Broker Name: DBS Group Research
Date of Report: 14 Jan 2026

Excerpt from DBS Group Research report.

Report Summary

• DBS Equity Picks portfolio delivered a 2.8% month-to-date return, outperforming the Straits Times Index (STI), and has achieved a 16.6% annualised return since inception.
• Portfolio changes include reducing exposure to the STI ETF and CityDev, removing LendLease REIT and SIA Engineering, and adding Seatrium for anticipated growth; focus remains on blue chip, dividend, and growth stocks such as Keppel, ComfortDelgro, Netlink NBN, CityDev, SATS, Mapletree Logistics Trust, iFAST, NTT DC REIT, Centurion REIT, Nam Cheong, and UMS Integration.

Above is an excerpt from a report by DBS Group Research. Clients of DBS Group Research can be the first to access the full report from the DBS website: https://www.dbs.com/