Top 10 Singapore large-cap stocks to watch in 2026
Singapore's largest public companies represent compelling opportunities for both traders and investors seeking exposure to established market leaders across diverse sectors. This guide examines the fundamental and technical performance of Singapore’s ten largest stocks by market capitalisation.
Important to know
This article is intended for educational and informational purposes only and does not constitute any form of investment advice. Please ensure that you understand the risks and consider your specific investment objectives, financial situation or particular needs before making a commitment to trade.
Key takeaways
- Singapore large-cap stocks offer CFD exposure to established companies with market capitalisations typically exceeding S$10 billion¹.
- CFD trading allows trading price movements without share ownership, with leverage amplifying both potential profits and losses.
IG Singapore also offers commission-free Singapore large-cap stock investing options via its newly launched IG Markets app.
What are Singapore large-cap stocks?
Singapore large-cap stocks refer to publicly listed companies on the Singapore Exchange (SGX) with market capitalisations typically exceeding S$10 billion. These firms are often regional powerhouses with diversified operations across Asia and beyond, spanning sectors such as banking, telecommunications, real estate, and consumer goods.
The most prominent representation of these stocks is found in Straits Times Index (STI), Singapore’s benchmark equity index. The STI tracks the performance of the top 30 companies listed on SGX by market capitalisation and liquidity.2 They include household names like DBS Group Holdings, Singapore Telecommunications (Singtel), and Keppel Corporation.
Trading vs investing in Singapore large-cap stocks
CFD trading with IG Singapore
For those seeking short-term exposure or tactical positioning, CFDs offer a flexible way to speculate on price movements without owning the underlying shares. IG Singapore’s CFD platform allows users to:
- Trade with leverage, amplifying both gains and losses
- Short sell, profiting from downward price movements
- Avoid direct ownership, meaning no voting rights or shareholder privileges
- Receive dividend adjustments, though not actual dividends
- Hold positions overnight, incurring financing costs in the process
CFD trading is typically suited for active traders who prioritise liquidity and directional bets over long-term capital appreciation.
Direct share investing via IG Markets app
For long-term investors, direct ownership of Singapore large-cap stocks provides exposure to dividend income, capital growth, and corporate governance participation. IG Singapore recently launched the IG Markets investing app, designed to simplify access to Singapore equities for retail investors. The app supports:
- Fractional share investing, lowering entry barriers
- Portfolio tracking and research tools
- Access to STI constituents and other SGX-listed stocks
The IG Markets app complements IG’s trading suite by offering a regulated, user-friendly gateway for long-term investing, aligning with the growing demand for passive and strategic equity exposure in Singapore.
Top 10 Singapore large-cap stocks to watch
Company
|
52-week low share price*
|
52-week high share price*
|
Available for CFD trading with IG?
|
Available for investing with IG Markets Singapore app?
|
|
S$36.30
|
S$60.00
|
✔
|
✔
|
Oversea-Chinese Banking Corporation (OCBC)
|
S$14.35
|
S$21.79
|
✔
|
✔
|
|
S$29.00
|
S$39.50
|
✔
|
✔
|
Singapore Telecommunications (Singtel)
|
S$3.25
|
S$5.03
|
✔
|
✔
|
|
S$5.00
|
S$10.24
|
✔
|
✔
|
|
S$5.90
|
S$7.63
|
✔
|
✔
|
|
S$5.61
|
S$12.94
|
✔
|
✔
|
|
S$0.66
|
S$0.80
|
✔
|
✔
|
|
S$11.50
|
S$19.20
|
✔
|
✔
|
|
S$2.78
|
S$3.63
|
✔
|
✔
|
*As of 18 February 2026
1. DBS Group Holdings (SGX: D05)
Sector: Banking and financial services
Market cap: S$161.5 billion
About the company: DBS Group is Singapore’s largest bank by assets, offering consumer, corporate, and wealth management services across Asia.
