What happened?
Earlier, we shared 3 blue chip Singapore stocks that performed well in 2023.
This led some investors to ask whether there are smaller-sized companies that generated returns that exceeded the Singapore market last year
After all, we saw limited gains in the Straits Times Index (STI) once again.
For investors who have the ability to identify hidden gems in the Singapore market, an investment into the following stocks would have generated a decent return in 2023.
Let us find out what are some of the smaller-sized companies that delivered an impressive share price performance last year.
Three of the top-performing Singapore stocks for 2023
#1 – Delfi Limited (SGX: P34)
Delfi manufactures and distributes branded food and beverage products that are sold in 17 countries such as Indonesia, Singapore, the Philippines, and Malaysia.
The group owns established brands such as SilverQueen, Delfi and Ceres which are household names in Indonesia, as well as distributes agency brands in the region....