Top Singapore Blue-Chip Stocks to Add to Your Portfolio in 2025

Blue-chip stocks represent some of the most reliable investments on the market, known for their well-established reputations and strong positions within their industries. These companies typically boast impressive track records, consistently delivering solid returns to investors, often through reliable, growing dividend payments. 

Thanks to their resilience and stability, blue-chip stocks are especially appealing for conservative investors seeking dependable returns. However, even those with a higher risk tolerance can benefit from adding blue chips to diversify portfolios and mitigate volatility in uncertain markets.

In Singapore, the Straits Times Index (STI) includes the top blue-chip stocks listed on the Singapore Exchange (SGX), each offering unique opportunities for stable growth. The TTM dividend yields for top-weighted STI stocks ranged from 4.04% to 4.64%, providing an attractive edge over the typical 12-month fixed deposit rate of around 3% p.a.

This article explores some of the best blue-chip stocks in Singapore, outlining their growth prospects and value as strategic investments for 2025.

What is a blue-chip stock?

A blue-chip stock is the equity of a large, well-established company known for its reliability, financial strength, and consistent returns over time. These companies have earned a strong reputation and are leaders in their industries, often providing stability to investors’ portfolios. Here’re some of the characteristics of blue-chip stock:

• Large Market Capitalization: While blue-chip companies often have market capitalizations of $10 billion or more, being a blue chip can also be attributed to leading companies in a specific market or sector, regardless of size. These companies command investor confidence and have the financial stability to withstand market volatility effectively.
• Strong Reputation: With long histories and established track records, blue-chip companies are widely trusted. Their reliability and brand strength create consistent demand from investors and consumers alike.
• Dividend Payouts: Regular dividends are a hallmark of blue-chip stocks. These companies not only provide consistent dividend payments but often increase them over time.
• Stability and Resilience: Blue-chip companies have demonstrated resilience through various economic cycles, maintaining steady revenue and profit growth. This consistency makes them a reliable choice, even in volatile market conditions.

Why invest in blue chip stocks?

1. Proven Stability

Blue-chip stocks in Singapore represent companies with longstanding histories and stability. Their size and reliability help them withstand market downturns better than most, making them a safer investment for preserving capital.

2. Consistent Dividend Income

Singapore’s top blue-chip companies have a record of consistent, often increasing dividend payments, offering a reliable income stream for investors seeking passive income without sacrificing growth potential.

3. High-Quality Diversification

Blue-chip stocks span various sectors, including finance, telecommunications, real estate, and logistics, providing diversification across industries and reducing the impact of sector-specific risks on your portfolio.

4. Trusted Brand Value

These companies have established reputations in Singapore and globally, such as DBS Bank and Singapore Airlines. Their respected brand value and consumer trust contribute to steady demand, even during market fluctuations.

5. International Exposure

Many Singapore blue-chip companies operate globally, particularly in Asia, giving investors indirect access to international growth markets like China and Southeast Asia, enhancing the portfolio’s growth potential.

6. Resilience in Economic Downturns

Blue-chip companies typically have robust cash reserves and financial resilience, enabling them to navigate economic slowdowns more effectively than smaller firms, offering investors a layer of protection in challenging markets.

Singapore blue-chip stocks offer a balanced investment choice for both income and growth, with their stability, reliable dividends, and diversified market presence making them ideal for long-term, risk-conscious investors.

Top blue-chip stocks in Singapore for your portfolio

In Singapore, blue-chip stocks are largely represented by companies listed on the Straits Times Index (STI), which comprises the largest and most established names on the Singapore Exchange. The STI includes a diverse range of high-performing companies across sectors such as telecommunications, consumer goods, real estate, and financial services. These companies are known for their significant market capitalizations and strong dividend yields.

Below is a table of prominent blue-chip stocks in Singapore:

*Data from Yahoo Finance as of 9 Dec 2025

Your all-in-one Singapore portfolio

Gain diversified exposure to blue-chips, bonds, and REITs in one professionally managed, SGD-denominated portfolio—so you can capture Singapore’s growth without the hassle of picking individual stocks or monitoring markets daily.

#1 DBS Group Holdings Ltd (SGX:D05)

DBS Bank, Singapore's largest and one of Asia's leading banks, demonstrates strong financial performance and innovation, making it a solid blue-chip stock choice. Known for its extensive presence in 19 markets, DBS is particularly distinguished by its commitment to digital banking innovations, enhancing customer experience and operational efficiency.

In the third quarter of 2025, DBS reported a net profit of $2.95 billion SGD, a 2% decrease from the same period last year. For the full year, net profit rose 3% to a record $17.6 billion SGD, with a return on equity (ROE) of 17.1%, sustaining the previous year's record.

Source: DBS

The bank also declared a final dividend of 60 cents per share, up from 54 cents previously, bringing the total full-year ordinary dividend to $2.22 SGD per share, a 27% increase over the prior year. DBS further announced a Capital Return dividend of 15 cents per share per quarter, to be paid throughout 2025, as part of its plan to return excess capital to shareholders.

