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# SGX Compounders: 10 Singapore Stocks for the Long Run
- URL: https://www.equity-edit.com/sgx-compounders-10-singapore-stocks/
- Published: 2026-10-08T10:06:21.000Z
- Updated: 2026-10-08T10:06:21.000Z
- Description: Beyond dividends and blue chips, these ten SGX-listed businesses offer different paths to long-term wealth creation. But not every great company is a great investment at any price.
- Author: Editor
- Tags: Watchlists, #custom-hero, #Import 2026-10-08 18:05

![SGX Compounders. 10 SG Stocks for the Long Run. Singapore skyline at sunset.](https://www.equity-edit.com/content/files/images/2026/10/sgx-compounders-cover.jpg)

Singapore stocks have a reputation for one thing: dividends.

For years, investors have looked to the local market for reliable banks, property trusts and income-generating businesses, while turning to the US for growth.

But Singapore has its own collection of companies capable of building value over time.

Some dominate established industries. Others are expanding into new markets, benefiting from structural trends or reinvesting earnings to grow their businesses.

The common thread is **compounding**: the ability to grow earnings and shareholder value over many years.

Here are ten Singapore-listed companies worth keeping on a long-term watchlist, grouped by how they might create value.

__Latest profit growth: year-on-year change in net profit attributable to shareholders for the most recent reported half- or full-year period. \*Singtel: underlying net profit. Yields and P/E ratios are based on trailing figures as at 8 October 2026; yields may include special dividends. †ST Engineering’s trailing P/E is inflated by one-off items in FY2025 earnings; on forward earnings it trades at about 30×.__
| Company                                    | Ticker | Latest profit growth | Dividend yield | P/E    |
| ------------------------------------------ | ------ | -------------------- | -------------- | ------ |
| 01 · The Established Wealth Builders       |        |                      |                |        |
| **DBS Group**                              | D05    | +5.0%1H26            | 4.0%           | 19.8×  |
| **Singapore Exchange**                     | S68    | +7.8%FY26            | 2.2%           | 32.8×  |
| **Sheng Siong**                            | OV8    | +11.9%1H26           | 2.5%           | 30.1×  |
| **OCBC**                                   | O39    | +13%1H26             | 3.8%           | 17.4×  |
| 02 · The Structural Growth Stories         |        |                      |                |        |
| **ST Engineering**                         | S63    | +27%1H26             | 1.6%           | 60.6׆ |
| **iFAST**                                  | AIY    | +40.7%1H26           | 1.5%           | 21.6×  |
| **Singtel**                                | Z74    | +12%FY26\*           | 4.3%           | 20.2×  |
| 03 · The Execution-Dependent Opportunities |        |                      |                |        |
| **Venture**                                | V03    | +5.6%1H26            | 4.6%           | 20.6×  |
| **Raffles Medical**                        | BSL    | −9.6%1H26            | 3.6%           | 22.6×  |
| **SATS**                                   | S58    | +17.0%FY26           | 1.9%           | 20.1×  |

01The Established Wealth BuildersStrong franchises, recurring demand and the ability to return capital to shareholders.D05S68OV8O39

## 1\. DBS Group (D05) — The Banking Powerhouse

D05

**+5%**profit growth**4.0%**yield**19.8×**P/E

Singapore’s largest bank has built a leading regional franchise across consumer banking, corporate lending and wealth management.

Its digital capabilities, deposit base and wealth-management business provide competitive advantages, while dividends and capital returns are important components of shareholder value.

In the first half of 2026, net profit rose 5% to a record **S$6.01 billion**, with a return on equity of 17.5%.

**Bull case**A strong franchise, growing regional wealth and disciplined capital management could support attractive long-term returns.

**Bear case**Banking earnings are cyclical. Lower interest margins, credit losses and a high starting valuation could limit returns.

**What we’re watching**Wealth-management growth, return on equity and whether earnings remain resilient as interest rates change.

## 2\. Singapore Exchange (S68) — The Market’s Toll Collector

S68

**+7.8%**profit growth**2.2%**yield**32.8×**P/E

SGX is more than Singapore’s stock exchange. It operates securities, derivatives, clearing and market-data businesses.

