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3 Dividend Paying Blue Chips Pushing Singapore’s STI to a 6 Year High
By The Smart Investor  •  September 13, 2024
Yesterday, Singapore’s Straits Times Index (SGX: ^STI) surged to a new 52-week high, reaching levels last seen in 2018, more than six years ago. Behind this rise are gains across a wide range of blue-chip stocks, including those from the airline, banking, and telecommunications sectors. Many of the STI stocks pay a dividend too. Here are three blue-chip dividend stocks among the year’s top gainers. Yangzijiang Shipbuilding (SGX: BS6) Yangzijiang Shipbuilding, or YZJ, has been a standout performer with shares rising 61% year to date. The Chinese shipbuilder owns four shipyards in the Jiangsu province along the Yangtze River, producing a range of commercial vessels including large containerships, bulk carriers and liquefied natural gas carriers (LNG) carriers. For the first half of 2024 (1H’24), YZJ’s revenue rose 15.3% year on year to around RMB 23.1 billion. Gross profit leapt 65.1% year on year to RMB 3.5 billion due to favourable exchange rates and pricing while net profit soared by over 77%...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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