Since August, some SGX star $Straits Times Index(STI.SI)$ companies have released their financial reports.
Among the Singapore listed companies with a market value of more than 2 billion SGD, 11 have released their financial reports. The relevant results and individual stock performance are as follows:
6 out of 11 companies that prices rose after the earnings release are: $SGX(S68.SI)$ , $SEMBCORP INDUSTRIES LTD(U96.SI)$ , $HongkongLand USD(H78.SI)$ , $JMH USD(J36.SI)$ , $YZJ Shipbldg SGD(BS6.SI)$
The rest 5 companies declined are $ocbc bank(O39.SI)$ , $UOB(U11.SI)$ , $SIA(C6L.SI)$ , $ThaiBev(Y92.SI)$ , $Keppel(BN4.SI)$
As of August 14, 2024, the companies with positive YTD 2024 are: $ocbc bank(O39.SI)$ , $UOB(U11.SI)$ , $SGX(S68.SI)$ , $HongkongLand USD(H78.SI)$ , $YZJ Shipbldg SGD(BS6.SI)$
🎁Do you hold any of the above companies?
🎁Which SGX companies will you hold for a long-term perspective?
Recently, some well-known Singaporean companies listed in the US stock market have also attracted attention, such as $Sea Ltd(SE)$ announced solid Q2'24 results, shares up 11% on Tuesday trading.
Another name- $Grab Holdings(GRAB)$ going to announce Q2 2024 results on August 15, 2024, will grab follow $Sea Ltd(SE)$ ‘s performance?
What’s more, below are the rest of SGX companies going to release earning this week. $Genting Sing(G13.SI)$ is set to report on Wednesday, $Singtel(Z74.SI)$ will release its earnings on Thursday.
🎁
Which one might you be interested in?
What are your long-term picks?
Pleased feel free to share tigers why?
Comments
Among SGX stocks, my pick will be $SATS LTD.(S58.SI)$ , for the following reasons:
1. Stable Revenue Stream: SATS, a leading provider of integrated logistics and support services in Asia, benefits from its stable and diverse revenue streams. Its services include cargo handling, ground handling, and integrated logistics, which provide steady income.
2. Strategic Positioning: As a key player in the logistics and aviation sectors, SATS is strategically positioned to benefit from the growth in air travel and global trade. Its operations at major airports and logistics hubs give it a competitive advantage.
3. Growth Potential: With ongoing investments in infrastructure and technology, SATS is well-positioned to capture growth opportunities in the logistics and aviation sectors. The expansion of e-commerce and increasing demand for efficient logistics solutions can drive future growth.
4. Strong Market Position: SATS has established itself as a market leader in its field, with a solid track record of performance and reliability. Its established client base and long-term contracts add to its stability.
5.Diversification: Investing in SATS offers diversification into the logistics and aviation sectors, which can be attractive for investors looking to balance their portfolios with assets outside traditional sectors.
What is your favourite Singapore stocks? I believe mostly will choose the banks like $DBS Group Holdings(D05.SI)$ $ocbc bank(O39.SI)$ $UOB(U11.SI)$ . Come and leave your comments.
@TigerStars @Tiger_comments @SGX_Stars @CaptainTiger @MillionaireTiger @TigerGPT @Daily_Discussion
@HelenJanet @rL @Universe宇宙 @SPACE ROCKET @TigerGPT @GoodLife99 @Shyon @koolgal @Aqa @LMSunshine
Which one might you be interested in?
What are your long-term picks?
Pleased feel free to share tigers why?
🌟🌟🌟My Top Singapore stock picks are the 3 Big Banks - $DBS Group Holdings(D05.SI)$ $ocbc bank(O39.SI)$ and $UOB(U11.SI)$
I have been investing in them since 2021. They are certainly resilient and provide me with nice, juicy dividends which are a great source of passive income.
All 3 banks have reported their latest earnings results and they are excellent. DBS is the largest of the 3 banks and the top holding in $STI ETF(ES3.SI)$ followed by OCBC and UOB. These 3 banks tick the core fundamentals of quality stocks with rock solid balance sheet, excellent profits and great management team. They also have a wide moat too due to their extensive distribution network in the region.
I believe that DBS, OCBC and UOB are the best Singapore stocks to buy and hold long term.
As the late Charlie Munger likes to say "The Big Money is not in the Buying and Selling but in the Waiting" .
Charlie Munger also said "The First Rule of Compounding is Never Interrupt It Unnecessarily".
That is why I have not sold any of my Singapore banks stocks as I truly believe that the best is yet to be.
@SGX_Stars @Tiger_SG @Tiger_comments @TigerStars
$SIA(C6L.SI)$ has the backing of government n our national air carrier. Government will keep it alive ie strong sponsor.
SGX - the exchange for SG stocks. Hence it will have long life.