DBS’s competitive advantage is bolstered by continuous growth in non-interest income. In 9M 2025, deposits rose 9% to $48.0 billion SGD, driven by higher net interest margins and balance sheet growth, while net fee income surged 16% to a record $4.47 billion SGD, led by wealth management and transaction services.

Source: DBS

Singapore’s political stability, favorable tax policies, and support for family offices and trusts continue to attract strong inflows of wealth into Asia, benefiting DBS’s wealth management segment. DBS aims to expand its wealth management AUM to $500 SGD billion by 2026, indicating continued growth potential.

Looking ahead, DBS anticipates mid-to-high single-digit growth in net profit for 2025. CEO Piyush Gupta noted that while market volatility and geopolitical tensions pose challenges, the bank has built resilience against an economic slowdown and potential interest rate cuts.

Why DBS is a strong investment option

• Robust financial performance with growth momentum
  DBS’s 9M2025 results reflect continued strong performance, with 9M net profit reaching $8.66 billion SGD, a 1% decrease from the previous year.

• Stable and resilient net interest margins (NIM)
  DBS has maintained resilient net interest margins despite market shifts. Group NIM dropped to 2.04% in 9M2025, while the commercial book NIM decreased to 2.54%, reflecting the bank's ability to navigate interest rate cycles while preserving profitability.

• Diversified revenue mix
  DBS’s diverse income sources reduce dependence on any single market. In 9M2025, net fee income rose 22% year-over-year, with wealth management fees surging 30% to $2.16 billion SGD, supported by strong customer demand for investments.

• Commitment to shareholder returns
  DBS continues to prioritize shareholder returns, declaring a total dividend of $2.85 SGD per share for FY2025, up 31% from the previous year. Additionally, the bank introduced a Capital Return dividend of 15 cents per share per quarter for 2025, underscoring its commitment to returning excess capital to shareholders.

• Strategic focus on digital innovations
  DBS continues to lead the way in digital banking, prioritizing technology to enhance both operational efficiency and customer engagement. This digital-first strategy not only improves service quality but also positions DBS to capture further growth in the digital and fintech sectors, reinforcing its competitive advantage.

#2 Oversea-Chinese Banking Corporation Ltd (SGX: O39)

OCBC is Singapore's second-largest bank, with a well-diversified business model spanning banking, wealth management, and insurance through its subsidiary Great Eastern Holdings. The Group continues to strengthen its presence across Southeast Asia and Greater China, underpinned by disciplined cost control and diversified revenue streams.

In Q32025, OCBC achieved a record net profit of $1.98 billion SGD, up 9% quarter-on-quarter, driven by broad-based growth across all core segments. Total income grew 7% to $3.796 billion SGD, supported by a 24% increase in non-interest income to $1.57 billion SGD. Wealth management income rose 35% to $683 million SGD. Net interest margin (NIM) declined slightly to 1.84%, down 8 basis points due to elevated funding costs, but remained healthy relative to peers.

Wealth management continued to be a key contributor to OCBC’s performance. Assets under management (AUM) reached a record $299 billion SGD, up 14% year-on-year, bolstered by net new inflows and favourable market valuations. Net fee income rose 9% to $1.97 billion SGD, largely driven by a 22% increase in wealth management fees, while trading income surged 53% to a new high of $1.54 billion SGD. Insurance income also grew 14% to $917 million SGD, reflecting improved performance at Great Eastern.

OCBC’s board declared a total dividend of $1.01 SGD per share, comprising an interim dividend of $0.44 SGD, a final dividend of $0.41 SGD, and a special dividend of $0.16 SGD. This reflects a 60% dividend payout ratio, demonstrating the Group’s strong capital position and consistent commitment to returning value to shareholders. In addition, OCBC announced a $2.5 billion SGD capital return plan over two years through special dividends and share buybacks.

The Group maintained strong asset quality with a non-performing loan (NPL) ratio remaining steady at 0.9%. Total allowances rose by 6% to $227 million SGD, with credit costs kept low at 16 basis points. OCBC also maintained its capital buffers, with its CET1 ratio at 16.9% or 15.0% on a fully phased-in basis.

Why OCBC is a strong investment option

• Robust Earnings Momentum 
  OCBC delivered record earnings of $3.8 billion SGD in 2024, a 7% increase from the previous quarter. This was underpinned by resilient performance across core banking, insurance, and wealth management. The Group’s ability to sustain profit growth despite global uncertainties highlights its operational strength and income diversification.

• Attractive and Sustainable Dividend Payout
  OCBC declared a total dividend of $0.98 SGD per share for FY2025, including a special dividend, representing a 5.18% payout ratio. This reflects the Group’s confidence in its earnings stability and commitment to rewarding shareholders while maintaining capital strength.

• Diversified and Growing Revenue Streams
  Non-interest income surged 24%, driven by double-digit growth in wealth management, insurance, and trading income. Wealth AUM grew 25% to a record $336 billion SGD. This diversification helps OCBC navigate margin pressures and economic cycles more effectively than peers heavily reliant on lending income.

