STI Rises for 12-Days! Earnings Season Approaches, New Highs or a Pullback Looms?
$Straits Times Index(STI.SI)$ rose for the 12th straight trading day on Tuesday, marking its longest winning streak in history. The rally has been driven by gains in banking, telecommunications, and industrial stocks.
Singapore’s market has become a relative safe haven amid rising global risks.
With ample liquidity, a strong domestic currency, and low interest rates, dividend-yielding stocks are increasingly attractive. DBS Bank analysts noted, “Low interest rates and a lack of alternative income-generating assets may continue to support activity in the Singapore market.”
Some analysts attribute the STI's strong performance to inflows of safe-haven capital. One fund management company even launched the first-ever unit trust specifically designed to track the STI.
During this period, institutional investors have been net buyers in the Singapore market, with net inflows exceeding SGD 400 million.
Bank & Temasek picked blue-chip stocks performed strongly.
In addition to the bank stocks that make up more than half of the STI's weight, several Temasek-linked blue-chip stocks have also performed strongly. $ST Engineering(S63.SI)$ has surged 80% year-to-date, $SEMBCORP INDUSTRIES LTD(U96.SI)$ Industries is up nearly 40%, and $Singtel(Z74.SI)$ has climbed about 35%.
Sembcorp Industries, originally a traditional energy and maritime company, has seen a significant share price increase over the past five years after spinning off its marine business and pivoting toward renewable energy. This transformation has been supported by major shareholder Temasek. These Singapore-based firms form a critical part of Temasek’s portfolio, and the investment company frequently engages with them on enhancing shareholder value and long-term strategy.
In the coming weeks, many Singapore-listed companies will report their H1 2025 earnings. Whether they can exceed market expectations will have a direct impact on the STI’s short-term outlook.
How do you view $Straits Times Index(STI.SI)$’s straight rises and new all time highs?
Which outstanding stocks are you holding?
Are you bullish on upcoming earnings? $Frasers Cpt Tr(J69U.SI)$ $Keppel DC Reit(AJBU.SI)$
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Since I am a glass half full kind of person, I believe that it will. But even if there is a temporary pullback, it is time to swoop in to bargain hunt.
I am eyeing a few great stocks like $Sheng Siong(OV8.SI)$ $SGX(S68.SI)$ and $DBS Group Holdings(D05.SI)$.
As a Singaporean, I believe in our Singapore market. It may not have the drama of tech heavy Nasdaq but it is like that quietly competent auntie who never misses a red packet season and always manages her household with legendary efficiency.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
In my portfolio, I’m holding DBS, OCBC, UOB & Sembcorp Industries. These stocks offer a strong mix of stability, dividends, and growth potential. I particularly like how Sembcorp has transformed its business with a clean energy focus. With Temasek actively engaging for long-term value, I see continued upside in these names if earnings hold up.
I’m also keeping an eye on the upcoming H1 2025 results for Frasers Centrepoint Trust and Keppel DC REIT, see if they deliver steady DPU and growth. Overall, the STI’s rally looks fundamentally sound, and I plan to stay invested while adding selectively during pullbacks.
@Tiger_SG @TigerStars @Tiger_comments
However, it’s worth noting that much of the rally appears to be driven by a handful of large-cap banks and Temasek-linked blue-chip stocks. This concentration could make the uptrend somewhat vulnerable to shifts in sentiment or sector-specific news。。。
As always, it's important to assess the underlying fundamentals, watch valuations closely, and remain mindful of the potential for short-term pullbacks after such strong upward momentum。。。
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@Huat99
我个人目前持有Frasers Centrepoint Trust（FCT）和Keppel DC REIT。FCT主要是社区商场，受益于本地消费稳定，加上管理层积极优化资产组合，现金流稳。而Keppel DC虽然之前因欧洲项目影响股价波动大，但这次DPU能同比增长12%，说明核心数据中心资产依然强劲，派息能力没有掉链子。
对即将到来的财报季，我是偏乐观的，尤其是REIT板块。虽然利率高压还在，但优质REIT已开始主动调整资本结构，例如提前锁定低利贷款、优化资产组合。只要派息保持稳定，市场信心自然回来。
当然，股市涨多了难免会回调，但只要基本面没变，调整就是机会。我更倾向趁市场短期波动，继续布局这些具防御性又有成长空间的REIT。
I hold OCBC, a handful of reits including Keppel dc and frenken. Both Keppel dc reit and frenken are the Singapore stocks that allow us to ride the AI wave. Data centres are in high demand in land scarce Singapore and the government is not allowing new data centres to be built, further driving up demand. So, no reason for it to not do well. Fraser’s Centrepoint holds many familiar malls and with shopping being the favourite pastime for Singaporeans, again there is no reason for it to not deliver. In fact both have already delivered good earnings in their latest reports. It is usually the dividend announced and its debt that will influence the stock price
在此期間，機構投資者一直是新加坡市場的淨買家，淨流入額超過4億新元。
一些分析師將海指的強勁表現歸因於避險資本。一家基金管理公司甚至推出了首個專門用於跟蹤海指的單位信托。
Go go STI