The Straits Times Index (SGX: ^STI) has broken past its previous all-time high to hit a new milestone this month.
The bellwether blue-chip index has surpassed the 4,100 level for the first time as optimism led to a broad-based rally.
This rally has now extended to mid-cap companies and second-line stocks.
Here are five Singapore stocks that are hitting their 52-week high share prices. We explore if they can keep up the momentum.
APAC Realty (SGX: CLN)
APAC Realty is a real estate services provider that holds the ERA regional master franchise rights for 17 countries in the Asia-Pacific region.
The group is one of Singapore’s largest real estate agencies with 8,823 advisors as of 26 February 2025.
Shares of the property agency have rallied 32% year-to-date (YTD) and touched their 52-week high of S$0.52.
APAC Realty reported a mixed set of earnings for 2024.
Revenue inched up 0.7% year on year to S$561 million, but net profit plunged 38.8% year on year to S$7.2 million.
The group churned out a free cash flow of S$8.4 million for 2024, nearly 48% lower than the previous year.
A final dividend of S$0.012 was paid out, lower than the prior year’s S$0.014.
Coupled with the interim dividend of S$0.009, the total dividend for 2024 stood at S$0.021.
CEO Marcus Chu expects more new home launches for 2025, with 15,000 new homes slated to be released.
The group is also broadening its presence across ASEAN by acquiring a 51% stake in ERA Fiesta Group, which comprises seven real estate brokerage companies in West Jakarta.
Tiong Woon (SGX: BQM)
Tiong Woon is an integrated heavy lift specialist serving the oil and gas, petrochemical, infrastructure, and construction sectors.
The group’s share price surged 21% YTD to a 52-week high of S$0.74.
Tiong Woon reported a commendable set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 December 2024.
Revenue rose 5% year on year to S$78.8 million, but gross profit fell by 8% year on year to S$30.3 million because of a larger rise in cost of goods sold.
Net profit, however, climbed 11% year on year to S$12.1 million.
The group also eked out a small positive free cash flow of S$1.2 million for 1H FY2025, reversing the negative free cash flow of S$7.7 million in the prior year.
Tiong Woon maintains a positive outlook as customer demand for heavy lift and haulage services is expected to remain resilient in Singapore.
The group intends to pursue opportunities that emerge from the demand for construction and petrochemical investments.
VICOM (SGX: WJP)
VICOM is a provider of inspection and technical testing services.
The group not only provides vehicular inspections but also provides inspection and testing services in the mechanical, biochemical, and civil engineering fields.
VICOM’s share price has increased by around 15% YTD and hit its 52-week high of S$1.54.
The group reported a solid set of earnings for the first quarter of 2025 (1Q 2025).
Revenue jumped nearly 19% year on year to S$33.3 million as VICOM installed 53,000 on-board units (OBUs) for the Electronic Road Pricing 2.0.
This installation number was significantly higher than the 35,000 OBUs installed in the previous quarter.
Operating profit improved by 8.7% year on year to S$9 million while net profit came in at S$7.5 million, up 7.5% year on year.
VICOM generated free cash flow of S$4.2 million for the quarter despite capital expenditure being elevated because of spending on its new headquarters at Jalan Papan.
Demand for non-vehicle testing improved in 1Q 2025, but management cautioned that trade tensions could result in lower demand for this business unit.
Keong Hong (SGX: 5TT)
Keong Hong’s principal business activities include building construction, property development and investment, and hotel development and investment.
The group develops and owns properties in Singapore, Japan, and the Maldives.
Keong Hong’s share price soared nearly 80% YTD to hit its 52-week high of S$0.16.
The group reported a solid set of earnings for 1H FY2025 ending 31 March 2025.
Revenue surged 50% year on year to S$122.9 million.
Gross profit came in at S$8 million, reversing the previous year’s gross loss of S$3 million.
Net profit stood at S$7.5 million but was boosted by other income of S$9.2 million, of which S$3.8 million comprised a net exchange gain.
Keong Hong put in a bid for a government land sale for the Bayshore precinct but lost the bid to Singhaiyi Group.
It will continue to partner with strong and reputable players to bid for good development opportunities.
Over in the Maldives, the average occupancy of the group’s two properties was lower than the industry average.
Keong Hong will implement comprehensive cost-reduction and marketing strategies to support the performance of these two properties.
MoneyMax Financial Services (SGX: 5WJ)
MoneyMax is a financial services provider, retailer, and trader of luxury products.
The group has more than 100 stores in both Singapore and Malaysia, making it one of the largest pawnbroking and retail chains.
MoneyMax’s share price has surged 77.3% YTD and recently hit its 52-week high of S$0.60.
The group handed in a sterling report card for 2024 with revenue surging 36.5% year on year to S$390.1 million.
Net profit hit a record high of S$41.6 million that year, shooting up 65% year on year.
A final dividend of S$0.014 was paid out, 40% higher than the S$0.01 paid a year ago.
MoneyMax remains committed to increasing its network of outlets across Singapore and Malaysia.
At the same time, the group will explore opportunities to elevate customer experience and raise its service standards to attract even more customers.
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Disclosure: Royston Yang owns shares of VICOM.
