Jadenkho
2022-12-22

$SINGTEL(Z74.SI)$ 

The telco reported an increase in core net profit for its fiscal 2023’s first half and also declared a special dividend from the divestment of assets.

Singtel sees more upside from its Singapore consumer division as roaming revenue is on the rise with more people travelling abroad for vacations.

$KEPPEL CORPORATION LIMITED(BN4.SI)$ 

The conglomerate takes up a 3.27% weight in the index and reported a jump in revenue from S$5.5 billion to S$6.8 billion for the first nine months of 2022.

Its offshore and marine order book has also hit S$11.6 billion, the highest level since 2007.

Speaking of growth, both $WILMAR INTERNATIONAL LIMITED(F34.SI)$ and $SINGAPORE TECH ENGINEERING LTD(S63.SI)$  also reported good numbers.

The former paid out its highest interim dividend since listing of S$0.06 as it reported a 57.8% year on year jump in net profit for the first half of 2022.

The latter saw its order book hit a record high of S$25 billion as of 30 September 2022 despite the recent divestment of its US Marine business.

Wilmar occupies a 2.73% position within the STI while STE’s weight is 1.84%.

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