Singapore Stock Alpha Picks (December 2025) - UOB Kay Hian 2025-12-03: Add Keppel, SATS, UltraGreen; Take Profit On Frencken, UMS, SIA

• For Dec 25: Add Keppel, SATS and UltraGreen; remove Frencken, UMS and SIA.
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Market review.

• Singapore equities posted a firmer month in Nov 25, with the FSSTI rising 2.2% m-o-m. Sector performance was mixed, led by telecoms (+10.3% m-o-m), plantation (+3.8% m-o-m) and financials (+2.0% m-o-m). Weakness emerged from rate-sensitive and mobility-linked sectors like REITs (-0.7% m-o-m), land transport (-1.4% m-o-m), aviation (-1.8% m-o-m) and shipyards (-2.7% m-o-m).
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Stable Alpha Picks performance with stronger weighted gains.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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