Singapore’s stock market is heading towards record territory, as seen from the benchmark Straits Times Index (SGX: ^STI), which is close to hitting the 5,000-mark.
This strong showing is sparking both optimism and anxiety among investors.
When markets are near all-time highs, there is a risk that investors might overpay in terms of valuation for companies.
In this article, we highlight three Singapore stocks worth watching as the market pushes higher — and explain why they stand out even at elevated levels.
What Matters When Markets Are Near Highs
Given that the market is now bullish, investors should see valuation discipline as a key consideration as you will not want to overpay.
Look at areas such as earning resiliency, balance sheet strength, dividend sustainability, and the ability to grow through economic cycles when valuing a company.
BRC Asia Limited (SGX: BEC)
Incorporated in 1938, BRC Asia Limited (BRC Asia) is a leading Pan-Asia prefabricated reinforcing steel solutions provider headquartered in...