OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank by market capitalisation and offers a comprehensive range of banking, insurance, and investment services. The lender recently reported a stellar set of earnings for 2023. Net interest income climbed 25% year on year to S$9.6 billion in line with the increase in global interest rates. Non-interest income also rose...Compounding is so amazing that it has been termed as the eighth wonder of the world.
This process involves the reinvestment of your money to generate even more money.
Compounding works well with dividend-paying stocks as you can use these dividends to buy shares of the same stocks that paid out the dividends.
Blue-chip stocks are a great place to start your compounding journey.
This category of stocks not only boasts a long track record but comprises businesses that have gone through good times and bad.
Here are four Singapore blue-chip stocks you can consider for your buy watchlist.
