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3 Singapore Billion-Dollar Stocks Growing Their Year on Year Profit
By The Smart Investor  •  August 19, 2021
With the move towards reopening, businesses are starting to recover. . Blue-chip companies that are well-positioned to ride the economic upswing have posted encouraging sets of financial numbers. These billion-dollar companies are not just reporting healthy growth, but are also equipped with a catalyst to enable them to continue doing well. Here are three billion-dollar Singapore stocks that have defied the odds by growing their net profit. Venture Corporation Limited (SGX: V03) Venture Corporation is a global provider of technology products, services and solutions. The group manages a portfolio of more than 5,000 products and employs 12,000 people worldwide. The S$5.6 billion technology giant reported a respectable set of numbers for its fiscal 2021 first half (1H2021). Revenue inched up 4.9% year on year to S$1.4 billion while net profit rose 7.6% year on year to S$140.4 million. The group generated S$161.1 million of free cash flow for the period and had a net cash balance of S$922.2 million as of 30 June 2021....
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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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