Forget Blue Chips: 3 SGX Stocks Crushing the STI by 100%+
Three SGX-listed mid-cap companies outperformed the Straits Times Index (STI) in 2026. AEM Holdings (AWX) reported 411.3% total returns, driven by strong revenue growth in its Test Cell Solutions segment. UMS Integration (558) delivered 133.9% returns, with significant gains in semiconductor and aerospace divisions. First Resources (EB5) achieved 130.1% returns, boosted by acquisition and higher palm oil sales. All three companies showed improved earnings and cash flow, but faced specific challe
How this was made
The 30-second read
Why it matters
All three companies posted strong earnings and guidance, suggesting potential short‑term price appreciation, especially for AEM and UMS.
Market read
Earnings beats and guidance lifts for three SGX stocks could drive sector rotation into AI‑related and commodity‑linked equities.
What to watch
First Resources' growth is partially acquisition‑driven and subject to Indonesian export restrictions.
Background
The article reviews three Singapore‑listed mid‑caps that outperformed the STI in 2026, focusing on their earnings, cash flow and dividend updates.
Ticker impact
AEM Holdings reported 1H2026 revenue up 29.9% YoY and net profit tenfold, plus raised FY2026 revenue guidance.
Potential price rally in the next few trading sessions.
Earnings surprise and guidance raise are fresh primary disclosures.
Market effects
Highlights strength in AI‑related semiconductor equipment and palm‑oil sectors in Southeast Asia.
Positive for Singapore mid‑cap market and may lift STI index peers.
Shows broader AI‑driven demand benefiting semiconductor supply chain worldwide.
Counterpoint
Free cash flow weakness at AEM and reliance on a single AI customer could limit upside.
Key entities
- companyAEM Holdings
Singapore‑listed semiconductor test equipment provider.
- companyUMS Integration
Semiconductor manufacturing and aerospace components firm.
- companyFirst Resources
Palm‑oil producer with recent acquisition.
