UAE SAYS AT LEAST 6 MISSILES HAVE BEEN FIRED SO FAR

DBS Group is viewed as better positioned than peers to navigate global uncertainties, with Macquarie citing its strong balance sheet and credit buffers; the bank expects 2026 earnings to remain broadly flat and sees supply chain impacts from the Middle East conflict as manageable, while anticipating medium-term lending opportunities in infrastructure and renewables, prompting Macquarie to upgrade the stock to neutral and raise its target price to S$52.38.

Samsung Electronics shares may face further underperformance against SK Hynix as a potential workers’ strike raises concerns over earnings. While Samsung rose as much as 4.8%, SK Hynix surged 12%, widening their performance gap. Investors remain positive on AI-driven memory demand but are wary of labor risks after Samsung’s union threatened an 18-day strike starting May 21. Citigroup cut its price target, citing potential profit impact from strike-related costs.