The analysts’ top picks among Singapore-listed names are DBS Group Holdings, United Overseas Bank (SGX:U11
) (UOB), Singapore Telecommunications (SGX:Z74) (Singtel), Singapore Technologies Engineering (SGX:S63) (ST Engineering) and Frasers Centrepoint Trust (SGX:J69U) (FCT).
Shifting rate cuts expectations and a stronger US dollar are “well-reflected” in the divergent performance of Singapore stocks, say JP Morgan analysts, with banks outperforming REITs by 7% since December 2024.
Banks’ dividend policies and REITs financing cost trends will be closely watched by investors at the ongoing 4QFY2024 results, say Khoi Vu and Rajiv Batra of JP Morgan’s equity macro research team in a Jan 27 note.
