4 Singapore blue-chip winning stocks to boost dividends this earnings season

SINGAPORE: This earnings season, investors closely monitor Singapore’s blue-chip winning stocks for their stability and reliable dividends.

The company’s portfolio occupancy rate improved to 91.9%, up from 91.4% the previous quarter, while the average rental reversion for renewals was a positive 9.2%.Revenue increased by 3.1% YoY to S$1.2 billion, while net profit rose by 4.7% YoY to S$597.9 million. SGX raised its quarterly dividend from S$0.085 to S$0.09, making the annualised dividend S$0.36, up from S$0.34 the previous year.

SGX’s management is optimistic about future growth, targeting a 6% to 8% annual increase in revenue over the medium term. The exchange plans to achieve this through initiatives to strengthen the equities market and enhance regional connectivity by forging ASEAN partnerships and collaborations.OCBC, Singapore’s second-largest bank, posted strong results for the first half of 2024 . Net interest income grew 3% YoY to S$4.9 billion, and total income rose 7% YoY to S$7.

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