• Solid Capital and Risk Management
  OCBC continues to maintain strong credit quality and prudent risk controls. The NPL ratio held at 0.9%. Its CET1 ratio of 16.9% (15% fully phased-in) signals ample capital buffer to weather macro headwinds and pursue growth opportunities.

#3 United Overseas Bank Ltd (SGX: U11)

UOB is the third-largest bank in Singapore with a strong regional presence in Southeast Asia. It has been expanding its digital capabilities and focusing on the growing wealth management segment. 

United Overseas Bank (UOB) reported strong results for Q32025, driven by double-digit fee income growth and reduced credit allowances. Net profit for Q32024 stood at $443 million SGD down 28% year-on-year.

Source: UOB

The bank declared dividends of $2.27 SGD per share, reflecting a 6.58% yield. Net interest income eased by 3% to $7.01 billion SGD, as net interest margin contracted by 13 basis points to 1.91%, reflecting the impact of falling benchmark rates.

Source: UOB

Net fee income rose 7% year-on-year to $2.4 billion SGD, led by double-digit growth in wealth management fees, alongside stronger credit card and loan-related fees. Wealth management income grew 30% year-on-year, supported by improved investor sentiment. Wealth AUM reached $190 billion SGD, reflecting an 8% increase from the prior year.

Other non-interest income increased 10% to $2.2 billion SGD, driven by robust customer-related treasury income, increased retail bond sales, and hedging demand. Total income rose 3% year-on-year to $14.3 billion SGD.

Why UOB is a strong investment option

• Stable Net Interest Margins (NIM)
  In FY2025, UOB maintained resilient net interest income at $2.3 billion SGD, supported by 2% loan growth.

• Strong growth in Net Fee Income.
  Wealth management income surged 8% year-on-year, with Wealth AUM reaching $199 billion SGD, an 8% increase. Credit card fees rose 18%, reflecting increased consumer spending.

• Consistent asset quality
  UOB’s asset quality remained stable, with a non-performing loan (NPL) ratio of 1.6%. Total allowances stood at $351 million SGD, with total credit costs on loans at 134 basis points.

• Regional expansion
  UOB continues to benefit from regional growth, having completed the integration of Citi’s retail operations in Malaysia, Indonesia, Thailand, and Vietnam. This expansion enhances cross-selling opportunities and deepens UOB’s market reach across ASEAN.

#4 Singapore Telecommunications Ltd (SGX: Z74)

Singtel continued its strong performance in FY2025, with net profit rising 183% year-on-year to $1.32 billion SGD in Q3, including exceptional gains from Airtel and the sale of stakes in Intouch and Indara. Underlying net profit increased 11% to $1.9 billion SGD for the first nine months, led by Optus, NCS, and regional associates, while EBITDA grew 20% to $2.9 billion SGD.

Source: Singapore Telecommunications Ltd

The company declared a total FY2025 ordinary dividend of around 16.5 cents per share, comprising a core dividend and value realization dividend, subject to financial performance and shareholder approval.

Singtel’s key divisional highlights:

• Optus: Singtel’s Australian arm, mobile service revenue rose 4%, driven by postpaid repricing and growth in amaysim, with EBIT up 54%.
• Singtel Singapore: Mobile service revenue rose 2%, supported by roaming and IoT growth, while meeting its full-year cost savings target within nine months.
• NCS division: Revenue grew 4% year-on-year, driven by government projects and enterprise platforms, while EBIT surged 31% from higher margins and cost optimization.
• Digital InfraCo: Revenue increased 3%, driven by Nxera’s data center growth, with around 50% of regional capacity already contracted.

Source: Singapore Telecommunications Ltd

Singtel also raised ~$500 million SGD from the sale of its 3.5% stake in Intouch, secured an $643 million SGD green loan for DC Tuas, and became the first in Singapore to deploy 700MHz spectrum, enhancing 5G coverage.

Why Singtel is a strong investment option

• Growth-Driven strategy through ST28
  Singtel’s ST28 strategy continues to drive growth through 5G, data centers, and regional connectivity. It remains on track to achieve its $6 billion SGD capital recycling target by FY2027.

• Focus on digital infrastructure and ICT expansion
  Through Nxera, Singtel is expanding data center capacity to 155MW across Singapore, Thailand, and Indonesia, tapping into Southeast Asia’s growing demand for digital infrastructure.

• Strong regional presence and associate growth
  Regional associate contributions rose 22% in Q3 FY2025, driven by Airtel, AIS, and Globe. Singtel’s partnerships across Asia continue to fuel growth and dividend contributions.
  

• Improved dividend payouts and financial stability
  Singtel introduced a value realization dividend of 3-6 cents per share, alongside its 70%-90% core payout ratio. Net debt fell 7% to $7.78 billion SGD, reflecting stronger financial resilience.

• Resilience in diverse market conditions
  Singtel’s focus on operational efficiency, cost savings, and digital services strengthens its competitive position amid Southeast Asia’s evolving telco landscape.

