Singapore Stocks at Record Highs: Should You Invest Wait for a Pullback?

Singapore’s Straits Times Index (STI) has recently surpassed the 4,200 mark, hitting an all-time high of 4,274.32 on July 24, 2025. This surge raises a crucial question for investors...

Singapore’s Straits Times Index (STI) has smashed through the 4,200 barrier for the first time ever, closing at 4,274.32 on July 24, 2025. Every time we see a new high, I get a flood of questions: “Iggy, should I buy now or wait for the market to cool off?” Today, let’s break it down like we always do—numbers first, then practical steps, minus the jargon.

STI Valuation Snapshot: Where Do We Stand?

STI Market Stats at a Glance

STI valuations look rich using both P/E and price-to-book. On earnings yield (what you get for each dollar invested), stocks still pay out much more than bonds. Dividend yields are holding up, so income investors remain supported. It’s not a screaming bargain, but it’s not bubble territory by the numbers.