As an investor in blue chip stocks on the Singapore market, I have seen my investments in them grow from strength to strength over the years.
DBS is one of the bluest blue chip in the list of index stocks. The other two local banks OCBC and UOB are equally great to invest in. Over time, I have benefited from the earnings report of these three banks year in and year out. Best part is that they pay better than good dividenda than most of the other blue chip stocks besides the stock issues given almost regular intervals. DBS gave a 1 for 10 bonus issue last year on top of its huge dividend and I am still holding on to the shares as I am waiting to collect the higher dividend announced at the recent earning report. UOB earnings report next week should also push the share price higher and later to be followed by OCBC earnings. Both OCBC and UOB earnings report are expected to deliver good numbers as DBS.
As for SIA and Gentings Singapore, I had earlier disposed my SIA shares and hope to buy back at 6.20 as I feel the airline has hit a plateau and may not grow as much. I am still holding my Gentings shares and have actually increased my holdings recently as I expected its casino and entertainment sectors to perform well in the coming quarters with the blosooming tourism sector here.
For Seatrium, I am sitting on huge profits having benefitted from that great merger of its predecessor and Keppel when they distributed free Seatrium shares then. I had sold off a large part of my Seatrium holdimgs and managed to buy back a a lower price. As Seatrium is expecting to report good news come 21st February, the share price is expected to hit 2.60 and above early next week. Not too late to buy into Seatrium to enjoy the ride upwards when it reports. I hope to cash out on some of my Seatrium holdinhs and keep the rest as the company embarks on its growth trajectory and increase its earnings in the coming years.
One hint on investing - buy into the above stocks and hold them for great growth and earnings in the coming quarters. These blue chip stocks and the others in the STI index, never fail to deliver, in terms of dividends and capital appreciation.
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