As we enter October, this is a reward for investors in Singapore's blue-chip champion stocks.

While others are navigating amid noisy economic forecasts and market volatility, shareholders of these giants can focus on a much simpler melody: a stable and reliable dividend season rhythm.

From the financial bastion of Singapore's sole stock exchange operator to real estate tycoons and industrial groups, these companies have shown that value does not lie in chasing hype, but in the wonderful and predictable voice of the cash in your account.

HongkongLand USD: 15 October 2025

Hongkong Land is a premium property group with Grade A offices and luxury retail in Hong Kong Central, plus Singapore offices and development projects primarily in mainland China and Singapore, which the group is strategically winding down.

The property giant staged a strong recovery in the first half of 2025 (1H2025), swinging to an underlying profit of US$297 million from a US$7 million loss a year ago.

Stripping out non-cash provisions in China, underlying profit grew 11% year on year (YoY) to US$320 million, boosted by Singapore residential completions and significantly lower China provisions of US$23 million (compared to US$295 million in 1H2024).

However, its core office segment faced headwinds with operating profits down 12% YoY due to negative rental reversions in Hong Kong and ongoing LANDMARK renovations.

Free cash flow fell 27% to US$207 million as capital expenditure for renovations weighed on the results.

Despite this, the group’s balance sheet improved  with net debt declining to US$4.9 billion from US$5.1 billion at end-2024, while cash remained stable at US$1.1 billion.

The board declared an interim dividend of US$0.06 per share, unchanged from the prior year, demonstrating confidence despite challenging conditions.

Looking ahead, management remains committed to its Strategic Vision 2035, targeting US$4 billion in capital recycling by 2027, with one-third already achieved.

The group’s flagship West Bund project in Shanghai, a 43% interest in a 1.8 million square metre mixed-use development, remains on track for a 2028 completion.

JMH USD: 15 October 2025

Jardine Matheson, the diversified Asia conglomerate with key holdings in Jardine Cycle & Carriage (SGX: C07), Hongkong Land, DFI Retail Group (SGX: D01), and Indonesia’s Astra International, delivered strong 1H2025 results.

While revenue dipped 1% YoY to US$17.1 billion on weak Indonesian auto sales, underlying profit attributable surged 45% to US$798 million. Excluding Hongkong Land’s 2024 impairments, the growth was 11% at constant currencies. 

The profit jump was powered by standout performances from DFI Retail (up 39% YoY) and Jardine Pacific (30% YoY), plus an 11% gain from Hongkong Land’s Singapore residential completions. 

These gains more than offset Astra’s 8% decline amid Indonesia’s softer market.

The parent company's free cash flow increased by 6% to US$585 million, which is sufficient to guarantee a two-fold dividend payment capacity.

The group’s financial position strengthened with net debt falling to US$9.7 billion as at 30 June 2025 from US$11.1 billion at end-2024, improving gearing to 11% from 14%.

Jardine Matheson maintained its interim dividend at US$0.60 per share, payable on 15 October 2025.

The management expects the company's full-year performance in 2025 to be roughly the same as in 2024, excluding the previous asset impairment portion.

The group still has a good momentum in its medium- and long-term development. Its leadership team achieved stable growth in business by implementing new strategies in each of its subsidiaries.

Lincoln Pan will succeed John Wright as the company's CEO on December 1, 2025.

SGX: 27 October 2025

Singapore’s sole stock exchange operator posted record revenue of S$1.3 billion for the fiscal year ending 30 June 2025 (FY2025), up 11.7% year on year, with growth across all business segments.

Equities-Cash revenue surged 18.7% YoY to S$392.7 million, as daily average traded values rose 26.5% to S$1.34 billion.

The FICC division grew 8.6% to S$321.6 million in revenue, led by OTC foreign exchange revenue jumping 25% on 28% higher volumes.

Equities-Derivatives revenue climbed 13.8% to S$345.9 million, boosted by strong FTSE China A50 futures trading.

Net profit rose 8.4% to S$648.0 million compared to the year before, despite lower investment gains. 

What is even more remarkable is that, due to improved operational conditions and proper management of working capital, the free cash flow has increased by 40.3% to S$773.6 million.

As of June 30, 2025, the Singapore Exchange (SGX) maintained a stable financial position, with S$1.1 billion in cash and equivalents, while its debt was S$622.9 million.

The proposed quarterly dividend by the company is S$0.105, resulting in an overall per-share dividend of S$0.375 for the fiscal year 2025, an increase of 8.7% compared to last year.

Looking ahead, the management expects a mid-term revenue growth rate of 6% to 8%, mainly driven by the derivatives business and the over-the-counter foreign exchange trading business.

Underlining its confidence, SGX will raise dividends by S$0.0025 every quarter from FY2026 to FY2028, subject to earnings growth – a clear commitment to progressive returns.