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Singapore tech stocks extended their stellar run into May, riding on renewed investor interest in the global AI narrative and a broadly supportive 1Q26 results season. The outperformance has been most pronounced amongst the semiconductor-exposed names - AEM, UMS, Frencken. The positive uplift is also evident across most stocks under coverage, which have handily outperformed the market – even without direct semiconductor exposure.
- - Read this at SGinvestors.io -
Semiconductor names are buy-on-pullback
- - Read this at SGinvestors.io -
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Odds of near-term profit taking on stellar year-to-date gains have risen, as reflected in waning m-o-m price momentum and rising investor selectivity in May. That said, our high conviction on this sub-sector still holds, underpinned by intact drivers (UMS – strong order momentum from key customers, AEM – multiple tailwinds from CPU, fabless AI, memory, OSAT) that should materialise over the year.
Venture as a recovery and nascent AI play.
Venture Corp
- 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/.
Kee Yan YEO CMT DBS Group Research | Fang Boon FOO DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-06-04
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