nike: Stock fell ~2% as North America revenue slightly missed expectations, though overall earnings and revenue beat forecasts.
Dave & Buster’s: Shares rose ~1% despite missing earnings and revenue estimates, supported by positive growth outlook for 2026.
PVH: Stock gained ~1% after beating both earnings and revenue expectations.
RH: Shares dropped sharply (~18%) due to weak guidance and earnings/revenue missing estimates.
nCino: Stock surged ~20% after issuing strong revenue guidance and beating quarterly revenue expectations.
King Wan Corporation secures $57.6 million worth of M&E contracts for the first three months of 2026
Reclaims Global reports higher earnings of $6.8 million for FY2026, up 23% y-o-y
NTT DC REIT renews master lease for SG1 at 23% increase in rent
A unit of e-commerce company JD.com Inc and partners have picked financial advisers including Bank of America Corp, DBS Group Holdings Ltd and UBS Group AG for an initial public offering (IPO) of their Singapore-based real estate investment trust (REIT), according to people with knowledge of the matter.
The REIT, which will feature Southeast Asian assets of JD Property Inc, Swiss investment firm Partners Group Holding AG and Hillhouse-backed EZA Hill Property Management Pte Ltd, could raise about $1 billion (US$775 million) in an IPO, the people said, asking not to be identified because the process is private.
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