The Straits Times Index closed at an all-time high of 5,801.96 on 4 September 2026 – up about 35% over the past year.Have I already missed it?A record share price doesn’t automatically mean a stock is expensive – sometimes it just means the business improved enough to justify it.The real test is what’s behind the price: are earnings growth, cash flow, and competitive position keeping pace?DBS, Sheng Siong, and SGX all pass that test.The question worth asking isn’t whether they’ve gone up too much, but wheth ...