4 Stocks That Might Surprise You in the Next Market Rally

Core Insights - The article discusses potential investment opportunities in stocks that may emerge as dark horses during the next market upswing, highlighting companies that have been recovering under the radar [1] Group 1: SATS Ltd (SGX: S58) - SATS has shown signs of recovery with a year-on-year revenue increase of 8.0% to S$1.65 billion and an operating profit rise of 18.8% to S$151.3 million in its third quarter of FY2026 [3] - The company's EBITDA also improved by 12.8% to S$297.7 million, indicating a positive trend in profitability [3] - SATS has reduced its total debt to S$4.20 billion as of December 31, 2025, from S$4.24 billion in March 2025, resulting in a lower gross debt to equity ratio of 1.43 times [4] Group 2: CapitaLand Integrated Commercial Trust (SGX: C38U) - CICT, Singapore's largest listed commercial REIT, reported a gross revenue increase of 2.1% year-on-year to S$1.6 billion and a net property income rise of 3.1% to S$1.2 billion for FY2025 [5] - The distribution per unit (DPU) increased by 6.4% year-on-year to S$0.1158, marking five consecutive years of DPU growth [6] - CICT maintains a trailing yield of 4.8% and is actively managing its assets to enhance cash flow and invest in high-potential projects [7] Group 3: United Overseas Bank Ltd (SGX: U11) - UOB's net profit for FY2025 decreased by 23% to S$4.7 billion, primarily due to S$2.0 billion in pre-emptive allowances for macroeconomic uncertainties [8] - Despite the profit decline, gross loans increased by 4%, and net fee income reached a record S$2.6 billion, driven by strong wealth management performance [8] - UOB's asset quality remains solid with a non-performing loan (NPL) ratio of 1.5% and a common equity tier 1 (CET1) ratio of 15.1% [9] Group 4: Singapore Telecommunications Limited (SGX: Z74) - Singtel's interim dividend for FY2026 rose by 17% year-on-year to S$0.082 per share, reflecting a recovery in its income potential [10] - The company's underlying net profit for the third quarter of FY2026 increased by 9.5% year-on-year to S$744 million, supported by strong performances from regional associates [11] - Singtel shares have appreciated by approximately 7.42% year-to-date and 45.56% over the past year, with a trailing yield of 3.46% [11][12]