MAS S$5 Billion Equity Boost – May 2025 Update
- ellaintan
- May 28
- 1 min read
On 25 May 2025, MAS confirmed it will begin shortlisting fund managers for the S$5 billion Equity Market Development Programme (EQDP) by Q3 2025. This follows strong interest from both local and global asset managers. UOB Research expects capital deployment to kick off in Q4 2025, marking a key inflection point for Singapore’s equity market revival.
The EQDP is designed to inject liquidity into actively managed funds with a strong allocation to Singapore-listed stocks, albeit with a tilt towards small and mid-cap names. In anticipation, analysts have highlighted select counters that could see fund flows and valuation support.
Stocks mentioned by at least two analysts as likely beneficiaries include:
ComfortDelGro – A yield-driven SMID counter with overseas expansion and acquisition-led earnings upside
Frencken – Semicon exposure with revenue recovery already underway; structurally geared to tech upcycle
IFAST – Digital wealth platform expected to ride on stronger trading volumes and AUM growth
PropNex – Leverage to residential transactions and a proxy for domestic cyclical recovery
Centurion – Strong fundamentals with rental resilience; viewed as undervalued by multiple houses
China Sunsine – Market leader in rubber chemicals with >70% net cash; overlooked industrial value
CSE Global – Healthy orderbook and consistent dividend; positive exposure to infrastructure spend
SIA Engineering – MRO tailwinds, net cash, and tariff-insulated earnings profile
Hong Leong Asia – Beneficiary of regional construction momentum; positioned for profit rebound
If EQDP allocations begin as planned, these names are likely to see institutional attention ahead of the crowd. Investors looking to position early may want to keep them on radar.
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