What happened?

Singapore blue chips had a strong first half. The Straits Times Index (STI) repeatedly touched fresh all-time highs this year, reaching 5,241 points on 23 June.  The rally was supported by resilient bank earnings, a structural re-rating of SGX, and Singapore’s perceived safe-haven status amid geopolitical uncertainty in the Middle East.  Earlier, we looked at DBS, OCBC and UOB as they hit record highs, and which bank looks strongest for income.  We also highlighted SATS, DBS and Venture as the best-performing blue chips in May. At the same time, the gains have not been evenly spread across the market. We noted that Seatrium’s share price lagged the STI even as its turnaround progressed.  As we enter 2H 2026, investors may be wondering whether the strongest Singapore blue chip stocks can continue to outperform, or whether some of the good news has already been priced in.  In this article, we...