This year the trio of DBS, UOB and OCBC have contributed more than 25% of the average daily turnover of the Singapore stock market, while averaging a 3% YTD total return following the 25% average total return in 2021. Institutions have also been net sellers of the trio in the 2022 YTD, following on from net buying in 2021.
1. DBS
DBS beats forecasts with Q2 earnings up 7%, boosted by interest rate hikes.
2. UOB
United Overseas Bank (UOB) has reported a net pr...

With global tourism recovering, more visitors arriving, and more events coming to Singapore, the services sector will rebound strongly, including hotels, restaurants, airlines and tourism-related sectors.
DBS is bullish that Singapore Real Estate Investment Trusts (S-REITs) will continue to benefit from the reopening of the economy, with a compound annual growth rate (CAGR) in dividend per unit (DPU) averaging 8% over the...

Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs said on Thursday, and could even hit $140 in the face of a recession.
“$140 is still our base case because, unlike equity, which are anticipatory assets, commodities need to solve for today’s mismatched supply and demand,” energy analyst Damien Courvalin said, who compared today’s market to the recession in 2008.
At that time, oil prices rallied even during the ...

So far this year, local economic activity has remained "resilient' despite rising inflation. The current growth forecast for 2022 is for the Singapore economy to expand at the lower end of 3% to 5% range.
Stagflation, a combinaiton of economic stagnation and inflation, refers to a situation where an economy faces the twin challenges of slow economic growth and joblessness amid rising inflation.
Howeve...

However market has not priced in any possible economic impact on high inflation and other implications as the result of Russian sanctions. Will remain cautious for  now.