- We remain bullish on the Singapore market in 2026 given positive earnings growth prospects as well as funds flow momentum. We forecast a 2026 year-end target of 5,000 for the STI, implying an 8% upside from current levels.
Bullish in 1H26.
- We retain our positive outlook on the Singapore market due to continued tailwinds from the Monetary Authority of Singapore’s (MAS) EQDP as well as a return to earnings growth for the stocks under our coverage. In addition, given the prevalence of large-cap blue-chip defensive stocks with strong cash flow generation and relatively high dividend yields, the Singapore market will continue to attract fund flows, in our view.
- - Read this at SGinvestors.io -
“Safer than houses”.
- With an over 27% total return in 2025, the STI and the MSCI Singapore indices did well compared with the majority of their peers in the Asia-Pacific region. On a relative basis, large caps in Singapore underperformed small caps with positive sentiment in the latter segment being a direct result of the EQDP, in our view. This positive sentiment was reflected in Singapore’s IPOs which raised over S$2.5b in 2025, significantly higher than in 2024.
- - Read this at SGinvestors.io -
A resilient Singapore economy.
- Read more at SGinvestors.io.
