DBS 2019 stock market outlook

3 stocks to 'buy' as O&M sector makes slow recovery: DBS
SINGAPORE (Dec 21): DBS Group Research is keeping its “neutral” stance on the offshore and marine sector amid a slow pick up in new orders. “The overall conventional shipping market is expected to remain on a recovery path, albeit gradual,” says lead analyst Ho Pei Hwa in a 2019 outlook and strategy report. Ho notes that global orderbook-to-fleet ratio has dropped to a low of less ...
Singapore's transport sector is stuck in a jam: DBS
SINGAPORE (Dec 21): DBS has a “neutral” rating on Singapore’s transport sector in 2019, with hopes that a better-than-expected economic growth and activity globally would help improve demand volume and pricing for the transport sector. This in turn should help improve ROEs, which have been under pressure for the past few years. The research house has ComfortDelGro and ST Engineering ...
Banks expected to continue to deliver resilient earnings in 2019: DBS
SINGAPORE (Dec 20): DBS Group Research says it expects Singapore banks to deliver “resilient” earnings growth of close to 8% in FY19, following a record year in FY18 with earnings rising 27% y-o-y. “While growth in non-interest income may be moderated due to weaker market-related income, stronger net interest income and low credit costs should still continue to support the banks’ ...
Local telcos may see a positive surprise in 2019: DBS
SINGAPORE (Dec 20): DBS has an “overweight” rating on Singapore’s Telco stocks as TPG’s abysmal capex so far implies room for positive surprise in 2019. TPG has so far spent A$66.7 million ($65.7 million) in cumulative capex on its Singapore roll-out, about 22-32% of its planned S$200-300 million of capex. In a market focus report, analyst Sachin Mittal says, “At the current level ...
REITs remain a safe defensive bet for 2019: DBS
SINGAPORE (Dec 19): DBS Research is expecting Singapore REITs (S-REITs) to deliver DPU growth in 2019. DBS, which has an “overweight” rating on the S-REITs sector, expects investors to gravitate towards the retail and industrial sectors in 2019, due to the heightened risk surrounding demand for office space and hotel rooms arising from the ongoing trade war and risk of near-recession ...
Singapore plantation sector set to rebound in 2019: DBS
SINGAPORE (Dec 18): DBS Research has an “overweight” rating on the Singapore plantation sector with Bumitama Agri, First Resources (FR) and Wilmar as its top “buy” picks. “Amid the lack of significant catalysts for crude palm oil (CPO) prices to rally to above our base case forecast next year, we still prefer companies with strong organic CPO volume growth prospects that can help ...
3 defensive consumer stocks to ride out near-term headwinds
SINGAPORE (Dec 17): DBS Vickers Securities is “overweight” on the consumer goods sector, on the belief that F&B and retail services in Singapore are likely to outperform other cyclical industries amid trade-war related uncertainties in 2019. In a Nov 26 report entitled 2019 Outlook and Strategy, analyst Alfie Yeo that the consumer sector’s valuation – based on stocks under DBS’s ...