We hope that Team DBS helped you over the last year.
Please recognise our efforts by voting for our Research teams in the Asiamoney 2021 poll.

	Asiamoney 2019 Awards #1 Best Consumer Discretionary/Staples Research
	Alfie Yeo Grocery Retail, F&B Foodservice Animal protein
	William Simadiputra Plantations
	Yong Woon Bing Plantations

		Recommended BUY for Sheng Siong over the COVID-19 Circuit Breaker. Stock gained 21% between mid-June to mid-August 2020 Reiterated BUY on GENS at the bottom in March-20 when other brokers turned neutral/negative, stock has returned 73% since Reiterated BUY for Delfi over the COVID-19 Circuit Breaker. Stock gained 60% since mid-November 2020 We have been positive on Wilmar since 2018 and advice investors to Buy at COVID-19 dip back in March 20. Stock gained 15% in 2020, and 50% in March-Dec 20

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