20 STI Component Stocks to Watch in 2023

The Straits Times Index (STI) is a stock market index that tracks the performance of the 30 largest companies listed on the Singapore Exchange (SGX). The STI is a widely followed benchmark for the Singapore stock market, and it is often used as a measure of the overall health of the Singapore economy.

In 2023, the STI is expected to benefit from a number of factors, including:

• The continued recovery of the global economy from the COVID-19 pandemic
• The easing of travel restrictions in Singapore
• The launch of new products and services by STI-listed companies

As a result, the STI is expected to perform well in 2023, and it is likely to be a good investment for both domestic and international investors.

Top 20 STI Component Stocks to Watch in 2023

The following are the top 20 STI component stocks to watch in 2023:

1. CapitaLand Integrated Commercial Trust (SGX: C38U)
2. City Developments (SGX: C09)
3. DBS Group Holdings (SGX: D05)
4. Genting Singapore (SGX: G13)
5. Hongkong Land Holdings (SGX: H78)
6. Keppel Corporation (SGX: BN4)
7. Mapletree Industrial Trust (SGX: ME8U)
8. OCBC Bank (SGX: O39)
9. Oversea-Chinese Banking Corporation (SGX: O39)
10. Razer (SGX: 5RZ)
11. SATS (SGX: S58)
12. Sembcorp Industries (SGX: U96)
13. Singapore Airlines (SGX: C6L)
14. Singapore Exchange (SGX: S68)
15. Singtel (SGX: Z74)
16. SP Group (SGX: 582)
17. Thai Beverage (SGX: Y92)
18. UOB (SGX: U11)
19. Wilmar International (SGX: F34)
20. Yangzijiang Shipbuilding (SGX: BS6)

Key Trends to Watch in 2023

The following are some of the key trends to watch in the STI in 2023:

• The continued recovery of the global economy from the COVID-19 pandemic. The global economy is expected to continue to recover in 2023, which will benefit STI-listed companies that are exposed to global markets.
• The easing of travel restrictions in Singapore. The Singapore government has begun to ease travel restrictions, which will benefit STI-listed companies that are involved in the tourism sector.
• The launch of new products and services by STI-listed companies. STI-listed companies are constantly launching new products and services, which can drive growth and profitability.

Risks to Consider

The following are some of the risks to consider when investing in STI component stocks:

• The global economy could experience a slowdown. A slowdown in the global economy could hurt STI-listed companies that are exposed to global markets.
• Travel restrictions could be re-imposed in Singapore. If travel restrictions are re-imposed in Singapore, it could hurt STI-listed companies that are involved in the tourism sector.
• STI-listed companies could face competition from new entrants. New entrants could disrupt the market share of STI-listed companies, which could hurt their profitability.

Conclusion

The STI is a widely followed benchmark for the Singapore stock market, and it is often used as a measure of the overall health of the Singapore economy. In 2023, the STI is expected to benefit from a number of factors, including the continued recovery of the global economy, the easing of travel restrictions in Singapore, and the launch of new products and services by STI-listed companies. As a result, the STI is expected to perform well in 2023, and it is likely to be a good investment for both domestic and international investors.

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice. Investors should consult with a qualified financial advisor before making any investment decisions.

Additional Resources

• Straits Times Index (STI)
• STI Component Stocks
• Singapore Exchange (SGX)

Tables

Table 1: STI Component Stocks by Sector

Table 2: STI Component Stocks by Market Capitalization

Table 3: STI Component Stocks by Return on Equity (ROE)

Table 4: STI Component Stocks by Dividend Yield