We look at the top three Singapore blue chip stocks in July which saw gains of about 13% or more, and what investors should watch after the rally.
What happened?
Singapore blue chips rallied strongly in July.
We continue to see DBS, OCBC and UOB reach record highs over the past month.
At the same time, we saw SIA report its first quarterly loss since 2022 and examined why Keppel’s headline profit fell even as its core business continued to grow.
With the August earnings season getting underway, we also looked at 3 Singapore blue-chip stocks due to report in the weeks ahead.
Investors may be wondering whether July’s strongest blue-chip stocks can continue to outperform, or whether some of the good news has already been priced in.
In this article, I look at what drove the gains in July’s top performers, how they fare under Beansprout’s Opportunity Pot screen and what investors may want to watch next....