Last year, DBS Group Research’s group head Timothy Wong turned heads when he predicted in his October 2025 report that the STI could reach nearly 10,000 points by 2040. Wong’s colleagues, Yeo Kee Yan and Foo Fang Boon, later said in a Dec 11, 2025, note that the STI could very well reach 4,880 points by the end of this year.
The analyst chatter around the Straits Times Index (STI) can feel more like an auction than a stock market, with bullish calls on just how high the blue-chip index can go.
Maybank Securities’ Thilan Wickramasinghe says in his Jan 12 note that he expects the index to hit 5,600 points, driven by factors such as macroeconomic resilience, increased liquidity from structural reforms, rising initial public offerings and declining interest rates.
