Here are some stocks DBS says should benefit from Budget 2017

SINGAPORE (Feb 22): DBS is picking growth stocks Genting Singapore, Thai Beverage, UOB, SGX, Sheng Siong, Bumitama Agri and First Resources to benefit from the expansionary Budget 2017 and expects them to offer EPS growth of between 11% to 83%.

The research house also like ST Engineering as a key proxy to benefit from smart nation initiatives while offering an attractive dividend yield of 4.1%.

In a Tuesday report, lead analyst Janice Chua says Budget 2017, though expansionary, is sufficiently prudent to steer Singapore through the economic transition.

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