Latest earnings (Q4 2025):
- Net profit (Q4 2025): S$2.36 billion (−10% YoY)
- Full-year net profit: S$11.0 billion (−3% YoY)
- Dividend: S$0.81 per share (including capital return of S$0.15)
Trading data (February 2026):
- 200-day moving average share price: ~S$51.40
- Three‑month average daily volume: ~4.3 million shares
Analyst stock ratings and share price targets: DBS shares have been rated ‘buy’ by 44% of analysts polled by FactSet, with 38% rating it a ‘hold’, and the remaining 19% rating it a ‘sell’. The stock also received an average stock price target of S$60.18, equating to an upside potential of 6% in the next 12 months. (18 February 2026)
2. OCBC (SGX: O39)
Sector: Banking and financial services
Market cap: S$95.3 billion
About the company: OCBC is Singapore’s oldest bank, operating in 18 markets with strengths in consumer, SME, and wealth banking across ASEAN and Greater China.
Latest earnings (Q4 2025):
- Net profit (Q4 2025): S$1.98 billion (unchanged YoY)
- Nine months (9M) net profit: S$5.68 billion (−4% YoY)
- Net interest income: S$2.23 billion (-9% YoY)
Trading data (February 2026):
- 200-day moving average share price: ~S$17.74
- Three‑month average daily volume: ~4.6 million shares
Analyst stock ratings and share price targets: OCBC shares have been rated ‘buy’ by 47% of analysts polled by FactSet, with 41% rating it a ‘hold’, and 12% rating it a ‘sell’. The stock also received an average price target of S$21.20, implying that it is trading around its market fair value. (18 February 2026)
3. United Overseas Bank (SGX: U11)
Sector: Banking and financial services
Market cap: S$64.0 billion
About the company: UOB is a regional bank with over 500 branches in 19 countries, focused on ASEAN markets and expanding its renminbi (RMB) capabilities.
Latest earnings (Q3 2025):
- Net profit: S$443 million (-72% YoY)
- Operating profit: S$1.86 billion (-16% YoY)
- Net interest income: S$2.27 billion (-8% YoY)
Trading data (February 2026):
- 200-day moving average share price: ~S$35.60
- Three‑month average daily volume: ~2.9 million shares
Analyst stock ratings and share price targets: UOB shares have a majority ‘hold’ call (56% of analysts rated it as such), according to the latest FactSet insights published on the IG Markets mobile app. The stock is also trading near its 12-month average price target of S$38.10. (18 February 2026)
4. Singapore Telecommunications (SGX: Z74)
Sector: Telecommunications
Market cap: S$82.2 billion
About the company: Singtel is Singapore’s largest telco, offering mobile, broadband, enterprise, and IT services across Asia‑Pacific.
Latest earnings (Q3 FY2026):
- Operating revenue: S$3.66 billion (+0.9% YoY)
- Underlying net profit: S$744 million (+9.5% YoY)
- Group net profit: S$1.89 billion (+43.5% YoY, boosted by exceptional gains from Airtel stake sale)
Trading data (February 2026):
- 200-day moving average share price: ~S$4.28
- Three‑month average daily volume: ~20.1 million shares
Analyst stock ratings and share price targets: Singtel shares have a majority ‘buy’ rating (88% of analysts rated it as such), alongside an average stock price target of S$5.35, according to FactSet Insights published on the IG Markets mobile app. The price target means Singtel’s share price could rise a further 7.5% in the next 12 months. (18 February 2026)
5. ST Engineering (SGX: S63)
Sector: Engineering and technology
Market cap: S$31.9 billion
About the company: ST Engineering is a global technology and engineering group serving aerospace, defence, electronics, and smart city sectors.
