As the recovery gains pace, many companies have seen their fortunes improving.
Not only have economies reopened gradually, but consumer demand and spending have also improved in tandem.
The brighter outlook is causing businesses to report better revenue, earnings and cash flows.
This optimism has been reflected in several blue-chip stocks as their share prices hit a 52-week high.
A bigger question on investors’ minds will be — can this run continue?
We take a look at five such stocks to determine if their businesses can continue to grow.
Keppel Corporation Limited (SGX: BN4)
Keppel Corporation is a conglomerate with four core divisions — energy and environment, urban development, connectivity, and asset management.
The group’s shares hit a 52-week high of S$6.83 recently, up nearly 23.1% from a year ago.
Keppel released its fiscal 2022’s first quarter (1Q2022) business update recently.
The conglomerate saw an improvement in both revenue and net profit on a year on year basis....