Introduction
Singapore’s economy is expected to continue to grow in the years to come, driven by strong fundamentals and a favorable business environment. As such, investors are looking for the best Singapore stocks to buy for 2021 and beyond. In this article, we will discuss 10 of the best Singapore stocks to buy, based on their financial performance, growth prospects, and valuation.
1. DBS Group Holdings Ltd
DBS Group Holdings Ltd (SGX: D05) is the largest bank in Singapore and Southeast Asia. The bank has a strong track record of financial performance, with a compound annual growth rate (CAGR) of 10% in earnings per share over the past five years. DBS is also well-positioned for growth, with a focus on digital banking and wealth management.
2. Singtel
Singtel (SGX: Z74) is a leading telecommunications company in Singapore and the Asia-Pacific region. The company has a strong market share in Singapore’s mobile, broadband, and pay-TV markets. Singtel is also expanding into new areas, such as digital health and cyber security.
3. United Overseas Bank Ltd
United Overseas Bank Ltd (SGX: U11) is the second-largest bank in Singapore. The bank has a strong presence in Southeast Asia, with operations in 19 countries. UOB is focused on providing a wide range of banking and financial services to its customers.
4. CapitaLand Ltd
CapitaLand Ltd (SGX: C31) is one of the largest real estate companies in Asia. The company has a diversified portfolio of properties, including residential, commercial, and industrial properties. CapitaLand is also expanding into new markets, such as China and Vietnam.
5. Genting Singapore Ltd
Genting Singapore Ltd (SGX: G13) is a leading gaming and entertainment company in Singapore. The company operates two integrated resorts in Singapore, Resorts World Sentosa and Marina Bay Sands. Genting Singapore is also expanding into new markets, such as Japan and the United States.
6. Wilmar International Ltd
Wilmar International Ltd (SGX: F34) is one of the largest agribusiness companies in the world. The company is involved in the entire agricultural value chain, from farming and processing to packaging and distribution. Wilmar is also expanding into new markets, such as China and India.
7. City Developments Ltd
City Developments Ltd (SGX: C09) is a leading property developer in Singapore. The company has a diversified portfolio of residential, commercial, and industrial properties. City Developments is also expanding into new markets, such as China and Australia.
8. Jardine Matheson Holdings Ltd
Jardine Matheson Holdings Ltd (SGX: J36) is a leading conglomerate with operations in a variety of industries, including property, retail, and financial services. The company has a strong presence in Asia, with operations in 40 countries. Jardine Matheson is also expanding into new markets, such as China and India.
9. Singapore Technologies Engineering Ltd
Singapore Technologies Engineering Ltd (SGX: S63) is a leading engineering and technology company in Singapore. The company has a strong track record of financial performance, with a CAGR of 12% in earnings per share over the past five years. ST Engineering is also well-positioned for growth, with a focus on aerospace, defense, and smart city solutions.
10. Oversea-Chinese Banking Corp Ltd
Oversea-Chinese Banking Corp Ltd (SGX: O39) is the third-largest bank in Singapore. The bank has a strong presence in Southeast Asia, with operations in 18 countries. OCBC is focused on providing a wide range of banking and financial services to its customers.
Conclusion
These are just a few of the best Singapore stocks to buy for 2021 and beyond. These companies have strong financial performance, growth prospects, and valuations. Investors should consider adding these stocks to their portfolios for long-term growth.
Additional Tips for Investing in Singapore Stocks
- Do your research. Before investing in any stock, it is important to do your research and understand the company’s business, financial performance, and growth prospects.
- Diversify your portfolio. Don’t put all your eggs in one basket. Diversify your portfolio by investing in a variety of stocks from different industries and sectors.
- Invest for the long term. The stock market is volatile in the short term. However, over the long term, stocks have outperformed other investments, such as bonds and cash. Invest for the long term and ride out the ups and downs of the market.
Disclaimer
This article is for informational purposes only. It is not intended to be investment advice. Please consult with a financial advisor before making any investment decisions.
