The Singapore GDP grew by about 4.5% compounded annual growth rate over the past 10 years.

I suspected there would be blue chips that grew faster than the GDP but I didn’t have a sense who they were and how many were out there.

This is a study to find them.

First we define blue chips as stocks in the Straits Times Index (STI). There are 30 of them.

Second, what growth are we talking about? Revenue? Earnings? Cash Flow? Dividends? In this case we will focus on earnings. At the end of the day, earnings growth is one of the strong drivers for stock price appreciation.

We will also be using Earnings Per Share (EPS) instead of just earnings for the calculation of the growth rates. This is because we want to normalise the effects of those companies who issue shares to acquire companies, which would increase