Baker Technology (SGX: BTP)
Baker Technology deals with the design and construction of a wide range of equipment and components used in the offshore and marine sector. These include offshore pedestal cranes, anchor winches, and skidding systems. For the first half of 2024 (1H 2024), revenue jumped 33% year on year to S$52.4 million....When it comes to share investments, there’s a saying that goes – when the business does well, the share price will follow.
This statement holds true because investors are willing to pay a higher price to own a piece of an improving business.
Hence, it makes sense for investors to look for businesses which are growing their revenue and profits over time.
Such businesses should see their share prices trending higher over time, thus netting attractive capital gains for their shareholders.
Here are four Singapore stocks that recently reported higher profits that you could consider adding to your buy watchlist.