s This the Best Bank Stock to OwnDBS capital return dividend of 15 cents per quarter:
The dividend yield of 6.5%-6.8% for DBS means that investors can expect an annual return of 6.5%-6.8% on their investment purely from dividends, based on the current stock price.
The capital return dividend of 15 cents per quarter refers to an additional dividend payout that DBS has introduced, beyond its regular dividends. This means:
DBS will distribute SGD 0.15 per share every quarter on top of its usual dividends.
Over the full year, this adds up to SGD 0.60 per share in extra returns.
This additional payout is part of a strategy to return excess capital to shareholders, likely due to DBS’s strong balance sheet and profitability.
Impact on Investors:
Higher Total Dividends: The combined regular dividend + capital return dividend means higher total payouts for investors.
Attractive Income Stock: A 6.5%-6.8% dividend yield makes DBS one of the highest-yielding blue-chip stocks in Singapore.
Consistent Payouts: Since DBS has committed to this extra dividend for at least FY2025-2027, investors can expect stable and predictable returns.
In Simple Terms:
DBS is giving shareholders extra money on top of its regular dividends, making it a high-yield income stock. If you hold DBS shares, you’ll receive more frequent and higher payouts every quarter. 🚀
Thank you
Target Price: S$9.25 (SOTP-based)Keppel’s strategic focus on asset-light operations, digital infrastructure, and strong capital recycling efforts continues to position the company for sustainable long-term growth. Despite near-term volatility in the real estate segment, Keppel’s high-margin businesses in connectivity and asset management are proving to be strong revenue drivers.
With a BUY recommendation and a target price of S$9.25, Keppel remains an attractive investment option for those seeking strong dividends, strategic growth, and a diversified business model
Next Price traget fpr YZJ Finance:$0.5, followed by $0.535By acquiring a substantial stake in Tsuneishi Group’s China unit, YZJSGD aims to enhance its presence and influence in the shipbuilding sector, particularly in China, a critical market for maritime industries. The deal aligns with YZJSGD’s broader strategic goal of strengthening its international partnerships and expanding its market share within Asia’s growing shipbuilding industry.
UOB could announce special dividendsUOB will be the first to report its financial results on February 19.
Institutional investors have maintained strong confidence in Singapore’s banking stocks, with cumulative net inflows of S$1.19 billion in 2024. The three banks currently offer attractive dividend yields: DBS at 4.8%, OCBC at 5.0%, and UOB at 4.6%, all above their respective five-year averages.
Investors will be keenly watching capital management plans, dividend strategies, and loan growth trends. With a resilient earnings base, strong institutional confidence, and the potential for capital returns, Singapore’s banking sector looks set to maintain its strong performance into 2025.
Singtel next price target is $3.39 followed by $3.53SingTel’s dividends are expected to rise steadily, reaching 21 Singapore cents by FY27. This growth is supported by reduced capex intensity, a focus on improving ROIC across key business units, and the monetization of assets like the Bharti Airtel stake and the redevelopment of Comcentre.
Thank you
SATS appears to be in an oversold condition. SATS currently trades at 18.1x FY26F PE and 15.4x FY27F PE.
The target price has been adjusted to S$4.00, based on an 18.4x FY27F PE valuation, which is 0.5 standard deviations (SD) below its historical mean PE of 19.9x.
The negative impact of tariff and tax rule changes is likely already priced in, making SATS an attractive long-term investment despite near-term risks.
SATS is well-positioned for long-term growth despite near-term challenges posed by US trade policies and global macroeconomic factors. The company’s strong fundamentals, ongoing expansion strategy, and historical resilience make it a compelling investment at current valuation levels. The recommendation remains a BUY, with a revised target price of S$4.00.
From a technical analysis perspective, SATS appears to be in an oversold condition. The stock price has the potential to rebound to $3.46, followed by $3.58, presenting investors with an opportunity for an upside of 3.5% to 7% range over the next few weeks.
Innotek: the company stay optimistic abt its long-term prospectsInnoTek
InnoTek, trading at \$0.43, has been navigating a transformative journey since selling its core disk-drive components business over 15 years ago. The precision components manufacturer pivoted to grow its small stamping business and has since diversified into promising sectors such as electric vehicles (EVs) and graphics processing unit (GPU) servers, which are riding the artificial intelligence (AI) wave. These efforts are now bearing fruit, with revenue for the first half of 2024 rising 30.9% year-on-year to S\$121.6 million.
