Broker: DBS Bank
Date of Report: 22 April 2026
Excerpt from DBS Bank report.
Report Summary
- Actionable Ideas:
- SGX RegCo is consulting on enhanced disclosures for value creation, requiring issuers to disclose management pay alignment with long-term value creation, establish and articulate dividend policy, and maintain investor engagement website and policy.
- Stocks with potential dividend upside and value unlock themes:
- Genting SG: Nominal dividend at 4Scts, with room for increases as performance improves.
- Venture: Expected to maintain absolute dividend paid, total dividend of 80Scts declared in FY25.
- China Aviation: Typical 30% payout ratio, with scope for higher payouts post corporate actions.
- Large Cap Value Unlock:
- City Developments preferred over UOL for near-term catalyst.
- Small-Mid Cap Value Unlock:
- Frasers Property, Far East Orchard, FEHT, Suntec REIT highlighted.
- Nam Cheong: Positive target price (+), supported by newbuild sales signaling tightening OSV market.
- Implications:
- Clear dividend policies could sharpen focus on dividend stocks.
- Enhanced disclosures may boost investor interest in value unlock plays.
above is an excerpt from a report by DBS Bank. Clients of DBS Bank can be the first to access the full report from the DBS Bank website : https://www.dbs.com/insightsdirect/
