This means that the group still has S$25 billion of contracts to be recognised as revenue in 2024 and beyond.

The group snagged contract wins of S$11.7 billion for 9M 2023 with slightly more than half of the contract wins centred on the Defence & Public Security segment.Īs of 30 September 2023, STE’s order book stood at S$27.5 billion, of which S$2.5 billion will be delivered in the remainder of 2023. Singapore Technologies Engineering, or STE, is a technology, engineering and defence group that serves clients in the aerospace, smart city, defence, and public security sectors.ĭuring its third quarter 2023 (3Q 2023) business update, STE saw its revenue rise by 9% year on year to S$2.4 billion.įor the first nine months of 2023 (9M 2023), the engineering conglomerate saw revenue growth across all its three segments. Story continues Singapore Technologies Engineering (SGX: S63) These signs point to increased tourism flowing in for next year, thus benefitting Genting Singapore and putting it in a great position to report increasing profits. The airline is targeting to return to pre-COVID capacity in 2024. Over at Singapore Airlines Limited (SGX: C6L), capacity is expected to reach 92% of pre-pandemic levels in December 2023. Singapore Tourism Board forecasts that the tourism sector should recover to pre-pandemic levels by 2024 after reporting 6.3 million visitors in 2022. There could be more to come from the group. Net profit for 3Q 2023 surged by 59% year on year to S$216.3 million.ĭuring its half-year results announcement, the IR operator’s net profit more than tripled year on year to S$276.7 million with the interim dividend increased by 50% year on year to S$0.015. RWS spans 49 hectares and contains attractions such as Universal Studios Singapore (USS), a casino, eight luxury hotels, and a variety of dining and entertainment options.įor its third quarter 2023 (3Q 2023) business update, Genting Singapore posted a 33% year-on-year jump in total revenue to S$689.9 million because of the sustained recovery in travel and tourism. Genting Singapore is the owner and operator of the integrated resort (IR) at Resorts World Sentosa (RWS). We feature four blue-chip stocks that look poised to report a higher profit for 2024. A good place to start looking for investment ideas is blue-chip companies as they have a longer track record of performance and are reputable names within their respective industries.

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