Any sgx stocks to recommend for long term investment? Please exclude dbs, ocbc, uob, singtel

For long‑term SGX exposure (excluding DBS, OCBC, UOB and Singtel), a solid core can be built around: **Singapore Exchange, ST Engineering, CapitaLand Investment, 1–2 quality REITs (Mapletree / CapitaLand), plus defensive names like Sheng Siong and Venture**—using SG as your **income & stability** sleeve while keeping high‑growth AI/tech in the US. 📈 Below is a curated list, then a suggestion on how to combine them. --- ## 1. “Core” quality compounders ### 1.1 Singapore Exchange (SGX, ticker: **S68**) **Why it works for long term:** - **Natural monopoly**: Only full‑service securities & derivatives exchange in Singapore, with strong regional derivatives franchise (equity, FX, commodities). - **Structural tailwinds**: - Growth in **index/derivatives trading** and risk management demand in Asia. - Higher interest rates boost **interest income** on collateral & margin balances. - **Balance sheet & dividends**: Typically runs a **net‑cash, asset‑light model**, enabling consistent dividends and opportunistic buybacks. The 5‑year, dividend‑adjusted performance (indexing 5 years ago = 100) shows SGX roughly **doubling** over the period, despite being a conservative, income‑oriented name. ```reference [{"id":1,"type":"plotly-json"}] ``` *(In the chart above, SGX is the blue line; ST Engineering is orange.)* **Key risks:** - Cycles in trading/IPO activity. - Competitive pressure from other regional exchanges over the long run. --- ### 1.2 ST Engineering (ticker: **S63**) **Business & moat:** - Diversified **defence, aerospace, and smart city solutions** group. - Large order backlog, much of it from government/defence contracts → **high visibility of cash flows**. - Increasing exposure to **smart city / urban solutions, cybersecurity, and mobility**, which have secular growth drivers. From the same 5‑year, dividend‑adjusted chart, **ST Engineering has substantially outperformed SGX**, with the index level rising to roughly **3–4x** the starting level, versus ~2x for SGX. That’s impressive for what many view as a “boring” GLC‑linked stock. **Why it fits long term:** - Defensive earnings profile (defence, long‑term contracts). - Sensible way to have some **“real economy” industrial/tech exposure** in SG. - Historically offers a **decent yield plus moderate growth**, rather than high‑beta swings. **Key risks:** - Execution risk on large engineering projects. - Defence sentiment/politics (though SG’s defence budgets tend to be steady). --- ### 1.3 CapitaLand Investment (CLI, ticker: **9CI**) **Investment story:** - Asset‑light **real estate investment manager** and owner, spun from the old CapitaLand structure. - Earns **recurring fee income** from managing REITs and private funds, plus capital recycling from its own balance sheet assets. - Leverages Singapore’s credibility to attract capital into **Asian real estate** (office, retail, lodging, new economy). **Why it’s interesting long term:** - More **scalable, higher‑ROE model** vs. pure brick‑and‑mortar property owners. - Benefits from growth in **assets under management (AUM)** rather than just property prices. - Tends to pay a **reasonable dividend** while still having room to grow AUM, especially in new‑economy segments (logistics, data centres, etc.). **Key risks:** - Property cycles and cap‑rate movements (interest‑rate sensitivity). - China exposure through parts of its portfolio/fund platform. --- ## 2. Income‑focused REITs (if you’re OK with REITs) If you’re comfortable treating **REITs as part of your “stock” bucket**, SGX is actually strongest here. For long‑term, income‑oriented exposure: ### 2.1 Mapletree Logistics Trust (MLT, ticker: **M44U**) - Specialises in **logistics / warehouse assets** across Asia‑Pacific. - Beneficiary of **e‑commerce, supply chain diversification, and onshoring/near‑shoring** trends. - Geographically diversified beyond Singapore (HK, China, Japan, South Korea, etc.), which reduces single‑country risk but introduces FX/geo risk. **Why it fits long term:** - Logistics REITs often have **better structural demand** than traditional office. - Balanced profile of **yield + moderate growth** from acquisitions and AEIs (asset enhancement). **Key risks:** - Interest‑rate sensitivity (leverage & refinancing). - FX exposure and country‑specific regulatory risks. --- ### 2.2 CapitaLand Integrated Commercial Trust (CICT, ticker: **C38U**) - Flagship SG commercial REIT with **prime retail malls and offices** (Raffles City, Plaza Singapura, etc.). - Anchored in Singapore’s CBD & key suburban hubs → relatively resilient footfall and tenant demand. **Long‑term case:** - Core play on **Singapore’s status as a regional business and shopping hub**. - Reasonable yield, backed by relatively high‑quality assets and a sponsor (CapitaLand) with a long track record. **Key risks:** - Office oversupply and work‑from‑home trends can pressure office occupancy/rents. - Consumer cycles impacting retail rents and turnover. --- ## 3. Defensive consumer & tech manufacturing ### 3.1 Sheng Siong (ticker: **OV8**) - One of Singapore’s major **supermarket chains**, skewed more mass‑market (value focused) than premium. - Non‑discretionary demand → relatively **recession‑resistant** revenue. - Generally runs with good cost control and cash generation. **Why it’s useful in a portfolio:** - Provides **defensive, staples‑like exposure** within SG. - Earnings tend to be stable; growth comes from gradual store expansion and productivity improvements. - Commonly offers a **modest but consistent dividend**. **Key risks:** - Limited runway within Singapore’s small market; overseas expansion brings its own risks. - Competition from other grocers & e‑commerce. --- ### 3.2 Venture Corporation (ticker: **V03**) - High‑end **electronics manufacturing services (EMS)** and technology design partner for global customers. - Exposure to **instrumentation, life sciences, semiconductor equipment, networking, and some consumer/industrial tech**. - Operates more as a **solutions/partner** than a pure low‑cost manufacturer, which supports margins. **Why it may fit you (given your tech tilt):** - While SGX lacks true “AI hyperscalers”, Venture gives you **indirect exposure to global tech hardware** cycles from a Singapore base. - Long track record of profitability and dividends, though earnings are **cyclical** with global tech demand. **Key risks:** - Customer concentration and order volatility. - Tech downcycles can hit earnings and sentiment hard. --- ## 4. Putting it together – how you might use SGX Given your existing focus on **US tech/AI** and the roughly **$500k portfolio** you’ve mentioned before, SGX can reasonably play the role of **stability + income**, not high‑growth: Example allocation *within your SGX sleeve* (purely illustrative): - **Core quality (40–50%)** - SGX - ST Engineering - CapitaLand Investment - **REIT income (30–40%)** - Mapletree Logistics Trust - CICT (or another Mapletree/CapitaLand REIT you prefer) - **Defensive & tech‑cyclical (20–30%)** - Sheng Siong - Venture Corp Then, keep **higher‑growth AI / semis / US tech** in your existing US book, using SGX as the “steady compounder + dividend” anchor. --- ## 5. How to proceed from here 1. **Narrow the list** to 3–5 names that best match what you want SGX to do for you (income vs. some growth vs. defensiveness). 2. For each, check: - Latest **dividend yield & payout ratio** - **Net debt / EBITDA** (especially for REITs) - 5–10 year track record of earnings / DPU. 3. Decide roughly **what % of your total $500k** you want in SG versus US/others, then size positions accordingly. --- Would you like to **prioritise income stability or growth** from your SGX sleeve? That will change whether we lean more into REITs and SGX, or tilt more toward Venture / CapitaLand Investment / other growth‑oriented names.