Top growth stocks to watch in 2026
Growth stocks can deliver strong returns by prioritising expansion over short-term profits. Learn how to identify, evaluate, and trade and invest in Singapore’s most promising growth stocks in this regularly updated guide.
Important to know
This article is for informational purposes only and does not constitute investment or trading advice. Please ensure you understand the risks and consider your individual circumstances before trading.
Key takeaways
- Growth stocks aim for above-average expansion, often reinvesting profits to drive future growth.
Singapore offers diverse growth opportunities, from technology and finance to consumer sectors.
You can trade growth stocks on IG Singapore via CFDs, or invest in them via the IG Markets app.
What are growth stocks?
Growth stocks are companies expected to increase their earnings and revenue faster than the market average. Instead of paying high dividends, they usually reinvest profits into expanding operations, launching new products or entering new markets.
Common traits include:
- Strong revenue growth year-on-year
- Competitive advantages, such as unique technology or dominant market position
- High price-to-earnings (P/E) ratios compared to peers, reflecting investor confidence in future potential
Growth stocks can be found in various sectors - from tech start-ups to established companies entering new high-growth industries.
Why trade and invest in growth stocks in Singapore?
Singapore’s economy is a hub for finance, technology, logistics and consumer industries. The Singapore Exchange (SGX) lists both homegrown growth companies and multinational firms with strong expansion plans in Asia.
Trading/ investing in growth stocks in Singapore offers:
- Regional exposure: Access to fast-growing ASEAN and Asia-Pacific markets
- Sector diversity: From REIT-linked growth plays to cutting-edge fintech and biotech firms
- Liquidity and regulation: SGX-listed stocks benefit from strong market oversight and relatively high trading volumes
With IG Singapore, you can also access international growth stocks alongside local ones, via CFD share trading, or direct ownership of shares via the IG Markets investing app.
Quick fact
Between July 2024 and June 2025, SGX's Securities Daily Average Value (daily trading volume) grew by 27% year-on-year to S$1.3 billion a day.
Risks of trading and investing in growth stocks
While growth stocks can outperform in bull markets, they carry higher volatility and risk.
Key risks include:
- Valuation risk: High P/E ratios can make prices vulnerable to sharp drops if earnings disappoint
- Market cycles: Growth stocks often underperform during economic slowdowns
- Company-specific risk: Expansion plans may fail, leading to slower revenue growth or losses
Mitigating risk involves diversification, using stop-loss orders, and keeping position sizes manageable.
Top 5 growth stocks to watch in Singapore
Company name
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Market capitalisation*
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Market cap change in 2025*
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Available for CFD trading with IG
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Available for investing with IG Markets app?
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S$160 billion
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+28%
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✔
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S$4.6 trillion
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+16%
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S$1.9 trillion
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+19%
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✔
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✔
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S$2.1 trillion
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+10%
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S$19.4 billion
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+51%
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*As of December 2025
1. DBS Group Holdings (SGX: D05)
Sector: Banking and financial Services
Market cap: S$160 billion
Financial highlights: DBS Group saw Q3 2025 profit before tax rise 1% year-on-year (YoY) to a record S$3.48 billion, while net profit came in at S$2.95 billion, 2% lower due to higher global minimum tax. For the first nine months of 2025, both total income and profit before tax reached new highs of S$17.6 billion and S$10.3 billion respectively.
Cash position: DBS maintained a strong capital position with a Common Equity Tier-1 (CET1) ratio of 16.9% as of Q3 2025. The bank’s total assets stood at S$882 billion, reflecting continued growth in deposits and loans. Return on equity remained healthy at approximately 17.1% for the quarter.
Share price: DBS shares gained nearly 30% in 2025, outperforming the broader Straits Times Index. In December 2025, the stock traded at a price-to-earnings (P/E) ratio of 14.3 times (against a five-year average of 10.24 times) and price-to-book (P/B) ratio of 2.3 times (against a five-year average of 1.5 times).
Analyst ratings and stock price target: UOB analysts maintained a ‘hold’ rating on DBS shares with a share price target of S$52.80, citing that DBS’ FY2025 net profit is ‘expected to be lower’ than FY2024 levels. Meanwhile, OCBC, RHB, and Maybank analysts raised their price targets on the DBS stock while keeping ‘buy’ ratings unchanged.
2. Microsoft Corporation (NASDAQ: MSFT)
Sector: Cloud computing and software
Market cap: US$3.6 trillion (S$4.6 trillion)
Latest earnings: Microsoft Q1 FY2026 revenue rose 18% YoY to US$77.7 billion. Unadjusted net profit increased 12% YoY to US$27.7 billion, while diluted earnings per share (EPS) grew 13% YoY to US$3.72. The tech giant’s outperformance was mainly driven by Azure cloud services, which saw a 40% YoY revenue increase.
Cash position: Microsoft maintained over US$102.0 billion in cash, cash equivalents, and short-term investments as of 30 September 2025. This is up from the US$94.6 billion recorded three months prior. The company also generated a free cash flow of US$45.1 billion during the quarter, up by 32% YoY.
Share price: Microsoft shares gained as much as 32% in 2025. The company joined chipmaker Nvidia in the exclusive US$4 trillion market cap club. The stock has a five-year average P/E ratio of 35.5 times, in line with other big tech firms.