The diversification strategy has been driven by growth in GPU server-related projects for AI applications, which now account for about 27% of InnoTek’s revenue, up from 14% a year earlier. The automotive segment remains its largest contributor, accounting for 33% of revenue, bolstered by the strong EV market in China. Other segments, including office automation, TVs and displays, also contribute significantly to its topline.
However, profitability has taken a hit, with net profit for H1 2024 slipping 8.3% to S\$3.2 million. This was attributed to extraordinary costs linked to shifting business strategies and geopolitical tensions driving the “China+1” manufacturing strategy. InnoTek has been strategically expanding its footprint in ASEAN countries, with facilities in Thailand and Vietnam, and plans to further invest in Malaysia due to its favorable infrastructure and skilled workforce.
Despite short-term challenges, the company remains optimistic about its long-term prospects. With a market capitalization of \$100 million, InnoTek trades at 0.6x its book value of 76 cents. Its strong balance sheet, featuring net cash of \$56 million, supports a sustainable dividend payout of 2 cents per share, translating to a yield of 4.6%. Analysts recommend an “Accumulate on Weakness” strategy, citing the company’s strong positioning for longer-term growth.
Fundamentals + TechnicalsFundamentals: Is the worst over?
1) Revenue: 70% from China. Chinese gov is determined to support its economy, launching a fresh set of stimulus earlier this week. Trump 2.0 tariffs may spur the chinese government to improve more on manufacturing capabilities and equipment turnover, and ISDN is likely to benefit.
2) Semicon (SEA): ISDN suffered for past 3 years the downcycle of semicon. Normally semicon cycle is between 18-24 months. Somehow this downcycle is disrupted by the wave of AI chips. However lower end semicon chips are still being used 80% of the time. I believe the downcycle of semicon is in sights. This will help ISDN resume its high margin business.
3) Weak Yuan: A weak yuan vs SGD caused unrealised fx losses in FY 2022 and FY 2023. However yuan has relatively been stable in 2024 albeit minor weakness. Chinese gov loosened it's monetary policy for the first time since 2011. And if we go back to 2011, yuan strengthened against SGD significantly until 2015 when the chinese economy popped. Could we see similar trends? One thing for sure, Trump will not allow yuan to depreciate and may likely find a balanced deal.
4) Re-investments during downcycle for 3 years: ISDN's management has been talking about re-investing in people and capabilities during downcycle. Historically, companies that do that benefits strongly during upcycle of economy. ISDN in its recent "Theedge" article mentioned about building a platform for talents to push for upsides with limited downsides. This business strategy will play out when economy improves.
5) Hydropower plants: This money making machine is churning out cash for the company daily. Due to its stability of cashflows (from PLN) and electricity generation even during dry seasons, these assets open up many possibilities of realising gains, which includes asset sales, equity sales, or listing as mentioned in the annual report. What we can be assured is due to the stability of cashflow, the company is not in the hurry to sell the asset at depressed price, so when the sale does actually come, we know that it will be at least fairly priced.
Technicals (weekly):
ISDN is now at a descending triangle movement. Recently price stability above $0.3 with MACD crossing into positive territory could mean an explosive upside in weeks to come. Daily chart also sees stability above SMA 200 and monthly chart MACD histo crossed positively this month.
I have set a price target of $0.465 and $0.61, representing roughly 50% and 100% gains respectively.
Do your own dd.
Riverstone Breaks Descending TriangleRiverstone, a Malaysian glove manufacturer listed on the SGX, specializes in semiconductor cleanroom gloves and is anticipated to benefit from the Trump administration's tariff policies, which will impose high duties on Chinese gloves. Despite this advantage, the semiconductor industry continues to face challenges, with order recovery remaining slow.
"En Route to Recovery" - EuroSports Global Ltd. (SGX: 5G1)Based on our observation, EuroSports Global has been showing signs of recovery alongside with a sign of collection (as indicated by the MCDX indicator), while RSI shows a neutral-positive upwards trend. Currently, EuroSports is challenging its key resistance at S$0.200, with a potential to challenge higher upon breaching the resistance, while key support remains at S$0.160 as tested multiple times over the past week.