Source: Singapore Telecommunications Ltd

With its ST28 strategy, digital expansion, higher shareholder returns, and strong financial base, Singtel remains a compelling investment in the dynamic telco sector.

#5 Capitaland Investment Ltd (SGX: 9CI)

CapitaLand Investment Ltd (CLI) is a leading global real estate investment manager headquartered in Singapore, with operations across more than 40 countries. As of December 2025, CLI managed $134 billion SGD in total assets under management (AUM), including $117 billion SGD in funds under management (FUM).

In 1H 2025, CLI reported a net profit of $287 million SGD, a 13% decline from the same period in 2024. Its revenue decline was largely due to the deconsolidation of CapitaLand Ascott Trust and the absence of income from previously divested assets. While total revenue fell 24% to $1.04 billion SGD, the impact was cushioned by strong growth in its fee income-related businesses (FRB), including lodging management and fund management. CLI also offset part of the decrease through new investment contributions and lower financing costs, underscoring the resilience of its asset-light, fee-driven strategy.

CLI expanded its footprint with notable strategic moves in 2024. It entered Australia’s private credit market through the acquisition of Wingate’s property and corporate credit investment businesses. In India, it aims to more than double its FUM by 2028, scaling up from $7.4 billion SGD as of mid-2024. These initiatives are part of CLI’s broader ambition to achieve $200 billion SGD in FUM by 2028.

Source: CLI

Lodging also remains a core growth driver, with CLI on track to operate 160,000 lodging units by 2028, up from 106,000 currently. On the sustainability front, 46% of CLI’s global portfolio by gross floor area (GFA) is now green-certified, and it has ramped up solar installations across 22 Singapore properties, accounting for nearly 30% of its local portfolio’s GFA. These efforts reinforce CLI’s long-term focus on sustainable returns and ESG-driven investment strategies.

Why CapitaLand Investment Limited is a Strong Investment Option

• Strong Rebound in Profitability
  CLI’s FY2024 net profit surged to $479 million SGD, more than doubling from the previous year. This sharp rebound reflects operational resilience, successful cost management, and a recovery in core income streams such as fund management and lodging.

• Scalable Global Growth Strategy
  With clear targets to grow FUM to $200 billion SGD and lodging units to 160,000 by 2028, CLI is executing a disciplined growth roadmap across high-potential markets like India and Australia. These moves strengthen CLI’s competitive positioning in real estate alternatives and emerging markets.

• Resilient Fee-Based Income Model
  CLI’s fee income-related business now makes up over half of total revenue, providing recurring income through fund, property, and lodging management. This asset-light model enhances earnings stability and reduces dependency on transactional property sales.
• Strong Sustainability Credentials
  Nearly half of CLI’s global portfolio is green-certified, with ongoing solar initiatives supporting its low-carbon transition goals. This ESG focus enhances long-term asset value and aligns CLI with institutional investors’ rising demand for sustainable investments.

CLI’s strong FUM growth, capital recycling success, and commitment to recurring income streams position it as a resilient and growth-oriented investment in the evolving real estate sector.

#6 CapitaLand Integrated Commercial Trust (SGX: C38U)

CapitaLand Integrated Commercial Trust (CICT) is Singapore's first and largest real estate investment trust (REIT), boasting a market capitalization of $17.43 billion SGD as of December 2025. Established in 2002 as CapitaLand Mall Trust, it rebranded in November 2020 following a merger with CapitaLand Commercial Trust.

CICT's diversified portfolio, valued at $24.5 billion SGD as of December 2023, encompasses 21 properties in Singapore, along with assets in Frankfurt, Germany, and Sydney, Australia. The trust focuses on high-quality, income-generating commercial properties, primarily retail and office spaces.

Source: CICT

In the second half of 2024, CICT reported a distribution per unit (DPU) of 5.45 Singapore cents, consistent with the same period in 2023. This brings the total DPU for FY2024 to 10.88 Singapore cents, a 1.2% increase from the previous year. Based on a closing price of $1.93 SGD per unit on December 31, 2024, the annualized distribution yield stands at approximately 5.6%.

Gross revenue for H2 2024 was $689.7 million SGD, reflecting a 1.7% year-on-year increase, primarily due to stable performance in the Singapore office portfolio. Net property income rose by 2.1% to $497.3 million SGD, attributed to higher gross rental income and effective cost management.

The portfolio maintained a strong committed occupancy rate of 96.8%, supported by proactive leasing strategies and successful renewals across both retail and office segments. Asset enhancement initiatives are progressing as planned, with projects at IMM Building in Singapore and Gallileo in Germany expected to complete by the second half of 2025.

Source: CICT

Why CICT is a strong investment option

• Dominant market position
  As Singapore's largest integrated commercial REIT, CICT's diversified portfolio across retail, office, and integrated developments offers resilience against economic fluctuations and capitalizes on the country's robust commercial real estate market.

