Blue-chip stocks are so named because of their size and track record of weathering different economic conditions.
It is a good idea to include blue-chip stocks in your portfolio to help it buffer against volatility.
Although the Straits Times Index (SGX: ^STI) is one of the better-performing indices globally year-to-date, there are several stocks that saw their share prices fall by double digits over the same period.
Here are five that could be bargains waiting for the picking.
Yangzijiang Shipbuilding (SGX: BS6)
Yangzijiang Shipbuilding, or YZJ, is one of the largest non-state-owned shipbuilding companies in China.
The group owns four shipyards in Jiangsu province and can produce a wide range of commercial vessels, including large containerships, bulk carriers, and oil tankers.
YZJ’s shares skidded by 22.6% year-to-date (YTD) to around S$2.29.
The shipbuilder was impacted by the recent Trump tariffs and the proposal to impose a tax on Chinese-made vessels.
As a result, customers have adopted a wait-and-see approach and are pushing back their ordering decisions.
As of 22 May 2025, YZJ’s YTD order wins are at just US$260 million, a far cry from its 2025 target of US$6 billion.
The shipbuilder’s outstanding order book was at US$23.2 billion on the same date.
This level of order wins was also a significant decline from 2024’s US$14.6 billion.
Despite this slowdown, YZJ is preparing its second capacity expansion to capture long-term growth trends.
Its Project Hongyuan expansion is slated for completion by the end of 2026 and will cost around RMB 3 billion.
A new LNG terminal costing around RMB 2 billion is being constructed and should be completed by the first half of 2027 (1H 2027).
Jardine Cycle & Carriage (SGX: C07)
Jardine Cycle & Carriage, or JC&C, is an investment holding group with interests in different businesses spread across Indonesia and Vietnam.
Some of its holdings include Astra (50.1% owned), a conglomerate with interests in automotive, mining, and infrastructure, and Cycle & Carriage, an automotive dealership group with an extensive network in Singapore and Malaysia.
JC&C saw its shares tumble 16% YTD to end at S$24.02.
The group issued a terse interim management statement for 1Q 2025 and recorded lower contributions from most of its businesses.
Astra reported a decline in underlying profit because of lower car and motorcycle sales, along with a decrease in coal mining revenue and a reduction in coal mining contracting volumes.
This performance was offset by higher earnings from larger loan portfolios in its financial services division and better contributions from its Agribusiness division with higher crude palm oil prices.
Cycle and Carriage Singapore achieved a higher sales volume of new and used cars, but the division is cautious about heightened global trade tensions.
Venture Corporation (SGX: V03)
Venture Corporation is a provider of technology products, services, and solutions.
The group serves customers in various technology domains such as life science, genomics, medical devices, and advanced industrial.
Venture’s shares slid 14.6% YTD to end at around S$11.21.
The contract manufacturer released a downbeat business update for 1Q 2025.
Revenue came in at S$616.6 million, down 7.5% year on year.
Earnings per share fell 6.8% year on year to S$0.193.
Venture continued to churn out a healthy positive operating cash flow of S$55.4 million for 1Q 2025.
While tariffs have added greater uncertainty, Venture believes it is well-positioned to create solutions for its customers.
Management sees opportunities to expand its market share in at least three or four technology domains.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 180 properties spanning eight countries.
The portfolio’s assets under management stood at S$13.3 billion as of 31 March 2025.
MLT’s unit price has fallen by 14.7% YTD to S$1.10, putting it just above its 52-week low of S$1.03.
The logistics REIT also reported a downbeat set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025.
Gross revenue dipped 0.9% year on year to S$727 million, dragged by weak regional currencies, lower contributions from China, and the absence of rental income from divested properties.
Net property income (NPI) slipped 1.5% year on year to S$625.3 million while distribution per unit (DPU) fell 10.6% year on year to S$0.08053.
MLT’s portfolio occupancy stayed high at 96.2%, and the portfolio also registered a positive rental reversion of 5.1% for its latest quarter.
The manager of MLT continued to recycle capital into newer assets while divesting older ones.
For FY2025, the REIT acquired three properties in Malaysia and Vietnam while disposing of 14 properties with older specifications and limited redevelopment potential.
SATS Ltd (SGX: S58)
SATS is a leading provider of gateway solutions, air cargo transport services, and airline catering.
The group’s share price tumbled 13.5% YTD to S$3.15.
SATS announced a solid set of earnings for FY2025 with revenue rising 13% year on year to S$5.8 billion.
Operating profit nearly doubled year on year to S$475.7 million.
Net profit soared more than fourfold year on year from S$56.4 million to S$243.8 million.
In tandem with the strong results, SATS declared a final dividend of S$0.035, more than double the S$0.015 that was paid out in the previous fiscal year.
For FY2025, the total dividend was S$0.05.
The group remained cautious for FY2026 because of heightened uncertainty due to Trump’s tariffs.
However, SATS expects the momentum to continue as the group has outpaced market growth for five consecutive quarters.
Back in May, SATS announced a S$250 million investment to upgrade its ground operations and cargo handling infrastructure at Changi Airport.
This investment will position it well for the coming years as Singapore constructs its fifth terminal, which will be ready in the 2030s.
We’ve found 5 SGX-listed dividend stocks with strong track records in turbulent markets. If you want consistency in an uncertain world, start here.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
