The Singapore stock market has been on a tear in recent weeks.
The Straits Times Index (SGX: ^STI) hit an all-time high above 4,000 earlier this month and has gone on to break new highs.
Earlier this week, the bellwether blue-chip index powered its way past the 4,200 level as optimism spread across a raft of stocks.
Here are five Singapore stocks that recently smashed past their 52-week highs. We dig deeper to see if you should add them to your buy watchlist.
Delfi Ltd (SGX: P34)
Delfi manufactures and distributes branded consumer products that are sold in 17 countries such as Indonesia, Singapore, the Philippines, and Malaysia, among others.
The group is known for its flagship chocolate brands SilveQueen, Delfi, and Ceres, which are popular in Indonesia.
Delfi’s share price has risen 15.4% year-to-date (YTD) and hit its 52-week high of S$0.91 recently.
The chocolate manufacturer announced a downbeat business update for the first quarter of 2025 (1Q 2025).
Net sales dipped by 0.5% year on year to US$149.8 million, and would have been 1.5% higher year on year if not for currency weakness.
Gross profit margin declined by 2.2 percentage points year on year to 28% as the group was pressured by high cocoa prices.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) plunged 27.2% year on year to US$17 million.
Despite the weaker EBITDA, Delfi managed to churn out higher free cash flow to the tune of US$34.4 million for 1Q 2025, up 11.3% year on year.
High coca bean prices continue to be a headwind for the business, but Delfi believes that its robust distribution network, well-established brands and strong balance sheet can help it navigate through these tough times.
Tai Sin Electric (SGX: 500)
Tai Sin Electric provides electrical cabling and wiring solutions for the public and private sectors across industrial, commercial, residential, and infrastructure projects.
Tai Sin’s share price has surged 33.8% YTD and hit its 52-week high of S$0.54 recently.
For the first half of fiscal 2025 (1H FY2025) ending 31 December 2024, the group saw revenue rise 20.1% year on year to S$235.1 million.
Gross profit climbed 28% year on year to S$41.3 million.
Net profit more than doubled year on year to S$15.9 million.
Tai Sin Electric generated a positive free cash flow of S$4.1 million for the half year, reversing the previous year’s S$6.8 million.
An interim dividend of S$0.0075 was declared, unchanged from a year ago.
The group will leverage resilient domestic demand, supported by growing digital infrastructure, to drive the continued growth of its business.
Guocoland (SGX: F17)
Guocoland is a real estate group that develops, invests, manages a portfolio of quality commercial and mixed-use assets that provide stable, recurring income.
The group’s investment properties are located in Singapore, China, and Malaysia and are valued at S$6.58 billion as of 31 December 2024.
Shares of the property giant have climbed 19.4% YTD to hit their 52-week high of S$1.74.
Revenue for 1H FY2025 dipped 5% year on year to S$1 billion.
This dip was because of the timing difference in recognition of revenue from development properties, and also because of lower sales from China.
Despite this, net profit grew 13% year on year to S$74.6 million because of higher contributions from investment properties.
China should remain challenging for the group as the government there seeks to pump the economy through stimulus measures.
However, Malaysia and Singapore should see resilient demand with Singapore seeing more non-landed private property launches in the next 12 months.
ValueMax Group (SGX: T6I)
ValueMax provides pawnbroking services and has 43 outlets spread across Singapore.
Shares of the group have soared 71% YTD and hit their 52-week high of S$0.75.
The group announced a strong set of earnings for 2024.
Revenue jumped 37.8% year on year to S$456.2 million while gross profit increased by 29.5% year on year to S$129.8 million.
Net profit shot up 56.7% year on year to S$82.8 million.
A final dividend of S$0.0268 was declared and paid, representing a nearly 22% year-on-year increase from the S$0.022 paid out a year ago.
The group is optimistic that gold prices will stay high, which is beneficial for its business.
Management is also exploring acquisition opportunities and suitable locations to grow its network of pawnshops and retail outlets.
SUTL Enterprise (SGX: BHU)
SUTL Enterprise is a developer, operator, and consultant of integrated marinas.
Shares of the group rose 15% YTD after hitting their 52-week high of S$0.86.
SUTL Enterprise reported a mixed set of earnings for 2024.
Total revenue slipped 1% year on year to S$39.6 million.
This decline was attributed to a reduction in demand for yachtcations and staycations because customers have more dining choices and are travelling overseas more often.
However, net profit rose 5% year on year to S$8.5 million.
Free cash flow stayed healthy at S$5.3 million for 2024, although this was lower than the prior year’s S$8.9 million.
A final dividend of S$0.05 was paid out, unchanged from a year ago.
The group continues to actively seek opportunities to grow its business through the development of new integrated marinas or by acquiring existing marinas.
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Disclosure: Royston Yang owns shares of Delfi Ltd.
