Companies like Singapore Technologies Engineering (STE) are worth considering due to their double-digit revenue and profit increases, diversified customer base, and 3.5% dividend yield. STE, with businesses in defence, commercial aerospace, and urban solutions, reported strong revenue growth across its divisions, with DPS leading at 18%. The company’s global presence, healthy order book, and focus on high-value activities make it a strong investment option with a “strong buy” rating from analysts and a 3.53% dividend yield.
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Why AMD Stock Plummeted Today
Advanced Micro Devices (AMD -7.42%) experienced a significant stock price decline of 7.4% amid broader market downturns, hitting a low of 10.5% during the session. The drop was influenced by AMD's announcement of an effective ban on sales of its MI308X processor to China, leading to an anticipated $800 million write-down, alongside rising costs due to TSMC's planned 30% price increase on 4nm chips. Additionally, escalating U.S.-China trade tensions and cautious remarks from Federal Reserve...
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