Advertisement
Singapore markets open in 7 hours 50 minutes
  • Straits Times Index

    3,313.48
    +8.49 (+0.26%)
     
  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     
  • Dow

    40,003.59
    +134.21 (+0.34%)
     
  • Nasdaq

    16,685.97
    -12.35 (-0.07%)
     
  • Bitcoin USD

    66,619.50
    -315.75 (-0.47%)
     
  • CMC Crypto 200

    1,359.74
    -14.10 (-1.03%)
     
  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     
  • Gold

    2,419.80
    +34.30 (+1.44%)
     
  • Crude Oil

    80.00
    +0.77 (+0.97%)
     
  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     
  • Nikkei

    38,787.38
    -132.88 (-0.34%)
     
  • Hang Seng

    19,553.61
    +177.08 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,616.62
    +5.51 (+0.34%)
     
  • Jakarta Composite Index

    7,317.24
    +70.54 (+0.97%)
     
  • PSE Index

    6,618.69
    -9.51 (-0.14%)
     

Share Prices of These 4 Singapore Blue-Chip Stocks Are at 52-Week Lows: Can They Recover?

Capitaland
Capitaland

Blue-chip stocks are well-known for their track record and resilience.

These are the reasons why investors like to include them in their portfolios.

However, weak market sentiment will still impact the share prices of these large-cap companies.

By screening through the list of 52-week low stocks, investors may find a bargain they can scoop up.

We highlight four blue-chip stocks whose share prices scraped a year-low that investors may wish to include in their buy watchlist.

Seatrium Limited (SGX: S51)

Seatrium provides innovative engineering solutions to the global offshore, marine, and energy industries.

ADVERTISEMENT

Shares of the engineering group have fallen nearly a third year-to-date (YTD) and recently touched a 52-week low of S$0.074.

Seatrium reported a mixed set of earnings for 2023.

Revenue more than tripled year on year from S$1.9 billion to S$7.3 billion.

However, net loss ballooned to S$1.9 billion from just S$261 million a year ago because of an exceptional loss of S$2 billion.

Excluding this, the underlying net loss would have been S$28 million, a sharp reduction from the S$141 million loss in the prior year.

Seatrium boasts a strong net order book of S$16.2 billion after capturing new orders of S$4.5 billion for 2023.

Last month, the group held an Investor Day session where management targeted a return on equity of more than 8% by 2028.

CapitaLand Investment Limited (SGX: 9CI)

CapitaLand Investment Limited, or CLI, is a real estate manager with S$134 billion of assets under management (AUM) and S$100 billion of funds under management (FUM) as of 31 December 2023.

Shares of CLI have tumbled by close to 20% YTD and touched their 52-week low of S$2.44 recently.

The property manager reported a downbeat set of earnings for 2023 as revenue dipped by 3.2% year on year to S$2.8 billion.

Net profit plunged 79% year on year to S$181 million but was impacted by one-off items.

Stripping these out, core net profit would have declined by just 6.7% year on year to S$568 million.

The group also declared a final dividend of S$0.12 for 2023.

Management aims to double its FUM to S$200 billion in the next five years through a mixture of acquisitions, the establishment of new funds, and additional capital raising for existing funds.

SATS Ltd (SGX: S58)

SATS provides ground handling and food catering services for a wide range of airlines including Singapore’s flagship carrier Singapore Airlines Limited (SGX: C6L).

The group saw its share price tumble by 11.6% YTD after touching its 52-week low of S$2.40.

For the first nine months of fiscal 2024 (9M FY2024), revenue tripled year on year to S$3.8 billion.

The group’s core net profit came in at S$31.2 million, reversing the prior year’s core net loss of S$3.7 million.

The results were boosted by a strong recovery in SATS’ share of earnings from associates and joint ventures of S$79 million, more than double the S$27.8 million for 9M FY2023.

The ground handler’s key business drivers also showed steady improvement.

The number of flights handled nearly tripled year on year to 450,200 for 9M FY2024 while meals served increased from 49.1 million to 71.1 million over the same period.

The number of passengers handled also jumped 58.5% year on year to 58.8 million.

SATS will continue to strengthen its Singapore hub by supporting the Singapore Food Agency’s initiative to boost Singapore’s food security.

The group has also started the construction of a Built-Up Pallet Centre for the handling of export cargo lodgements.

DFI Retail Group (SGX: D01)

DFI is a pan-Asian retailer with around 11,000 outlets across Indonesia, Singapore, Malaysia, and Hong Kong.

The group operates well-known brands such as Giant, CS Fresh, 7-Eleven, and Guardian Health and Beauty.

DFI Retail Group’s share price has declined by 22.2% YTD and touched a 52-week low of US$1.75 last week.

The retailer’s revenue stayed flat year on year at US$9.2 billion for 2023.

However, the group generated a net profit of US$32 million for the year, reversing the US$115 million loss in 2022.

Underlying net profit did even better, leaping from just US$29 million a year ago to US$155 million for 2023.

In tandem with the strong results, DFI Retail Group’s dividend per share for 2023 more than doubled year on year from US$0.03 to US$0.08.

By the time your child grows up, inflation will have gobbled up their savings. If you not only want to protect their money but also grow it, there are 3 SGX stocks you can consider buying. One has already proven to give a 55.8% dividend pay rise. Get all the details in our latest special FREE report. Just click here.

Disclosure: Royston Yang does not own shares in any of the companies mentioned.

The post Share Prices of These 4 Singapore Blue-Chip Stocks Are at 52-Week Lows: Can They Recover? appeared first on The Smart Investor.