We keep a "BUY" rating for EuroSports Global, given the encouraging momentum the share price is showing.
Singapore’s EV Market Poised for Leadership in Southeast Asia?Singapore is set to become Southeast Asia’s largest electric vehicle (EV) market, with an estimated 80% of its passenger vehicles expected to be electric by 2040, according to BloombergNEF. This significant market shift underscores Singapore’s commitment to sustainable transportation, placing it far ahead of regional peers, where the average EV market share will likely reach just 24%.
The Lion City already leads Southeast Asia in EV adoption, with EVs making up about 32.1% of new car registrations within the first seven months of 2024. In 2023, EVs comprised 19% of total vehicle sales, highlighting the growing consumer shift towards cleaner energy vehicles.
Singapore also boasts the highest density of EV charging infrastructure in the region, with one public charger for every three EVs. By comparison, Thailand has a charger for every 16 EVs, Malaysia one for every 38, and Indonesia one for every 42. This extensive charging network alleviates concerns around charging accessibility, a common challenge in EV adoption, and demonstrates Singapore’s proactive steps to support its EV market expansion.
Driving Factors: Falling Battery Prices and Policy Support
A key enabler of EV adoption is the reduction in battery prices, the most expensive EV component. BloombergNEF projects that battery prices will fall by 17% every time the cumulative number of batteries produced doubles, significantly decreasing EV costs. From 2010 to 2023, battery pack prices dropped by 90%, making EVs more affordable and competitive with petrol-powered vehicles.
Supportive government policies also bolster Singapore’s EV market growth. Policies include banning new diesel-powered cars and taxis from 2025, implementing a certificate of entitlement (COE) system to encourage vehicle turnover every ten years, and mandating that all new car and taxi registrations from 2030 must be cleaner-energy models. These strategies align with Singapore’s Green Plan, which aims for 60,000 EV charging points by 2030 and 100% clean-energy vehicles by 2040.
Comparative Growth and Regional Trends
Across Southeast Asia, the EV market has been expanding, driven in part by Chinese automakers such as BYD, Great Wall Motor, and GAC Aion, which are setting up manufacturing facilities in Thailand. Although Thailand currently leads the regional EV market in sales numbers, with over 86,000 EV units sold in 2023, Singapore is expected to lead in market share percentage. In total, Southeast Asia saw more than 153,500 passenger EV sales in 2023, including 5,734 units in Singapore.
Transport economist Professor Walter Theseira attributes Singapore’s rapid EV adoption to the COE system, contrasting it with other Southeast Asian countries where vehicles are often kept for longer. Singapore’s vehicle turnover model, coupled with policies promoting EV use, has created a supportive environment for sustained EV growth.
Future Opportunities for EuroSports Global Ltd. and Nio Inc.
As the demand for EVs continues to rise in Singapore, companies like EuroSports Global Ltd. and Nio Inc. stand to benefit. EuroSports Global, a local leader in luxury and performance vehicle distribution with its own in-house Scorpio Electric Vehicle brand, has the potential to leverage Singapore’s growing market for high-performance EVs. Meanwhile, Nio Inc., a prominent Chinese EV manufacturer, could find new opportunities to expand its presence and meet demand in Singapore, given the city-state's openness to international EV brands and its alignment with clean energy goals.
With its robust infrastructure, government support, and ambitious clean-energy targets, Singapore is well on its way to becoming Southeast Asia’s leading EV market, setting a compelling example for neighbouring countries aiming for sustainable growth.
Should You Invest in EuroSports Global Ltd (SGX: 5G1)?In Singapore, the electric bicycle market is experiencing significant growth. Revenue is projected to reach USD 77.65 million in 2024, with an anticipated annual growth rate (CAGR) of 3.88% from 2024 to 2029, culminating in a market volume of USD 93.95 million by 2029.
This upward trend reflects a strong consumer shift towards eco-friendly transportation alternatives.
This growth is driven by Singapore’s commitment to sustainable transportation, making it easier than ever to adopt cleaner, greener travel across the city.