• Organic and inorganic growth potential
  CICT's proactive asset enhancement initiatives and strategic acquisitions, such as the proposed 50% stake in Ion Orchard, are poised to enhance portfolio value and income streams.

• Prudent financial management
  With a well-structured debt profile averaging 3.5 years to maturity and 76% of debt on fixed interest rates, CICT effectively manages interest rate exposure. The issuance of $300 million SGD in 10-year green bonds at 3.75% underscores its commitment to sustainable financing.

CICT's strong financial metrics, strategic growth plans, and prudent financial management position it as a compelling investment choice for those seeking stable and growing returns in the commercial real estate sector.

#7 Singapore Airlines Ltd (SGX: C6L)

Singapore Airlines (SIA) is a premier global airline based in Singapore, known for excellence in service and innovation. SIA operates a dual-brand strategy with its flagship premium service, Singapore Airlines, and Scoot, its low-cost subsidiary catering to budget-conscious travelers in Asia.

In addition to passenger services, SIA owns SIA Engineering Company, listed on the SGX, providing maintenance, repair, and overhaul (MRO) services for SIA and other international airlines. This reinforces the group’s high operational standards.

A member of the Star Alliance, SIA enhances its global reach through partnerships and code-sharing. With a modern fleet focused on fuel efficiency and sustainability, SIA continues to lead the aviation industry, setting benchmarks in service and eco-friendly practices.

Source: SIA

Singapore Airlines (SIA) Group reported $238.5 SGD million in net profit for the first half of FY2026, a 67.9% decline from the $742 million SGD recorded in the previous year. The drop in profitability was mainly attributed to losses from its associate, Air India, which were not included in SIA’s financials in the prior period. From December 2024 onward, following the full integration of Vistara into Air India, the group began equity-accounting Air India’s financial performance, bringing these losses into the current reporting period.

Despite the fall in net profit, SIA continued to demonstrate operational resilience. Revenue performance remained robust, supported by healthy travel demand and steady cargo contributions. The group maintained strong load factors and continued expanding its network reach, reinforcing its competitive position across key international markets.

Why Singapore Airlines (SIA) is a strong investment option

• Market leadership in Asia’s Aviation Hub
  As Singapore’s flagship carrier, SIA benefits from its strategic position at Changi Airport, one of the world’s busiest transit hubs. Its extensive network across more than 115 destinations enhances regional and global connectivity.

• Resilience through financial strength and operational readiness
  SIA’s robust balance sheet supports its ability to navigate challenges. The $1.63 billion SGD Q3 net profit, bolstered by the Air India-Vistara merger, reflects strong financial resilience. Net gearing remains low at 0.43 times, ensuring stable capital management.

• Strategic growth and regional partnerships
  SIA’s 25.1% stake in the Air India-Vistara entity strengthens its multi-hub strategy in India. Partnerships with Garuda Indonesia, Riyadh Air, and Lufthansa further expand route networks and connectivity.

• Commitment to sustainability
  SIA continues to lead in sustainability through its net-zero emissions target by 2050 and sustainable aviation fuel (SAF) partnerships with Cathay Pacific and Shell. Initiatives like fleet modernization and fuel-efficient aircraft further support its eco-friendly transition.

Singapore Airlines’ record profits, strategic expansions, and commitment to sustainability underscore its resilient growth outlook. Its strong financial foundation, regional leadership, and focus on operational excellence position SIA as a compelling investment in the evolving aviation landscape.

#8 ComfortDelGro Corporation Ltd (SGX: C52)

ComfortDelGro Corporation Limited (CDG) is a leading global land transport company based in Singapore, providing a wide range of services, including public bus and rail transport, taxi and private-hire vehicle services, car rental and leasing, and automotive engineering.

CDG is also involved in driving centers, motor vehicle inspection, non-emergency patient transport, and outdoor advertising. Its extensive operations make it a key player in the mobility sector, recognized for its commitment to service quality and innovation.

Beyond Singapore, CDG has established a significant international presence across 12 countries, including the United Kingdom, Australia, China, and Malaysia. Operating a vast fleet of around 40,000 vehicles, CDG leverages its diverse expertise and robust operational framework to adapt to evolving market demands, strategically expanding its footprint and service offerings worldwide.

ComfortDelGro (CDG) financial performance remained strong, with 9M 2025 revenue rising 13.9% YoY to $3.7 billion SGD. The group’s Q3 2025 revenue of around $1.3 billion SGD was driven largely by its expanding UK public transport business, which continues to be a key growth engine. 

According to the group, overseas revenue increased to 55.3% YoY mainly due to the Addison Lee acquisition in Europe and Metroline Manchester contracts.

Source: ComfortDelGro

Why ComfortDelGro is a strong investment option

• Leading global land transport operator with strong expansion strategy
  As one of the world’s largest listed land transport operators, CDG has established a robust presence across Singapore, Australia, the UK, and China. Its track record in managing public transport systems in multiple countries positions it well to secure additional international contracts.
  
