With SGX and Nasdaq (NASDAQ: NDAQ) teaming up to launch a Global Listing Board, Singapore’s markets are poised to receive a structural boost.
This framework allows Asian companies with at least S$2 billion in market capitalisation to tap US liquidity without the usual regulatory hurdles.
It’s a big deal – not just for firms raising capital, but for investors hunting for quality stocks.
Here are three Singapore dividend stocks that could benefit from this new cross-border arrangement.
Singapore Exchange or SGX (SGX: S68) – The Direct Beneficiary
SGX isn’t just a beneficiary of the SGX-Nasdaq tie-up – it is part of the tie-up.
As the sole integrated securities and derivatives exchange operator in Singapore, SGX runs a diversified, multi-asset marketplace spanning the entire trading lifecycle.
For the fiscal year ended 30 June 2025 (FY2025), revenue rose 11.7% year-on-year (YoY) to just under S$1.3 billion, with net profit after tax climbing 8.4% to S$648 million, driven by broad-based growth across equities, currencies, and derivatives.
Total dividend paid in FY2025 was S$0.375 per share, a 9% increase YoY, representing a payout ratio of 65.8%.
With its growth firing on all cylinders, dividends are expected to steadily increase by S$0.0025 every quarter from FY2026 to FY2028, subject to earnings growth.
OTC FX and Derivatives are its primary growth drivers, with OTC FX having the potential to contribute mid-to-high single-digit percentages to group EBITDA (earnings before interest, tax, depreciation and amortisation), catalysed by its integration of advanced data analytics and scaling of its core cutting-edge technology.
Overall, SGX’s unique advantage to benefit from every listing, through the liquidity generated by every trade, makes it a direct beneficiary of its tie-up with Nasdaq.
ST Engineering or STE (SGX: S63) – The Global Compounder
STE operates globally across diversified sectors in Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom (satellite communications).
For the first nine months of 2025 (9M2025), revenue grew 9% to S$9.1 billion YoY, supported by strong growth in all segments, on top of S$14 billion worth of new contract wins.
Recent divestments unlocked S$594 million in cash proceeds, boosting STE’s cash position.
STE’s mission-critical expertise allows it to secure diversified, global contracts in A380 airframes, AI-powered 5G solutions, and Satcom infrastructure.
For 2025, the proposed total dividend amounts to S$0.23 per share, inclusive of both ordinary and special dividends, an increase of 35.3% YoY.
STE’s revenue goal is clear – S$17 billion by 2029, with growth in net profit outpacing revenue growth, by up to 5%, driven by strengthening its core business and pursuing high-growth opportunities.
With its global business presence and favourable credit ratings of Aaa by Moody’s (NYSE: MCO) and AA+ by S&P Global (NYSE: SPGI), STE epitomises the kind of “quality industrial” stock that could stand out on global investors’ radar.
Venture Corporation (SGX: V03) – The Tech Value Play
Venture stands out from other traditional electronics manufacturing services (EMS) providers with its “EMS++” strategy, excelling in high-mix, complex manufacturing processes.
For 2025’s third quarter (3Q2025), revenue was S$627.2 million, a 2.8% decrease quarter-on-quarter (QoQ), due to softness in the Lifestyle Consumer technology domain, which ironically, is due to improved product reliability causing lower demand for product replacements.
While earnings per share (EPS) of S$0.192 is a comparable 3% drop QoQ, net margin remained resilient at 8.9%, through its focus on high-value-add solutions.
These factors combined to enable Venture to pay dividends of S$0.30 per share on 12 Sep 2025, an increase of 20% YoY.
Despite a mild slip in revenue and net profit, Venture maintains more than S$1 billion in net cash in 3Q2025, even after accounting for dividend payments and share buybacks.
The ramp-up of data centre connectivity for 2026 should catalyse future growth, among other contract wins in the semiconductor, automation, and life science domains.
Venture trades at a PE of 20.4 — not the cheapest but undervalued compared to the NASDAQ 100 index’s P/E of 32.7, potentially appealing to NASDAQ investors looking for tech value-play opportunities.
What This Means for Investors
With each company worth more than S$2 billion, these three companies may benefit from the SGX-Nasdaq dual listing bridge and offer diverse exposures to different sectors:
- SGX provides investors with the direct structural advantage of increased liquidity in the local stock market.
- ST Engineering’s global footprint exposes investors’ portfolios to global growth in the industrial sector.
- Venture offers the tech-driven value play, riding on the global secular growth of the AI revolution.
Through their unique strengths, they form a diversified trio that could benefit the Singapore market’s global integration and visibility.
Get Smart: Move Early
The SGX–Nasdaq bridge isn’t just a performative headline to generate interest.
It’s a structural shift that could redefine the valuation of Singapore companies.
High-quality names with solid dividend payouts, supported by global growth prospects, such as those mentioned above, could benefit early investors immensely.
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Disclosure: Larry L. does not own shares in any of the companies mentioned.
