City Developments Limited (SGX: C09)
City Developments Limited, or CDL, is a global real estate company with a network covering 163 locations within 29 countries. The group’s portfolio comprises residences, offices, hotels, serviced apartments, retail malls, and integrated developments. Shares of the property giant have tumbled by 20.6% year-to-date (YTD) and recently touched their 52-week low of S$5.16. CDL released an encouraging operational update for the first quarter of 2024 (1Q 2024)....Blue-chip stocks are famed for their resilience and solid track record.
Investors include such stocks within their portfolios to act as a stable foundation through various economic cycles.
Despite their status as dependable businesses, blue-chip stocks do come under pressure from time to time as sentiment towards their businesses may sour.
The key is for investors to discern if such troubles are temporary and that the shares could represent attractive bargains.
Here are five Singapore blue-chip stocks that recently plumbed their 52-week lows. Do these businesses deserve a place within your buy watchlist?
