Temasek Holdings is renowned for being a steady and long-term investor.
The global investment firm has 13 offices in nine countries, with a net portfolio value of S$434 billion as of 31 March 2025.
On a mark-to-market basis, its portfolio value would rise to S$469 billion. Temasek has also delivered a 20-year total shareholder return (TSR) of 7%.
As at 31 March 2025, 52% of Temasek’s portfolio consisted of companies headquartered in Singapore, underscoring its continued conviction in homegrown blue-chip leaders.
Here are five Singapore blue-chip stocks that Temasek owns that investors can consider adding to their watchlist.
DBS Group (SGX: D05)
DBS is Singapore’s largest bank, offering a comprehensive suite of financial services across Asia, including a wealth management division that ranks among the region’s largest.
The lender reported for the full financial year ended 31 December 2025 (FY2025), with total income rising 3% year on year (YoY) to a new high of S$22.9 billion.
This performance was driven by a surge in net fee and commission income, which jumped 18% to S$4.9 billion, led specifically by a record S$2.8 billion in wealth management fees.
While net interest income edged up 1% to S$14.5 billion due to proactive balance sheet hedging, the group’s net interest margin narrowed by 12 basis points to 2.01% following declines in benchmark rates.
Despite the strong operational performance, reported net profit dipped 3% YoY to S$10.9 billion, primarily weighed down by the implementation of the 15% global minimum tax.
However, asset quality remained resilient with the non-performing loan (NPL) ratio improving to 1.0%.
Shareholders were rewarded with a significant 38% increase in total dividends, amounting to S$3.06 per share for FY2025.
This payout comprises an ordinary dividend of S$2.46 and a capital return dividend of S$0.60.
Management remains confident in the bank’s ability to deliver across market cycles, supported by a 16.2% return on equity and record-high fee income.
SATS Ltd (SGX: S58)
SATS provides ground handling and catering services for airlines, and also operates central kitchens that prepare food for corporations.
The group reported a solid set of results for the second quarter ending 30 September 2025 (2Q FY26), reflecting continued recovery momentum.
Revenue increased 8.4% YoY to S$1.57 billion, backed by higher flight volumes.
Net profit attributable to shareholders climbed 13.3% YoY to S$78.9 million, boosted by operating leverage and improved cost efficiency.
Revenue was up 9.1% YoY to S$3.08 billion, while net profit rose 11.2% YoY to S$149.8 million.
SATS also declared an interim dividend of S$0.02 per share for 1H FY26.
Management expects demand for air travel and aviation services to remain supportive.
Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering, or ST Engineering, is a technology and engineering group serving customers across the aerospace, smart city, defence, and public security sectors.
The group posted a strong business update for the first nine months of 2025 (9M2025).
Revenue rose 9% YoY to S$9.1 billion, driven by solid performance across all three segments.
In 3Q2025, revenue climbed 13% YoY to S$3.1 billion, with growth recorded in Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom.
ST Engineering also secured S$14.0 billion in new contracts during 9M2025, including S$4.9 billion in 3Q2025, lifting its order book to a new high of S$32.6 billion as at end-September 2025.
On the dividend front, the group declared an interim dividend of S$0.04 per share for 3Q2025.
In addition, the board plans to propose a final dividend of S$0.06 and a special dividend of S$0.05 for FY2025.
Management said ST Engineering stands on strong financial footing, with a solid cash position and balance sheet flexibility.
Singtel (SGX: Z74)
Singtel is Singapore’s largest telecommunications group, providing a range of mobile, broadband, and enterprise digital services across Asia, Australia, and Africa.
For the third quarter of the fiscal year ending 31 March 2026 (3QFY2026), the group reported a 9.5% increase in underlying net profit to S$744 million.
This growth was largely powered by a 15.4% rise in the share of post-tax profits from regional associates, most notably Airtel and AIS.
While operating revenue saw a modest increase of 0.9% to S$3.7 billion, operating profit climbed 5.3% to S$362 million, as strong performances in the NCS and Optus divisions offset a 9.7% decline in Singtel Singapore caused by intense local price competition.
The group continues to execute its capital management strategy aggressively, having sold a 0.8% direct stake in Airtel during the quarter for net proceeds of S$1.5 billion.
On the infrastructure front, Singtel’s Digital InfraCo division made significant strides with the opening of Nxera’s largest AI-ready data centre in Singapore and the strategic acquisition of STT GDC alongside KKR.
Singtel declared an interim dividend for 1HFY2026 of S$0.082 per share, representing a 17.1% increase from the previous year.
This payout is split between a core dividend of S$0.064 and a value realisation dividend of S$0.018, reflecting the group’s commitment to sharing gains from its asset recycling initiatives.
Seatrium Limited (SGX: 5E2)
Seatrium provides engineering solutions to the global offshore, marine, and energy industries, with operations spanning oil and gas, offshore renewables, and vessel repairs and upgrades.
As at 30 September 2025, Seatrium’s net order book stood at S$16.6 billion, comprising 24 projects with deliveries extending through 2031.
As part of its ongoing portfolio optimisation efforts, Seatrium also divested non-core assets, including surplus yard capacity in the United States and platform supply vessels, generating over S$140 million in cash proceeds.
Seatrium declared a final tax-exempt dividend of S$0.015 per share for the financial year ended 31 December 2024, subject to shareholder approval.
This marked the group’s first dividend payout since restructuring.
Seatrium remains focused on disciplined execution and cost efficiency to achieve its 2028 financial milestones.
Many Singapore stocks fall behind inflation, which means your money quietly loses strength over time.
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Disclosure: Royston Y. owns shares of DBS Group. Joseph G. does not own shares in any of the companies mentioned.
