3 Singapore blue-chip stocks the next generation can still benefit from

SINGAPORE: Blue-chip stocks are known to offer a solid foundation for any investor’s portfolio. Selecting the right ones can provide a pathway to long-term financial security, making them ideal assets to pass down to your children.As Singapore’s largest bank by market capitalisation, DBS Group has established itself as a cornerstone of stability in the financial sector. Despite navigating various economic cycles, DBS has consistently demonstrated strength and resilience.

DBS declared a final dividend of S$0.54, a 26% increase from the previous year. Furthermore, a 1-for-10 bonus issue was announced, highlighting the company’s commitment to shareholder value.CEO Piyush Gupta remains optimistic about 2024. He expects sustained net interest margins and double-digit growth in fee income, supported by Taiwan’s acquisition of DBS’s Citigroup.Singapore Exchange Limited is Singapore’s sole stock exchange operator. In fiscal 2023, SGX reported a revenue increase of 8.

Despite facing challenges in the first half of fiscal 2024, SGX remains focused on strengthening its global distribution capabilities and fostering deeper partnerships.In 2023, the company reported impressive financial results, with revenue rising by 11.8% year-on-year to S$10.1 billion. Operating profit saw a substantial increase of 24.4%, while net profit, excluding one-off items, would have grown by 24% to S$610 million.

The final dividend for 2023 amounted to S$0.04, bringing the total dividends for the year to S$0.16. Notably, the TransCore acquisition has yielded positive earnings, while the Satcom sub-division undergoes transformational changes.

Source: News Formal (newsformal.com)

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