The Straits Times Index (SGX: ^STI) delivered an impressive performance for 2024, providing investors with a total return of 23.5%.
Year-to-date, the bellwether blue-chip index is powering on with a 4.7% return as of 26 March 2025.
However, not all the blue-chip stocks posted year-to-date share price gains.
Some are still languishing because of weak sentiment or negative news swirling around their businesses.
Here are four Singapore blue-chip stocks that could enjoy a share price rebound this year.
Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 56 properties in the US, 83 in Singapore, and two in Japan.
The REIT’s assets under management (AUM) stood at S$9.2 billion as of 31 December 2024.
MIT’s share price has declined around 8.7% in the past year and is down around 6% year-to-date (YTD).
Worries have swirled around potential vacancies in the REIT’s data centre properties in the US and Singapore after JP Morgan (NYSE: JPM) issued a downgrade on the stock in February.
The REIT reported a robust set of earnings for its third quarter of fiscal 2025 (3Q FY2025) ending 31 December 2024.
Gross revenue inched up 2% year on year to S$177.3 million while net property income (NPI) increased by 2.6% year on year to S$133.2 million.
Distribution per unit (DPU) crept up 1.5% year on year to S$0.0341.
The REIT manager reported a healthy positive rental reversion of 9.8% across all its property segments in Singapore, and portfolio occupancy also stood high at 92.1%.
Meanwhile, MIT has completed the acquisition of a freehold multi-storey, mixed-use property in Japan which can be potentially redeveloped into a new data centre.
Such a development could add further to its rental income and allow DPU to continue climbing even as global interest rates hold steady.
Yangzijiang Shipbuilding, or YZJ, is one of the largest non-state-owned shipbuilding companies in China.
The group has four shipyards in Jiangsu province that can produce a broad range of commercial vessels such as large containership, bulk carriers, and gas carriers.
YZJ’s share price has plunged 18.2% year-to-date because of worries stemming from proposed port entrance fees of up to US$1 million per Chinese-owned vessel by the US Trade Representative’s office.
However, analysts have weighed in on this news, remarking that it was not practical for shipping lines to avoid placing orders with Chinese shipbuilders as these builders account for nearly half of global shipbuilding capacity.
Also, shipping companies are likely to pass through the higher costs to customers.
YZJ reported a stellar set of results for 2024 with revenue rising 10.1% year on year to RMB 26.5 billion and net profit surging 61.7% year on year to RMB 6.6 billion.
The group also snagged total shipbuilding orders of US$14.6 billion for 2024, and has an outstanding order book at US$24.4 billion, a record high.
As worries die down about these new port charges, YZJ should continue to see business building for its shipyards as shipping lines shrug off these charges/
Venture Corporation is a provider of technology products, services, and solutions.
The group saw its share price decline 12.3% in the past year and is down 5.3% year-to-date, close to its 52-week low of S$12.11.
Venture reported a downbeat set of earnings for 2024 with revenue dipping 9.6% year on year to S$2.7 billion.
Net profit declined by 9.3% year on year to S$245 million as customers continued to digest excess inventories and hold back from placing orders.
With the semiconductor industry set to see an 11.2% year-on-year increase in sales to US$697 billion as projected by World Semiconductor Trade Statistics (WSTS), Venture looks well-positioned to ride on this recovery.
Venture also secured new product wins and is expanding its share in the test and instrumentation tech domain.
With a promising outlook, the group could see its business rebound this year along with its share price.
Genting Singapore is the owner and operator of Resorts World Sentosa (RWS), an integrated resort (IR) with a casino, a theme park (Universal Studios Singapore), and numerous entertainment, retail, and dining options.
Genting’s share price has tumbled 14.6% in the past year and is down slightly (-1.3%) year-to-date.
The IR operator reported a mixed set of results for 2024 with revenue rising 5% year on year to S$2.5 billion.
Net profit, however, dipped 5% year on year to S$578.9 million.
Despite the weaker profit, the group maintained its final dividend of S$0.02 per share, taking its total 2024 dividend to S$0.04.
RWS will debut Weave, its new premier lifestyle cluster, in the second half of 2025.
Weave will feature a collection of more than 40 lifestyle and premium brands, including several new-to-Singapore culinary concepts.
The new area spans more than 20,000 square metres, twice the size of the former Forum at RWS.
With the opening of Weave, Genting Singapore may see its fortunes revive as the current refurbishment for RWS 2.0 has temporarily reduced its revenue streams.
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