Report Summary

• Koh Brothers Group Ltd is highlighted for a technical buy, as the stock has broken out of its corrective structure, indicating a resumed uptrend.
• Technical indicators (Ichimoku, MACD, Stochastic, ROC, DMI, and volume spikes) reinforce the bullish outlook for Koh Brothers, with multiple target prices set above current levels.
• DBS Group Holdings is expected to report solid structural year-on-year growth despite weaker quarter-on-quarter seasonality; however, it’s downgraded to Hold due to yield considerations and potential credit cost uptick.
• The report includes a global macro outlook, focusing on the Bank of Japan’s rate policy and its impact on the yen, with concerns about inflation and currency volatility.
• Extensive disclaimers and distribution restrictions are provided for various jurisdictions, emphasizing the confidential and professional investor nature of the report.