Singapore For The Win

In this week’s episode of ASEAN Speaks, our host Thilan breaks down the STI’s record-breaking 11-day rally—the longest in 20 years—and explores what could drive the next leg higher as MAS prepares to announce the first recipients of the EQDP fund. Hussaini initiates Sheng Siong on a BUY despite the 30% rally the stock has seen this year, and he also initiates on Thai Beverage, explaining why he is more neutral towards the stock. While on the Internet side, Hussain gives his preview of Grab maintaining his BUY on the stock. Jarick unveils his upgraded target for Frencken, which he now calls the top pick in Singapore tech. He also reiterates a BUY on CSE Global, highlighting strong order wins, margin expansion, and a compelling dividend story. Krishna initiates on Keppel DC REIT, riding the data centre wave. He breaks down what’s behind his bullish call and how global AI policy risks might affect the outlook. Edited by Lucia, Xuan Hao, Dion, Bruce