4 Singapore Stocks Smashing Past Their 52-Week Highs: Are They a Buy?

A good way of filtering the market for potential stock ideas is to scan through the 52-week high list.Such stocks are hitting new highs because of good news such as encouraging earnings reports or savvy acquisitions.However, you also need to analyse the business to determine if it can continue to do well.We highlight four Singapore stocks that recently broke through new 52-week highs and try to determine if they could be solid additions to your portfolio.

Singapore Exchange Limited (SGX: S68)

Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.Shares of SGX hit their 52-week high of S$14.04 but have since declined to around S$12.79.The bourse operator released a strong set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 December 2024.Net revenue rose 15.6% year on year to S$646.4 million.Net profit excluding exceptional items climbed 27.3% year on year to S$320.1 million.In line with the good results, SGX upped its interim quarterly dividend to S$0.09 from S$0.085, bringing its annualised dividend per share to S$0.36.Management is confident of growing its dividend at mid-single-digit compound annual growth rate (CAGR) in the medium term.The blue-chip group is also optimistic that it can grow its revenue by 6% to 8% CAGR over the same period.SGX reported an encouraging set of January 2025 statistics that saw its INR/USD Forex Futures traded volume surge 53% year on year to 1.92 million contracts.Meanwhile, a review group set up by the Monetary Authority of Singapore to boost trading on SGX has come up with its first set of recommendations.These include tax incentives to attract more companies and fund managers to list in Singapore and incentivise the launch and growth of funds with investments in local equities.