{"id":31239,"date":"2026-02-24T12:36:43","date_gmt":"2026-02-24T04:36:43","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=31239"},"modified":"2026-02-24T12:36:43","modified_gmt":"2026-02-24T04:36:43","slug":"3-singapore-blue-chip-stocks-near-all-time-highs-are-their-yields-attractive","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=31239","title":{"rendered":"3 Singapore blue chip stocks near all time highs. Are their yields attractive?"},"content":{"rendered":"


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What happened?<\/h2>\n

Singapore stocks have been pushing higher in early 2026.<\/p>\n

The Straits Times Index has climbed to fresh records of above 5,000 points in recent weeks.<\/p>\n

In January, the 3 best-performing Singapore blue chip stocks<\/a> were companies in the property sector, including UOL, Hongkong Land and City Developments.\u00a0<\/p>\n

We have also seen other blue chip stocks reaching new all time highs, as sentiment towards Singapore stocks improve<\/a>, and dividends continue to be raised<\/a>.<\/p>\n

This has led to questions in the Beansprout community<\/a> about whether it is still worthwhile owning Singapore blue chip stocks for dividend income.<\/p>\n

In this article, I will look at three Singapore blue chip stocks that are trading near all time highs in February 2026. I will also find out if their dividend yields remain attractive after the rally.<\/p>\n

3 Singapore blue chip stocks near all time highs<\/h2>\n

#1 \u2013 Singtel (SGX: Z74)<\/strong><\/span><\/h2>\n

Singtel is Singapore’s largest telecommunications company and a leading communications technology group in Asia, with stakes in regional mobile operators including Bharti Airtel in India, Telkomsel in Indonesia, Globe Telecom in the Philippines, and AIS in Thailand.<\/p>\n

Singtel\u2019s share price reached an all time high of S$5.10 before closing at S$5.04 on 20 February 2026.<\/p>\n

\"Singtel\u2019s
Source: Beansprout<\/figcaption><\/figure>\n

For the third quarter ended 31 December 2025, Singtel reported stable operating revenue of S$3.66 billion and stable EBITDA of S$939 million.\u00a0<\/p>\n

Operating company EBIT rose 5.3% to S$362 million, driven by stronger contributions from NCS and Optus, which helped offset weaker performance in Singtel Singapore.\u00a0<\/p>\n

Singtel\u2019s underlying net profit increased 9.5% year on year to S$744 million, mainly due to stronger results from its regional associates led by Airtel and AIS.\u00a0\u00a0<\/p>\n

Net profit rose more sharply to S$1.89 billion, as Singtel booked a net exceptional gain of S$1.15 billion. This was primarily from the sale of a partial stake in Airtel.\u00a0\u00a0<\/p>\n

\"Singtel
Source: Singtel 3Q FY2026 Presentation Slides<\/figcaption><\/figure>\n

Singtel also highlighted continued progress in its growth engines.\u00a0<\/p>\n

NCS recorded stronger operating momentum, with revenue rising and profitability improving. Digital InfraCo continued to expand, supported by higher contributions from data centre services and its RE:AI business.\u00a0<\/p>\n

A key driver for the stock was Singtel’s continued progress on its S$9 billion medium-term capital recycling target.\u00a0<\/p>\n

In November 2025, it sold a further 0.8% stake in Airtel for approximately S$1.5 billion, generating an estimated gain of S$1.1 billion. Its effective stake in Airtel fell to 27.3% after the transaction.\u00a0\u00a0<\/p>\n

This transaction was part of Singtel\u2019s broader medium-term asset recycling plan, and the company has already realised around S$5.6 billion since April 2024 toward its ~S$9 billion target.\u00a0\u00a0<\/p>\n

Singtel also shared that Digital InfraCo secured 280MW of power commitment for a data centre in Johor, and that its Tuas data centre had more than 90% of capacity pre-sold, highlighting demand for AI-ready digital infrastructure.\u00a0<\/p>\n

\"Singtel
Source: Singtel 3Q FY2026 Presentation Slides<\/figcaption><\/figure>\n

In February 2026, Singtel announced a major transaction together with KKR, to take full control of data centre operator ST Telemedia Global Data Centres (STT GDC) in a deal that pegs STT GDC’s enterprise value at S$13.8 billion.<\/p>\n

Following completion, Singtel will hold a 25% stake in the enlarged entity. \u00a0<\/p>\n

Management stated that there is no impact on its existing dividend policy from this acquisition, and reaffirmed its capital return and growth funding framework under Singtel28.\u00a0<\/p>\n

This includes a Value Realisation Dividend (VRD) of up to S$5 billion, which supports 3 to 6 cents per share per year and provides visibility for the next five years, as well as a Value Realisation Share Buyback (VRSB) of up to S$2 billion over three years.\u00a0<\/p>\n

Singtel also indicated that around S$2 billion is set aside for growth initiatives, including funding the S$740 million consideration for the STT GDC acquisition.<\/p>\n

\"Singtel
Source: Singtel & KKR acquisition of STT GDC Presentation Slides<\/figcaption><\/figure>\n

Singtel continues to return capital to shareholders through its dividend framework, supported by operating cash flows and capital recycling.\u00a0<\/p>\n

Based on Singtel\u2019s share price of S$5.04 as of 20 February 2026, and a FY2026 dividend estimate of S$0.181 per share according to Factset, Singtel offers a forward dividend yield of approximately 3.6%.<\/p>\n

Find out how much dividends you would have received as a shareholder of Singapore Telecommunication Limited (Singtel) <\/strong>in the past 12 months with the calculator below.\u00a0<\/p>\n