Four Singapore stocks reach 52-week highs

In Singapore, four stocks have reached new 52-week highs despite a challenging market. This suggests strong performance and potential investment opportunities. Investors are keeping an eye on these stocks to see if their momentum will continue. China Sunsine Chemical (CSC) is a leading producer of rubber chemicals. Recently, its stock price hit S$0.52, up 14.4% this year. CSC reported a 1% increase in revenue for 2024, reaching RMB 3.5 billion. Gross profit also rose by 6%, with a net profit jump of 14%. They announced a total dividend of S$0.03, which is higher than the previous year. An expansion project for insoluble sulfur is progressing and set to start trials soon. Nam Cheong is an offshore marine group known for building support vessels. Its share price surged to S$0.62, a 44% increase this year. For 2024, revenue grew by 45% year on year, largely due to higher charter rates. Net profit exceeded RM 790 million, significantly up from the last year. The company is expected to benefit from a favorable OSV market this year due to strong demand and supply constraints. Tat Seng specializes in corrugated packaging solutions. Its shares rose to a 52-week high of S$0.88, with an 8.8% increase this year. Although revenue slightly dropped by 2%, net profit was stable at S$18.8 million. They increased their total dividend significantly for 2024. Tat Seng is investing in new technology to improve production quality and efficiency. ValueMax offers pawnbroking and moneylending services. Its stock reached S$0.54, a 22% rise year to date. The company’s revenue grew by 37.8% in 2024, with net profit rising by 56.7%. They also raised their final dividend. The rise in gold prices may further benefit their business, and they recently announced an acquisition that is expected to be completed soon. Investors are closely watching these companies as they show strong results and potential for growth despite overall market conditions.