Time flies and we bid farewell to a 2023 rocked by surging inflation and a sharp increase in interest rates. Investors are hoping that 2024 sees calm returning to a market rocked by uncertainty. Despite the tough year, several blue-chip stocks have pulled off impressive gains. These companies saw their businesses doing well last year and managed to thrive despite the challenges. Investors could be looking at these stocks continuing their healthy gains in 2024. We profile three blue-chip stocks that registered double-digit gains last year to determine if they can repeat this feat.

Singapore Technologies Engineering Ltd (SGX: S63)

Singapore Technologies Engineering, or STE, is a technology, defence and engineering group that serves businesses in the smart city, aerospace, defence, and public security segments. STE chalked up a share price gain of 15.4% for 2023, closing at S$3.89. The group reported healthy top-line growth for the first nine months of 2023 (9M 2023). Group revenue rose 12% year on year to S$7.3 billion...