  Recent wins, such as the Greater Manchester bus contract and the Stockholm rail contract, are evidence of CDG’s continued success in expanding its global footprint, providing substantial revenue growth and diversification.

• Strategic acquisitions and earnings-accretive projects
  CDG’s acquisitions, including A2B in Australia and CMAC in the UK, align with its strategy to bolster its transport expertise across key markets. These acquisitions are expected to be earnings accretive, supporting CDG’s profitability.
  
  New contracts, including the high-value Greater Manchester bus and Stockholm rail contracts, are projected to contribute significantly to earnings by FY25, positioning CDG well for steady growth.

ComfortDelGro’s well-diversified revenue streams, international growth strategy, and continued focus on expanding high-margin contracts make it a compelling investment option with promising long-term growth prospects.

#9 Sheng Siong Group Ltd (SGX: OV8)

Sheng Siong Group Ltd., founded in 1985 by the Lim brothers, has grown from a small provision shop in Ang Mo Kio to become Singapore’s third-largest supermarket chain, with over 70 outlets island-wide. Known for its wide range of affordable, quality products, including fresh produce, groceries, and household items, Sheng Siong has built a reputation as a trusted name in the Singaporean retail market.

Expanding beyond Singapore, Sheng Siong entered the Chinese market in 2017 with a store in Kunming. The group also emphasizes sustainability and community engagement, focusing on key pillars like customer care, employee welfare, and environmental responsibility. Through these initiatives, Sheng Siong continues to serve as a reliable, value-focused supermarket option for Singaporean and international shoppers alike.

For the third quarter ending September 30, 2025, Sheng Siong Group delivered robust growth, with revenue rising 14.4% year-on-year to $415.5 million SGD, supported by continued store expansion and healthier comparable sales. The group expanded its network to 90 stores, up from 79 a year ago, while same-store sales grew 4.4%, reflecting resilient consumer demand. In the third quarter ending 30 September 2025, Sheng Siong Group delivered robust growth, with revenue rising 14.4% year-on-year.

Gross profit increased 15.2% to $131.1 million SGD, maintaining stable margins despite cost pressures. Net profit for Q3 climbed 12% to $43.8 million SGD, driven by higher sales volumes and improved operational efficiency. The group’s strategy of expanding selectively into high-density neighbourhoods continues to underpin its steady performance.

Source: Sheng Siong

Sheng Siong expects grocery demand in Singapore to remain resilient, supported by steady household spending. According to the Retail Sales Index (RSI), retail sales rose 5.2% year-on-year in August, with the Supermarkets & Hypermarkets category up 8.7%, even as Food & Beverage Services fell 0.4%, reflecting caution around out-of-home dining. Consumer spending in supermarkets and heartland retailers continues to benefit from CDC and SG60 vouchers.

Why Sheng Siong Group is a strong investment option

• Strong supply chain and bidding track record
  Sheng Siong’s ability to consistently expand its store network and optimize procurement strategies has been instrumental in driving its revenue and margin growth.
  
  With a solid track record in securing 44% of HDB store tenders over the past five years, Sheng Siong has steadily increased its footprint across Singapore, ensuring sustainable growth. Its effective sourcing capabilities enable the Group to keep prices competitive, strengthening its appeal among value-conscious consumers.

• Projected earnings growth and expansion potential
  Sheng Siong is expected to continue delivering steady earnings growth into FY2026, supported by its strong Q3 FY2025 performance and ongoing expansion strategy.
  

#10 Thai Beverage Public Company Limited (SGX: Y92)

Thai Beverage Public Company Limited (ThaiBev), founded in 2003 and listed on the Singapore Exchange, is a leading beverage and food company in Southeast Asia. Its diverse portfolio includes renowned brands such as SangSom, Hong Thong, and Chang Beer, spanning spirits, beer, non-alcoholic beverages, and food products. The company holds a 53.58% stake in Sabeco, Vietnam’s largest beer producer, and maintains strategic investments in Fraser and Neave (F&N) and Frasers Property.

Operating an extensive production network, ThaiBev manages 19 distilleries, 3 breweries, and 20 non-alcoholic beverage facilities in Thailand, along with international sites in Vietnam, Scotland, and Myanmar. Its distribution network reaches over 90 countries, and the company is recognized on the Dow Jones Sustainability Index for its commitment to environmental and social governance.

For the full year ended September 30 2025, ThaiBev reported a 6.8% decline in net profit to 25.4 billion baht ($1.02 billion SGD). ThaiBev attributed the weaker profitability to higher investments in brand-building, new product launches, and increased operating expenses from its expanding restaurant network.

Net profit was also weighed down by lower interest income, which fell sharply to $163.6 million SGD from $266.5 million SGD in H1 FY2025, reflecting reduced cash balances and interest rate cuts.

Despite the drop in net profit, operating performance remained stable. Operating profit in H1 FY2026 inched up 0.9% to $802.9 million SGD, supported by disciplined cost management and steady contributions from its core beverage segments. ThaiBev also recorded a 1.9% year-on-year increase in revenue, reaching a first-half record of $9.7 billion SGD, driven by resilient demand across both alcoholic and non-alcoholic categories.

