Top 5 blue-chip stocks to watch in Singapore in 2026

What are blue-chip stocks?

Blue-chip stocks in Singapore refer to shares of well-established, financially stable, and reputable companies that are listed on the Singapore Exchange (SGX). These companies typically have a long history of consistent performance, strong market capitalisation, and a proven track record of delivering reliable returns to investors.

Blue-chip stocks are typically considered the cornerstone of a conservative investment portfolio, as they tend to exhibit lower volatility compared to smaller or less established firms.

In Singapore, blue-chip stocks are usually represented by the Straits Times Index (STI), which tracks the performance of the top 30 companies listed on the SGX. These companies operate across various industries such as banking, real estate, telecommunications, and consumer goods, offering diversification to investors.

Examples of prominent Singapore blue-chip stocks include DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC), Singapore Telecommunications (Singtel), and CapitaLand Group.

Trading blue-chip stocks is generally viewed as a safer, long-term strategy. They provide steady dividends and are less susceptible to market fluctuations, making them appealing to both new and experienced traders. However, it’s essential to conduct thorough research because no investment is entirely risk-free, even among blue-chip companies. Their stability makes them a core choice for those seeking reliable growth and income in their portfolios.

Why trade and invest in Singapore blue-chip stocks?

Trading and investing in blue-chip stocks offers several advantages. 

First, these high-profile stocks provide relatively high liquidity, which allows investors to enter and exit positions efficiently. 

Second, many of these companies pay regular dividends, making them attractive to income-focused investors. For example, banks such as DBS and OCBC have maintained dividend yields above regional averages, while real estate managers like CapitaLand Investment have distributed steady payouts. 

Third, blue-chip stocks often serve as defensive holdings during periods of market volatility, given their diversified operations and established customer bases. For longer-term participants, they offer exposure to sectors central to Singapore’s growth, including finance, aviation, telecommunications, and property.

For traders, these stocks present opportunities to capture short-term price movements through contracts for difference (CFDs), supported by high daily trading volumes.

With IG Singapore, you can first own the shares directly via the IG Markets app, and then use our classic share CFD offering to hedge against any opposing moves. 

For example, an investor or longer-view trader who is long on DBS shares can use CFDs to short the same stock intraday to protect against downside moves, or use STI futures to hedge a portfolio of multiple blue‑chip holdings.

Top 5 Singapore blue-chip stocks to watch
 

1. DBS Group Holdings Ltd (SGX: D05)

Sector: Banking and financial services
Market cap: S$161 billion (April 2026)

Overview: DBS Group is Singapore’s largest bank, with operations across 19 markets. 

Financial performance (FY2025):

• Group net profit: S$11.0 billion, down 3% YoY due to higher tax expenses from global minimum tax.
• Profit before tax (PBT): Record high of S$13.1 billion, slightly higher YoY.
• Total income: S$22.9 billion, up 3% YoY, driven by fee income and treasury customer sales.
• Net interest income: S$14.5 billion, modestly higher; net interest margin narrowed 12 bps to 2.01%.
• Earnings per share (EPS): S$2.95.
• Return on equity (ROE): 16.2%.
• Cost‑income ratio: Stable at 40%.

Dividend payout:

• Total dividend for FY2025: S$3.06 per share (S$2.46 ordinary + S$0.60 capital return), up 38% YoY.
• Capital return plan (FY2026 and FY2027): S$0.15 per share per quarter, barring unforeseen circumstances.

Other financial / business metrics to note:

• Loans (constant currency): S$445 billion, up 6% YoY.
• Customer deposits: S$610 billion, up 12% YoY — largest absolute increase in DBS history.
• Non‑performing loan (NPL) ratio: Stable at 1.0%.
• CET1 capital ratio (transitional): 17.0%.
• CET1 capital ratio (fully phased‑in): 15.0%.
• Liquidity coverage ratio: 155%; net stable funding ratio: 117%.

