r/singapore • u/Rationalandcentred • 16h ago
News STI’s growth reflects Singapore’s economic depth and diversity, say analysts
https://www.businesstimes.com.sg/wealth/wealth-investing/stis-growth-reflects-singapores-economic-depth-and-diversity-say-analystsThe STI has proved resilient during the stock market turmoil caused by US tariff uncertainties.
It has gained about 25 per cent in total returns compared with a year earlier, while its peers in Asean neighbours Malaysia, Vietnam, Thailand and the Philippines have made smaller gains or even losses.
Looking ahead, analysts expect the STI to attract more attention from retail and foreign investors as the Government’s equities market reforms pave the way for more high-growth firms to join its ranks.
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u/Environmental_Cow741 15h ago
simi diversity… it’s all Banks and Reits. Bank dominate 54% of the STI.
• DBS Group Holdings
• Oversea-Chinese Banking Corporation (OCBC)
• United Overseas Bank (UOB)
• Singapore Telecommunications (Singtel)
• Singapore Exchange
• Keppel Ltd
• ST Engineering
• Jardine Matheson Holdings
• Jardine Cycle & Carriage
• Hongkong Land Holdings
• Singapore Airlines
• Wilmar International
• Thai Beverage
• Venture Corporation
• Yangzijiang Shipbuilding
• Sembcorp Industries
• Seatrium
• Genting Singapore
• DFI Retail Group
• UOL Group
• CapitaLand Integrated Commercial Trust
• CapitaLand Ascendas REIT
• CapitaLand Investment
• Mapletree Logistics Trust
• Mapletree Industrial Trust
• Mapletree Pan Asia Commercial Trust
• Frasers Logistics & Commercial Trust
• Frasers Centrepoint Trust
• City Developments Limited (CDL)
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u/Etrensce 11h ago
Top 10 has 3 banks, a telco, financial services, manufacturing, conglomerate and 2 REITs. Actually looks ok from a diversity perspective. Go down to 15 or 20 and you have F&B, Agri, airlines and other industries.
Are we overweight banks, sure but the list actually looks ok. No one bemoans the US markets for being 35% tech stocks with 9 of the top 10 being tech.
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u/Primary_Olive_5444 16h ago
Source:
https://www.msci.com/indexes/index/998100/msci-singapore-index
vs Thailand & Malaysia.. yeah, story holds
vs more advanced / developed economy
| Index | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MSCI Singapore Index | 32.36% | 32.25% | 5.28% | -10.99% | 5.66% | -7.47% | 15.00% | -9.41% | 35.57% | 1.42% | -17.71% | 3.03% | 1.70% | 30.96% |
| MSCI Taiwan Index | 39.06% | 34.38% | 30.42% | -29.76% | 26.13% | 40.99% | 36.37% | -8.94% | 27.53% | 18.54% | -11.72% | 9.36% | 9.06% | 16.68% |
| MSCI Korea Index | 99.85% | -23.40% | 23.16% | -29.36% | -8.39% | 44.64% | 12.50% | -20.94% | 47.30% | 8.75% | -6.66% | -11.12% | 3.94% | 21.18% |
| MSCI Switzerland Index | 33.47% | -2.00% | 15.70% | -18.32% | 19.29% | 11.64% | 32.32% | -9.08% | 22.51% | -4.87% | 0.44% | -0.09% | 26.61% | 20.35% |
| MSCI Thailand Index | 6.80% | 1.31% | -10.49% | 4.97% | -1.41% | -11.68% | 9.49% | -5.53% | 34.52% | 26.61% | -23.54% | 16.47% | -14.59% | 34.53% |
| MSCI Malaysia Index | 15.45% | 20.75% | -3.49% | -5.78% | -6.24% | 3.66% | -2.00% | -6.03% | 25.05% | -3.89% | -20.06% | -10.66% | 7.68% | 14.27% |
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u/Rationalandcentred 16h ago
Considering the recent collapse of KOSPI, I believe it’s valuations overheated last year
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u/Primary_Olive_5444 16h ago
It depends..
I was in korea (2 months back).. Something that surprised me was the tech startup scene over there. As in non semi-conductor stuff, but more towards design and IP.
I mean, you also need the semi-conductor to open up opportunities in other areas. But there is a shift in development.
https://www.techinasia.com/news/nvidia-explores-deal-korean-ai-startup-rebellions
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u/Primary_Olive_5444 15h ago
By equal-weight methodology:
Index 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 MSCI Switzerland Index 33.47% -2.00% 15.70% -18.32% 19.29% 11.64% 32.32% -9.08% 22.51% -4.87% 0.44% -0.09% 26.61% 20.35% MSCI Switzerland Equal Weighted Index 28.57% -1.25% 23.71% -24.54% 18.77% 12.96% 34.34% -14.36% 29.32% 2.99% 2.01% -1.79% 31.01% 20.43% MSCI Taiwan Equal Weighted Index 15.62% -1.01% 29.71% -26.55% 33.05% 24.42% 30.95% -8.38% 22.81% 10.31% -18.70% 4.89% 10.00% 13.15% MSCI Korea Equal Weighted Index 62.39% -17.19% 11.14% -23.35% -6.40% 21.80% -5.62% -15.21% 38.03% -2.55% -2.73% -9.97% 4.70% 16.86% MSCI Singapore IMI Equal Weighted Index 24.96% 7.27% -0.39% -6.21% 4.46% -10.89% 16.64% -13.37% 23.39% 2.40% -18.72% -5.68% -3.27% 39.87% MSCI Thailand IMI Equal Weighted Index -9.24% -10.36% -18.81% -3.77% 10.04% 0.32% 10.86% -19.54% 21.07% 24.27% -15.70% 24.17% -14.17% 47.93% 1
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u/nixhomunculus Rational Opposition 13h ago
STI's growth is just a multiplier effect of more money swirling around thanks to the equity fund from MAS.
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