Worth a Second Look: 3 Singapore Blue-Chip Stocks Unlocking Value for Shareholders

Blue-chip stocks are famed for their ability to handle adversity and for dishing out steady dividends to their shareholders.These are the key reasons why investors include them as the “bedrock” of their portfolios.The good news is that some of these blue-chip stocks are working hard to realise value for their shareholders either through capital recycling or a strategic review.By doing so, these companies may see their share prices heading higher, thus netting attractive capital gains for their investors.Here are three Singapore blue-chip stocks working hard to unlock value for their shareholders.

Keppel Ltd (SGX: BN4)

Keppel is a global asset manager that provides solutions for the infrastructure, real estate, and connectivity sectors.Back in 2020, the group announced its Vision 2030 plan to drive long-term strategy and transformation.Keppel’s portfolio would be refocused to become an integrated business along with an asset management arm to fund growth and provide a platform for capital recycling.In 2023, in an interview with CEO Loh Chin Hua, he said that Keppel is moving away from businesses with lumpy earnings towards those that provide recurring earnings.In an acceleration towards Vision 2030, the group plans to build scalable businesses that leverage its asset-light model in a shift away from the previous asset-heavy business model.For its 2024 results, Keppel reported S$1.06 billion in net profit (excluding its offshore and marine assets), up 5% year on year.Its cumulative asset monetisation since October 2020 is close to S$7 billion, including S$1.5 billion in 2024 alone.The asset manager has also made good progress in growing its recurring income as a % of net profit.For 2024, this percentage stood at 72%, higher than the 56% recorded in 2022 and more than three times the 21% back in 2021.Keppel has also steadily grown its funds under management by 2.4 times since 2020 to S$88 billion.Asset management fees have increased by a 25% compound annual growth rate over the same period, going from S$180 million in 2020 to S$436 million in 2024.