Analysts favour Singtel and Venture stocks
DBS Group Research recently added Singtel to its blue chip selection category, citing a recent 18% decline from its March peak as an “opportunity to add.” The brokerage attributed the drop to broader market corrections rather than company-specific issues. DBS also increased its stake in Singtel, purchasing 8,800 shares at S$4.34 each, and highlighted upcoming tariff hikes in India and a potential prospectus filing for Singtel’s Jio unit as catalysts.
Alongside Singtel, DBS adjusted its exposure in other June picks. Yangzijiang Maritime saw its stake raised by 10,000 shares at S$0.60 per share, driven by recent contract wins that improve earnings visibility. The brokerage described the stock’s 16% pullback from S$0.715 as a buying chance. Sats also gained attention after its Q4 results countered US-Iran war disruptions, prompting DBS to add 2,800 shares at S$3.37 each.
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In wealth management, DBS noted that regulatory crackdowns on offshore brokers like Futu Holdings could benefit compliant platforms such as iFast. The brokerage added 700 shares of iFast at S$8.77 and 700 of City Developments Ltd at S$8.07. CDL remained a value-unlock pick, with Kwek Leng Peck’s return to the board and the group’s strategic review as factors.
UOB Kay Hian (UOBKH) updated its June alpha picks, adding Venture Corporation and Riverstone Holdings to its 14-stock portfolio. Venture’s inclusion followed early signs of an AI-driven revenue recovery cycle through 2026. The company’s “fortress balance sheet” with over S$1 billion in net cash and a 5% dividend yield were highlighted as strengths.
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Riverstone’s upgrade to a “buy” rating stemmed from strong customer demand despite rising raw material costs. Management noted that clients prioritized supply reliability, allowing the company to pass on higher prices and recover margins. UOBKH’s portfolio outperformed the Straits Times Index in May, returning 3.3% on a price-weighted basis, though it lagged on an equal-weighted basis.
Other top performers in UOBKH’s June list included Hong Leong Asia, which rose 17.9% after acquiring Yong Tai Loong, and Valuetronics, which gained 14.7% on a shift to industrial products and a strong balance sheet. Beng Kuang Marine also advanced 10.3% due to progress in its offshore consolidation.
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CDL, Keppel, Huationg Global, Oiltek, Food Empire, Ultragreen.ai, OCBC, NTT DC Reit, and China Aviation Oil were also named in UOBKH’s picks. No stocks were removed from the list, signaling continued confidence in the selected names. Both DBS and UOBKH’s moves reflect a focus on sectors poised for near-term gains, from telecom to AI and manufacturing.
