JPMorgan Agrees I'm A Genius! My 2026 Singapore Top Picks Review

🌟🌟🌟Well folks, it seems that my crystal ball was actually working in 2025!  As DBS hits yet another new high and JPMorgan releases their top picks for 2026, I can't help but feel a little smug and a lot grateful.  The best part? I am already invested in all 3 of their highlighted stocks.  I am happy to report that my portfolio is very much up because of them.

It is a beautiful moment when independent research validates my own "buy and hold strategy".  Here is a look at my personal "Dream Team" of Singapore stocks and their 2026 outlook.

My Winning Trio: DBS, CICT and ST Engineering 

JPMorgan has named 7 Singapore stocks as their Top Picks for 2026 including my current holdings: DBS, CICT and ST Engineering.  These are the reasons why they are absolute beauties for me in 2025:

DBS: The Growth and Dividend Yield Powerhouse:

$DBS(D05.SI)$  has been an absolute beast - in the best way possible.  It recently soared to a record high of SGD 56.34.  What is outstanding isn't just the price action.  It is the earnings resilience.

JPMorgan is so bullish that they have set a December 2026 price target of SGD 70, citing its ability to maintain a high Return on Equity or ROE and a potential SGD 3.30 annual dividend for years to come.  DBS is capitalising on a massive 9% surge in deposits to bolster net income margins, making it the undisputed anchor of my Singapore portfolio.

CICT: The Resilient Income Anchor:

$CapLand IntCom T(C38U.SI)$  is the definition of "rock solid".  In a year of macro uncertainty, CICT maintained a staggering 97.2 % occupancy rate.  The performance highlights are clear : gross revenue hit SGD 1.19 billion in the first 9 months of 2025.  Its recent acquisition of CapitaSpring is expected to drive even more growth into 2026.  With retail rental reversions jumping 7.8%, it is proving that high quality physical assets still have a massive place in a digital world.

ST Engineering: The Growth "Dark Horse"

If DBS is the anchor, $ST Engineering(S63.SI)$  is the jet fuel.   It delivered a total return of over 79% in 2025, hitting successive all time highs.  Its standout feature is the massive order book and clear long term guidance .  ST Engineering is eyeing SGD 17 billion in revenue by 2029.  Analysts love the double digit earnings per share growth, fueled by rising global demand in the Defense and Aerospace segments.

Do I Agree With JPMorgan's 2026 Outlook?

With my current gains, I am inclined to say that JPMorgan and I are in the same wavelength!

JPMorgan foresees a strong upside for Singapore equities in 2026, driven by a much larger than average SGD 70 billion cash pile rotating from deposits into the stock market.

However my real lesson from 2025 has been humility(especially after my crypto stock adventures).  While the analysts' targets are exciting (DBS at SGD 70), I will maintain my "Beauty and the Beast" approach : Be grateful for the robust performance of my reliable core holdings but keep a close eye on market volatility.

A Different Kind of Dividend 

As I close the books on this 2025 review, I have realised that the greatest dividend I received was not a ticker symbol.  It was the perspective I gained.

While I spent months obsessing over the green of the charts and the red of the "beasts", I am reminded that even the best laid financial plans are just the backdrop to a well lived life.

This year I am focusing on a different kind of compounding: the warmth of old traditions , the joy and  happiness of a full house of loved ones and the quiet peace that comes when I realise that I already have everything I need.

May your 2026 be defined not just by the numbers in your portfolio but by the richness of your family and friends and the small everyday wonders that no analyst could ever predict.

Merry Christmas to Everyone In This Wonderful Tiger Community.  🥰🥰🥰🎅🎅🎅🌈🌈🌈💰💰💰

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