3 Singapore Stocks That Beat the STI by 12% or More in 1H 2026

Customer loans grew 9% year on year on a constant currency basis to S$347 billion, cushioning the squeeze. Non-interest income surged 23% to S$1.6 billion, now over 40% of total income. Net fee income climbed 24% to S$675 million, led by a 34% jump in wealth management fees. That segment did the heavy lifting while rate cuts pressured margins, the bank reported.

Net profit attributable to shareholders rose 5% year on year to S$2 billion. OCBC does not declare a dividend in the first quarter. Its interim dividend comes with the half-year results, which is the norm. Management kept its 50% ordinary dividend payout guidance. The S$2.5 billion capital return plan stays on track for FY2026.

ST Engineering built on defence, aerospace and urban demand. Group revenue rose 11% year on year to S$3.3 billion for 1Q2026. Excluding LeeBoy, divested in September 2025, rebased revenue grew 15%, the company said. Defence & Public Security rose 13% on a rebased basis to S$1.4 billion. Commercial Aerospace jumped 15% to S$1.3 billion on engine MRO and nacelle deliveries. Urban Solutions & Satcom surged 18% to S$525 million, with Satcom growing more than 30%.

ST Engineering secured S$4.8 billion in new contracts in the quarter. That took its order book to S$34.5 billion as at 31 March 2026. Of that, S$8.0 billion is due for delivery over the rest of the year. Management noted net profit growth outpaced rebased revenue growth. One caveat: quarterly business updates do not disclose profit or cash flow figures. The company declared a first-quarter interim dividend of S$0.04 per share.

Each stock rode a distinct tailwind. SGX gained from busier trading. OCBC leaned on wealth management fees. ST Engineering rode defence and aerospace demand and a record order book. The other 27 STI names did not share those tailwinds in equal measure.

A 42.8% return tells you what has already happened. It does not predict what comes next. The share price has already paid for much of the good news visible today. Free cash flow is the metric that matters more than the past half-year's price chart. Ask whether the earnings and cash flows behind these businesses can keep delivering. That answer will decide your income, not the last six months.