Year-in-Review: The 5 Best-Performing Stocks of 2024

The Smart Investor12-09

[ Share Facebook Twitter LinkedIn Email WhatsApp It’s been an interesting year for investors. As of 3 December, the Straits Times Index (SGX: ^STI) has gained over 16% and is trading at ...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/year-in-review-the-5-best-performing-stocks-of-2024/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nIt’s been an interesting year for investors.\nAs of 3 December, the Straits Times Index (SGX: ^STI) has gained over 16% and is trading at ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/year-in-review-the-5-best-performing-stocks-of-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBW.SI","symbol_name":"中环电脑系统","start_time":0,"source_url":"https://thesmartinvestor.com.sg/year-in-review-the-5-best-performing-stocks-of-2024/","article_id":"2490574141","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2024/12/Year-in-Review-2024-5-Best-Performing-Stocks-300x200.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490574141","pubTimestamp":1733738400,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Here are the five best-performing stocks this 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Singapore stock market has been moribund since the pandemic ended.\nBut besides the strong performance of the blue-chip index, other non-blue-chip stocks also performed very well.\nWe round up five of the best-performing stocks for 2024 and review their latest earnings and prospects.\nNote: Share price data as of 29 November 2024.\nCenturion Corporation (SGX: OU8)\nCenturion Corporation owns, develops, and manages purpose-built worker accommodation assets (PBWA) in Singapore, Malaysia, and China.\nThe group also has a portfolio of purpose-built student accommodation (PBSA) assets in Australia, the UK, and the US along with build-to-rent assets in China.\nCenturion’s share price has leapt 129.3% year-to-date (YTD) to end at S$0.94, close to its 52-week high of S$1.01.\nThe group reported a strong set of earnings for the first nine months of 2024 (9M 2024).\nRevenue rose 25% year on year to S$186.5 million.\nPBWA set the pace with a 27% year-on-year revenue increase to S$143.8 million while PBSA saw revenue jump 20% year on year to S$42.1 million.\nPBWA enjoyed a high financial occupancy of 95% while PBSA’s financial occupancy touched 98% for 9M 2024.\nFor PBWA, a new 1,650-bed property (Westlite Ubi) is expected to be completed by December this year.\nIn Malaysia, several asset enhancement initiatives are ongoing to expand and enhance portfolio capacity.\nOne of these will add 680 beds by the end of this year while the other will add around 870 beds by the fourth quarter of 2025.\nOn the PBSA side, Centurion is redeveloping Dwell Village Melbourne City into a new PBSA block of 600 beds which will be completed by January 2026.\nGrand Banks Yachts (SGX: G50)\nGrand Banks Yachts, or GBY, is a manufacturer of recreational motor yachts under the Grand Banks, Eastbay, and Palm Beach brands.\nThe group has a manufacturing yard in Pasir Gudang, Malaysia, and service yards located in the US and Australia.\nGBY’s share price has shot up 96.7% YTD, going from just S$0.30 to S$0.59.\nThe business has seen both its top and bottom lines grow steadily.\nFor the fiscal year 2024 (FY2024) ending 30 June 2024, revenue rose 17.1% year on year to S$133.7 million while net profit more than doubled year on year to S$21.4 million.\nA final dividend of S$0.01 was declared, taking FY2024’s dividend to S$0.015.\nThe yacht manufacturer kept up the momentum for the first quarter of fiscal 2025 (1Q FY2025).\nRevenue climbed 29.1% year on year to S$40 million while net profit leapt 95% year on year to S$5.4 million.\nNet order book stood at S$116 million as of 30 September 2024 with two new models introduced – the PB107 and PB GT50 RS Outboard, with the former being the group’s first over 100 feet.\nSim Leisure Group (SGX: URR)\nSim Leisure Group, or SLG, is a designer, developer, and operator of theme parks.\nSome of SLG’s attractions include the ESCAPE parks in Malaysia along with KidZania Singapore and Malaysia.\nThe theme park operator’s share price has shot up 63.5% YTD to touch S$0.85.\nFor the first half of 2024 (1H 2024), SLG reported a strong set of financial results.\nRevenue increased by 56.2% year on year to RM 86.8 million with gross profit more than doubling year on year to RM 40.3 million.\nNet profit increased by nearly 50% year on year to RM 18.1 million.\nPreliminary construction work and installation of two indoor ESCAPE challenge parks in Putrajaya and Johor Bahru are proceeding well.\nThe Putrajaya theme park will launch in the fourth quarter of this year while the one in Johor will come onstream in the second quarter of 2025 (2Q 2025).\nRiverstone Holdings (SGX: AP4)\nRiverstone manufactures nitrile and natural rubber cleanroom gloves for highly-controlled environments as well as premium nitrile gloves for the healthcare sector.\nThe glove manufacturer owns six manufacturing facilities in Malaysia (4), Thailand (1), and China (1).\nThe group’s share price jumped 46.5% YTD to S$1.04.\nRiverstone also reported a sparkling set of earnings for 9M 2024.\nRevenue rose 16% year on year to RM 794.8 million with gross profit jumping 46.8% year on year to RM 300.3 million.\nNet profit increased by nearly 42% year on year to RM 216.9 million.\nCEO Wong Teek Son commented that the group is on track to increase capacity for six new clean room production lines.\nIn line with its strategy to produce customised gloves, the group is also building six new single production lines for healthcare gloves.\nThese new lines should all be ready and commissioned by 1Q 2025.\nAzeus Systems (SGX: BBW)\nAzeus Systems sells software products and services and is well-known for its Convene product which is a leading paperless meeting solution.\nAzeus’ share price has increased by 37.6% YTD to touch S$11.70.\nThe software company reported a robust set of results for the first half of fiscal 2025 (1H FY2025) ending 30 September 2024.\nRevenue rose 27% year on year to HK$169.3 million while net profit shot up 79% year on year to HK$48.9 million.\nThe company continues to expand its geographic footprint and is investing in its new product line – the ESG reporting platform.\nIts CERKS contract has also entered the deployment phase and is expected to contribute to both its revenue and profits moving forward.\nOur FREE report, ‘7 Singapore Blue-Chip Stocks That Can Pay You for Life,’ reveals stable, dividend-paying stocks with a history of strong returns—even in uncertain markets. Get insights on Singapore’s most dependable blue-chips and see how they can offer you steady income. Download it today to start building your portfolio with confidence.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Royston Yang does not own shares in any of the companies mentioned.\n\n\n\nYahoo\n]","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490574141"}