Blue-chip stocks are known for their resilience during different economic cycles.
Their large size and long track record make them outstanding candidates to own for peace of mind.
To top it off, most blue-chip stocks also pay out a dividend, helping investors generate a useful source of passive income.
However, sentiment can sometimes lead to depressed valuations even for blue-chip stocks.
Here are three solid blue-chip stocks that we believe are too cheap to ignore.
Hongkong Land Holdings (SGX: H78)
Hongkong Land Holdings, or HKL, is a property development, management, and investment group.
The property giant owns and manages more than 850,000 square metres of prime luxury retail and commercial properties in Singapore, Hong Kong, Beijing, and Jakarta.
For 2023, the group reported an underlying net profit of US$734 million, down 5% year on year.
However, the property developer maintained its annual dividend of US$0.22 per share despite the slightly weaker results.
HKL’s net asset value (NAV) stood at US$14.49 per share as of...