๐๐๐SGX and Keppel don't operate in the same universe. $SGX(S68.SI)$
SGX: Record Results, A Pullback and Quiet Potential
SGX delivered record revenue, stronger derivatives volumes and steady profit growth. It is the kind of earnings that reflect resilience, discipline and a business model built on real recurring demand.
Yet SGX stock dipped.
That is SGX's personality : understated, steady, almost allergic to hype. Even when it posts its strongest top line ever, the markets test your conviction.
Does SGX still have room to run?
If you believe in stable cash flow, monopoly like moats and dividend compounding, SGX's long runway is still intact. It does not sprint, it compounds quietly. Dips like this often becomes entry points for those who understands its long game.
Even though SGX is down 1.2% last week, it is up 3% year todate and in 2025, SGX has risen by 28%.
SGX also pays steady dividends. The current dividend yield is 2.6%.
Analysts have reconfirmed their price target of SGX at SGD 18.34 with a Buy rating.
Keppel: A Reinvention That Is Finally Showing Up in the Numbers
Keppel's earnings told a different story. It is one of transformation and ambition. Improving margins, stronger recurring income and early traction in digital infrastructure and asset light businesses. Add the momentum of a 12 year high and you can feel the market is excited about Keppel.
But with that comes the chase risk. When a stock runs this hard, this fast, you have to ask whether the Piyush Gupta effect and the AI infrastructure narrative are already priced in.
Does Keppel still have room to run?
If its digital structure, subsea cables and recurring income engine continue to scale, the re rating isn't done. But it is no longer just a Buy and Forget stock. It is a Prove It Every Quarter story.
Performance wise, Keppel is up 6% in the past week and 12.2% year todate. In 2025, Keppel has skyrocketed 72%.
Keppel has a dividend yield of 2.9%. It plans to pay 0.47 cents per share, made up of 0.19 cents final cash dividend and a special dividend of 0.13 cents for FY2025.
UOB Kay Hian has increased its price target to SGD 13.23 from SGD 11.70, describing the results as strong and special dividend policy as a sign of more payouts to follow once non core assets are cleared off.
Two Sectors, Two Journeys - Both Equally Strong
It is not fair to compare SGX to Keppel. It is not apples to apples comparison. SGX is a financial exchange. Keppel is an infrastructure to digital era hybrid.
But both delivered earnings that show strength, resilience and ambition.
SGX proved its stability. Keppel proved its momentum.
Together they make this earnings season feel like a reminder that Singapore's corporate landscape is evolving quietly, confidently and with conviction.
For New Investors With Limited Capital : The Best of Both Worlds
Not everyone starts with big capital. For beginners who want exposure to both SGX and Keppel without stretching their wallet, there is a simple elegant solution:
$STI ETF(ES3.SI)$
Both ETFs hold SGX and Keppel as well as the 3 Big Singapore banks plus other Singapore bluechip stocks in one basket.
Here is the best part. You can start with just 1 share. No minimum lots. No big upfront commitment. No pressure.
With just a single share of ES3.SI or G3B.SI, you instantly own a slice of Singapore's strongest companies - SGX, Keppel, the banks, the Reits, the blue chip backbone of our economy.
It is diversification. It is affordability. It is stability. It is the easiest way to get the best of both worlds: SGX's quiet compounding and Keppel's reinvention story, all wrapped up inside a disciplined low cost ETF.
The Essence of Singapore Inc.
As a Singaporean, watching SGX and Keppel grow, adapt and lead, makes me proud. They embody what Singapore Inc. really stands for:
Discipline without noise. Ambition without arrogance. Execution without excuses. A relentless commitment to excellence, resilience, reinvention and results.
SGX and Keppel are not just stocks. They are a reflection of who we are - steady, strategic and always building for the long term.
Concluding Thoughts
Warren Buffett famously said :
Buy Wonderful Companies at Fair Prices, Not Fair Companies at Wonderful Prices.
SGX and Keppel are not hype machines. They are wonderful companies built on real earnings, real assets and real discipline. The kind you accumulate patiently, hold through cycles and let compounding do the heavy lifting.
That is the sprit of Singapore Inc. - Quiet strength, steady growth and the courage to think in decades, not days.
Singapore, My Home, My Country, I love you so. ๐๐๐๐ธ๐ฌ๐ธ๐ฌ๐ธ๐ฌ๐๐๐๐ฐ๐ฐ๐ฐ
@Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger
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