Latest earnings (9M FY2025):
- Group revenue: S$9.1 billion (+9% YoY)
- Order book: S$32.6 billion (record high), with ~S$2.8 billion deliverable in the remainder of 2025
- Dividend: Interim dividend of S$0.04 per share (paid December 2025); proposed final dividend of S$0.06 per share and special dividend of S$0.05 per share, subject to AGM approval
Trading data (February 2026):
- 200-day moving average share price: ~S$8.42
- Three‑month average daily volume: ~4.5 million shares
Analyst stock ratings and share price targets: ST Engineering shares received a ‘buy’ rating by 43% of analysts polled by FactSet, with 36% rating it a ‘hold’, and 21% rating it a ‘sell’. The stock also has an average price target of S$9.70, equating to a downside potential of ~5% in the next 12 months. (18 February 2026)
6. Singapore Airlines (SGX: C6L)
Sector: Aviation
Market cap: S$22.1 billion
About the company: SIA is Singapore’s flagship carrier, operating a premium fleet across global routes with subsidiaries in budget and cargo aviation.
Latest earnings (Q2 FY2025/26):
- Group revenue: S$4.89 billion (+2.2% YoY, ‘record’ quarterly revenue)
- Operating profit: S$398 million (+22.5% YoY)
- Net profit: S$52 million (−82.1% YoY, impacted by associate company losses and weaker yields)
Trading data (February 2026):
- 200-day moving average share price: ~S$6.70
- Three‑month average daily volume: ~5.1 million shares
Analyst stock ratings and share price targets: SIA shares have a majority ‘hold’ call (64% of analysts rated it as such). The stock also received an average 12-month price target of S$6.35, implying a downside potential of 9%. (18 February 2026)
7. Keppel Corporation (SGX: BN4)
Sector: Energy, real estate, and asset management
Market cap: S$23.4 billion
About the company: Keppel is a diversified group with businesses in infrastructure, real estate, asset management, and data centres across Asia-Pacific.
Latest earnings (Full-year FY2025):
- Net profit: S$1.1 billion (+39% YoY)
- Return on equity: 18.7% (up from 14.9% in FY2024)
- Dividend: Proposed total distribution of ~S$0.47 per share (up 38% YoY)
Trading data (February 2026):
- 200-day moving average share price: ~S$9.07
- Three‑month average daily volume: ~3.7 million shares
Analyst stock ratings and share price targets: Keppel shares have a majority ‘buy’ rating, and average 12-month price target of S$13.13, implying that the stock is trading near its top currently. (18 February 2026)
8. Genting Singapore (SGX: G13)
Sector: Gaming and hospitality
Market cap: S$9.3 billion
About the company: Genting Singapore owns and operates Resorts World Sentosa (RWS), one of Singapore’s two integrated resorts, with casino, hotel, and entertainment assets.
Latest earnings (Q3 FY2025):
- Group revenue: S$649.8 million (+16% YoY)
- Adjusted EBITDA: S$222.7 million (+36% YoY)
- Net profit: S$94.6 million (+19% YoY)
Trading data (February 2026):
- 200-day moving average share price: ~S$0.73
- Three‑month average daily volume: ~44.8 million shares
Analyst stock ratings and share price targets: Genting Singapore shares have a majority ‘buy’ rating with 73% of analysts rating it as such. The stock also received an average price target of S$0.88, equating to an upside potential of 11% in the next 12 months. (18 February 2026)
9. Singapore Exchange (SGX: S68)
Sector: Financial services
Market cap: S$19.3 billion
About the company: SGX operates Singapore’s main securities and derivatives exchange, offering listing, trading, clearing, settlement, depository, data, and index services across multiple asset classes.
