The 52-Week High List: 4 Singapore Stocks That Also Reported Strong Earnings Growth

The Smart Investor

Oct 18, 2024

Scouring the 52-week high list is a great way to look for stocks that you can add to your portfolio.And with the Straits Times Index (SGX: ^STI) hitting a 17-year high recently, there are many stocks ...

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Straits Times Index (SGX: ^STI) hitting a 17-year high recently, there are many stocks ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/the-52-week-high-list-4-singapore-stocks-that-also-reported-strong-earnings-growth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0831103253.SGD","symbol_name":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","start_time":0,"source_url":"https://thesmartinvestor.com.sg/the-52-week-high-list-4-singapore-stocks-that-also-reported-strong-earnings-growth/","article_id":"2476311491","we_media_id":null,"thumbnails":[],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/the-52-week-high-list-4-singapore-stocks-that-also-reported-strong-earnings-growth/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2476311491","pubTimestamp":1729217174,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"These stocks not only hit their 52-week highs but also reported good financial results to boot.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund 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to look for stocks that you can add to your portfolio.And with the Straits Times Index (SGX: ^STI) hitting a 17-year high recently, there are many stocks that are scaling their year-high.Investors should, however, also check in on the business to determine if it is doing well and has the potential to continue to deliver.If the earnings momentum stays strong, the stock should continue to do well.Here are four Singapore stocks that not only broke through their 52-week highs recently, but also reported a strong set of earnings to boot.PEC Ltd (SGX: IX2)PEC is a plant and terminal engineering specialist providing project works and maintenance services for the oil and gas, petrochemical, oil and chemical terminals, and pharmaceuticals industries.The engineering firm recently hit its 52-week high of S$0.65 and is up nearly 23% year-to-date.The group announced a strong set of earnings for its fiscal 2024 (FY2024) ending 30 June 2024.Revenue rose 14% year on year to S$491 million with gross profit climbing 33% year on year to S$115 million.Net profit more than doubled year on year to S$16 million from just S$6.8 million a year ago.The engineering firm also generated a positive free cash flow of S$32 million, reversing the free cash outflow of S$9.5 million in the previous year.In celebration of the robust performance, PEC declared a final dividend of S$0.02 along with a special dividend of S$0.015, bringing its FY2024 dividend to S$0.035.This dividend was significantly higher than the S$0.02 paid out for FY2023.As of 30 June 2024, the group’s order book stood at S$52.5 million with PEC actively bidding for projects and maintenance work in the Middle East and the region.Singapore Exchange Limited (SGX: S68)Singapore Exchange, or SGX, is Singapore’s sole stock exchange operator.SGX runs a platform for the buying and selling of a wide variety of securities such as equities, bonds, derivatives, currencies, and other products.Earlier this week, SGX’s share price touched its 52-week high of S$11.85 and shares are up more than 20% year-to-date.The blue-chip bourse operator also reported a good set of earnings for FY2024.Revenue increased by 3.1% year on year to S$1.2 billion.Net profit, excluding one-off items, rose 4.5% year on year to S$525.9 million.SGX also churned out a healthy positive free cash flow of S$551.2 million for FY2024, up 40.5% from last year’s S$392.4 million.Income investors should be happy to know that the bourse operator upped its quarterly dividend from S$0.085 to S$0.09, bringing its annualised dividend to S$0.36 per share.Looking ahead, SGX is banking on the rise of China and India to drive futures and derivative volumes.Its foreign exchange platform is also seeing healthy positive momentum in average daily volume.Management plans to acquire new clients across Europe and Asia and scale its foreign exchange platform to enhance its overall growth.SGX’s target is to grow revenue by around 6% to 8% per annum in the medium term.Azeus Systems Holdings (SGX: BBW)Azeus Systems is a provider of IT products and services and helps to design and implement a broad range of IT software and systems.Shares of the IT company touched their 52-week high of S$10.95 recently and are up 28% year-to-date.The group reported a strong set of earnings for its fiscal 2024 (FY2024) ending 31 March 2024.Revenue jumped 30% year on year to HK$328.9 million, driven by robust growth from its Azeus Products segment.Gross profit improved by 28% year on year to HK$233.5 million while net profit surged by 68% year on year to HK$85 million.Free cash flow came in strong at HK$96.5 million for FY2024 and was more than double the HK$34.6 million generated in FY2023.A final dividend of HK$1.90 was declared and paid out, 76% higher than the HK$1.08 paid out a year ago.Including FY2024’s interim dividend of HK$0.90, Azeus Systems total payout amounted to HK$2.80 per share.CEO Michael Yap said that the group will continue to invest in expanding its geographical reach and invest in research and development to offer new products and services.Tiong Woon Corporation (SGX: BQM)Tiong Woon is an integrated heavy lift specialist and service provider that supports the oil and gas, petrochemical, infrastructure, and construction sectors.The group saw its share price touch its 52-week high of S$0.54 and is up 14.1% year-to-date.Revenue for the fiscal year ending 30 June 2024 rose 5% year on year to S$143.1 million.Gross profit increased by 9% year on year to S$59 million while net profit jumped 16% year on year to S$18.2 million.Tiong Woon generated a positive free cash flow of S$11.5 million for FY2024.The group declared a final and special dividend totalling S$0.015, higher than the final + special dividends of S$0.01 a year ago.Management believes that demand for heavy lift and haulage solutions should remain resilient in Singapore and it will actively pursue opportunities in the construction and petrochemical sectors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}