To The Moon

As the broader market and U.S. stocks hit new highs, have you noticed that some Singapore stocks are quietly reaching new highs too?

When we talk about strong performers, the three major banks probably come to mind. But in fact, aside from DBS, the other two haven’t broken their historical highs yet.

Surprisingly, beyond these big names, some Singapore companies have achieved over 80% YTD gains!

Let’s take a look at the SG stocks that hit new highs recently!

1. $DBS(D05.SI)$ reached a new high of SGD 46.36 last Friday, with a YTD gain of 8.71%.

DBS posted a 2% YoY decline in net profit for 1Q25. However, total fee income surged to a record high of S$1.5 billion (+18% YoY), driven by strong growth in wealth management and market trading performance.

NII decline by 1.3% QoQ, with NIM narrowing to 2.12% from 2.15% in 4Q24. However, on a year-on-year (YoY) basis, NII was still up 5%, supported by loan growth. Loans expand by 2% QoQ, mainly driven by non-trade loans to large corporates. On a year-on-year (YoY) basis, loan growth came in at 3%.

2. $Keppel(BN4.SI)$ hit a new high of SGD 7.95 today, bringing its YTD performance to 19.66%.

Net profit rose more than 25 per cent for the first quarter ended March, driven by improvements in its real estate and asset management arms.

These profits, compared to Q1 in 2024, exclude legacy offshore and marine assets such as shares of Seatrium and legacy rigs remaining from the company’s divestment of its offshore and marine business in 2024. Including these assets, profit would more than double due to reduced losses from the legacy portfolio.

3. $SIA(C6L.SI)$ reached a new high of SGD 7.39 today, with a YTD gain of 14.29%.

In its annual report released on June 25, the airline’s earnings reached a record high of $2.8 billion. Record profit was boosted by a one-off non-cash accounting gain of $1.1 billion from the Air India-Vistara merger.

Group revenue also climbed 2.8 per cent from the year before to hit a record $19.54 billion, driven by resilient demand for air travel and cargo uplift.

Despite carrying more passengers, passenger yields – the amount earned per passenger for each kilometre flown – dipped 5.5 per cent to 10.3 cents per revenue passenger-kilometre.

4. $Singtel(Z74.SI)$ hit a new high of SGD 4.11 last Friday, achieving a YTD return of 30.84%.

In May earnings, Singtel posted a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3 billion for the previous corresponding period.

The turnaround came on a net exceptional gain of S$1.5 billion, as compared to a net exceptional loss recorded for the year-ago period.

Singtel announced that the group has authorised its first share buyback programme of up to S$2 billion.

5. $ST Engineering(S63.SI)$ surged to a new high of SGD 8.40 last Wednesday, with a stunning YTD gain of 80.97%.

In March, S63 unveiled new five-year goals, including plans to increase dividend payouts starting in 2025—and potentially beyond, provided revenue and profit continue to grow.

For FY2024, ST Engineering posted a record revenue of $11.28 billion. Looking ahead, the company plans to accelerate net profit growth at a pace faster than revenue, supported by increased operational scale and improved debt management that reduces interest costs.

The company aims to hit $17 billion in revenue by 2029, with its defence and public security segment expected to be the largest contributor. Growth is also anticipated in its commercial aerospace division.

6. $SGX(S68.SI)$ recorded a new high of SGD 15.88 last Thursday, pushing its YTD performance to 24.59%.

Analysts have expressed optimism about Singapore Exchange (SGX), citing the recent uptick in trading activity and market volatility.

In July, CGS International (CGSI) analyst Tay Wee Kuang described SGX as a “defensive investment that gains from heightened volatility.”

“With various government initiatives aimed at boosting trading activity, coupled with ongoing global economic uncertainty, we believe the projected annual revenue growth for FY2025 to FY2027 is achievable,” Tay wrote. He raised his rating on SGX from “hold” to “add” and revised his target price upward from S$13.20 to S$18.30.

7. $SEMBCORP INDUSTRIES LTD(U96.SI)$ climbed to a new high of SGD 7.63 today, with a YTD gain of 41.32%.

OCBC Investment Research maintained its “buy” rating on Sembcorp Industries and raised its fair value to $8.45 from $7.40.

OCBC also highlighted SCI’s recent move to increase its stake in Senoko Energy from 30% to 50% as a step that strengthens its role in ensuring Singapore’s energy security. Senoko supplies around 20% of the nation’s electricity with a capacity of 2,644 MW.

Check your portfolio—any other SG stocks hitting new highs or 52-week highs?

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