EuroSports Global Ltd. (SGX: 5G1) is at the forefront of this revolution through Scorpio Electric. The flagship Scorpio Electric X1, the first ever home-grown electric bike in Singapore, is currently undergoing public road testing, following the special approval of a Special Purpose License from the Land Transport Authority in July 2024.
With advanced connectivity, from phone-to-bike integration to customisable energy regeneration, the X1 offers a personalised electric motorcycle experience unlike any other.
Yet, despite such progress and innovation, EuroSports Global’s share price remains undervalued. Analysts believe that with its pioneering role in the electric vehicle market and a strong growth trajectory, the company is positioned for significant upside.
For investors who have zero position in the company, perhaps this is a good opportunity to invest in them as the market has clearly yet to reflect their true value.
Technical Review - EuroSports Global Ltd (SGX: 5G1)Our proprietary indicator had spotted a significant uptick in interest in SGX: 5G1 over the past few trading days, with its share price once breached the key resistance level of $0.200. Based on the fund flow indicator (as represented by the red bar), there is collection activities ongoing for 5G1 currently.
We remain positive on the upcoming price movement of 5G1 with our short term TP being set at $0.300, which is the previous high level for the company, while supported strongly by the EMA20/50 levels at the current price, $0.175.
The Untapped Potential of Electric Vehicle (EV) in SingaporeSingapore is poised to lead South-east Asia's electric vehicle (EV) revolution, with a projection that by 2040, 80% of all passenger vehicles in the country will be electric.
This makes Singapore the standout market in the region, with a significantly higher adoption rate compared to its neighbours, where the regional average is expected to reach just 24%. Thailand and Vietnam are forecast to trail behind at 41% and 31% respectively, highlighting Singapore’s robust position in the green mobility sector.
Singapore’s adoption of EVs is already outpacing other nations in the region. By 2023, EVs made up 19% of total vehicle sales in the country, the highest in South-east Asia. Notably, in the first seven months of 2024, EVs represented 32.1% of new car registrations, showcasing strong growth momentum.
Singapore’s lead is further underpinned by a dense charging network, with one public charging station for every three EVs—far ahead of Thailand's ratio of one charger for every 16 EVs and Malaysia's one for every 38.
The rapid growth of the EV market in Singapore is supported by government initiatives aimed at promoting electric mobility and a greener future. The Electric Vehicles Charging Act, introduced in December 2023, has laid the regulatory groundwork for a reliable and accessible EV charging network. It ensures that all chargers adhere to Land Transport Authority (LTA) safety standards and introduces a new licensing regime for charging operators to maintain service standards and safety.
These efforts will facilitate the deployment of 60,000 EV charging points across Singapore by 2030, with 40,000 set for public car parks and 20,000 for private premises.
Additionally, the Certificate of Entitlement (COE) system in Singapore plays a significant role in accelerating EV adoption. By encouraging the turnover of vehicles every ten years, the system indirectly fosters the uptake of newer, greener technologies like electric vehicles. Coupled with policies aimed at ending the registration of new diesel-powered cars and taxis from 2025 onwards, Singapore’s path towards sustainable transport is clearly defined.
A key factor driving this EV expansion is the steady decline in battery prices. Batteries are the most expensive component of an electric vehicle, but BloombergNEF notes that battery prices have fallen by 90% from 2010 to 2023, and they are expected to drop further by 17% for every doubling of battery production. This trend is making EVs more price-competitive with traditional internal combustion engine vehicles, thus lowering barriers to entry for many prospective EV owners.
Looking at the broader South-east Asian context, the market for passenger EVs continues to expand, fuelled by supportive policies and the involvement of major Chinese automakers. In Thailand—the largest EV market in the region—EV sales quadrupled in 2023 to 86,383 units. Singapore, while smaller in absolute numbers, recorded 5,734 EV sales in the same year, reflecting a significant adoption rate relative to its population size.
Government strategies, such as mandatory EV charging provisions for new buildings and incentives like the EV Common Charger Grant for private residences, are further catalysing the growth of EV infrastructure in Singapore. By the end of 2023, approximately one-third of Housing and Development Board (HDB) car parks were fitted with EV charging points, with a target for all HDB towns to be EV-ready by 2025. The government is also working towards fostering a culture of responsible sharing of charging facilities as part of its broader aim of a seamless and accessible charging experience.
