Reward 500 Tiger-coins$DBS(D05.SI)$ has recently continued to set new highs, with its share price up 36% year to date. As both DBS and OCBC delivered exceptional performance in 2025, can investors continue to hold these names into 2026?
Some institutions expect the financial sector to remain a key beneficiary under Trump-era policies. During Trump’s previous presidency, deregulation in the financial sector helped drive a sharp rally in major bank stocks.
JPMorgan believes there is significant upside potential for Singapore equities in 2026.
According to JPMorgan analysts, ASEAN equity markets are approaching a turning point in 2026. After years of underperformance, corporate earnings and valuations are expected to recover simultaneously.
The Monetary Authority of Singapore (MAS) has also introduced supportive policy measures. JPMorgan argues that the current market rally “still has a long way to go.” With new initiatives such as the SGD 5 billion Equity Market Development Programme and the SGX–Nasdaq dual-listing connectivity framework, the return on equity (ROE) of Singapore-listed companies could rise to a historical high of 12%, up from around 10% currently.
At the same time, global fund allocation to Singapore equities remains relatively low. Meanwhile, as much as SGD 70 billion in excess cash is gradually rotating from bank deposits into equities, providing strong structural support for the stock market.
JPMorgan has named DBS, $Keppel(BN4.SI)$ , $CityDev(C09.SI)$ , $CapLand IntCom T(C38U.SI)$ , $ST Engineering(S63.SI)$ , $Sea Ltd(SE)$ , and $Singtel(Z74.SI)$ as its top Singapore stock picks for 2026.
By contrast, $UOB(U11.SI)$ and $YZJ Shipbldg SGD(BS6.SI)$ were placed on its less-favored list.
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Do you think DBS will continue to shine in 2026?
How do you view JPMorgan’s Singapore top picks?
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Comments
对于新投资者来说，你知道吗，除了 $Sea Ltd(SE)$ 另外6只股票在STI ETF上市？
SEA是唯一在纽约证券交易所上市的股票。SEA通过其电子商务(Shopee)、数字娱乐(Garena)和金融科技(SEA Money)部门提供爆炸性增长潜力。SEA适合那些愿意承受更多波动性和外汇风险的投资者。
$STI ETF(ES3.是的)$ 度过了令人惊叹的一年&迄今为止，回报率达到了惊人的27%。
多年来，新加坡市场经常被忽视，取而代之的是更耀眼的美国科技增长，但现在不再是这样了。
我很高兴2025年对新加坡市场来说是伟大的一年。2026年5月对新加坡来说又是非凡的一年。🌈🌈💰💰
@Tiger_comments @Tiger_SG @TigerStars @TigerClub @老虎船长
I’m aligned with JPMorgan’s constructive view on Singapore equities. Supportive MAS policies, market development initiatives, and low global allocations suggest the market rerating still has room to run into 2026.
JPMorgan’s top picks look balanced, with Keppel $Keppel(BN4.SI)$ , CapitaLand Integrated Commercial Trust $CapLand IntCom T(C38U.SI)$ , ST Engineering $ST Engineering(S63.SI)$ , and Singtel $Singtel 10(Z77.SI)$ offering stability, while Sea adds growth. For 2026, I would stay overweight quality banks like DBS and selectively add defensives and regional growth names.
@Tiger_comments @TigerStars @Tiger_SG
JPMorgan should have pick Frasers Ctr Pt Trust as well in view that it is the biggest suburban retail mall owner in SG. Just go to mall like North point or Nex. They are like full of crowd everyday. Cheers. [Smile] [Shy] [Tongue]