Blue-chip companies are named as such due to their size and long track record.
These factors make them popular among investors who are seeking the stability of a well-established company.
However, being businesses, even blue chips can fall on tough times if they do not play their cards right.
And when it comes to searching for suitable dividend-paying stocks, the ability to successfully navigate crises is an important attribute to look out for.
The COVID-19 pandemic has thrown a huge wrench into the growth plans of many blue-chip companies.
Keppel Corporation Limited (SGX: BN4) is one of them.
The conglomerate with diverse operations in offshore and marine, property, infrastructure and investments recently released its first-half fiscal 2020 earnings (1H 2020).
Unfortunately, it was a downbeat set of earnings, with revenue dipping slightly from S$3.3 billion to S$3.2 billion.
Keppel Corporation also took a hefty S$930 million impairment charge, resulting in a sizable loss of S$537 million for the quarter....