$DBS(D05.SI)$ $OCBC Bank(O39.SI)$ $JPMorgan Chase(JPM)$ $UOB(U11.SI)$ $Singtel(Z74.SI)$ Singapore's banking beasts are on a rampage, with DBS smashing a fresh high of $56.34 today on December 24, 2025, capping a stellar 36% year-to-date surge that's left investors buzzing on wealth-management fees exploding 25% in Q3 and dividend yields locking in 4.2% for that sweet cash flow drip. OCBC's not far behind, hitting $19.47 on balanced growth from insurance arms like Great Eastern premiums up 18% and AUM at $280 billion β this defensive duo's resilience shines bright amid global jitters, offsetting NIM squeezes from falling rates with rock-solid capital returns and buybacks fueling EPS growth 15% into next year. π€π
JPMorgan's dropping fire with their 2026 top Singapore picks, spotlighting seven powerhouses set to crush as ASEAN rebounds with 5% GDP kicks from stimulus waves in China and India. DBS leads the pack on wealth inflows offsetting rate dips, with Keppel riding infrastructure booms from data centers adding $2B rev if AI capex hits $400B. City Developments surges on real estate revival, CapitaLand Integrated Commercial Trust locks 5.1% yields on commercial dominance, ST Engineering blasts defense contracts like Navy frigates for 15% upside, Sea dominates e-com with $22B rev est, and Singtel dials in 5G networks for 12% growth. These picks scream value at 13x forward PE average, undervalued vs US 25x amid dollar dips to 94 unlocking EM inflows 10%. But UOB and Yangzijiang Shipbuilding land on the least-favored list β UOB's ASEAN exposures crimp on volatility, while Yangzijiang's shipbuilding slows 8% on trade wars. JPM's call nails it: Singapore's hub status cushions tariffs, making these stars reliable compounders for patient holders. ππͺ
DBS shining in 2026? Absolutely β wealth AUM at $280B surges 18% on high-net-worth floods, dividends buffer 4.2% amid rate falls, and buybacks add EPS nitro for $70 targets if loan growth rebounds 8%. This boring reliability turns defensive plays into quiet wealth builders, outpacing volatile tech like Nvidia's 4% dip amid AI funding fears. JPM's picks hit home too β Sea's e-com edge crushes with 20% rev pops if adoption doubles, Singtel's 5G unlocks $5B if networks scale, but skip UOB's 4.8% yield if regional slowdowns bite. These selections blend growth like Keppel's infra with stability like CapitaLand's trusts, perfect for portfolios hedging tariff spikes. Emerging Asia's glow at 10.3% forecast trounces US 6.5%, making Singapore's mix a must-hold. Who's stacking these for 2026 dominance? π
JPM 2026 Singapore Top Picks Power Table π
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