Analyst ratings and stock price targets: Wedbush’s Dan Ives reaffirmed an ‘outperform’ rating with a US$625 price target, citing Microsoft as ‘one of our favorite large-cap tech names’ heading into 2026. Meanwhile, TD Securities issued a more cautious ‘hold’ with a US$490 target, citing valuation concerns.
3. Tesla Inc. (NASDAQ: TSLA)
Sector: Electric vehicles and energy solutions
Market cap: US$1.4 trillion (S$1.9 trillion)
Latest earnings: Tesla's Q3 2025 revenue rose 12% YoY to US$28.1 billion, driven by record vehicle deliveries of 497,099 units (+7% YoY) and record energy storage deployments of 12.5 GWh (+81% YoY). Adjusted net income (profit) attributable to common stockholders was US$1.37 billion (-37% YoY), while adjusted net income (profit) came in at US$1.77 billion (-29% YoY).
Cash position: Tesla ended Q3 2025 with US$41.6 billion in cash, cash equivalents, and investments, up US$4.9 billion sequentially due to strong free cash flow generation. Operating cash flow was US$6.2 billion, while free cash flow reached a record US$3.99 billion (+46% YoY).
Share price performance: Tesla shares rallied 19% in 2025, closing at US$450 on 31 December 2025. The stock traded at a P/E ratio of 300 times, above its five-year average of 216 times. P/S ratio stood at 16.6 times, roughly consistent with historical levels.
Analyst ratings and stock price targets: UBS reiterated a ‘sell’ call on 23 December 2025, while Canaccord Genuity Group had a ‘buy’ rating alongside a higher share price target of US$551 (from US$482). The 12-month consensus outlook based on FactSet insights published on the IG Markets Singapore app is ‘buy’ with a 12-month average price target of US$422.
4. Meta Platforms (NASDAQ: META)
Sector: Social media and AI software
Market cap: US$1.7 trillion (S$2.1 trillion)
Latest earnings: Meta Platforms' Q3 2025 revenue grew 26% YoY to US$51.24 billion, driven by higher ad impressions (+14% YoY) and a 10% increase in average ad prices. Net income (profit) fell sharply to US$2.71 billion (-83% YoY) due to a one-time, non-cash tax charge of US$15.93 billion linked to the US.
Cash position: Facebook's parent company ended Q3 2025 with US$44.5 billion in cash, cash equivalents, and marketable securities, down from US$45.1 billion a year earlier. Operating cash flow was US$30 billion, while free cash flow stood at US$10.6 billion, reflecting heavy capital expenditures of US$19.4 billion on AI infrastructure and data centers.
Share price performance: Meta shares rose by 10% in 2025, closing at US$660 on 31 December 2025. The stock traded at a P/E ratio of 29.2 times, in line with big tech peers. P/S ratio stood at 9.0 times, slightly above the stock’s three-year average of 8.3 times.
Analyst ratings and stock price targets: The Meta stock have a 12-month average rating of ‘buy’ (92% of analysts according to FactSet insights published on the IG Markets Singapore app) and price target of US$838 (upside of 27%).
5. Keppel Ltd. (SGX: BN4)
Sector: Asset management and infrastructure
Market cap: S$19.4 billion
Financial highlights: Keppel Ltd. reported a net profit increase of over 25% YoY in the first nine months of 2025 (9M 2025) for the ‘New Keppel’, excluding discontinued operations and the non-core portfolio. Overall net profit rose more than 5% YoY even after accounting for the proposed divestment of M1’s telecommunications business.
Cash position: Keppel announced about S$2.4 billion in asset monetisations in 9M 2025, including S$1.3 billion from the proposed divestment of M1’s telco business. Since 2020, total monetisations have reached S$14 billion.
Share price performance: Keppel shares rallied over 50% in 2025, closing at S$10.33 on 31 December 2025. The stock traded at a P/E ratio of 21.0 times, well above its five-year average of 3.7 times. The stock’s P/B ratio stood at a reasonable 1.7 times, suggesting potential further upsides.
Analyst ratings and stock price targets: Keppel shares have an overall rating of ‘buy’ and 12-month average price target of S$12.06, based on ratings from 11 analysts surveyed by FactSet.
How to trade and invest in growth stocks with IG Singapore
CFD share trading
- Create a live or demo account
- Find an opportunity among one of our 10,000+ stocks with our stock screener
- Click ‘buy’ to go long or ‘sell’ to short
- Set your position size
- Take steps to manage your risk
- Open and monitor your position
Investing
- Open an account via IG Markets Singapore app
- Search for meme stocks on the app
- Choose the shares you want to buy
- Determine how many shares you want to purchase
- Place your order
- Monitor your investment and collect any dividends
FAQs about growth stocks
What is a growth stock example in Singapore?
An example could be a Singapore-listed tech or healthcare firm expanding rapidly in Asia, with earnings growth outpacing the SGX average.
Are growth stocks risky?
Yes. Growth stocks can be more volatile than mature companies and may fall sharply if earnings miss expectations or market sentiment shifts.
How do I choose growth stocks?
Look for companies with:
- Strong and consistent revenue growth
- A scalable business model
- Competitive advantages in their sector
Growth stocks vs value stocks – what’s the difference?
Growth stocks focus on high future earnings potential and often have higher valuations. Value stocks are seen as undervalued based on fundamentals and may offer steadier returns.
Do growth stocks pay dividends?
Most growth stocks reinvest earnings into business expansion, so dividends are small or absent. Some mature growth companies may still pay modest dividends.
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