STI at 10,000 by 2040: Which companies will do the heavy lifting?
Pretty much the same 10 companies doing it now. The question is if they can continue to do well, doling out steady, growing distributions
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THE fate of Singapore’s stock market for the next 15 years rests on just 10 companies. That’s not hyperbole; it’s math.
The Straits Times Index just hit an all-time high above 4,400 this month. Then came the bold prediction by DBS Group’s research: 10,000 by 2040. Here’s the uncomfortable truth. Reaching that target will depend almost entirely on a select group of stocks.
But everyone’s asking the wrong question. It’s not whether the STI will hit 10,000; ask instead whether the underlying businesses can create enough value over the next 15 years to get there.
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