The Business Times
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HOCK LOCK SIEW

Can ST Engineering aspire to challenge DBS to be king of the local bourse?

Growing leading companies outside the banking sector will make the local stock market more vibrant

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Leslie Yee

Leslie Yee

Published Tue, Jun 16, 2026 · 03:00 PM
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    • Should ST Engineering execute well in capturing burgeoning defence opportunities, expect investors to view the company’s stock highly favourably.
    • Should ST Engineering execute well in capturing burgeoning defence opportunities, expect investors to view the company’s stock highly favourably. PHOTO: BT FILE

    [SINGAPORE] Unsurprisingly, Singapore’s largest group by market capitalisation is a bank – DBS . Having a strong shareholder in Singapore-headquartered global investment company Temasek helps drive DBS’ success.

    Perhaps, more importantly, the lender’s success is helped by being in the fast-growing financial services sector and headquartered in Singapore, which is growing strongly as a financial hub. Think of wealth inflows to the Republic because of its safe-haven status in a tumultuous world, among others.

    Led by a capable management team, DBS’ leading position on the local bourse could plausibly go unchallenged for many years.

    ST EngineeringDBSSingapore equitiesSingapore stock marketDefenceGeopoliticsHock Lock Siew

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