Which Blue-Chip Stocks Are Worth Watching This Week? Genting, Sembcorp and ST Engineering

Trading Random
Aug 11

Three of Singapore's biggest listed firms are set to report their results on the same day this month.

Singapore Technologies Engineering, Sembcorp Industries, and Genting Singapore will release their numbers on 13 August 2026.

Each company left a distinct gap in its most recent update.

ST Engineering issued a first-quarter market update that included revenue but withheld profit and cash flow details.

Genting’s quarterly business overview omitted its cash position, borrowings, and dividend information.

For Sembcorp, the most complete financial picture available dates back to FY2025.

These reporting periods are not aligned.

Sembcorp’s figures cover a full year, while the other two cover only a single quarter.

Here is what each release is expected to reveal.

Can ST Engineering Maintain its Order Book Conversion?

ST Engineering released its 1Q2026 market update on 18 May 2026.

Group revenue increased by 11% year-on-year (YoY) to S$3.3 billion.

The group divested LeeBoy in September 2025.

On a rebased basis, revenue grew by 15% YoY.

All three segments experienced growth.

Defence & Public Security revenue rose 13% YoY on a rebased basis to S$1.4 billion.

This increase was driven by international defence contract wins across its sub-segments.

Engine MRO work and nacelle deliveries lifted Commercial Aerospace revenue by 15% YoY to S$1.3 billion.

Urban Solutions & Satcom revenue rose 18% YoY to S$525 million.

Satcom alone grew by more than 30%.

The group secured S$4.8 billion in new contracts during the quarter.

Its order book reached S$34.5 billion as of 31 March 2026.

S$8 billion of that is scheduled for delivery over the remainder of the year.

Profit and cash flow were not included in the quarterly update.

The group stated that net profit growth outpaced rebased revenue growth but did not disclose a specific figure.

The dividend also warrants attention.

ST Engineering declared a 1Q2026 interim dividend of S$0.04 per share.

Its FY2025 total came to S$0.23 per share, which included a special dividend of S$0.05.

Excluding the special dividend, the ordinary base sits at S$0.18.

Will Sembcorp’s Cash Flow Improvement Persist?

Sembcorp reported a mixed FY2025.

Revenue fell 10% YoY to S$5.8 billion.

Lower electricity offtake and weaker pool and gas prices in Singapore weighed on the top line.

Reduced plant availability in the UK added to the decline.

The divested waste management business contributed nothing.

Renewables partially offset these declines through new capacity in Singapore, India, and the Middle East.

Net profit attributable to owners dipped 3% YoY to S$984 million.

Profit before exceptional items and foreign exchange movements on the deferred payment note came in at S$1 billion, remaining broadly flat.

Free cash flow swung to a positive S$208 million from a negative S$196 million in FY2024.

Moderated capital expenditure made the difference.

The group raised its total ordinary dividend to S$0.25 for FY2025.

This marks a 9% increase from S$0.23.

The balance sheet carries significant weight.

Sembcorp held S$1.1 billion in cash as of 31 December 2025 against total borrowings of S$9 billion, excluding lease liabilities.

Watch whether the cash flow improvement continues.

Renewables capacity is coming online progressively between 2026 and 2030, a programme that requires capital.

Gas re-contracting in Singapore should compress margins.

The group completed the Alinta Energy acquisition on 11 June 2026.

This will be the first release to include a partial-period contribution.

Monitor how much of the half-year’s cash generation the deal consumes.

Can Genting Translate Momentum into Profit?

Genting reported revenue of S$607.6 million for the first quarter of 2026.

This figure fell 3% YoY from S$626.2 million.

Gaming revenue dropped 8% to S$403.4 million, while non-gaming revenue rose 8% to S$204.1 million.

More visitors passed through Universal Studios Singapore and the Singapore Oceanarium.

Profit declined more sharply, with net profit dropping 55% YoY to S$65.2 million.

Adjusted EBITDA fell 24% to S$179.0 million.

The quarterly overview disclosed no free cash flow, cash position, borrowings, or dividend.

Those numbers will be provided in the fuller results announcement.

Management flagged improving gaming revenue towards the end of the quarter.

It also noted cost pressures across supply chains and elevated airfares that weigh on travel demand.

The group plans further spending on new concepts, hotel enhancements, and technology.

Focus on the Second Half of the Report

Free cash flow is the lifeblood of dividends.

A quarterly update indicates direction.

A fuller results announcement reveals what funds the payout.

Develop the habit of reading beyond the profit headline to the cash flow statement and borrowings line.

Apply this same test to each company on 13 August.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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