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In a report dated June 10, UBS points out that the concern over China’s new cross-border investment regulation for the local banks is real but limited. UBS looks at the extent where wealth management (wealth) was responsible for the recent re-rating for DBS and OCBC, and the impact of a moderation in wealth growth on the ROE trajectory. “Both suggest some adjustment is warranted, but neither supports a dramatic de-rating,” UBS says.

In a June 17 report, UOB Kay Hian’s Tang Kai Jie and Heidi Mo believe that the market has “underappreciated” the two recent contract wins worth $28.6 million by Beng Kuang Marine’s subsidiary Asian Sealand Offshore and Marine (ASOM).

Vijay Natarajan of RHB Bank Singapore has kept his "buy" call and 66 cents target price on Starhill Global REIT, given its "steady" operational performance, due to a well-balanced mix of master or actively managed leases. 

"The REIT manager exercises prudence in terms of acquisition with minimal equity fund-raising since listing," says the analyst in his June 17 note.

Natarajan sees some positive developments. 

JP Morgan issued an update on City Developments (CDL) on June 16, reiterating its overweight call with a 12-month price target of $10.45. 

The report points out that since Kwek Leng Peck was appointed as vice chairman of CDL, the share price has rallied 10.1% compared to a 1.6% gain in the Straits Times Index.

“Kwek Leng Peck’s return signals strong Kwek family support for CEO Sherman Kwek and management’s plans to execute CDL’s strategic review while improving operating performance and capital allocation,” the JP Morgan report says.

Serena Lim Yi Qi and Paul Chew of PhillipCapital have maintained their upbeat call on sweet potato company Zixin Group after its 2HFY2026 earnings that exceeded expectations.

For the six months to March, Zixin reported earnings of RMB45.4 million, up 29.9% y-o-y, with revenue up 44.3% to RMB386.8 million in the same period on higher sales volumes. This brings its full year FY2026 earnings to RMB61.4 million, up 43.8%, and revenue of RMB607.5 million, up 43%.

Alfie Yeo of RHB Bank Singapore remains positive on chocolate maker Delfi for its growth prospects, strong market share and extensive network in its key market Indonesia.

"While we are now more cautious on margins, we continue to anticipate a strong FY2025 to FY2028 earnings CAGR of 10%, driven by market penetration in Indonesia as well as in regional markets. We still regard Delfi as a long-term takeover target, given its strong market share and extensive distribution network across Indonesia," says Yeo, who has kept his "buy" call.

Analysts are mostly bullish over Singapore Exchange’s (SGX) prospects after the exchange reported a “strong” set of numbers in May.

During the month, securities market turnover rose by 70.4% y-o-y to $45.8 billion. Securities daily average value (SDAV) increased by 79.4% y-o-y to $2.4 billion, the highest since October 2007.

Derivatives traded volume was also up by 20% y-o-y to 30.5 million contracts while daily average volume grew by 27% to 1.6 million contracts, the third-highest on reocrd.

Jonathan Koh of UOB Kay Hian has reiterated his bullish call on UI Boustead REIT for a second time in three weeks, on the premise that the REIT is gaining a distinct edge with its strong presence in the high value, growing aerospace industry.

Just last week, Bombardier announced it is spending $100 million to double its presence here in Singapore. The Canadian company's presence at the Seletar Aerospace Park, or SAP, already includes aircraft hangars and a component repair & overhaul workshop.