Against this backdrop, EuroSports Global Ltd (SGX: 5G1) is aggressively entering the market with the launch of the Scorpio X1 EV bike. With approval from the Land Transport Authority (LTA), this electric motorcycle aims to capture the growing demand for EVs in Singapore.
Given the country's favourable regulatory environment, expanding infrastructure, and consumers' increasing shift towards electric mobility, the Scorpio X1 could see significant growth in the coming years, marking a promising chapter for EuroSports Global Ltd in the electric mobility sector.
The content of the article originated from The Straits Time Singapore - Singapore will have largest share of passenger EVs in S-E Asia by 2024: Report.
Breakout after 12 yearsTion Woong has been in the long triangle range for more than 12 years and it is breaking out now. with the larger STI index also moving on the higher side and construction in full swing the stock has fundamental tailwind also. looking for it to touch SGD 1.20 with a stop loss at SGD 0.50 .. Long term hold ... lets see
The Hidden Investment Gem in Singapore? With the weakening of SGD, now might just be the perfect time to look into stocks listed in the Singapore market. While doing so, I noticed that one company that has significant exposure to the Electric Vehicle (EV) has been under the radar for too long.
This company, EuroSports Global Limited (SGX: 5G1), is the specialist in distribution of ultra-luxury and luxury automobiles and the provision of after-sales services. How luxurious, you may ask? Well, super cars such as Lamborghini and Touring Superleggera (2012, Asean region) have been in their distributional portfolio since 2002 (Singapore) and 2018 (Indonesia).
Beyond such luxurious brands, EuroSports had a new wholly-owned subsidiary, Scorpio Electric Pte. Ltd. (SEC) to get involved into the next-generation motorcycle that is fully electric in nature.This is followed by the launch of Scorpio Electric X1 on a global scale - which allows Eurosports to tap into the global EV market.
In their homeground, Singapore, EuroSports also secured a Special Purpose License from Land Transport Authority of Singapore (LTA) for their flagship electric maxi-scooter, which is the X1 model we just mentioned.
In other words, the X1 model is now allowed to be on the roads of Singapore.
This is the very first step of X1 to conquer the electric maxi-scooter, given the premium specification, design and pricing proposition (USD9,800) in the market. We think X1 will be the significant revenue and growth driver for EuroSports ahead.
To conclude, this is certainly a valuable gem for investors to look at.
CAPITALAND Investments (9C1) - BUY!BUY: $2.8 - $2.95
TP:
$3.44
$3.68
CapitaLand Investment will be a major beneficiary of lower rates from income growth for its REIT holdings and enabling accretive fee transactions. Another positive is the massive re-rating of China following the recent monetary stimulus by the central bank and support by the Politburo will benefit the economy indirectly. Similar to the Fed’s quantitative easing, it will be the wealth effect of higher equity and bond prices that boosts confidence and spending. It also encourages borrowing as households and private enterprises are deleveraging despite the record-low interest rates.
Personally. I am buying and holding for my long term dividends portfolio.
DBS Bank Short: Technically SpeakingBased on technical analysis, I have a few reasons to believe that DBS has reached a peak, or is peaking.
Briefly, here's a list of what's shown on the chart:
1. Elliott Wave counts shows that the vertical move from 5th Aug 2024 to 20th Sep 2024 can be deemed as a 5th wave of a 5th wave.
2. RSI(7) on the daily timeframe is in overbought and at a level that will usually turn down. (Take note that if you study previous price where the RSI(7) reached this level, it usually shows a 3rd wave then a 4th before another high was reached).
3. 2 Fibonacci extension levels converges around $39:
3.1. The first is where I extend cycle wave 1 (green fibo extension) and shows that entire cycle wave could potentially be 1.618x of cycle wave 1. Actual target: $38.88
3.2. The second is where I extend primary wave 1 of cycle wave 5 (purple fibo) and shows that wave 5 could be 1.618x of wave 1. Actual target $38.95
The idea can easily and quickly be invalidated if DBS easily make another new high of say $39.50 (which is why the stop loss is placed around that price). But no matter what, it is important to stay cautious and look for signs that price action is no longer sustainable.
Good luck!