Several Singapore household names have pushed past their 52-week highs in recent months, climbing to fresh peaks with renewed investor confidence.
New peaks can spark both excitement and hesitation for investors.
You might wonder, is this the start of sustained momentum, or is it time to tread carefully?
Hitting high does not automatically mean a stock is overvalued.
Sometimes, this new peak signals strength.
Today, we examine three standout stocks: DBS Group Holdings Ltd (SGX: D05), SBS Transit Ltd (SGX: S61), and Sheng Siong Group Ltd (SGX: OV8) to determine if they remain attractive investments after reaching their 52-week highs.
DBS Group Holdings Ltd (SGX: D05)
DBS Group Holdings Ltd is Singapore’s largest bank, providing commercial banking and financial services in various countries, including Hong Kong, China, Indonesia, and more.
A cornerstone of the Straits Times Index (SGX: STI), the group’s shares reached a new peak of $54.80 on 7 October 2025, driven by robust earnings in 1H2025.
The group reported a profit before tax of S$6.825 billion for 1H2025, a 3% increase compared to its 1H2024 figure.
Amid elevated interest rates, net interest margins (NIMs) remained healthy at 2.08%.
The bank also continued to reward shareholders with attractive dividends, with a trailing dividend yield of 5%.
However, the bank is highly sensitive to interest rate cycles.
Falling rates can lower its NIM and cut into its profits.
Thankfully, its diversified income streams across lending, wealth, and treasury activities has allowed DBS Group to remain resilient.
Being one of the earliest to invest heavily in its digital transformation and continuing to strengthen its underlying infrastructure, the group’s digital banking initiatives continue to enhance growth and efficiency for its users.
The recent rally to $54.80 reflects continued investor confidence in the bank’s earnings resilience.
While the group’s earnings may decline when rates ease, the strong dividend yield and diversified model make it a solid long-term holding.
SBS Transit Ltd (SGX: S61)
Singapore’s leading public transport operator, SBS Transit Ltd, runs a significant portion of the country’s bus network, two MRT lines, and an LRT line.
As an essential services provider, SBS Transit is a defensive play within Singapore’s market.
Reaching a 52-week high of S$3.40 per share in September 2025, the company has benefited from improved ridership volumes that have returned to pre-COVID levels.
However, revenue growth has now normalised, with the company reporting S$31.1 million in profit after tax for 1H2025, a 7.7% decline from 1H2024’s S$33.7 million.
With a trailing annual dividend yield of 7.3%, SBS Transit declared an interim dividend of S$0.0895 per share for 1H2025, up 60% from the prior year’s interim dividend.
The company’s total dividend for 2024 reached S$0.287 per share (including a special dividend from the Soon Lee Bus Depot sale), significantly higher than 2023’s S$0.112 per share.
As a regulated business, SBS Transit’s upside is capped by policy decisions, though the government had increased fares in 2022, 2023, and 2024 to address higher operating costs.
However, the company’s government contract model, while providing predictable revenue streams, faces renewal risks.
The Land Transport Authority (LTA) recently awarded the Tampines bus package, currently operated by SBS Transit, to The Go-Ahead Group (GAS), with the transition set for July 2026.
As Singapore’s largest public transport operator, SBS Transit offers stability and modest growth as the nation’s transport backbone.
Given its regulatory constraints and recent contract losses, investors should temper growth expectations.
This stock remains a defensive yield play, attractive for its dividend consistency rather than capital appreciation potential.
Sheng Siong Group Ltd (SGX: OV8)
Sheng Siong is one of Singapore’s largest supermarket chains, focusing on value-driven grocery offerings in the heartlands.
The company has expanded its footprint beyond Singapore, with businesses in China, positioning itself as a resilient consumer brand.
Sheng Siong’s share price reached a new all-time high of S$2.23 in July 2025, not far from where it is trading today.
The group presented a solid set of financial results for 1H2025, bringing in S$72.3 million after tax in profits, a year-on-year (YoY) 3.4% increase.
An interim dividend of S$0.032 was declared, which remains unchanged from 2024.
With 11 new stores opened in 1H2025 and 2024, the group’s aggressive expansion plans in Singapore have brought its total to 82 stores across the island as of July 2025, with several more in the pipeline.
Furthermore, Sheng Siong recently signed an agreement with JTC Corporation for a lease of land in Sungei Kadut.
The group shares that the land will be used to establish a new warehouse, distribution centre, and headquarters to replace its current facility located at the Mandai Link Property.
In addition to new store expansions, management has other plans to continue driving growth.
The supermarket powerhouse will continue to adopt new technology to optimize the sales mix, drive efficiencies, and enhance productivity.
While uncertainties like potential US tariff renewals may dampen consumer sentiment and drive shoppers toward lower-priced alternatives, benefiting Sheng Siong’s house brands, the group faces its own challenges in sustaining growth as its store network matures in Singapore.
For defensive investors, Sheng Shiong offers an appealing combination of consistent growth and reliable dividend income, with continuedexpansion opportunities in Singapore and measured overseas growth providing longer-term potential.
Get Smart: Solid Business Fundamentals Matter
Stocks hitting new highs can often trigger fears of “buying at the top”, but 52-week highs typically reflect strong fundamentals and sustained momentum, not mere overvaluation.
As a blue-chip, DBS Group Holdings has a solid business model and continues delivering profitability and dividends, though investors should watch for rate-driven profit moderation.
SBS Transit offers defensive stability as an essential service provider, though upside remains limited due to regulatory controls.
Sheng Siong, meanwhile, remains a reliable consumer staple with room for measured growth.
Rather than fixating on price levels, investors should focus on business earnings power and underlying fundamentals.
These three companies offer valuable portfolio diversification through their mix of income, growth, and defensive characteristics.
The world’s gotten unpredictable, but some Singapore companies have quietly kept thriving. You’ve probably seen them in your daily life. And yes, they’ve kept paying dividends through it all. Meet 5 resilient stocks built to navigate global storms. Get the free report here and see how they’ve done it.
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Disclosure: Wenting does not own shares in any of the companies mentioned.
