DBS Group Research

REIT and semiconductor sectors among the favourites - THE EDGE SINGAPORE

Singapore economy

REIT and semiconductor sectors among the favourites

With interest rate cuts set to happen this year, most analysts have turned positive on S-REITs.
Betting on a Singapore swing - THE EDGE SINGAPORE

Singapore economy

Betting on a Singapore swing

REITs are expected to be a favourite with brokerages this year on the back of anticipated rate cuts.

Broker's Calls

DBS lifts Bumitama Agri’s FY2023 earnings after 9MFY2023 earnings surpass expectations

Analyst William Simadiputra keeps his ‘buy’ call as he sees higher earnings prospects in FY2024 as well.
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty - THE EDGE SINGAPORE

Singapore economy

Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty

Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.

Broker's Calls

Analysts keep TPs and estimates despite Seatrium’s project cancellation

The cancellation may negatively impact Seatrium's share price despite the relatively small contract compared to its order book.

Broker's Calls

S-REITs will be net outperformers in 2024; retail S-REITs preferred: DBS

In the near term, however, S-REITs are approaching “overbought” territory as seen in the combined 15% rise in the S-REITs index.
Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages - THE EDGE SINGAPORE

Broker's Calls

Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages

Analysts have kept their target price estimates, which range from 56 cents to 72 cents.

Singapore economy

Analysts see brighter outlook for Singapore in 2024 after better-than-expected 4Q2023 GDP

The analysts estimate that Singapore's GDP in 2024 will expand from 2.0% to 3.0%.

Asean

'Dark horse' Asean to see key transitions and improved prospects in 2024

Asean is the fifth-largest economy in the world, with a combined GDP of around US$3.7 trillion ($4.97 trillion).
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