The Singapore Exchange is home to nearly 100 stocks with market capitalisations of more than S$1 billion. These “billionaire stocks” are from a range of sectors and geographical concentrations, giving investors a wide range of investment opportunities. Contrary to common perception that larger capitalised stocks can only deliver modest growth, as compared to smaller caps, the top performing billionaire stocks on SGX have delivered enviable returns in 2018 year-to-date, despite market corrections and overall uncertainty and volatility. In fact, the top 10 best-performing billionaire stocks averaged a total return of 29% for 2018 year-to-date. These stocks are Sri Trang (48.2%), Best World (44.0%), Top Glove (42.9%), Japfa (41.7%), M1 (26.7%), Keppel T&T (21.2%), Sheng Siong (18.4%),

KGI recently released its investment strategy for the Singapore market in the next one year. Over the next 12 months, KGI recommends investors to sell into strength and start rebuilding into a defensive portfolio. Investors Takeaway: 3 Blue Chips To Make Your Portfolio Go On The Defensive Singapore Telecommunications Singtel has a well-diversified portfolio with 50 percent of pre-tax profits coming from regional associates. Its indicative dividend yield also looks attractive at 5.5 percent. Furthermore, consensus expects earnings to rebound by FY20 driven by potential earnings recovery of its Indian associate Bharti Airtel. Singtel has been showing significant recovery since hitting its low of $3.02. As such, KGI continues to recommend Singtel to be a part of the defensive portfolio.