SINGAPORE: If you’re looking for Singapore blue-chip stocks with strong potential for profit growth, then these four companies are known for their stability and resilience.City Developments Limited , a global property giant, reported a remarkable performance in the first quarter of 2024. Sales revenue surged to S$736.8 million, a substantial increase from the previous year’s S$213.2 million.
With plans to launch two new residential projects, Union Square Residences with 366 units and Champions Way with 348 units, and invest S$50 million in asset enhancement initiatives, CDL is poised for significant profit growth in the coming quarters.Genting Singapore, renowned for its integrated resort at Resorts World Sentosa , witnessed a remarkable revenue surge in the first quarter of 2024. Revenue soared to S$784.4 million, reflecting a strong tourism rebound in North Asia.
With strategic initiatives such as asset recycling and the introduction of ST28, the group aims to optimise its core business, scale its growth engines, and fund capital expenditure with external partners.Singapore Technologies Engineering delivered impressive results in 2023, with revenue reaching S$10.1 billion and operating profit rising to S$914.7 million.With new contracts worth a staggering S$3 billion secured in the first quarter and an order book at S$27.
Source: News Formal (newsformal.com)
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