Emerging Market Skeptic

Emerging Market Skeptic

🇸🇬 Singapore Stocks: The Edge Billion Dollar Club 2025 Award Winners

Singapore listed stocks who won the following metric categories by sector: growth in profit after tax, returns to shareholders, weighted return on equity & overall sector winner (+DeepSeek Analysis).

Jan 24, 2026
∙ Paid

Since 2017, The Edge Singapore Billion Dollar Club (sponsored by local business newspaper The Edge Singapore) has become “one of the most prestigious events” in the region focused on “recognizing and celebrating excellence” among companies listed on the Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY) with the most recent event being held back in early November.

Once again, I realize these sorts of award events are often paid-for and sponsored corporate PR events that don’t mean much. However, this one is a little different as it recognizes Singapore-listed companies (some winners are based elsewhere or operate regionally or globally, but have a listing on the Singapore Exchange) that have done better than their industry sector peers in three key metrics (see their Methodology here):

  • Highest Returns to Shareholders Over Three (3) Years

  • Highest Growth in Profit After Tax Over Three (3) Years Award

  • Highest Weighted Return on Equity Over Three (3) Years Award

  • Overall Sector Winner

You can decide for yourself whether or not any calculations for these awards are reasonably accurate…

Winners in the Billion Dollar Club (BDC) are those with a market cap that is above $1 billion (I assume this is in Singapore dollars…) while the Centurion Club recognizes companies with a market value of between $100 million and $1 billion:

BILLION DOLLAR CLUB (BDC) AWARDS
CENTURION CLUB (CC) AWARDS

We did a post for 2023 and 2024 winners plus another post covering The Edge Billion Ringgit Club 2024 for Malaysia listed or based stocks:

  • Singapore Stocks: The Edge Billion Dollar Club 2024 Award Winners

  • Singapore Stocks: The Edge Billion Dollar Club 2023 Award Winners

  • Remembering the CLOB Stock Trading Fiasco + The Edge Billion Ringgit Club (BRC) 2024 Award Winners

Note that the Singapore section of our Oceania & Southeast Asia Stock Index has 187 Singapore stocks.

The rest of this post is organized as follows:

[Note: On desktop browsers, an autogenerated table of contents will appear on the left side linked to each stock. I will add those links below after publishing/emailing this post…]
  • Billion Dollar Club

    • COMPANY OF THE YEAR

      • Sembcorp Industries

        • Highest Growth in Profit After Tax Over Three (3) Years Award [INDUSTRIALS]

        • Overall Sector Winner [INDUSTRIALS]

    • Best ESG Risk Ratings

      • City Developments Limited

        • Highest Growth in Profit After Tax Over Three (3) Years Award [REAL ESTATE COMPANIES]

        • Highest Weighted Return on Equity Over Three (3) Years Award [REAL ESTATE COMPANIES]

        • Overall Sector Winner [REAL ESTATE COMPANIES]

    • BASIC MATERIALS

      • Keppel Infrastructure Trust

        • Highest Returns to Shareholders Over Three (3) Years

        • Overall Sector Winner

      • Sri Trang Gloves (Thailand) PCL

        • Highest Weighted Return on Equity Over Three (3) Years Award

    • COMMUNICATIONS SERVICES

      • Singapore Telecommunications Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Overall Sector Winner

      • StarHub

        • Highest Weighted Return on Equity Over Three (3) Years Award

    • CONSUMER CYCLICAL

      • Centurion Corporation Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

      • Genting Singapore

        • Highest Growth in Profit After Tax Over Three (3) Years Award

    • CONSUMER DEFENSE

      • Bumitama Agri Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Overall Sector Winner

      • First Resources Ltd

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • Sheng Siong Group

        • Highest Weighted Return on Equity Over Three (3) Years Award

    • ENERGY

      • Seatrium Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • FINANCIAL SERVICES

      • DBS Group

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

        • Highest Growth in Profit After Tax Over Three (3) Years Award [SUPER BIG CAP COMPANIES]

        • Overall Sector Winner [SUPER BIG CAP COMPANIES]

    • HEALTHCARE

      • Tianjin Pharmaceutical Da Ren Tang Group

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • INDUSTRIALS

      • Yangzijiang Shipbuilding Holdings

        • Highest Returns to Shareholders Over Three (3) Years

      • Sembcorp Industries

        • [COMPANY OF THE YEAR]

