🏦 Financial Services: Dragged Down by DBS
The financial sector, which occupies the largest area on the heatmap, was the primary detractor this week.
DBS (-3.8%): This significant drop followed the bank's February 9th announcement of a 10% fall in Q4 net profit to $2.26 billion. The weak earnings were attributed to narrowing Net Interest Margins (NIM) and a seasonal weakness. Despite raising its final dividend to 81 cents, the stock faced a downgrade to "Hold" from some analysts.
OCBC (-0.6%) & UOB (-0.1%): Both banks showed more resilience than DBS earlier in the week. However, on the final trading day (Friday, Feb 13), they faced a late sell-off, tracking regional declines and post-Budget 2026 sentiment.
SGX (+3.2%): In contrast to the lenders, the Singapore Exchange gained as the government announced measures in Budget 2026 to boost local equities and new listings.
🏗️ Industrials: The Week's Outperformers
The industrial sector provided the strongest positive momentum, highlighted by deep green blocks on the heatmap.
Keppel (+8.3%): Keppel was a top performer following a 27.2% surge in second-half net profit reported on February 5. Analysts raised target prices toward $13.80, citing strong asset management fee growth.
Yangzijiang Shipbuilding (+8.5%): The counter saw significant gains, recovering from earlier volatility. Analysts noted the company's strong order book and attractive valuation (trading at a discount to its fair value) as key drivers.
SIA (+3.9%): Singapore Airlines continued its bullish trend. Investors are responding to its move back into profitability and a multi-year maintenance, repair, and overhaul (MRO) upcycle.
📱 Communication Services & Technology
Singtel (+4.0%): Singtel hit multi-year highs after reporting a 43.5% jump in Q3 net profit to $1.89 billion. This was largely driven by a $1.15 billion exceptional gain from trimming its stake in Bharti Airtel. Its strategic acquisition of a stake in STT Global Data Centres with KKR also boosted sentiment.
Frencken (+12.0%) & CSE Global (+10.7%): These mid-cap tech players saw double-digit gains, likely benefiting from the "sustained AI boom" noted by market analysts during the week.
🏠 Real Estate & REITs: Mixed Performance
Hongkong Land (+4.2%): Despite a sharp 3.4% drop on Friday, the counter maintained a positive weekly return of 4.2% according to the heatmap.
CapitaLand Ascendas REIT (-3.6%) & ESR REIT (-8.2%): The industrial and office REITs continued to be sold down after ex dividends and potential interest rate outlooks.
What’s your move for next week? Are you buying the DBS dip or riding the Singtel wave? Let us know below! 👇
#SGX #SingaporeStocks #Investing #DBS #Singtel #Keppel
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