Broker Name: DBS
Date of Report: 09 Apr 2026
Excerpt from DBS report.
Report Summary
- Key Actionable Ideas: Focus on stocks with attractive upcoming dividend payouts or strong Q1 earnings updates if Middle East uncertainties ease.
- Buy ideas (Dividend & Value):
- UOL: 9.5% share price increase since 28 Feb. Upcoming dividend \$0.25 (XD: 5-May), 2.5% of price. FY26F yield: 1.7%. Potential value unlocking.
- CityDev: -12.5% share price change. Upcoming dividend \$0.25 (XD: 30-Apr), 2.9% of price. FY26F yield: 2.1%. Potential value unlocking.
- Yangzijiang Shipbuilding: -8% share price change. Upcoming dividend \$0.20 (XD: TBA, likely 1st half of May), 5% of price. FY26F yield: 5.4%. Balanced growth and yield.
- Buy ideas (Earnings Growth):
- SATS: EPS growth +18% y/y in FY27F.
- iFAST: c.20% EPS growth in both FY26F/FY27F; share price broadly flat since early March.
- UMS Integration: EPS growth of 30%/23% for FY26F/FY27F.
- Call to Action: Position in UOL, CityDev, Yangzijiang Shipbuilding for dividends and potential value unlocking if Middle East risks subside. Consider SATS, iFAST, UMS Integration for strong earnings momentum.
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
