Singapore Stock Market 2025 H2 Outlook - DBS Research 2025-06-05: Brace For Tariff Aftershocks

Singapore Stock Market 2025 H2 Outlook: Brace For Tariff Aftershocks

Published:
Singapore Market Focus - DBS Group Research | SGinvestors.io
  • STI 2025 year-end target unchanged at 3,855.
  • 4 strategies to navigate a more volatile 2025 H2.
  • 6 small-mid cap stocks as potential EQDP beneficiaries.

A more challenging second half.

  • DBS economists lowered Singapore’s 2025 GDP forecast to 2% (vs. previous 2.8%), which is at the upper end of the official 0-2% forecast by the Ministry of Trade and Industry (MTI).
    • - Read this at SGinvestors.io -
    • Expect a more challenging economic outlook in 2H25, weighed by more direct and indirect impacts from tariffs, including higher trade friction and weaker business sentiment.

Staying invested and active amid volatility.

  • The swift rebound from the April lows – following the 90-day tariff pause, first with the rest of the world (8 Apr) and subsequently with China (12 May) – is a clear reminder for investors to stay invested amid market volatility. Investors who have stuck through the barrage of tariff-induced market volatility are still in the green, with a year-to-date total return of +6% for the STI (as of 29 May). Better still, those who are nimble and active enough to capitalise on the 9 Apr trough would have been rewarded with returns of more than 15%.
  • - Read this at SGinvestors.io -
  • as we are still not out of the woods, in view of fluid tariff developments and their impact on sentiment/earnings.

4 strategies to navigate a more volatile 2H25.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



Kee Yan YEO DBS Group Research | Fang Boon FOO DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-06-05



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