Top growth stocks for traders to watch in Singapore
Growth stocks often make for good trading conditions as they can be rather volatile. Discover what growth stocks are, why they’re so popular globally, our top five growth stock picks – and learn how you can trade them with us.
What are growth stocks and why are they popular?
Growth stocks are shares that are expected to grow faster than their industry peers. They’re mostly found in healthcare, technology and consumer goods, although this isn’t a hard-and-fast rule.
They’re normally a high-risk, high-reward type of stock because they offer the potential to make sizeable profits; however, small market movements can change their share price drastically. This volatility makes them popular choices for trading CFDs, as they present plenty of opportunities to buy or sell the underlying stock.
They often don’t pay dividends, instead reinvesting their profits back into the company to fuel its growth.
Top growth stocks to watch in Singapore
We listed our choice of five of the best growth stocks available in Singapore to give you ideas of what to trade on. The stock prices and values listed here are accurate as of 14 November 2024.
17LIVE
17LIVE Group Limited operates a live-streaming platform, providing its services in Singapore, Japan, Taiwan, Hong Kong, the US, the Philippines, India and Malaysia.
Under its banner, it also runs OrderPally and HandsUP, both live commerce services, and Wave, a social audio platform.
The 17LIVE platform has more than 550,000 global monthly users and over 87,000 contract streamers.1
The company has a good price-to-sales (P/S) ratio compared to its peers and the industry average.2 The P/S shows how much investors are willing to pay for each dollar of a company’s sales. It’s easy to calculate: divide the company’s market cap by its total sales over the previous 12 months.
Its annual earnings are expected to grow at 161.4% per year.2
It was founded in 2015, is headquartered in Shibuya, Japan and is listed on the Singapore Stock Exchange (SGX).1
Rex International Holding
Rex International Holding is an investment holding company with two parts to its business:
Oil and gas: exploration and production with commercial operations in Norway and Oman
Non-oil and gas: Rex Virtual Drilling technology, which discovers information on the presence of reservoir rock and liquid hydrocarbons using standard seismic data
We consider the company to be undervalued, trading below fair value by more than 20%. Its P/S ratio is 0.4, making it good value compared to its peers and the Asian energy services industry.
Rex International Holding was incorporated in 2013, is based in Singapore and is listed on the SGX.3
Manulife US Real Estate Investment Trust
Manulife US Real Estate Investment Trust (REIT) is the very first pure-play US office REIT listed in Asia. This means it’s listed in Singapore but has a strategy of investing in a portfolio of income-producing office real estate in the US. ‘Pure play’ refers to companies that focus solely on one type of product or service.
Manulife US REIT is significantly below fair value (73% undervalued), making it an attractive option for people looking to buy and sell growth stocks in Singapore. Its earnings growth rate is projected to be around 104% and its earnings per share (EPS) growth rate is approximately 105.6%.
It’s expected to become profitable in the next three years and, like most growth stocks, it doesn’t currently pay a dividend.
It was founded in 2015, is located in Singapore and is listed on the SGX.4
Yanlord Land Group
Yanlord Land Group is a subsidiary of Yanlord Holdings Pte Ltd and is an investment holding company. It operates as a real estate developer in China, Singapore and Hong Kong. It develops residential apartments and villas, commercial properties like offices, shopping centres, serviced apartments and hotels, and offers management services for both residential and commercial properties.
It’s also involved in a number of other activities, such as installing, maintaining, selling and repairing elevators, building material and hardware trading, project and business management, electronic component and connector manufacturing and more.
Yanlord Land Group’s P/S ratio of 0.2 puts it in a good position compared to peers and the Singaporean real estate industry average.
Its projected earnings growth rate is 94.4%, while its EPS growth rate is 110.9%. It doesn’t have a history of paying dividends.
It was founded in 1993, is headquartered in Singapore and is listed on the SGX.5
AEM Holdings
AEM Holdings is in the semiconductor and electronics industry, providing application-specific intelligent system tests and handling solutions for other businesses. It also manufactures and repairs semiconductor assembly and testing equipment, installs industrial machinery, assembles printed circuit boards, provides engineering solutions and more.
It operates in multiple countries: Singapore, China, Costa Rica, Finland, France, Germany, Ireland, Malaysia, the Republic of Korea, the UK, the US, Vietnam and others.
AEM Holdings is well below fair market value, being undervalued by 79.7%. Its current share price is S$1.42, while its fair share price would be around S$6.99.
Its earnings growth rate is expected to be 87.6% and its EPS growth rate is projected to be 89%.
It doesn’t currently pay a dividend.
It was incorporated in 2000, is headquartered in Singapore and is listed on the SGX.6
How to trade growth stocks with us
- Create an account or log in
- Find a growth stock opportunity
- Click ‘buy’ to go long or ‘sell’ to short using CFDs
- Set your position size
- Take steps to manage your risk
- Open and monitor your position
117LIVE, 2024
2Simply WallST, 2024
3SimplyWallST, 2024
4SimplyWallST, 2024
5SimplyWallST, 2024
6SimplyWallST, 2024
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The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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