Some businesses are enjoying their time in the sun as they report strong results for 2023. The better results came about due to a combination of factors such as higher interest rates, improved consumer sentiment, a surge in demand for air travel, and successful business development initiatives. Investors are, however, keeping an eye out on the future as higher earnings will determine the trajectory of the stock’s share price. We profile four Singapore companies that are well-positioned to report better profits that should cause their share prices to rise in tandem.

DBS Group (SGX: D05)

DBS needs no introduction as it is Singapore’s largest bank by market capitalisation. The lender reported a strong set of earnings for 2023 as high interest rates boosted its net interest income. Total income jumped 22% year on year to S$20.2 billion while operating profit climbed 29% year on year to S$12.1 billion. The bank reported a record net profit of S$10 billion for 2023, up 23% year on year....