Earnings season is around the corner.
As investors sit back and digest the latest financial updates from the companies they own, all eyes will focus on the crop of
blue-chip stocks.
The reason is simple.
Blue-chip stocks are well-known for their
resilience and track record, hence their earnings will set the tone for many other businesses.
We highlight three blue-chip stocks that look poised to report higher profits during the upcoming earnings season.
DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation.
The lender provides a range of banking, insurance, and investment services to corporations and individuals.
DBS reported a
sparkling set of results for its third quarter 2023 (3Q 2023) earnings.
For the first nine months of 2023 (9M 2023), total income grew 27% year on year to S$15.2 billion on the back of a 46% year-on-year jump in net interest income.
Net profit climbed 33% year on year to S$7.8 billion....