In FY2026, net revenue reached **S$1.48 billion**, up 13.9%, supported by its diversified market infrastructure operations.

**Bull case**SGX benefits from its established infrastructure, regional derivatives franchise and the long-term growth of capital markets.

**Bear case**Trading activity fluctuates, competition is significant and an attractive business can still be expensive.

**What we’re watching**Derivatives growth, market activity and the sustainability of earnings growth.

## 3\. Sheng Siong (OV8) — The Quiet Compounder

OV8

**+11.9%**profit growth**2.5%**yield**30.1×**P/E

A supermarket may not sound like an exciting investment. But everyday essentials create recurring demand, and Sheng Siong has demonstrated how store expansion and operational discipline can grow a business.

In the first half of 2026, revenue rose **11.9% to S$855.4 million**, while net profit increased 11.9% to S$81 million.

**Bull case**New stores, operating efficiency and steady grocery demand could support continued earnings and dividend growth.

**Bear case**Singapore is a relatively small market. Competition, labour costs and limited store locations could constrain expansion.

**What we’re watching**New-store productivity, same-store sales and profit margins.

## 4\. OCBC (O39) — The Banking and Wealth Franchise

O39

**+13%**profit growth**3.8%**yield**17.4×**P/E

OCBC combines traditional banking with wealth management, insurance and regional exposure.

Its diversified financial-services model offers opportunities to earn income across different parts of a customer’s financial life.

In the first half of 2026, net profit rose 13% to **S$4.19 billion**. Wealth-management income reached a record S$3.29 billion, or 41% of total income.

**Bull case**Wealth management, insurance and disciplined capital allocation could help support long-term earnings and dividends.

**Bear case**Like DBS, OCBC remains exposed to interest rates, credit cycles and regional economic conditions.

**What we’re watching**Wealth-management income, credit quality and sustainable returns on equity.

02The Structural Growth StoriesBusinesses positioned to benefit from longer-term shifts in technology, infrastructure and investment.S63AIYZ74

## 5\. ST Engineering (S63) — The Global Engineering Business

S63

**+27%**profit growth**1.6%**yield**S$35.7B**order book

ST Engineering operates across aerospace, defence, public security and technology.

Its appeal lies partly in the visibility provided by long-term contracts and exposure to industries where customers cannot easily replace established suppliers.

In the first half of 2026, revenue rose **11% to S$6.57 billion**, while net profit increased 27% to S$512 million. Its order book reached **S$35.7 billion**.

**Bull case**Defence spending, aircraft maintenance and infrastructure contracts provide multiple opportunities for growth.

**Bear case**Large projects carry execution risk, while rising costs and valuation expectations could weigh on returns.

**What we’re watching**Order-book conversion, margins and cash generation.

## 6\. iFAST Corporation (AIY) — The Wealth-Tech Platform

AIY

**+40.7%**1H26 profit growth**S$36.1B**AUA**21.6×**P/E

iFAST operates investment and wealth-management platforms serving financial advisers, institutions and individual investors.

As more savings move into investment products, scalable financial platforms could benefit from growing assets and recurring fees.

In FY2025, iFAST generated **S$339.7 million in net revenue**, with net profit attributable to shareholders of S$100.0 million, up 50%. In the first half of 2026, net profit rose about 41% to S$57.9 million, and assets under administration reached a record S$36.1 billion.

**Bull case**Growth in assets under administration, recurring platform revenue and expansion into banking services could drive earnings over time.

**Bear case**Competition, regulatory requirements and a potentially demanding valuation leave little room for disappointment.

**What we’re watching**Recurring revenue, asset growth and profitability across its newer businesses.

## 7\. Singtel (Z74) — More Than a Telecom Operator

Z74

**+12%**profit growth**4.3%**yield**20.2×**P/E

Singtel’s investment case increasingly extends beyond Singapore’s mobile market.

Its regional telecommunications investments, enterprise technology business and digital infrastructure operations give it exposure to growth across Asia.

