What happened?
During our recent webinar on identifying income opportunities in Singapore, I shared that one of the factors to consider when picking dividend stocks is whether the company’s profits are improving. This will provide us with some indication on whether the dividends are sustainable. Hence, scouting for strong businesses with wide moats that have increased their profits is one way to go about identifying suitable investment opportunities. We earlier wrote about Singapore REITs that raised their distributions in 2023. In this article, I will identify four Singapore blue-chip companies that recently reported higher profits. Here are 4 stocks that announced higher earnings - DBS, OCBC, Genting Singapore and ComfortDelgro.4 Singapore blue chip stocks that reported higher profits
#1 – DBS Group
DBS is Singapore’s largest bank by market capitalisation.
The bank recently saw its market capitalisation cross the pivotal S$100 billion mark, a first for any Singapore company.
This milestone
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