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

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

June 16, 2026 / Nathan Pine /


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

[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.



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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