STI Pulls Back From 5,000: 3 Singapore Stocks to Watch

Market Overview - The Straits Times Index has recently pulled back from the significant 5,000-point milestone after a record run, indicating a potential opportunity for investors to reassess their positions [1]. DBS Group Holdings (SGX: D05) - DBS, Singapore's largest bank, reported a record total income of S$22.9 billion for FY2025, reflecting a 3% increase from the previous year [3]. - Despite a slight narrowing in loan profit margins due to lower market rates, DBS achieved significant growth in customer deposits and fee income, which surged by 18%, driven by a 29% increase in wealth management fees [4][5]. - The bank's net profit was S$10.9 billion, slightly impacted by a new 15% global tax rule, while total dividends increased by 38% to S$3.06 per share [4]. Keppel Ltd (SGX: BN4) - Keppel has transformed into a global asset manager, with core business profits rising by 39% to S$1.1 billion in FY2025 [6]. - The company manages assets worth S$95 billion, aiming to reach S$100 billion by next year and plans to double its managed assets by 2030 [7]. - Keppel unlocked S$2.9 billion in value through asset sales this year and increased its total payout to S$0.47 per share, up 38% from the previous year [7]. CapitaLand Integrated Commercial Trust (SGX: C38U) - CICT has achieved its fifth consecutive year of dividend growth, with a payout per unit increase of 6.4% in FY2025 [9]. - The trust maintains a strong occupancy rate of 96.9% across its malls and offices and is successfully raising rents for new tenants [10]. - CICT's operational excellence is demonstrated through strategic growth initiatives and active management, including the acquisition of the CapitaSpring office tower and the profitable sale of Bukit Panjang Plaza [9][10]. Investment Outlook - The long-term growth potential of DBS, Keppel, and CICT remains strong, with each company demonstrating effective money management and strategic shifts in their business models [11]. - A market pullback is viewed as an opportunity for investors to evaluate these companies that continue to enhance their value and payouts [11].