Mkoh
19:12
STI recently hit an all-time high near 5,768 (closing) / 5,774 (intraday) in mid-August 2026, now hovering ~5,720–5,736. Banks (DBS, OCBC, UOB; ~57% weight) drove much of the ~24% YTD total return amid strong earnings and wealth inflows. Other majors (e.g., ST Engineering, SGX) also contributed positively.

Further upside is possible if earnings growth (~10–12% expected) continues, rates ease, and Singapore’s economy remains resilient (AI, infrastructure, services). Consensus targets and historical patterns after ATHs support moderate gains, though valuations have tightened and profit-taking occurs.
Market breadth remains narrow—many non-bank STI stocks lag. Mid-caps (e.g., iEdge Next 50) have underperformed STI YTD (~5–8% vs. 24%), despite rising liquidity, institutional inflows, and SGX revitalization efforts. Selective quality mid-caps with earnings visibility could broaden participation over time, but banks will likely dominate near-term moves

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment