Broker: DBS
Date of Report: 09 April 2026
Excerpt from DBS report.
Report Summary
- Key Idea: Focus on stocks with meaningful upcoming dividend payouts or strong 1Q earnings updates, particularly if Middle East ceasefire and negotiations deliver sustained positive outcomes.
- Actionable Calls:
- Dividend Plays (recently fell ~10%):
- UOL – Upcoming dividend of \$0.25 (XD: 5 May 2026), 1.7% FY26F yield. Potential value-unlocking.
- CityDev – Upcoming dividend of \$0.25 (XD: 30 April 2026), 2.1% FY26F yield. Potential value-unlocking.
- Yangzijiang Shipbuilding – Upcoming dividend of \$0.20 (XD: TBA, likely 1st half May), 5.4% FY26F yield. Balanced growth and yield.
- Earnings Growth Picks:
- SATS – EPS growth +18% y/y (FY27F).
- iFAST – c.20% EPS growth for FY26F/FY27F. Share price broadly flat since early March.
- UMS Integration – EPS growth of 30%/23% for FY26F/FY27F.
- Most Important Idea: Investors should position in UOL, CityDev, and Yangzijiang for attractive dividends and in SATS, iFAST, and UMS Integration for robust earnings momentum over the next month if geopolitical risks continue to ease.
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/
