Brokers' take

Singapore Strategy DBS Group Research, June 13

We expect support at 2,630 points for the Straits Times Index (STI) if "Brexit" happens, or a rebound to 2,900 points on a relief rally if UK chooses to stay. Our year-end target for the STI is 3,000 points, pegged to 12.1 times 2017 forecast earnings.

Four themes to ride the cycle.

1. Catch the travel bug. Bottoming signals are emerging for Singapore tourism. Top picks are CDL Hospitality Trust, OUE Hospitality Trust and Singapore Airlines.

2. Growth at reasonable pricing. Small caps are the brighter spots. Our preferred picks are small caps in niche segments - mm2 Asia, Cityneon Holdings, Jumbo Group and…