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Overall Sector Winner

      • Singapore Technologies Engineering Ltd

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Highest Returns to Shareholders Over Three (3) Years [SUPER BIG CAP COMPANIES]

        • Highest Weighted Return on Equity Over Three (3) Years Award [SUPER BIG CAP COMPANIES]

    • REAL ESTATE COMPANIES

      • GuocoLand

        • Highest Returns to Shareholders Over Three (3) Years

      • City Developments Limited

        • [Best ESG Risk Ratings]

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • Real Estate Investment Trusts (REITs)

      • AIMS APAC REIT

        • Highest Returns to Shareholders Over Three (3) Years

      • CapitaLand Ascott Trust

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • Mapletree Industrial Trust

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Mapletree Pan Asia Commercial Trust

        • Overall Sector Winner

    • TECHNOLOGY

      • iFAST Corporation Limited

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • SUPER BIG CAP COMPANIES

      • Singapore Technologies Engineering Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award [INDUSTRIALS]

      • DBS Group

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Overall Sector Winner

        • Highest Returns to Shareholders Over Three (3) Years [FINANCIAL SERVICES]

        • Highest Growth in Profit After Tax Over Three (3) Years Award [FINANCIAL SERVICES]

        • Highest Weighted Return on Equity Over Three (3) Years Award [FINANCIAL SERVICES]

        • Overall Sector Winner [FINANCIAL SERVICES]

  • Centurion Club

    • COMPANY OF THE YEAR

      • Food Empire Holdings Ltd

        • Highest Returns to Shareholders Over Three (3) Years [CONSUMER DEFENSE]

        • Highest Growth in Profit After Tax Over Three (3) Years Award [CONSUMER DEFENSE]

        • Highest Weighted Return on Equity Over Three (3) Years Award [CONSUMER DEFENSE]

        • Overall Sector Winner [CONSUMER DEFENSE]

    • BASIC MATERIALS

      • BRC Asia Limited

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

      • Pan-United Corporation Ltd

        • Highest Growth in Profit After Tax Over Three (3) Years Award

    • CONSUMER CYCLICAL

      • Sim Leisure Group

        • Highest Returns to Shareholders Over Three (3) Years

      • Valuemax Group

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • Vicom Ltd

        • Highest Weighted Return on Equity Over Three (3) Years Award

      • Moneymax Financial Services Ltd

        • Overall Sector Winner

    • CONSUMER DEFENSE

      • Food Empire Holdings Ltd

        • [COMPANY OF THE YEAR]

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • ENERGY

      • Baker Technology Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Overall Sector Winner

      • China Aviation Oil

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • RH Petrogas Ltd

        • Highest Weighted Return on Equity Over Three (3) Years Award

    • FINANCIAL SERVICES

      • Credit Bureau Asia Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • HEALTHCARE

      • ISEC Healthcare Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • INDUSTRIALS

      • Oiltek International Ltd

        • Highest Returns to Shareholders Over Three (3) Years

      • Nam Cheong Ltd

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • Hafary Holdings Ltd

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • REAL ESTATE COMPANIES

      • LHN Ltd

        • Highest Returns to Shareholders Over Three (3) Years

        • Overall Sector Winner

      • Tosei Corp

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • PropNex

        • Highest Weighted Return on Equity Over Three (3) Years Award

    • REAL ESTATE INVESTMENT TRUSTS (REITs)

      • First Real Estate Investment Trust

        • Highest Returns to Shareholders Over Three (3) Years

        • Highest Growth in Profit After Tax Over Three (3) Years Award

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • TECHNOLOGY

      • Multi-Chem Ltd

        • Highest Returns to Shareholders Over Three (3) Years

      • CSE Global Ltd

        • Highest Growth in Profit After Tax Over Three (3) Years Award

      • Azeus Systems Holdings

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

    • UTILITIES

      • Zheneng Jinjiang Environment Holding Co Ltd

        • Highest Returns to Shareholders Over Three (3) Years

      • China Everbright Water Ltd

        • Highest Weighted Return on Equity Over Three (3) Years Award

        • Overall Sector Winner

Readers can decide whether these DeepSeek insights about these stocks are accurate (albeit DeepSeek more or less generated a quick summary this time):

🤖 DeepSeek Analysis

  1. Growth & Sector Leaders

  2. Value & High Dividend Yield Plays

  3. Turnaround & Recovery Stories

  4. High ROE & Efficient Operators

  5. Niche & Specialized Players

Why These Stocks Stand Out

And as always, this post is provided for informational purposes only (and to make your life easier…). It does not constitute investment advice and/or a recommendation…


📈🗄️ Fund documents / updates; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🇼 Wikipedia page; 🔬 Research analysis (including articles/blog posts from fund managers, etc.); 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Linked archived article; ⏰ Upcoming webinar or event.

