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    Home»Blue Chips»Genting, Sembcorp, ST Engineering: Top Blue-Chip Stocks to Watch This Week
    Blue Chips

    Genting, Sembcorp, ST Engineering: Top Blue-Chip Stocks to Watch This Week

    These three blue-chip Singapore stocks report earnings this week, offering fresh clues on whether their business momentum remains intact.
    The Smart InvestorBy The Smart InvestorAugust 11, 2026Updated:August 20, 20265 Mins Read
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    Genting, Sembcorp, St Engineering
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    Three of Singapore’s largest listed companies report on the same day this month. 

    Singapore Technologies Engineering (SGX: S63), Sembcorp Industries (SGX: U96) and Genting Singapore (SGX: G13) will release results on 13 August 2026.

    Each one left a different gap in its last update. 

    ST Engineering published a first-quarter market update that carried revenue but withheld profit and cash flow. 

    Genting’s quarterly business overview skipped the cash position, the borrowings and the dividend. 

    For Sembcorp, the most recent full picture dates back to FY2025. 

    These periods do not line up. 

    Sembcorp’s figures cover a full year. 

    The other two cover a single quarter.

    Here is what each release has to show you.

    Can ST Engineering’s order book keep converting?

    ST Engineering released its 1Q2026 market update on 18 May 2026. 

    Group revenue climbed 11% year on year (YoY) to S$3.3 billion. 

    The group divested LeeBoy in September 2025. 

    On a rebased basis, revenue grew 15% YoY.

    All three segments grew. 

    Defence & Public Security revenue rose 13% YoY on a rebased basis to S$1.4 billion. 

    International defence contract wins drove the increase across its sub-segments. 

    Engine MRO work and nacelle deliveries lifted Commercial Aerospace revenue by 15% YoY to S$1.3 billion. 

    Urban Solutions & Satcom revenue rose 18% YoY to S$525 million. 

    Satcom alone grew more than 30%.

    The group secured S$4.8 billion in new contracts during the quarter. 

    Its order book reached S$34.5 billion as at 31 March 2026. 

    S$8 billion of that falls due for delivery over the remainder of the year.

    Profit and cash flow stayed out of the quarterly update. 

    The group said net profit growth outpaced rebased revenue growth but published no figure. 

    The dividend also bears watching. 

    ST Engineering declared a 1Q2026 interim dividend of S$0.04 per share. 

    Its FY2025 total came to S$0.23 per share, and that figure included a special dividend of S$0.05. 

    Strip the special out and the ordinary base sits at S$0.18.

    Will Sembcorp’s cash flow turn hold?

    Sembcorp reported a mixed FY2025. 

    Revenue fell 10% YoY to S$5.8 billion. 

    Lower electricity offtake and weaker pool and gas prices in Singapore weighed on the top line.

    Reduced plant availability in the UK added to the drag. 

    The divested waste management business contributed nothing. 

    Renewables partly offset these declines through new capacity in Singapore, India and the Middle East.

    Net profit attributable to owners dipped 3% YoY to S$984 million. 

    Profit before exceptional items and foreign exchange movements on the deferred payment note came in at S$1 billion and stayed broadly flat.

    Free cash flow swung to a positive S$208 million from a negative S$196 million in FY2024. 

    Capital expenditure moderated and made the difference. 

    The group raised its total ordinary dividend to S$0.25 for FY2025. 

    That marks a 9% increase from S$0.23.

    The balance sheet carries weight. 

    Sembcorp held S$1.1 billion in cash as at 31 December 2025 against total borrowings of S$9 billion, excluding lease liabilities.

    Watch whether the cash flow turn survives. 

    Renewables capacity comes online progressively between 2026 and 2030, and that programme needs capital. 

    Gas re-contracting in Singapore should compress margins. 

    The group completed the Alinta Energy acquisition on 11 June 2026. 

    This will be the first release to carry a partial-period contribution. 

    Watch how much of the half’s cash generation the deal consumes.

    Can Genting convert momentum into profit?

    Genting reported revenue of S$607.6 million for the first quarter of 2026. 

    That figure fell 3% YoY from S$626.2 million. 

    Gaming revenue fell 8% to S$403.4 million, while non-gaming revenue rose 8% to S$204.1 million. 

    More visitors passed through Universal Studios Singapore and the Singapore Oceanarium.

    Profit fell harder, with net profit dropping 55% YoY to S$65.2 million. 

    Adjusted EBITDA fell 24% to S$179.0 million.

    The quarterly overview disclosed no free cash flow, no cash position, no borrowings and no dividend. 

    Those numbers arrive with the fuller results announcement.

    Management flagged improving gaming revenue towards the end of the quarter. 

    It also pointed to cost pressures across supply chains and to elevated airfares that weigh on travel demand.

    The group plans further spending on new concepts, hotel enhancements and technology.

    Get Smart: Read the second half of the report

    Free cash flow is the lifeblood of dividends. 

    A quarterly update tells you direction. 

    A fuller results announcement tells you what funds the payout.

    Build the habit of reading past the profit headline to the cash flow statement and the borrowings line. 

    Apply the same test to each company on 13 August. 

    Did cash generation move in the same direction as reported profit? 

    When the two diverge, the dividend depends on which one persists.

    Retirement doesn’t happen overnight. It’s built one decision at a time.

    We found 6 SGX companies that have paid dividends every year for more than 20 years, through the Global Financial Crisis, COVID-19, and rising interest rates.

    If you’re building long-term income for retirement, this free report is a great place to start. Download your copy today.

    Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses!

    Disclosure: The Smart Investor does not own any of the shares mentioned.

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