The continued payout of CDC vouchers should also boost spending in supermarkets. On the property front, Frasers Centrepoint Trust, CICT, and Mapletree Pan Asia Commercial Trust should benefit.
The message from the Singapore Budget 2026 is that the government will maintain a strong fiscal buffer, while continuing to reinvest and transform the economy. JP Morgan says this should fuel growth in the private sector. “We believe these tailwinds, together with an extension of financial market support, should drive Singapore equities closer to our STI 6,000 target. Our top picks are DBS Group Holdings, Singapore Exchange, UOL Group, Keppel, CapitaLand Integrated Commercial Trust (CICT), City Developments, Singapore Technologies Engineering, Singapore Telecommunications, Grab and SEA." Grab and SEA are listed on Nasdaq.
JTC plans to establish an AI park in One-North to provide spaces near research clusters for start-ups researchers and industry partners. This should attract more companies to One-North, ultimately benefitting CapitaLand Ascendas REIT.
