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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Theatre Company returns to Singapore Repertory Theatre name after contentious rebrandTheatremakers who objected to the name change in February welcome SRT's latest announcement.
Source: The Straits Times - 🏆 8. / 63 Read more »

Why Singapore firms are entering the German market, and how Enterprise Singapore is helping themEnterprise Singapore, which champions internationalisation, said it has seen a spike in companies exploring opportunities in Europe post-pandemic.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

MAS sets up review group to boost the development of Singapore's stock marketNew listings on the Singapore Exchange (SGX) have been dwindling, and there has been a steady stream of delistings over the years.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stock market rout worsens in Asia: Singapore share index sinks 4.6%, Japan dives 12%Fears the US could be heading for recession sent investors rushing from risk assets.
Source: straits_times - 🏆 5. / 69 Read more »