BTS
12-26 16:53

Analysts at JPMorgan (JPM) anticipate that 2026 will serve as a significant inflection point for Singaporean stocks, driven by a rotation of massive local cash reserves back into the equity market as global interest rates decline

JPM is confident in DBS (D05) due to its robust wealth management growth, leading to expectations of continued share buybacks or special dividends in 2026

The selection by JPM focuses on a mix of defensive income, with DBS (D05) for growth, Keppel (BN4) for sustainability, CityDev (C09) for real estate, CapLand IntCom T (C38U) for REITs, ST Engineering (S63) for diversification, SEA Ltd (SE) for e-commerce, Singtel (Z74) for telecom, while UOB (U11) and YZJ Shipbldg SGD (BS6) are placed on the less-favored list due to competition and volatility, respectively。。。

The top picks for 2026 highlight companies positioned to capitalize on key growth sectors such as digital finance, green energy, and real estate

Tag :@Huat99  @Snowwhite  

DBS Hits New Highs! JPMorgan Releases 2026 SG Top Picks: Do You Agree?

@Tiger_SG：
$DBS(D05.SI)$ 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. output0.png Do you think DBS will continue to shine in 2026? How do you view JPMorgan’s Singapore top picks? For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
DBS Hits New Highs! JPMorgan Releases 2026 SG Top Picks: Do You Agree?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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