OCBC Ltd (SGX: O39)
OCBC needs no introduction, being the second-largest bank in Singapore by market capitalisation. The lender has fared very well this year as higher interest rates boost both its net interest margin (NIM) and net interest income (NII). For its recent third quarter 2023 (3Q 2023) earnings, the bank reported a 35% year-on-year jump in NII to S$7.2 billion for the first nine months of 2023 (9M 2023)....It has not been an easy time for investors.
Stock markets have gyrated wildly this year because of the combination of high inflation and surging interest rates.
Amid the turmoil, investors are also worried that a recession may hit the economy soon and affect the revenue and profits of the stocks they own.
Blue-chip stocks are well known for their reputation, long track record and resilience.
Owning such stocks means you can not only sleep well at night but feel confident that they can weather the storm.
Here are three solid Singapore blue-chip stocks that are dishing out a dividend yield of 5.7% or higher.
