0703 GMT - Singapore's technology stocks have room to rerate higher, say DBS Group Research analysts in a note. The technology sector appears supported by strong artificial-intelligence-driven demand and resilient earnings growth. Stock valuations are still at discounts to U.S. peers despite trading near cyclical highs, they add, suggesting that growth hasn't been fully priced in. A robust AI outlook, seen through developments such as U.S. tech giant Nvidia targeting $1 trillion in revenue by 2027, is likely to reinforce the Singapore tech sector's upbeat prospects. Semiconductor-solutions providers such as AEM Holdings and UMS Integration are DBS's preferred picks, while digital brokerage iFAST's recurring revenue model offers stability alongside cyclical semiconductor-related stocks.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 03:03 ET (07:03 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments