Singapore Market Strategy - Maybank Research 2026-06-09: 10 World Cup Stock Champions

• The World Cup could create a broad consumption uplift across multiple sectors in Singapore, including travel, hospitality, F&B, media, e-commerce and banks.

• In the years the top tournament of the beautiful game is played, the STI has outperformed US and global equities. If the champion emerges from Europe, the outperformance is strongest.

STI outperforms global equities in World Cup years

• - Read this at SGinvestors.io -

• Amongst sub-sectors, the REITs and Financials have outperformed the STI the most. The REITs have delivered an average +6% annual re rating, while Financials returned +5%. Consumer Services delivered the next best outperformance. Conversely, Tech Manufacturing and Materials have underperformed, delivering -12% and -10% average annual returns respectively.

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Our AI model predicts Spain to win

• Prediction market Kalshi currently shows an almost equal probability of Spain and France winning (~16%). Both belong to UEFA, as are the next two highest probabilities – Portugal and England.

• MIBG Research’s own AI factor model predicts a Spain win. Our proprietary model scores each participating country on GDP per capita, economic growth, inflation, climate similarity to venues and FIFA world rankings. AI assigns each factor weight to reflect the strongest correlations to on-pitch outcomes. The country with the strongest signals advances to the top of the leaderboard.

World Cup Stock Champions

• Read more at SGinvestors.io.

Thilan Wickramasinghe Maybank Research | https://www.maybanktrade.com.sg/ 2026-06-09

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