The bullish sentiment caused the Straits Times Index (SGX: ^STI) to achieve its all-time high above 4,000 recently.
Along the way, the rising tide has also lifted many other boats.
Investors can find many small and mid-sized companies, along with blue-chip ones, that saw their share prices soar higher this year.
Here are five that have posted double-digit share price increases this year. We dig further to determine if they should be on your buy watchlist.
Kingsmen Creatives (SGX: 5MZ)
Kingsmen Creatives serves the exhibitions and attractions industry with end-to-end service offerings, including design and fabrication.
The group also helps in corporate and retail interior fit-outs and provides experiential marketing services.
Kingsmen’s share price has surged 63% year-to-date (YTD) to hit S$0.44, close to its 52-week high of S$0.46.
For 2024, the group reported a 7.5% year-on-year revenue increase to S$388.4 million.
Gross profit improved by 15.6% year on year to S$90.4 million while net profit leapt more than fourfold year on year to S$13.1 million.
Kingsmen also generated a positive free cash flow of S$5.5 million for 2024, reversing the previous year’s negative free cash flow.
The group doubled its final dividend from S$0.01 to S$0.02, citing a favourable growth outlook.
CEO Anthony Chong is confident that this momentum can carry on as the group enhances its capabilities in providing creative and innovative solutions for its clients.
As of 31 January 2025, Kingsmen secured contracts of S$192 million, of which S$136 million is expected to be recognised this year.
UOL Group (SGX: U14)
UOL is a property and hospitality company with total assets of around S$23 billion.
The blue-chip group owns a diverse portfolio of development and investment properties, hotels, and serviced suites in Asia, Europe, the US, and Africa.
UOL’s share price has climbed 25% YTD to S$6.45, slightly off its 52-week high of S$6.83.
Revenue rose 4% year on year to S$2.8 billion for 2024, while gross profit inched up 6% year on year to S$1.1 billion.
Net profit, however, plunged 49% year on year to S$358.2 million because of lower fair value gains and a one-off gain from the sale of PARKROYAL on Kitchener Road.
The group reported stronger operational net profit, and the board proposed a first and final dividend of S$0.18.
This was higher than the previous year’s final dividend of S$0.15, but 2023 also included a special dividend of S$0.05.
Singapore Land Tower is still undergoing asset enhancement works, which are expected to be completed by the first half of 2025.
Meanwhile, UOL is redeveloping Clifford Centre into a Grade A office building, which should be completed by 2028.
Elsewhere, the property group also acquired a 10% stake in the Hong Kou district of Shanghai.
The site is approximately 19,319 square metres and has a 70-year residential leasehold tenure.
Pan-United Corporation (SGX: P52)
Pan-United Corporation, or PUC, is one of the world’s biggest producers of carbon mineralised concrete (CMC).
Shares of the group have surged 55% YTD to close at S$0.87, just shy of its 52-week high of S$0.90.
PUC reported a commendable set of earnings for 2024.
Revenue rose 5% year on year to S$812.3 million while net profit climbed 15% year on year to S$40.9 million.
The concrete producer churned out a positive free cash flow of S$69.4 million, 40.5% higher than a year ago.
A final dividend of S$0.023 was proposed, higher than the S$0.018 final dividend paid out in the prior year.
This final dividend takes the total dividend for 2024 to S$0.03.
Strong construction demand is expected this year, with the Building and Construction Authority estimating that total construction demand will range between S$47 billion and 53 billion.
This demand stems from the award of large-scale projects such as the expansion of Marina Bay Sands integrated resort and the development of Changi Airport’s Terminal 5.
Centurion Corporation (SGX: OU8)
Centurion is a provider of purpose-built worker accommodation (PBWA) assets and student accommodation assets (PBSA) in countries such as Singapore, Malaysia, China, the UK, and the US.
The group owns and manages a portfolio of 37 operational assets totalling 69,929 beds as of 31 March 2025.
Centurion’s shares have soared 80% YTD to S$1.73, just shy of their 52-week high of S$1.77.
The group reported an encouraging business update for the first quarter of 2025 (1Q 2025).
Revenue rose 13% year on year to S$69 million, with the rise mainly contributed by a 15% year-on-year increase in revenue from its PBWA assets.
Centurion continues to deliver high occupancy with positive rental reversions, and the group is actively pursuing opportunities to redevelop and enhance its existing portfolio.
Centurion will look for opportunities in China and the Middle East to further grow its portfolio, while its focus is on capital recycling to explore an asset-light model.
Management is exploring the establishment of a REIT, which will consist of some of the group’s PBWA and PBSA assets, and may declare a dividend-in-specie of units in this proposed REIT to shareholders.
UMS Integration (SGX: 558)
UMS Integration provides equipment manufacturing and engineering services to original equipment manufacturers (OEMs) of semiconductors and related products.
The group’s share price leapt 25.7% YTD to S$1.32, just off its 52-week high of S$1.39.
For 1Q 2025, UMS Integration’s revenue increases 7% year on year to S$57.7 million.
Net profit stayed constant year on year at S$9.8 million.
The group generated a positive free cash flow of S$435,000 for the quarter.
An interim dividend of S$0.01 was declared, a slight fall from the previous year’s S$0.012.
Chairman and CEO Andy Luong remains upbeat about UMS Integration’s prospects.
Strong order flow is expected from the group’s new key customer as it seeks to divert its supply source from the US to Asia.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
