DBS Group Research

Singapore economy

One-year-ahead headline inflation expectations elevated to 4.6% in March: DBS, SMU

For the longer horizon, the five-year-ahead CPIEx inflation expectations elevated to 5.2% in March from 4.2% in the December 2022.
DBS reinstates coverage on Keppel Corp, the 'undervalued gem' - THE EDGE SINGAPORE

Broker's Calls

DBS reinstates coverage on Keppel Corp, the 'undervalued gem'

Ho believes Keppel Corp's P/B valuation relative to CLI should improve

Singapore economy

RHB expects MAS to increase slope of the S$NEER path to 2.0% at upcoming April meeting

DBS, on the other hand, sees MAS’s current policy as tight enough and that it is likely to pause tightening.

Broker's Calls

Hospitality S-REITs entering 'multi-year upcycle' with 'travelanche' of Chinese travellers: DBS

DPUs will recover to 106% of levels in FY2024, which will more than compensate for higher interest rate risks, say DBS's analysts.
'Buy' data centre S-REITs while they are under pressure from distressed tenant: DBS - THE EDGE SINGAPORE

Broker's Calls

'Buy' data centre S-REITs while they are under pressure from distressed tenant: DBS

Among three S-REITs facing pressure, Keppel DC REIT’s “diversified exposure” offers “longer-term growth”, says DBS Group Research.
Have S-REITs reached a bottom in March? DBS optimistic on retail, industrial names - THE EDGE SINGAPORE

Broker's Calls

Have S-REITs reached a bottom in March? DBS optimistic on retail, industrial names

Most bad press have been focused on US-focused names, where a deteriorating economic outlook places uncertainty on dividends.

Broker's Calls

DBS sees 8.5% DPU downside risk in 'worst case scenario' for Myer arbitration notice

Myer's arbitration claim "remains a puzzle" to the team at DBS.
'Rewards for the brave' who dare to bet on US office S-REITs now: DBS - THE EDGE SINGAPORE

Broker's Calls

'Rewards for the brave' who dare to bet on US office S-REITs now: DBS

“We believe that at 0.5x P/B, it is close to the bottom and awaiting a catalyst.”
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