It has been a dizzying market rally so far as the Straits Times Index (SGX: ^STI) bursts through the 4,200-mark.
The positive sentiment is accompanied by news that the Monetary Authority of Singapore has allocated S$1.1 billion to three fund managers to deploy into small and mid-cap stocks.
Along the way, many stocks also saw their share prices head higher, with some breaking new 52-week highs.
We shine the spotlight on five of these stocks and review them to determine if they are worth a closer look.
Singtel (SGX: Z74)
Singtel is Singapore’s largest telecommunication company (telco) offering a comprehensive range of mobile, broadband, and pay TV services.
The blue-chip telco saw its share price climb 33.7% year-to-date (YTD) to hit its 52-week high of S$4.21.
The group released a mixed set of results for its first quarter of fiscal 2026 (1Q FY2026) business update ending 30 June 2025.
Operating revenue dipped 0.6% year on year to S$3.4 billion, but net profit soared 317% year on year to S$2.9 billion, largely because of an exceptional gain of S$2.2 billion from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger.
Excluding this item, the underlying net profit would have risen by 14% year on year to S$686 million.
The healthy profit performance was contributed to by robust results from Optus and NCS, which saw operating profit rise 36% and 22% year on year, respectively.
Regional associates’ share of profit was also 15% higher year on year at S$468 million.
Looking ahead, Singtel plans to scale its data centre capacity to >200 MW by December 2026 and accelerate its enterprise business expansion overseas.
Hong Leong Asia (SGX: H22)
Hong Leong Asia, or HLA, owns a diversified business in building materials and powertrain solutions.
The group works with customers to deliver sustainable solutions for cities of the future.
HLA’s share price has leapt 145% YTD to hit its 52-week high of S$2.37.
For the first half of 2025 (1H 2025), revenue climbed 25.7% year on year to S$2.8 billion.
Net profit rose 13.1% year on year to S$56 million.
The group declared an interim dividend of S$0.02, double that of the previous year.
The outlook is positive for Singapore, with order books for precast concrete and ready-mix concrete growing because of new projects.
Over in Malaysia, demand for building materials is expected to improve with increased infrastructure development, aided by the development of the Johor-Singapore Special Economic Zone (SEZ).
China Aviation Oil (SGX: G92)
China Aviation Oil, or CAO, is the largest physical jet fuel buyer in Asia and is a key supplier of imported jet fuel to the Chinese aviation industry.
CAO’s share price has surged 43.5% YTD to hit its 52-week high of S$1.34.
The group reported a respectable set of earnings for 1H 2025 with revenue rising 13.6% year on year to US$8.56 billion.
Operating profit grew 15.9% year on year to US$28 million, while net profit increased by 18.4% year on year to US$50 million.
Management is optimistic about the future as the global civil aviation industry continues to grow in 2025, with total operating profits projected to reach US$66 billion.
China remains a significant contributor to Asian aviation and accounts for over 40% of the region’s aviation traffic.
Q&M Dental Group (SGX: QC7)
Q&M Dental owns the largest network of private dental clinics in Singapore, with 108 clinics across the island.
The group also owns 37 dental clinics and a dental supplies and equipment distribution company in Malaysia.
The dental chain’s share price surged by 64.3% YTD to hit its 52-week high of S$0.47 recently.
Total revenue for 1H 2025 stayed constant year on year at S$88.4 million, with core dental revenue’s increase being offset by a plunge in diagnostics revenue.
Management highlighted that the net profit for its core dental business grew 10% year on year to S$13.7 million.
An interim dividend of S$0.004 was declared, unchanged from a year ago.
The group recently issued S$130 million worth of 3.95% notes and is looking for acquisitions and organic expansion opportunities.
Management is looking to increase its network of clinics in Singapore while also exploring opportunities to expand its dental business in the SEZ once the rapid transit system becomes operational.
Soilbuild Construction (SGX: V5Q)
Soilbuild Construction provides a full spectrum of real estate services such as design and build, construction, and procurement, among others.
Its precast concrete unit is a licenced manufacturer of prefabricated and precast building components with manufacturing facilities in Singapore and Malaysia.
Soilbuild’s share price has soared 153% YTD and hit its 52-week high of S$2.14.
The group reported a stellar set of earnings for 1H 2025 with revenue leaping 77.3% year on year to S$272.8 million.
Gross profit nearly tripled year on year to S$43.6 million while net profit shot up from S$7.4 million to S$28.3 million.
An interim dividend of S$0.02 was declared, double the previous year’s S$0.01.
The group has snagged a total aggregated value of S$360 million in new projects since the beginning of this year.
These contracts bring Soilbuild’s order book to S$1.19 billion as of 30 June 2025.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