Why Thai Beverage (ThaiBev) is a strong investment option

• Market leadership and diverse portfolio
  ThaiBev holds a leading position in Southeast Asia’s beverage market, backed by well-established brands like Chang, Hong Thong, and Saigon Beer. Its extensive portfolio across spirits, beer, non-alcoholic beverages, and food products ensures diversified revenue streams and resilience against market fluctuations.

• Resilient growth in key segments
  Despite economic headwinds in Thailand and a slower-than-anticipated recovery in Vietnam, ThaiBev’s spirits and beer segments have proven resilient. Strategic pricing and cost efficiencies have helped drive profit margins in its core markets.
  

In summary, ThaiBev's robust portfolio, strategic regional investments, and consistent performance across key segments underscore its potential as a strong investment opportunity in the Southeast Asian beverage industry.

#11 Keppel Corporation Limited (SGX: BN4)

Keppel Corporation (Keppel) has transformed into a global asset manager and operator, focusing on infrastructure, real estate, and connectivity solutions. With operations in over 20 countries, Keppel plays a key role in sustainable energy, digital connectivity, and urban renewal, making it a leader in sustainability-driven investments.

Keppel delivered strong results for the first nine months of 2025, with net profit rising over 25% year-on-year for the New Keppel, excluding the Non-Core Portfolio for Divestment and M1’s telco business, which has been reclassified as Discontinued Operations. This performance reflects the continued success of Keppel’s transformation strategy, supported by earnings growth across its Infrastructure, Real Estate, and Connectivity segments.

Keppel’s Funds Under Management (FUM) surged 60% YoY to $88 billion SGD, demonstrating strong investor confidence and demand for Keppel-managed assets. This positions Keppel as a leading global asset manager across real estate, private credit, and sustainable infrastructure. The growth reflects its ability to secure capital from institutional investors while scaling its investment platforms.

Recurring income remained a key driver of stability, expanding by nearly 15% YoY in 9M 2025, underpinned by higher contributions from both asset management and operating income. The Non-Core Portfolio for Divestment also returned to profitability, reversing its loss from a year earlier. When including Discontinued Operations where accounting losses were recorded due to the proposed sale of M1’s telco business the Group still achieved over 5% YoY growth in net profit, underscoring the resilience of the New Keppel’s diversified business model.

Keppel accelerated its asset monetisation programme in 9M 2025, announcing $2.4 billion SGD in divestments, including the proposed sale of M1’s telco business and its stake in 800 Super. Since launching the programme in 2020, Keppel has monetised nearly $14 billion SGD and is targeting over $500 million SGD more in the coming months, reinforcing its asset-light, capital-efficient strategy.

Keppel also prioritised shareholder returns. Under its $500 million SGD share buyback programme, Keppel repurchased $92.6 million SGD of shares by end-September 2025. From 2022 to 2025, it returned $6.6 billion SGD to shareholders and delivered 38% annualised TSR, far outperforming the STI’s 14.5%, reflecting strong confidence in its transformation.

Source: Keppel

Why Keppel Corporation is a strong investment option

• Leadership in asset management & infrastructure
  Keppel’s FUM surged to $88 billion SGD, positioning it as a major player in real estate, energy, and digital infrastructure. Its ability to generate stable, recurring income ensures resilience in a volatile market.
• Aggressive growth through asset monetization
  Keppel now announced about $14 billion SGD in asset monetisation since 2020, including $2.4 billion SGD in 9M 2025 from the proposed divestments of M1’s telco business and its stake in 800 Super, reinforcing its $10-12 billion SGD asset monetization roadmap. This allows for reinvestment into high-growth, sustainability-focused ventures.
• Strong financial performance & cost efficiency
  From January 2022 to September 2025, Keppel returned $6.6 billion SGD to shareholders through dividends and distributions. Its 38% annualised Total Shareholder Return (TSR) significantly outperformed the STI’s 14.5%, demonstrating strong market confidence in Keppel’s strategy and execution.
• Commitment to sustainability & innovation
  Keppel is spearheading two new subsea cable projects, enhancing regional connectivity while advancing clean energy and urban renewal. The company’s decarbonization strategies align with long-term sustainable investment trends.

Keppel’s transformation into a high-growth asset manager and operator is delivering higher profitability, stronger recurring income, and expanded investment opportunities. With a focus on sustainability, asset monetization, and digital infrastructure, Keppel is well-positioned for long-term growth and shareholder value creation.

#12 Singapore Technologies Engineering (SGX: S63.SI)

ST Engineering is a global leader in defense, aerospace, and smart city solutions, driving innovation across critical infrastructure and digital systems. With a presence in Asia, the U.S., Europe, and the Middle East, the company delivers cutting-edge solutions while advancing sustainability.