Stock information (29 April 2026):

• Price‑to‑earnings (P/E) ratio: 14.9 times
• Price‑to‑book (P/B) ratio: 2.3 times
• 50‑day moving average share price: S$56.86
• 200‑day moving average share price: S$54.41
• Average daily trading volume (three‑month): ~5.5 million shares

Analyst stock ratings and share price targets (published on IG Markets app): 

• FactSet consensus rating: 47% ‘buy’, 35% ‘hold’, 18% ‘sell’.
• Average 12‑month stock price target: S$59.86, implying ~6% upside. (29 April 2026)

2. Singapore Airlines Ltd (SGX: C6L)

Sector: Aviation and travel
Market cap: S$20.1 billion (April 2026)

Overview: SIA is Singapore’s national carrier, serving over 130 cities worldwide. 

Financial performance (Q3 FY2025/26):

• Total revenue: S$5.51 billion, up by 5.5% YoY.
• Operating profit: S$791.9 million, up by 25.9% YoY.
• Net profit: S$504.6 million, down by 68.9% YoY due to absence of prior‑year one‑off accounting gain of S$1.10 billion.
• Group expenditure: S$4.70 billion, up by 2.7% YoY.
• Basic earnings per share (EPS): 16.1 Singapore cents, down from 54.7 Singapore cents a year ago.

Dividend payout:

• No final FY2025/206 dividend figure announced in the Q3 earnings release. 
• Total dividends paid out so far in FY2025/2026: S$0.08 (interim dividend of S$0.05 and interim special dividend of S$0.03 in December 2025).

Other financial/ business metrics to note:

• Cash and bank balances: S$6.10 billion as at 31 December 2025, down from S$8.3 billion as at 31 March 2025.
• EBITDA: S$1.34 billion in Q3 FY2025/2026, down from S$2.45 billion in Q3 FY2024/2025.
• Net asset value per share: S$5.03 per share as at 31 December 2025, down from S$5.27 as at 31 March 2025.
• Passenger demand and yields: passenger traffic remained ‘robust’ with 10.9 million passengers carried in the quarter, up by 6.3% YoY.
• Group passenger load factor: 87.5% (stable YoY), supported by a 1.9% YoY rise in passenger yields.

Stock information (29 April 2026):

• P/E ratio: 16.8 times
• P/B ratio: 1.3 times
• 50-day moving average share price: S$6.67
• 200-day moving average share price: S$6.61
• Average daily trading volume (three-month): ~8.9 million shares

Analyst stock ratings and share price targets:

• FactSet consensus rating: 7% ‘buy’, 67% ‘hold’, 27% ‘sell’.
• Average 12‑month stock price target: S$6.64, implying ~5% upside. (29 April 2026)
   

3. Oversea-Chinese Banking Corporation Ltd (SGX: O39)

Sector: Banking and insurance
Market cap: ~S$101 billion (April 2026)

Overview: OCBC, Singapore’s second largest bank, operates in 18 countries, serving retail, SME, and corporate clients. 

Financial performance (FY2025):

• Group net profit: S$7.42 billion, down by 2% year-on-year (YoY).
• Profit before tax (PBT): ‘Record high’ of S$9.12 billion, up by 2% YoY.
• Total income: S$14.60 billion (up by 1% YoY), driven by 16% growth in non‑interest income.
• Net interest income: S$9.15 billion, a decline of 6% YoY.
• EPS: S$1.63, down by 3% YoY.
• ROE: 12.6%, down by 1.1 percentage point YoY.

Dividend payout:

• Proposed final ordinary dividend: S$0.42 per share
• Special dividend: S$0.16 per share
• Total dividend for FY25: S$0.99 per share (including interim dividend).
• Capital return plan: S$2.50 billion targeted to complete by FY26.

Other financial/ business metrics to note:

• Loans (constant currency): S$341 billion, 9% YoY.
• Customer deposits: S$428 billion, up by 10% YoY.
• Loans‑to‑deposits ratio: 78.6%, unchanged from previous quarter.
• CET1 capital ratio (transitional): 16.9%. 
• CET1 capital ratio (fully phased-in): 15.1%.
• NPL ratio: 0.9%, unchanged YoY.