Latest earnings (H1 FY2026):
- Net revenue: S$695.4 million (+7.6% YoY)
- Net profit: S$357.1 million (+11.6% YoY)
- Interim quarterly dividend: S$0.11 (up from from S$0.09)
- Total H1 FY2026 dividends: 21.75 Singapore cents (+20.8% YoY)
Trading data (February 2026):
- 200-day moving average share price: ~S$16.28
- Three‑month average daily volume: ~2.5 million shares
Analyst stock ratings and share price targets: 50% of analysts polled by FactSet rated SGX shares a ‘buy’, with 31% rating it a ‘hold’, and 19% rating it a ‘sell’. The stock also has an average price target of S$18.61, equating to a small upside potential of 4% in the next 12 months. (18 February 2026)
10. Wilmar International (SGX: F34)
Sector: Agribusiness
Market cap: S$19.4 billion
About the company: Wilmar is a leading agribusiness group with integrated operations in palm oil, sugar, grains, and consumer products across Asia, with strong positions in China, India, and Indonesia.
Latest earnings (Q3 FY2025):
- Revenue: US$19.07 billion (+7.4% YoY)
- Net loss: US$347.7 million (due to Indonesia Supreme Court ruling)
- EBITDA: US$426.0 million (−53.4% YoY)
- Dividend: Interim dividend of S$0.04 (paid September 2025)
Trading data (February 2026):
- 200-day moving average share price: ~S$3.07
- Three‑month average daily volume: ~6.1 million shares
Analyst stock ratings and share price targets: Wilmar shares have a majority ‘hold’ call with 55% of analysts polled by FactSet rating it as such. The stock also received an average price target of S$3.13, implying a downside potential of over 12% in the next 12 months. (18 February 2026)
Singapore large-cap stocks trading and investing strategies
Singapore large-cap stock CFD trading strategies
► Day trading strategy
Day trading involves opening and closing positions within the same trading day. This strategy is particularly suitable for volatile stocks.
Advantages: No overnight financing charges, reduced exposure to gap risk, ability to capitalise on intraday volatility.
Considerations: Requires significant time commitment, faster decision-making and strong emotional discipline.
► Swing trading strategy
Swing trading involves holding positions for several days to weeks, aiming to capture medium-term price movements.
Advantages: Less time-intensive than day trading, ability to capture larger price movements, suitable for traders with other commitments.
Considerations: Exposure to overnight financing charges, gap risk over weekends, requires patience and discipline.
► Event-driven trading
This strategy focuses on trading around specific events like earnings announcements, product launches or regulatory decisions.
Advantages: Clear catalysts for price movements, well-defined risk/reward scenarios, ability to plan trades in advance.
Considerations: High volatility around events, potential for gap movements, requires thorough fundamental research.
What are stock CFDs?
Singapore large-cap stock investing strategies
► Long-term growth investing
Focuses on buying and holding companies with strong fundamentals and long-term potential, such as DBS.
Advantages: Potential for compounding returns over time, lower transaction frequency and costs.
Considerations: Requires patience and tolerance for market cycles, may underperform during economic downturns, while long holding periods mean delayed access to capital.
► Sector rotation
Involves shifting investments between sectors based on macroeconomic cycles—for example, rotating from tech to utilities during downturns.
Advantages: Tactical exposure to outperforming sectors, can enhance returns during economic transitions, useful for managing cyclical risk.
Considerations: Requires active monitoring of macro trends, timing mistakes can lead to underperformance, while sector ETFs may dilute exposure to top-performing stocks.
► Thematic investing
Focuses on long-term trends like AI, clean energy, or autonomous vehicles.
Advantages: Aligns with future growth narratives, offers exposure to innovation and disruption, can be diversified across multiple companies via ETFs.
Considerations: Themes may take years to materialise, high volatility and valuation risk, and requires conviction and long-term horizon.
Risk management and trading considerations
► Understanding leverage risks
CFD trading with leverage magnifies both potential profits and losses. A small adverse price movement can result in significant losses that exceed your initial deposit.
► Market volatility factors
Singapore large-cap stocks can be influenced by:
- Regional economic conditions
- US-China trade relations
- Global interest rate changes
- Sector-specific developments
► Overnight financing costs
Positions held overnight incur financing charges based on the underlying interest rate and the size of your position.
