🚀 JPMorgan’s Bold Upgrade: STI to 6,000 — What This Means for Singapore Investors JPMorgan just issued one of its most bullish calls on Singapore’s financial markets this decade — upgrading DBS, OCBC, UOB and Singapore Exchange (SGX), while lifting its Straits Times Index (STI) target to 6,000 (previously 5,000). This signals a major shift in institutional sentiment. 📈🔥 Let’s unpack the real drivers behind the upgrade — and what it could mean for your year-end portfolio decisions. ⸻ 🔍 1. Why JPMorgan Turned Ultra Bullish 💵 Higher-for-Longer Rates Remain a Tailwind Even as global central banks begin cutting, Asia’s pace remains slower — supporting: • 📊 Net interest margins • 💼 Fee income recovery • 🏦 Strong deposit franchise advantages Singapore banks benefit more than regional peers due to

Will readjust my portfolio end Dec'2025. Will focus on Trump Genius Act. Will DCA those Crypto & its Treasury related stocks and Energy related stocks. We need these to feed the AI boom. I am confident there is no AI bubble as yet.[Smile]  [Call]  [USD]  

$DBS(D05.SI)$ $OCBC Bank(O39.SI)$ $UOB(U11.SI)$ $Straits Times Index(STI.SI)$ Singapore's financial fortress is firing on all cylinders after JPMorgan's blockbuster upgrades lit the fuse, sending ripples through the Straits Times Index and spotlighting DBS, OCBC, UOB, and SGX as prime plays in a resilient economy. With the STI charging toward 4,500 amid regional rebound vibes and global easing bets hitting 87% for December, JPM's fresh forecast cranks the dial to 6,000 points over the next 12 months – a 33% leap from today's 4,500 perch, up from their prior 5,000 call. DBS steals the show with a $70 target, flaun

🌟🌟🌟The recent upgrade by JPMorgan of all 3 major Singapore banks and SGX is a powerful signal of confidence in Singapore's financial sector.  It reaffirms my steadfast commitment to these core national champions. Key Drivers Behind JPMorgan's Upgrade 1. Favourable Macroeconomic and Policy Environment: Supportive Government Policies:  JPMorgan analysts cited government initiatives designed to stimulate economic activity and boost the domestic market.   This included handouts, rebates , infrastructure investments and efforts to improve market liquidity and encourage new listings.  The positive budget outlook was also a key factor. Attractive Valuations and Dividend Yields : Analysts noted that Singapore equities were trading at attractive valuations compared to their

🌟🌟🌟It is so amazing to know that a major global financial institution like $JPMorgan Chase(JPM)$ express strong confidence in the stability and growth prospects of Singapore's key financial players including the 3 major banks and SGX. JPMorgan's upgrades are a powerful affirmation of the conviction I held in these 4 stocks all along. Can the STI Index reach 6000? I believe that it is possible due to the expected increase in liquidity driven by the anticipated rate cuts by the Feds, which could push more funds into Singapore. Seeing Singapore's banks and SGX grow and thrive fills me with a special pride , knowing that I have been part of their journey as an investor. @Tiger_SG

From my perspective, JPMorgan’s $JPMorgan Chase(JPM)$ upgrades confirm that Singapore’s financial sector remains healthy, and the STI still has room to climb. DBS $DBS Group Holdings(D05.SI)$ continues to lead with strong dividends and capital strength, OCBC $ocbc bank(O39.SI)$ looks increasingly attractive as a balanced GARP choice, while UOB $UOB(U11.SI)$ may stay volatile but remains reasonable for patient holders. SGX

JPMorgan has lifted its target price for DBS to S$70, citing the bank’s strong balance sheet, resilient earnings, and ability to sustain solid dividends ahead. With DBS trading around the mid-S$50s, the new target implies close to 30% upside over the next year. Despite softer rate expectations, DBS continues to deliver stable profits, healthy fee income, and attractive dividend yields. Analysts say its strong deposit base and disciplined capital management position the bank well going into 2026. Bottom line: DBS remains one of the most attractive income-plus-growth plays among Singapore banks, though valuations are richer — meaning investors may prefer gradual accumulation or holding for long-term dividends.

(1) As 2025 comes to a close, are you ready to adjust your positions?: I am open to it though am not in an tearing hurry for the same. I have plans to exit some dud counters but I will do so as these counters either breakeven or give a decent return. (2) Will you continue holding the three major banks?: no doubt I will. In fact, I intend to add more of UOB & possibly OCBC too. (3) Is SGX a good choice for you?: Indeed, yes.  (4) Do you expect the STI to reach 6,000 points?: Yes, possibly by end 2026.

The major composite in SGX comes from the top 3 banks followed by Reits & other blue chips. Once these banks do well, SGX will likely to do well too. But to reach 6000 in 2026 means 1000 upside within a year, indeed a little too optimistic.  I predict it will be around 5800 instead.  Well, look at over the years, do we have many 500 jump?  The money will go to more exciting & fast pace mkt. And we know local mkt still take time to revamp. 

jpm analyst always accurate one. say no ai bubble then bo ai bubble

Higher price targets for banks and SGX will attract more interest looking for strong stocks. Can't wait to buy on dips but recent rally has sent prices rather high. Nice green for current portfolio anyway.

1. Yes I am ready to adjust positions in banks to increase 2. Yes banks are a key economic stock to hold 3. Yes $SGX(S68.SI)$ is a key bank stock 4. Yea the Singapore stock exchange will reach 6000 points

So far only bought dbs, ocbc and sgx. Will continue to add more for dividends.

sgx is a good bet in view of Singapore govt effort to grow the exchange

yes always adjust and will still hold bank

thanks for the sharing