Stock information (29 April 2026):

• P/E ratio: 13.3 times
• P/B ratio: 1.6 times
• 50-day moving average share price: S$21.65
• 200-day moving average share price: S$19.07
• Average daily trading volume (three-month): ~6.3 million shares

Analyst stock ratings and share price targets: 

• FactSet consensus rating: 47% ‘buy’, 35% ‘hold’, 18% ‘sell’.
• Average 12‑month stock price target: S$22.71, implying ~5% upside. (29 April 2026)

4. Singapore Telecommunications Ltd (SGX: Z74)

Sector: Telecommunications and digital services
Market cap: S$76 billion (April 2026)

Overview: Singtel operates in 21 countries, with businesses in mobile, enterprise services, and digital infrastructure. 

Financial performance (Q3 FY2025/26):

• Operating revenue: S$3.66 billion, up by 0.9% YoY.
• EBITDA: S$939 million, flat YoY.
• Underlying net profit: S$744 million, up by 9.5% YoY.
• Net profit: S$1.89 billion, up by 43.5%.

Dividend payout:

• Interim dividend (H1 FY2025/26): S$0.06 per share (already declared).
• No additional dividend announced in Q3 FY2025/2026 update; capital returns remain tied to asset monetisation and infra expansion.

Other financial / business metrics to note:

• Operating company EBIT: S$362 million, up by 5.3% YoY.
• Share of regional associates’ post‑tax profits: S$529 million, up by 15.4% YoY.
• Exceptional items (post‑tax): S$1.15 billion, mainly from partial Airtel stake sale.

Stock information (29 April 2026):

• P/E ratio: 12.4 times
• P/B ratio: 2.8 times
• 50‑day moving average share price: S$4.94
• 200‑day moving average share price: S$4.55
• Average daily trading volume (three‑month): ~27.8 million shares

Analyst stock ratings and share price targets:

• FactSet consensus rating: 81% ‘buy’, 13% ‘hold’, 6% ‘sell’.
• Average 12‑month price target: S$5.47, implying ~21% upside. (29 April 2026)

5. CapitaLand Investment Ltd (SGX: 9CI)

Sector: Real estate investment and asset management
Market cap: S$15 billion

Overview: CLI manages a portfolio of real estate assets and funds, with exposure to lodging, retail, and office properties. 

Financial performance (Q1 2026):

• Total revenue: S$487 million, down by 2% YoY.
• Fee‑related revenue (FRR): S$310 million, up by 10% YoY, supported by listed funds growth.
• Investments: S$7.2 billion deployed, including logistics assets in the US, Spain, and Singapore, and living/digital infra in Japan.
• Divestments: S$3.4 billion, including Bukit Panjang Plaza (CICT) and AST2 portfolio.
• Revenue per available unit (lodging): Up by 3% YoY, driven by higher occupancy in Japan and Korea (+7 percentage points).

Dividend payout:

• Interim dividend (H1 FY2025): S$0.05 per share (already declared).
• No new dividend announced in Q1 2026 update; payout policy remains tied to recurring fee income and capital recycling.

Other financial / business metrics to note:

• Revenue mix: Fee business contributed 59% of total revenue; investment business 41%.
• Balance sheet: Net debt/equity 0.41x; average debt maturity 2.9 years; interest coverage ratio 3.9 times.
• Lodging pipeline: Over 25 property openings in Southeast Asia in the next 12 months; Ascott membership base surpassed 8 million.

Stock information (29 April 2026):

• P/E ratio: 96.9 times
• P/B ratio: 1.1 times
• 50‑day moving average share price: S$2.48
• 200‑day moving average share price: S$2.79
• Average daily trading volume (three‑month): ~10.9 million shares

Analyst stock ratings and share price targets:

• FactSet consensus rating: 93% ‘buy’, 7% ‘hold’.
• Average 12‑month price target: S$3.51, implying ~25% upside. (29 April 2026)

How to trade and invest in blue-chip stocks with IG Singapore

CFD share trading
 

1. Create a live or demo account
2. Find an opportunity among one of our 10,000+ stocks with our  stock screener
3. Click ‘buy’ to go long or ‘sell’ to short
4. Set your position size
5. Take steps to manage your risk
6. Open and monitor your position

Investing
 

1. Open an account via IG Markets Singapore app
2. Search for Singapore blue-chip stocks on the app
3. Choose the shares you want to buy
4. Determine how many shares you want to purchase
5. Place your order
6. Monitor your investment and collect any dividends

Singapore blue-chip stocks FAQs