Singapore Market Focus - DBS Research 2026-05-08: Navigating War Outcomes With Resilience & Value Unlock

• We maintain our 2026 year-end STI target of 5250, premised on our base case (50%): Brent peaking at US$125/bbl, before easing to US$80/bbl by year-end, as oil flows gradually resume through the Strait of Hormuz by June. Outperforming sectors are tech, financials, aviation, property/REITs and consumer discretionary.
• - Read this at SGinvestors.io -
• Worst case (20%), Brent >US$125/bbl, spikes to US$150-200/bbl, STI falls to 4450, 4300.

3 key events in May.

• These events are also likely to influence market tone:
  1. Fed transition on 15 May should proceed smoothly, though into a more divided and hawkish policy backdrop that favours index heavyweight banks;
  2. Trump-Xi meeting on 14-15 May is likely to focus on stabilising tensions, with Hutchison Port Holdings Trust (SGX:NS8U) as the clearest direct beneficiary of a constructive outcome; and
  3. - Read this at SGinvestors.io -

Adopt a ‘resilience’ barbell strategy.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

More views on Singapore stock market outlook & investment strategy:
Analysts Say Analyst Reports on Singapore Stock Strategy

Latest research on Singapore stocks @
Analysts Say Stocks & REITs Research Reports
Analysts Say Sector / Industry Research Reports

Latest Stock Ratings & Price Targets @
Analysts Say Price Targets & Stock Ratings Changes
Analysts Say Consensus Target Prices