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    Home»Smart Reads»Smart Reads of the Week: United Overseas Bank, Singapore Airlines and Sembcorp Industries
    Smart Reads

    Smart Reads of the Week: United Overseas Bank, Singapore Airlines and Sembcorp Industries

    As the earnings season rolls on, we review earnings from three blue-chip companies.
    The Smart InvestorBy The Smart InvestorFebruary 25, 20243 Mins Read
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    With the earnings season in full swing, United Overseas Bank (SGX: U11), or UOB, became the second Singapore bank to release its 2023 earnings.

    The bank reported a stellar set of earnings as higher interest rates boosted its total income and net profit.

    Meanwhile, Singapore Airlines Limited (SGX: C6L) announced its business update for the third quarter and nine months of fiscal 2024.

    The carrier reported a mixed result with revenue hitting a record high for the quarter but saw its operating profit tumbling year on year.

    Elsewhere, a third blue-chip company, Sembcorp Industries Ltd (SGX: U96), also reported its 2023 results.

    The utility and urban development specialist enjoyed a higher core net profit while upping its full-year dividend.

    Here is a list of our top articles for this week.

    1. UOB Reports Record Net Profit and Raises its Final Dividend to S$0.85: 5 Highlights from the Bank’s 2023 Earnings

    UOB pulled off a stunning performance as the bank’s total income and net profit hit new record highs.

    2. Singapore Airlines Reports Record Operating and Net Profit for 9M FY2024: 5 Highlights from the Airline’s Latest Earnings

    Singapore Airlines reported a mixed set of earnings but warned of macroeconomic and competitive headwinds for this calendar year.

    3. Sembcorp Industries Doubles its Ordinary Final Dividend to S$0.08: 5 Highlights from its 2023 Earnings

    Sembcorp Industries posted a mixed set of results but upped its final dividend sharply on rosy prospects. Read on to find out more about the utility player.

    4. iFAST Reports a More Than 10-Fold Increase in Net Profit for 4Q 2023: 5 Highlights from the Fintech’s Latest Earnings

    iFAST reported a sharp rise in net profit for the fourth quarter and sees a better performance for this year.

    5. 7 Singapore Stocks That Will Benefit from Budget 2024

    The Singapore government announced a feel-good Budget last week with goodies for individuals and businesses. We find out which stocks stand to benefit from this generous Budget.

    6. Keppel Pacific Oak US REIT Has Suspended its Distributions: Should Investors Sell the Stock?

    Keppel Pacific Oak US REIT (SGX: CMOU) has gone down the same path as Manulife US REIT (SGX: BTOU) by suspending its distributions. What should investors do?

    7. Best of Both Worlds: 4 US Growth Stocks Reporting Rising Profits and Higher Dividends

    Investors who seek both capital gains and increasing dividends should check out these four US growth stocks.

    8. OUE REIT Undergoes a Rebranding as it Maintains DPU for 2H 2023: 5 Highlights from its Latest Earnings

    OUE REIT (SGX: TS0U) recently announced a rebranding as well as a resilient set of earnings. Read on to find out what plans the REIT has for the future.

    9. Income Investors Alert: 4 Singapore Stocks That Raised Their Dividends

    Here are four Singapore stocks that upped their dividends recently.

    10. Get Smart: Add This “Secret Weapon” to Your Portfolio

    We introduce a secret weapon that can supercharge your portfolio and boost your overall returns.

    Want to stay abreast of the latest investing news, analyses, and stories for FREE? Subscribe to our weekly email, Smart Reads, now to receive a curated list of our top articles weekly. CLICK HERE to subscribe now!

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    Please refer to the individual articles for stock ownership disclosures.

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