Singapore Stock Pick 3Q 2026
Subscribe to our newsletter for
investing in stocks
Financial
DBS (SGX:D05)
ACCUMTP: S$67.50
Dvd. Yield: 4.9%
- Upgraded 1Q26 guidance, with FY26 total income expected to remain around FY25 levels.
- Only SG bank in 1Q26 with QoQ NIM stabilisation and double-digit fee income growth.
- Maintains the highest dividend payout ratio among Singapore's three major banks.
OCBC (SGX:O39 )
NEUTRALTP: S$24.00
Dvd. Yield: 3.3%
- Highest fee income growth among the Singapore banks.
- Excess capital to be spent on HSBC Indonesia acquisition to supplement WM growth.
- Possibility of FY26e special dividend if share buyback is not completed.
Property/REIT
Stoneweg Trust (EUR) (SGX:SET)
BUYTP: €1.89
Dvd. Yield: 8.6%
- 87% of interest exposure hedged till end-2027; minimal impact from ECB rate hikes
- Portfolio valuations rose 1.1% in 1H26 1H26, with additional upside potential from its stake in AiOnX
- Mid-single-digit FY26E rental reversion expected, supported by a portfolio that remains ~7% under-rented
City Developments (SGX:C09)
BUYTP: S$11.32
Dvd. Yield: 2.4%
- A leading global real estate company listed on the Singapore Exchange
- Operates across 29 countries and has more than 60 years of industry experience
Conglomerate
Wee Hur Hldgs.(SGX:E3B)
BUYTP: S$1.08
Dvd. Yield: 0.8%
- Record construction order book of S$673 million
- Worker dormitory capacity increased by 67% by end-2025
- Potential lease extension for its 16,000-bed worker dormitory
Keppel Ltd (SGX:BN4)
BUY
TP: S$13.80
Dvd. Yield: 3.9%
- Targets S$2 - 3 billion in divestments in 2026
- Core recurring earnings continue to build across power, fund management and maintenance businesses
Frencken (SGX:E28)
ACCUMTP: S$3.30
Dvd. Yield: 0.9%
- Higher memory spending next 12 months drives equipment demand from Frencken’s customers + Expected ramp in automotive in 2027e.
ST Engineering (SGX:S63)
BUYTP: S$13.00
Dvd. Yield: 2.0%
- A global technology, defence and engineering group with 59 years of experience
- Provides innovative solutions across the aerospace, smart city, digital and security sectors
Geo Energy (SGX:RE4)
BUY
TP: S$0.75
Dvd. Yield: 0.5%
- A Singapore-headquartered coal producer with an 18-year operating track record.
- Primarily operates through its thermal coal mining assets in Indonesia.
Sembcorp Ind (SGX: U96)
ACCUMTP: S$7.00
Dvd. Yield: 4.3%
- A leading energy and urban development company with a 28-year operating history.
- Provides essential energy, utilities and water solutions across multiple markets globally.
To view the recording of our Singapore Outlook 3Q2025 webinar, please visit:
Youtube@PhillipCapital
To view the recording of our Singapore Outlook 3Q2025 webinar, please visit:
Youtube@PhillipCapital
FAQ
How to start investing in stocks on POEMS platform?Embark your stock trading journey by opening an Account with POEMS. Explore the step-by-step guides and video tutorials on navigating POEMS 2.0, POEMS Mobile 3.0 and POEMS Pro here.
What does a "BUY", "ACCUMULATE" or "Sell" recommendation mean?“BUY”: A “BUY” recommendation indicates that the analyst believes the stock is likely to increase in value over time and that investors should consider purchasing it. This recommendation often suggests the stock is undervalued or expected to perform well in the near future.
“ACCUMULATE”: This recommendation implies that the stock is anticipated to rise in value but may already have experienced some price appreciation. Analysts recommend gradually buying shares over time, particularly if the stock is trading at a higher price.
“SELL”: A “SELL” recommendation signals that the analyst expects the stock’s value to decrease or considers it overvalued. Investors are advised to sell to avoid potential losses.
How often are stock recommendations updated?The stock recommendations are updated on a quarterly basis.
What is the difference between short-term and long-term investing?Key Differences Between Short-Term and Long-Term Investing:
Aspect | Short-Term Investing | Long-Term Investing |
Time Horizon | A few months to a couple of years | Several years to decades |
Objective | Capitalisze on short-term market movements | Build wealth over time with compound growth |
Strategy | Active trading, speculation, reacting to market events | Buy and hold, growth, value, or dividend investing |
Risk | Higher risk due to market volatility and unpredictability | Lower risk over time, though still subject to market fluctuations |
Returns | Potential for quick, but often volatile returns | Steady, compounding returns over a longer period |
Liquidity Needs | High liquidity, able to buy/sell quickly | Lower liquidity, funds are typically tied up for longer periods |
Market Sensitivity | Highly sensitive to short-term news, events, and trends | Less sensitive to short-term fluctuations; focused on long-term fundamentals |
There is no fixed formula but a combination of future earnings growth, valuations, balance sheet strength and attractiveness of the business model.
Should I follow stock recommendations blindly, or should I do my own research?Analyst stock recommendations are based on their individual views, assumptions, and forecasts, which may differ from actual outcomes, potentially impacting share prices. The types of stocks recommended may not align with your personal financial objectives. It is important to understand the investment rationale and financial assumptions behind any analyst recommendation before making a decision.
What factors should I consider when choosing stocks to invest in?When choosing stocks to invest in, it’s important to evaluate the company’s fundamentals, such as earnings growth, profit margins, debt levels, and cash flow, as well as its valuation using metrics like P/E ratio and P/B ratio. Consider the industry outlook, including trends, competition, and regulatory risks, and assess the company’s management and governance.
What is diversification, and why is it important in stock investing?Diversification is the strategy of spreading investments across different stocks, sectors, or asset classes to reduce risk. By holding a variety of investments, you minimise the impact of any single asset’s poor performance, as losses in one area can be offset by gains in another. This helps smooth out volatility, improve the consistency of returns over time, and protect against unforeseen risks, such as market downturns or company-specific issues.
How can I track my stock investments in POEMS?There are two methods to find your portfolio. You can either head to the ‘Me’ Tab > Select ‘Portfolio’ or head to the ‘Trade’ Tab > Select ‘Positions’ > Select ‘Holdings’.
What is a stock's "target price" and how should I interpret it?A stock’s target price is an analyst’s estimated price level for the stock over the next 12 months, based on their evaluation of the company’s fundamentals and market conditions. It reflects the expected future value of the stock, with a price below the target suggesting potential for growth (undervalued) and a price above it indicating the stock may be overvalued
What is a stock's "dividend yield" and how should I interpret it?A stock’s dividend yield is the annual dividend payment divided by the stock’s current price, expressed as a percentage. It indicates how much income an investor can expect to earn from dividends relative to the stock price.
2 STEPS Trading
2 STEPS to Start Trading
Open an Account
Instantly with Myinfo
Fund your Account
with in 15 minutes
Open an Account
Trading & Invest Account
Copyright © 2023. Brought to you by Phillip Securities Pte Ltd (A member of PhillipCapital) Co. Reg. No. 197501035Z. All Rights Reserved.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Disclaimer | Privacy & Security | Risk Disclosure | Terms & Conditions | Guide & Cautionary Note | Best Execution Policy | Security Advisory
Facebook Twitter Youtube Instagram Weixin Linkedin