OCBC Ltd (SGX: O39)
OCBC is Singapore’s second-largest bank by market capitalisation. The lender offers a comprehensive range of services including banking, insurance, and investments for both individuals and corporations. OCBC released a sparkling set of earnings for the first quarter of 2024 (1Q 2024). Net interest income rose 4% year on year to S$2.4 billion for the quarter. Total income increased by 8% year on year to S$3.6 billion...Blue-chip stocks are so-named because of their ability to brave through multiple economic cycles.
Such stocks qualify as a dependable layer of stocks to serve as the bedrock of investors’ portfolios.
In addition to remaining resilient in the face of economic headwinds, most blue-chip stocks also dish out a dividend.
This source of passive income, coupled with the peace of mind afforded by this category of stocks, makes them a popular choice for many investors.
Here are four Singapore blue-chip stocks that could be perfect for your portfolio.
