If you’re looking for stocks to add to your buy watchlist, here are three blue-chip stocks that reported growing profits, according to The Smart Investor.United Overseas Bank , Singapore’s third-largest bank, posted strong results for Q3 2024. Its net interest income rose by 1% year-on-year to S$2.5 billion, while fee income grew by 7% YoY to S$630 million.The company’s total income grew by 11% YoY to S$3.8 billion. The bank’s operating profit increased by 10% YoY to S$2.
According to CEO Wee Ee Cheong, UOB plans to actively manage its capital, with S$2 billion to S$2.5 billion in extra capital from Basel IV reforms, which it may use for growth or return to shareholders through share buybacks or higher dividends.Singtel, Singapore’s largest telecommunications company, posted steady results for the first half of fiscal 2025 ending Sept 30, 2024.
Digital InfraCo and Singtel Singapore maintained stable performances with operating profits of S$39 million and S$439 million, respectively. Revenue increased by 14.8% YoY to S$2.8 billion, while operating profit grew more than three times from S$72 million to S$240.1 million.SATS also reported a positive free cash flow of S$113.2 million for 1H FY2025, a turnaround from the negative free cash flow of S$20.7 million in 1H FY2024.Flights handled increased by 5.5% YoY to 316,000 during the period. Cargo tonnage also grew 17.5% YoY to 4.4 million tonnes, while the number of aviation meals served rose 26.1% YoY to 32.3 million.
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Source: IndependentSG - 🏆 9. / 63 Read more »
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Source: IndependentSG - 🏆 9. / 63 Read more »