Brokers' take

Singapore Strategy Deutsche Bank, June 9

While a broad-based recovery in the economy is still gradual, asset reflation and mergers and acquisitions will remain the two key themes for Singapore.

We are confident on our positive view of the real estate sector, and we see a synchronised recovery across all sub-sectors.

We add City Developments to our top picks, replacing SATS, so that our top picks are now CapitaLand, City Developments, DBS, Sembcorp Marine and Singtel.

Singapore R…