The latest Singapore market report, released on 2 May 2025, suggests that investors adopt a range-trading strategy as the Straits Times Index (STI) rebound stalls. The report highlights opportunities for stock rotation, recommending investors switch out of five stocks and rotate into seven others, including DFI, Netlink, and Keppel.
The report, accessible via DBS Vickers Securities, emphasises the importance of strategic trading amidst current market conditions. It identifies HPHT, SIA, UOB, VMS, and AEM as offering bi-directional trading opportunities, particularly in light of tariff-related news flow swings.
In the company focus section, Mapletree Industrial Trust (MINT) is noted for its resilience, with its FY25 distribution per unit (DPU) of 13.57 Singapore cents meeting market expectations. The trust’s Singapore portfolio is praised for its strength and diversity, which provide stability against projected weaknesses in US data centres. The report maintains a “BUY” call on MINT with a target price of $1.90 (S$2.60).
Sheng Siong Group (SSG) is also highlighted, with its first-quarter 2025 revenue reaching $295m (S$403m), a 7% year-on-year increase. Earnings for the quarter stood at $26m (S$36m), supported by revenue growth and gross margin expansion. The report anticipates further earnings growth in FY26, driven by new store openings, and raises the target price to $1.46 (S$2.00).
The report underscores the need for investors to remain vigilant and adaptable, leveraging strategic stock rotations and trading opportunities to navigate the current market landscape effectively.
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