How to trade and invest in SG large-cap 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 Singapore large-cap 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
Singapore large-cap stocks FAQs
Are Singapore large-cap stock CFDs suitable for new traders?
Singapore large-cap stock CFDs can be suitable for new traders if they understand the risks and meet regulatory requirements—but they’re not beginner-friendly by default. MAS requires a Customer Knowledge Assessment (CKA) before access.
Can I receive dividends when trading CFDs on Singapore stocks?
No, CFD trading doesn't provide dividend payments as you don't own the underlying shares. However, dividend adjustments may be applied to your account for positions held over ex-dividend dates.
What is the minimum deposit required to start trading?
IG Singapore does not specify a minimum deposit requirement for opening an account, though certain trading activities may have minimum funding requirements.
Are there any restrictions on trading Singapore large-cap stocks?
Trading is subject to market hours and availability. Some stocks may have temporary trading restrictions during corporate actions or significant news events.
How volatile are Singapore large-cap stock CFDs?
Singapore large-cap stock CFDs are moderately volatile, with beta values typically between 0.4 and 0.7. Price swings are steadier than small caps, but leverage amplifies short-term moves, making risk management essential for traders.
What's the difference between CFD trading and stock investing?
CFD trading involves trading price movements without owning the underlying shares. You can use leverage and profit from both rising and falling markets. Stock investing involves purchasing actual shares, giving you ownership rights but requiring the full purchase price upfront.
Do I need a US brokerage account to invest in US stocks?
No. Platforms like IG Singapore’s IG Markets app let you invest in US stocks directly from Singapore.
Is Singapore-large stock investing suitable for beginners?
Yes, Singapore large-cap stock investing is generally suitable for beginners due to its stability, transparency, and dividend reliability. Blue-chip stocks like DBS, Singtel, and SGX offer lower volatility and consistent returns.
With fractional investing, zero commissions, and global brand exposure, platforms like IG Markets make US stock investing accessible to first-time investors in Singapore.
Am I entitled to receive dividends if I invest in Singapore large-cap stocks via IG Markets?
Yes, if you invest in Singapore large-cap stocks through IG Markets’ investing platform (not CFDs), you’re entitled to receive dividends. You’ll get the full dividend amount if you hold the shares by the ex-dividend date.
Are Singapore large-cap stock dividends taxed for Singapore investors?
No, dividends from Singapore large-cap stocks are not taxable for individual Singapore investors under the one-tier corporate tax system.
Footnotes:
1 Moomoo Singapore, "How to Buy Straits Times Index (STI) in Singapore 2025" - minimum market capitalisation of S$300 million for STI inclusion, https://www.moomoo.com/sg/learn/detail-straits-times-index-sti-in-singapore-93047-230116062
2 Singapore Exchange (SGX), "Straits Times Index (STI)" - tracks 30 most valuable Singapore companies, https://www.sgx.com/indices/products/sti
Important to know
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Chapters
- What are Singapore large-cap stocks?
- Trading vs investing in Singapore large-cap stocks
- Top 10 Singapore large-cap stocks to watch
- Singapore large-cap stocks trading and investing strategies
- Risk management and trading considerations
- How to trade and invest in SG large-cap stocks with IG Singapore
- Singapore large-cap stocks FAQs
Ready to trade and invest in Singapore large-cap stocks?
Connect with us
Disclaimers:
- All forms of investments carry risks, including the potential loss of all or part of your principal amount invested. The value of an investment product may rise or fall, and may also become valueless. Past performance is not indicative of future results. Please ensure that you fully understand, and are aware of, the risks and costs involved.
- Trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet.
- IG Asia Pte Ltd (Co. Reg. No. 200510021K)("IG") is regulated by the Monetary Authority of Singapore and holds a capital markets services licence.
- IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
- The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
- This advertisement has not been reviewed by the Monetary Authority of Singapore.