For FY2026, underlying net profit rose **12% to S$2.77 billion**. The company has also been recycling capital from selected investments.

**Bull case**Regional earnings, digital infrastructure and better capital allocation could create value beyond its traditional telecom operations.

**Bear case**Telecommunications remains capital-intensive, while competition, foreign-exchange movements and restructuring risks can affect results.

**What we’re watching**Underlying earnings, regional associates and how effectively asset-sale proceeds are reinvested or returned.

03The Execution-Dependent OpportunitiesEstablished businesses with potential, but where future compounding depends on improving operations and delivering growth.V03BSLS58

## 8\. Venture Corporation (V03) — The Advanced Manufacturing Specialist

V03

**+5.6%**profit growth**4.6%**yield**20.6×**P/E

Venture manufactures sophisticated products and provides technology solutions for customers across industrial, medical and other technology markets.

Its investment appeal comes from engineering capabilities, long-term customer relationships and exposure to increasingly complex products.

In the first half of 2026, revenue rose **7.4% to approximately S$1.35 billion**, while net profit increased 5.6% to S$119.3 million.

**Bull case**A recovery in customer demand and a shift towards higher-value products could support earnings growth.

**Bear case**Manufacturing demand is cyclical, and customer concentration can create volatility.

**What we’re watching**New programme wins, margins and sustained revenue growth.

## 9\. Raffles Medical Group (BSL) — The Healthcare Expansion Bet

BSL

**−9.6%**profit growth**3.6%**yield**22.6×**P/E

Raffles Medical operates clinics, hospitals and healthcare services, with a presence in Singapore and China.

Healthcare demand has long-term demographic support, but expanding hospital operations can require substantial investment before returns become visible.

In the first half of 2026, revenue declined **6.7% to S$353.2 million**, while attributable profit fell 9.6% to S$29 million.

**Bull case**A recognised healthcare brand, ageing populations and improving overseas operations could support future earnings.

**Bear case**Hospital expansion is expensive, utilisation can take time to build and recent earnings have been under pressure.

**What we’re watching**China hospital profitability, Singapore operations and returns on invested capital.

## 10\. SATS (S58) — The Global Aviation Infrastructure Play

S58

**+17.0%**profit growth**1.9%**yield**20.1×**P/E

SATS provides ground-handling, food solutions and air-cargo services.

Its expanded international footprint gives it exposure to global aviation and logistics, but also introduces significant operational complexity.

In FY2026, revenue rose 9.0% to **S$6.35 billion**, while profit attributable to shareholders increased 17.0% to S$285.2 million.

**Bull case**Rising air traffic, cargo demand and operational efficiencies could help SATS grow earnings and cash flow.

**Bear case**Labour costs, debt, integration challenges and economic slowdowns could limit profitability.

**What we’re watching**Free cash flow, debt reduction and margins across its international operations.

## THE EDIT

Not all ten companies offer the same kind of compounding.

*01* **The established wealth builders**

Durable franchises and meaningful capital-return potential.

DBS · SGX · Sheng Siong · OCBC

*02* **The structural growth stories**

Opportunities to expand earnings through industry trends and new businesses.

ST Engineering · iFAST · Singtel

*03* **The execution-dependent opportunities**

Could deliver attractive results, but investors need stronger evidence that growth and profitability will materialise.

Venture · Raffles Medical · SATS

There is another distinction worth making: **dividends are only part of the equation.**

A company that pays a generous dividend but struggles to grow earnings may create less wealth over a decade than one that reinvests successfully and compounds its profits.

For Singapore investors, the real test is not simply whether a stock is familiar, defensive or pays a reliable dividend.

It’s whether the business can grow earnings and cash flow, allocate capital intelligently and continue creating value—without investors overpaying for that future.

> The best compounders don’t necessarily make the most headlines. They make the most of time.

*Financial figures reflect the latest available reported periods as at 8 October 2026\. Yields and P/E ratios are based on trailing figures as at 8 October 2026; yields may include special dividends. This is an editorial watchlist, not a ranking by historical investment returns. For informational purposes only; not investment advice.*