Frontier & Emerging Market Stock Index


Billion Dollar Club

COMPANY OF THE YEAR

Sembcorp Industries

Highest Growth in Profit After Tax Over Three (3) Years Award [INDUSTRIALS]

Overall Sector Winner [INDUSTRIALS]

📝 Sembcorp wins Company of the Year with growing energy portfolio; ST Eng, YZJ Shipbuilding chalk up respective wins (The Edge Singapore) November 2025

  • 🌐 Sembcorp Industries (SGX: U96 / FRA: SBOA / OTCMKTS: SCRPF) - Investment holding company. Renewables, integrated urban solutions, conventional energy & other businesses in Singapore, UK, China, India, rest of Asia, Middle East & internationally. 🇼 🏷️

  • Price/Book (Current): 2.04

  • Forward P/E: 10.29 / Forward Annual Dividend Yield: 3.01% (Yahoo! Finance)

Best ESG Risk Ratings

City Developments Limited

Highest Growth in Profit After Tax Over Three (3) Years Award [REAL ESTATE COMPANIES]

Highest Weighted Return on Equity Over Three (3) Years Award [REAL ESTATE COMPANIES]

Overall Sector Winner [REAL ESTATE COMPANIES]

📝 CityDev leads real estate sector; GuocoLand generates highest returns to shareholders with twin-engine strategy (The Edge Singapore) November 2025

📝 CDL back on track with South Beach divestment while keeping pace with nature reporting (The Edge Singapore) November 2025

  • 🌐 City Developments Limited (SGX: C09 / FRA: CDE / OTCMKTS: CDEVY) - Global real estate company. 143 locations in 28 countries & regions. Residences, offices, hotels, serviced apartments, student accommodation, retail malls & integrated developments. 🇼 🏷️

  • Price/Book (Current): 0.91

  • Forward P/E: 29.67 / Forward Annual Dividend Yield: 0.87% (Yahoo! Finance)


BASIC MATERIALS

Keppel Infrastructure Trust

Highest Returns to Shareholders Over Three (3) Years

Overall Sector Winner

📝 Keppel Infrastructure’s essential role underpins steady returns; Sri Trang Gloves (Thailand) delivers record earnings (The Edge Singapore) November 2025

  • 🌐 Keppel Infrastructure Trust (SGX: A7RU / OTCMKTS: KPLIF) - 3 core segments: Energy transition, environmental services & distribution & storage. 🏷️

  • Price/Book (Current): 1.92

  • Forward P/E: 51.55 / Forward Annual Dividend Yield: 7.65% (Yahoo! Finance)

Sri Trang Gloves (Thailand) PCL

Highest Weighted Return on Equity Over Three (3) Years Award

📝 Keppel Infrastructure’s essential role underpins steady returns; Sri Trang Gloves (Thailand) delivers record earnings (The Edge Singapore) November 2025

  • 🌐 Sri Trang Gloves (Thailand) PCL (BKK: STGT / STGT-F / SGX: STG) - Natural latex, nitrile examination & general-purpose disposable gloves. 🏷️

  • Price/Book (Current): 0.71

  • Trailing P/E: 27.79 (no forward P/E) / Forward Annual Dividend Yield: 5.29% (Yahoo! Finance)


COMMUNICATIONS SERVICES

Singapore Telecommunications Ltd

Highest Returns to Shareholders Over Three (3) Years

Highest Growth in Profit After Tax Over Three (3) Years Award

Overall Sector Winner

📝 Singtel tops sector as shareholder-friendly strategy gains traction; StarHub shines with ‘best in class’ ROE (The Edge Singapore) November 2025

  • 🌏 Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF) or Sintel - Telecommunication + data center, ICT, etc. services. 🇼 🏷️

  • Price/Book (Current): 2.70

  • Forward P/E: 22.22 / Forward Annual Dividend Yield: 2.95% (Yahoo! Finance)

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Emerging Market Skeptic · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture