Most investors set their sights on the Straits Times Index (SGX: ^STI), which has been breaking new all-time highs as it climbs past the 4,200 level.
The blue-chip space is viewed as a bastion of growth and stability as the bellwether index climbs.
However, if investors look hard, good bargains and businesses can also be found in the small and mid-cap space.
We highlight four such companies that have broken their 52-week highs to see if they qualify as good investment candidates.
Tai Sin Electric (SGX: 500)
Tai Sin Electric develops and markets a comprehensive range of electric cables to a diverse range of industries.
The group provides electrical cabling and wiring solutions for industrial, commercial, residential, and infrastructure projects.
Tai Sin’s share price has shot up 43.8% year-to-date (YTD) to hit its 52-week high of S$0.58.
The group posted a strong set of financial results for the first half of fiscal 2025 (1H FY2025) ending 31 December 2024.
Revenue jumped 20.1% year on year to S$235.1 million while gross profit climbed nearly 28% year on year to S$41.3 million.
Net profit more than doubled year on year, climbing from S$7 million in 1H FY2024 to S$15.9 million in 1H FY2025.
Tai Sin Electric also generated a positive free cash flow of S$4.1 million, a sharp reversal from the negative free cash flow of S$6.8 million in the previous year.
An interim dividend of S$0.0075 was declared, unchanged from the previous year.
Last week, the group entered into a share subscription agreement to purchase a 25% stake in charging station contractor EV Mobility for S$1.5 million.
This move will help Tai Sin to grow along with the electric vehicle (EVs) ecosystem in Singapore while expanding into sustainable and future-oriented businesses.
EV Mobility provides electrical charging stations for EVs, and its customers include commercial and residential properties such as Oxley Bizhub and Gem Residences.
Pasture Holdings (SGX: UUK)
Pasture Holdings is a global pharmaceutical products and medical supplies, and devices company.
The group has a comprehensive portfolio of over 1,000 third-party products and over 1,200 medical supplies and devices.
Pasture’s share price soared 148% YTD to hit its 52-week high of S$0.12.
For 1H FY2025, revenue rose 25.2% year on year to US$7.2 million, led by a 23.5% year-on-year revenue increase in the group’s key division, Pharmaceutical wholesale and drop shipment.
Gross profit improved by 60.5% year on year to US$2 million, and the group registered a net profit of US$471,000, reversing last year’s net loss of US$155,000.
The group also churned out a healthy free cash flow of US$742,000 for 1H FY2025.
In May this year, Pasture signed a non-binding term sheet with the Government Pharmaceutical Organization of Thailand to distribute its proprietary oral disintegrating strips.
Just last month, Pasture acquired a 50% stake in AP Bioresources Sdn Bhd, a Malaysia-based medical devices distributor.
This acquisition is part of Pasture’s regional growth strategy and helps the group to establish a direct presence in Malaysia.
Combine Will (SGX: N0Z)
Combine Will is an original equipment and design manufacturer of corporate premiums, toys, and consumer products in China, Hong Kong, and Indonesia.
The group owns and operates five manufacturing facilities in China and Indonesia and employs more than 18,000 workers.
Shares of Combine Will have surged 35.9% YTD to hit their 52-week high of S$1.25.
The group reported a commendable set of earnings for 2024.
Revenue climbed 32.2% year on year to HK$1.5 billion while gross profit improved by nearly 20% year on year to HK$153.8 million.
Net profit stood at HK$45.7 million for 2024, up 7.5% year on year.
A final dividend of S$0.05 was paid, similar to a year ago.
Last month, Combine Will announced the acquisition of a parcel of land in Dongguan City (China) for around S$2.2 million.
This purchase is in line with the group’s long-term strategic growth plans by securing a new manufacturing and service centre in Dongguan, a key industrial hub.
The upgrading of the headquarters and facility will also significantly improve Combine Will’s operational efficiency and production capacity.
The new site has modern infrastructure and an optimised layout, which can support the adoption of advanced manufacturing technologies and automation.
CSE Global (SGX: 544)
CSE Global provides electrification, communications, and automation solutions across various industries.
The group has a presence in 15 countries and has 61 offices worldwide, employing more than 2,000 staff.
CSE Global’s share price has leapt 60.7% YTD to hit its 52-week high of S$0.69.
The group released its first quarter of 2025 (1Q 2025) business update back in May and reported a 4% year-on-year increase in revenue to S$205.5 million.
However, CSE Global saw order intake fall 11.3% year on year to S$155.3 million for the quarter.
Consequently, its order book declined by 14.4% year on year to S$616 million as of 31 March 2025.
Just this week, CSE Global announced that it secured major contract variations worth US$46 million in the data centre market in the US.
These orders are an extension of a current contract with an existing hyperscaler customer, and involve the design, engineering, fabrication, installation, and integration of power management systems and solutions.
As the STI hits record highs, long-term investors are asking: can dividends keep up?
In this special National Day webinar, we dive into the earnings outlook for Singapore’s top dividend stocks and what to expect in the months ahead. Secure your free seat here and stay ahead of the curve.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