Source: ST Engineering

ST Engineering delivered strong revenue growth in 9M2025, with revenue rising 9% year-on-year to $9.1 billion SGD, supported by solid performances across all business segments. The Commercial Aerospace (CA) segment led with 11% YoY growth, driven by robust demand for Engine MRO and Nacelles, partially offset by softer passenger-to-freighter (PTF) activity. Defence & Public Security (DPS) posted 9% YoY revenue growth, with all sub-segments contributing, while Urban Solutions & Satcom (USS) recorded 5% YoY growth, supported by steady project momentum in Urban Solutions.

Momentum accelerated in the third quarter. For 3Q2025, Group revenue rose 13% to $3.1 billion SGD , with CA, DPS and USS registering 22%, 5%, and 15% YoY growth respectively.

Contract wins remained a key highlight. ST Engineering secured $14.0 billion SGD in new contracts in 9M2025, including $4.9 billion SGD in 3Q2025, lifting its order book to a new record of $32.6 billion SGD as at end-September 2025. Approximately $2.8 billion SGD of this is scheduled for delivery by year-end, providing strong revenue visibility.

As part of its ongoing portfolio review, the Group divested several non-core businesses including LeeBoy, CityCab and its stake in SPTel generating $594 million SGD in cash proceeds and $258 million SGD in after-tax divestment gains.

ST Engineering declared a 3Q2025 interim dividend of 4.0 cents, and will propose a 6.0-cent final dividend plus a 5.0-cent special dividend, bringing FY2025 dividends to 23.0 cents per share if approved. Despite these payouts, the Group maintains strong financial capacity to reinvest and pursue growth.

Why ST Engineering is a Strong Investment

• Leadership across critical sectors
  ST Engineering’s diversified business across defense, aerospace, and smart city solutions ensures resilience and growth. Its leadership in MRO services, cybersecurity, and smart infrastructure strengthens its market position.
  
• Robust Revenue and profit growth
  For 9M2025, the Group delivered 9% YoY revenue growth to $9.1 billion SGD , with broad-based expansion across all segments. ST Engineering also secured $14.0 billion SGD in new contracts, driving its order book to a record $32.6 billion SGD, with $2.8 billion SGD scheduled for delivery in 2025, ensuring strong earnings visibility.
• Strong international expansion and contract wins
  ST Engineering's international presence continues to expand, with significant Middle Eastern, European, and Southeast Asia contracts secured across aerospace, defense, and urban solutions.
• Commitment to innovation and sustainability
  ST Engineering continues investing in digital transformation, AI-driven solutions, and sustainable urban projects, positioning itself at the forefront of technology-driven infrastructure.

ST Engineering’s strong financial performance, record order book, and leadership in aerospace, defense, and smart city solutions highlight its resilience and growth potential. With strategic international expansions, technological innovation, and sustainable practices, ST Engineering remains a compelling investment choice for long-term value.

Effortless Investing in Singapore with StashAway’s Singapore Investing Portfolio

For investors who want exposure to Singapore’s blue-chip assets without the need to pick individual stocks, StashAway offers the Singapore Investing Portfolio. This portfolio provides a diversified investment approach tailored for the Singapore market, combining bonds, equities, and S-REITs. It’s designed to balance risk and returns, focusing on established Singaporean assets, which makes it an ideal solution for long-term wealth growth with low hassle.

What is the Singapore Investing Portfolio?

The Singapore Investing Portfolio is an SGD-denominated, SGX-traded portfolio by StashAway that is available to both retail and accredited investors. This portfolio is a convenient and diversified approach to investing in Singapore’s top assets, providing exposure across various asset classes. Here’s the current asset allocation as of 31 July 2024:

• 34% Corporate Bonds
• 24% Government Bonds
• 17% Singapore Equities
• 12% Cash Equivalents
• 12% Real Estate (REITs)
• 1% Cash

Diversified Portfolio of Singaporean ETFs

This portfolio consists of six carefully selected ETFs listed on the Singapore Exchange, representing various asset classes that contribute to its low-risk and balanced nature. These ETFs include:

• ABF Singapore Bond Index Fund (Government Bonds)
• Amova AM SGD Investment Grade Corporate Bond ETF (Investment-Grade Corporate Bonds)
• iShares Barclays USD Asia High Yield Bond Index ETF (Asia High Yield Bonds)
• AmovaAM Straits Times Index ETF (Large-Cap Singapore Stocks)
• Lion-Phillip S-REIT ETF (Singapore Real Estate Investment Trusts)
• Phillip SGD Money Market ETF (Cash Equivalents)

Why Choose the Singapore Investing Portfolio?

StashAway’s Singapore Investing Portfolio offers several advantages for investors seeking stability and growth within the Singapore market:

• No Minimum Investment: Ideal for investors of all levels, with no barriers to entry.
• No Foreign Exchange Risk: The portfolio is SGD-denominated, reducing currency risk.
• Professional Management: Managed by StashAway’s expert team with an optimized asset allocation strategy.

This portfolio is a straightforward way to gain diversified exposure to Singapore’s top assets without the need for constant management, making it an ideal choice for those looking to invest in Singapore’s growth with ease and confidence.

he Group