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3 Reasons Why I Think This Stock Will Do Well
By The Smart Investor  •  August 14, 2020
It’s not often that you encounter a company that offers a mix of growth and dividends. Especially during a pandemic that has depressed Singapore’s growth to its lowest since independence. Singapore Exchange Limited (SGX: S68), or SGX, is one such company, plus it is also part of the Straits Times Index’s (SGX: ^STI) 30 components. The company’s inclusion in the index means that it is considered to be a blue-chip company. SGX has the advantage of being a digitally-led business that owns and operates an online platform for the buying and selling of securities. Hence, the business has emerged relatively unscathed during this crisis, as its services are deemed to be “essential”. For the fiscal year ended 30 June 2020, SGX reported a sparkling set of earnings. Revenue increased by 16% year on year to S$1.05 billion, while net profit after tax jumped by 21% year on year to S$472 million. A final quarterly dividend of S$0.08 was declared...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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