Singapore stocks witnessed an uneventful year in 2023. The Straits Times Index (STI) gained around 1% last year. Nonetheless, many analysts delivered higher returns with their well-researched ratings. Using TipRanks’ Expert Center tool, we have identified the top five analysts who delivered impressive performance and fared better than the broader Singapore stock market in 2023.
The TipRanks Star Ranking system analyzes experts based on their success rates, average returns, and statistical significance.
Top 5 Singapore Analysts in 2023
#1 William Tng (CGS-CIMB)
CGS-CIMB analyst William Tng was the top analyst for the Singapore stock market in 2023, with a success rate of 67.64%. His average return per rating was 7.5% last year. Tng mainly covers the technology sector in Singapore. Tng’s best rating last year was SGX-listed AEM Holdings Ltd. (SG:AWX), a leading provider of semiconductor test solutions. His Buy rating on the stock generated a return of 33.6% from March 17, 2023, to June 17, 2023.
#2 Adrian Loh (UOB Kay Hian)
Adrian Loh ranked second in 2023. He achieved a success rate of 55.36% and an average return of 3.3%. Loh is mainly focused on the energy and industrial sectors. His best rating for 2023 was Singapore-based conglomerate Sembcorp Industries Ltd. (SG:U96), which is involved in the energy and urban development sectors. His Buy rating on the stock from March 3, 2023, to June 3, 2023, led to a return of 40%.
#3 Lim Siew Khee (CGS-CIMB)
Lim Siew Khee took the third spot with a success rate of 44.83% and an average return of 3.4%. Khee’s best rating for 2023 was also Sembcorp, which generated a solid return of 41.4% with a Buy rating from March 14, 2023, to June 14, 2023.
#4 Jarick Seet (Maybank)
Jarick Seet bagged the fourth spot last year and delivered a success rate of 54.17%. His average return was 3.2%. Seet’s best rating was on Food Empire Holdings Limited (SG:F03), which specializes in branded food and beverage manufacturing. His Buy call on the stock delivered a return of 35.6% from February 10, 2023, to May 10, 2023.
#5 John Cheong (UOB Kay Hian)
John Cheong from UOB Kay Hian secured the fifth spot. Cheong achieved a success rate of 52.27%, along with an average return of 2.2%. Cheong’s Buy rating on confectionery manufacturer Delfi Limited (SG:P34) was the best recommendation, generating a return of 52.2% from February 20, 2023, to May 20, 2023.
Conclusion
Despite the lacklustre performance of the Singapore stock market, the top analysts delivered market-beating returns in 2023. By utilizing the TipRanks platform and adhering to the advice of such analysts, investors can make decisions that have the potential to yield higher returns in the future.
