Blue-chip stocks are famed for their stability and dependability.
Such stocks offer a safe harbour during troubled times as they have a track record of weathering both good times and bad.
Some investors like to hunt through the bargain bin to see which stocks are scrapping their year-lows.
However, from experience, such businesses may turn out to be value traps.
Instead, you can look for stocks that are scaling a new 52-week high.
Investors may be feeling optimistic about the company’s business prospects and have pushed its share price higher.
Let’s take a look at three Singapore blue-chip stocks that recently hit new year highs to see if they should qualify to be on your buy watchlist.
Keppel Corporation Limited (SGX: BN4)
Keppel is a conglomerate with four divisions – energy & environment, urban development connectivity, and asset management.
The group’s share price recently touched a 52-week high of S$7.72 and is up almost 48% year to date to close at S$7.64....