Stocks

JPMorgan Lifts Singapore Stock Target to 7,000 on Robust Growth

Guavy AI Editorial Team Published August 12, 2026

Instruments

JPM

JPMorgan Chase & Co has raised its target for Singapore stocks due to robust economic growth and narrowing valuation gap with developed-market peers.

The Straits Times Index (STI) may climb up to 7,000 over the next 12 months in a bull case scenario, implying a 22% upside from its close on August 11, JPMorgan analysts said.

Singapore's Equity Market Development Programme provides grants to firms and individuals in the financial services sector to promote the Republic as a financial centre. The city-state's stocks have been performing well this year, with the benchmark gaining more than 23% in 2026, outperforming its rival Hong Kong.

JPMorgan analysts believe that Singapore's 'Goldilocks economic backdrop' will continue to support earnings per share growth and empower fiscal room. They also pointed to strong yields, a stable currency, and the Equity Market Development Programme as factors enhancing investor flows.

JPMorgan Lifts Singapore Stock Target to 7,000 on Robust Growth

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