What happened?
Singapore stocks stayed resilient in August. The strong rally in last month was led by the banks, with
DBS and OCBC reaching record highs after their latest results, At the same time,
we highlighted that valuations, particularly for the banks, had moved well above their historical averages after the strong run. That made me more selective about where I would add rather than simply chasing stocks that had already rallied. With the Straits Times Index (STI) also reaching new highs, I recently looked at
five different ways to invest in Singapore stocks, from STI ETFs,
EQDP funds and active funds to picking individual companies myself. Interestingly, Yangzijiang Shipbuilding and OCBC were already among the
best-performing blue-chip stocks in July, and both made the list again in August. With some of these stocks continuing to outperform, members in the
Beansprout Community wondered whether there is still room for further gains, or whether much of the...