The term “blue-chip stocks” denotes stocks and shares of successful companies that are considered leaders in their respective fields and segments. The term comes from poker, where the highest-value chips are blue in colour; similarly, blue chip stocks are regarded as some of the highest quality stocks in the market. A hallmark of a blue-chip stock is a proven record...
Keppel Corporation, a conglomerate dealing in energy and environment, urban development, connectivity, and asset management, had a stellar 2022. For the first nine months of the year, the company saw $6.8 billion in revenue — a 24 per cent spike year on year. This was attributed to higher contributions from three of its four business segments as well as 11 per cent increase year on year to $186 million via asset management fees.
The bank has been well-placed to benefit from the relentless interest rate hikes that characterised the past three years. This has resulted in significant jumps in revenue in 2022, and in turn helping to raise dividends to a total of $1.44 per share in 2022.announced along with its first dividend payout of the year, bumping the total to $1.34 per share. There are two more tranches to be announced, and investors are no doubt waiting with glee.
Singtel is well poised to benefit from monetisation of 5G, monetisation of data centres and/or NCS and the resumption of regional roaming revenue as travel picks up.Another beneficiary of the Fed rate hikes is OCBC Bank which, in 2022, posted its highest dividend in over 20 years. Last year, investors enjoyed a record $0.56 per share in total dividend payouts, a 39 per cent increase over 2021’s payout of $0.409 per share..
The company looks set to carry on with this steady march, with the first of two payouts for 2023 already announced at S$0.16 per share.Option 1: Buy directly on the Singapore Stock Exchange
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