As the year 2024 progresses, investors are keenly watching the Singapore stock market for potential high-performing stocks.
Based on recent trends and expert analysis, here are five stocks that are predicted to yield significant returns by the end of the year:
Singtel (SGX: Z74)
Singtel, Singapore’s largest telecommunications company, has shown impressive growth this year With a 12% increase in underlying net profit for the first half of FY2024 and a strategic reset aimed at simplifying its business structure, Singtel is expected to continue its upward trajectory
iFAST Corporation (SGX: AIY)
This financial technology company has reported a substantial increase in net revenue and operating profit for the first nine months of 2023.
With ongoing revenue recognition from the eMPF system in Hong Kong and the launch of ORSO ePension services, iFAST is poised for robust growth in 2024.
Dyna-Mac (SGX: NO4)
Dyna-Mac has seen a significant increase in its average daily turnover and revenue growth due to the completion of major projects.
This industrial services provider is expected to continue benefiting from its strong project pipeline and operational efficiency.
Jardine Cycle & Carriage (SGX: C07)
This diversified group has experienced increased trading volumes and positive market sentiment.
With a solid portfolio of businesses across various sectors, Jardine Cycle & Carriage is well-positioned for continued success.
Mapletree Pan Asia Commercial Trust (SGX: N2IU)
This real estate investment trust has shown resilience and growth in its portfolio, benefiting from the recovery in commercial real estate markets.
With a strategic focus on enhancing its property portfolio, Mapletree Pan Asia Commercial Trust is expected to deliver strong returns.
