Blue-chip stocks are a great source of investment ideas for new investors.
These stocks are so named because they represent strong and stable businesses with long track records.
The Straits Times Index (SGX: ^STI), or STI, contains 30 of the largest blue-chip stocks on the Singapore stock exchange.
As of 15 June 2022, the index has chalked up a slight negative return of -0.57%.
If you dug deeper into the component stocks within the benchmark index, you’d see that some had performed significantly better while others did worse.
Here are three blue-chip stocks that beat the STI by a wide margin and could have more room to run.
Sembcorp Industries Ltd (SGX: U96)
Sembcorp Industries Ltd, or SCI, is a leading energy and urban solutions provider.
The group has an energy portfolio of more than 15 gigawatts (GW), of which over 4.5 GW comprises renewable energy such as solar and wind energies....