[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?
Welcome to READ the full PDF of Singarpore 2023 Budget Booklet.
Singapore Finance Minister Lawrence Wong said the government will increase handouts( S$104 billion ($78.4 billion spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.
Below are some Industry and SG stocks winners that may benefit from the new budget measurements.
Welcome Tigers to reply to this post regarding to 3 questions and get reward.(see to the bottom prizes and share to invite your friends to join now. 😃)
🌟 Measure 1: Plan to increase handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year from April.
Food and beverage maker $FRASER AND NEAVE, LIMITED(F99.SI)$, grocer $SHENG SIONG GROUP LTD(OV8.SI)$ and restaurant and food caterers such as $JUMBO GROUP LIMITED(42R.SI)$ and $KIMLY LIMITED(1D0.SI)$ could all benefit. $KEPPEL REIT(K71U.SI)$ and other consumption-focused real estate investment trusts may also gain.
🌟 Measure 2: Top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.
The steps to increase resources for lower-income seniors can aid hospital operators such as $RAFFLES MEDICAL GROUP LTD(BSL.SI)$ .
🌟 Measure 3: Turbocharging job opportunities and Topping up national productivity fund by S$4 billion
The boost of job opportunities for Singaporeans implies more business for staffing-solutions providers such as $HRNETGROUP LTD.(HRNTF)$ .
🌟 Measure 4 : Singapore will raise taxes for higher-value properties
Residential properties valued at more than of S$1.5 million and up to S$3 million will be taxed one percentage point higher at 5%. Properties in excess of S$3 million will be taxed two percentage points higher at 6%.
Singapore’s property bellwether $CITY DEVELOPMENTS LIMITED(C09.SI)$ fell the most since July 12 on Wendesday. $UOL GROUP LIMITED(U14.SI)$ dropped as much as 1.9%.
🌟 Measure 5: Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025
Some world-renowned multinationals with a presence in Singapore include $Apple(AAPL)$, $Sony Group Corporation(SNEJF)$ , $Amazon.com(AMZN)$.
A number of members of the $Straits Times Index(STI.SI)$ be designated as multinational corporations under local laws: $SINGAPORE TECH ENGINEERING LTD(S63.SI)$ ,$OVERSEA-CHINESE BANKING CORP(O39.SI)$, $DBS GROUP HOLDINGS LTD(D05.SI)$ ,$VENTURE CORPORATION LIMITED(V03.SI)$ .
💡Share Your Insights & Picks
Please leave a message in the comments section of this post.
- How will those coming measures affect your life?
- Did you trade any of the above stocks before? Did you make any profits or losses?
- Pick you most bullish SGX winner regarding to this budget, and tell tigers why?
🎁Prizes
- 🐯All Tigers who comment on the following post will receive 10 Tiger Coins.
- 🐯10 Tigers will receive 100 coins for the most popular and high-quality comments.
⏰Activity Duration
- 15 February 2023-19 February 2023
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🌟🌟🌟With high inflation, I believe it is important to stay invested in stocks. I am most bullish on our Singapore banks especially $DBS GROUP HOLDINGS LTD(D05.SI)$
Even though its share price is down 4% in the last 5 days, DBS 4Q22 profit soared 68% as rising interest rates boosted its net interest margins. I am also rewarded with a special dividend of 50 cents per share due to its strong earnings and rock solid balance sheet. DBS current dividend yield is 4.32%.
DBS is also the largest bank in Singapore by market capitalisation and the bellwether of Singapore economy.
I am currently up 35% on DBS and intend to hold it long term.
Even though the Singapore government is increasing its handout to Singaporeans in 2023, it is insufficient to cover my rising costs of living. Therefore I will continue to stay invested in quality stocks like DBS to provide me with a steady source of passive dividend income.
@Tiger_SG
过去，当每个人都为政府的资金而欣喜若狂时，我只有0美元。因此，我真的不太担心预算，因为听演讲对我来说就是音乐，因为我将一无所有。
也许这一次会有所不同。 @Tiger_SG 可能会给我100个硬币。😍😍·💋
多亏 @MHh 💋💋
@Jadenkho @rL @pekss @melson @SirBahamut @AliceSam @HelenJanet 来分享吧
tag friends @LMSunshine @Aqa @rL @HelenJanet @Universe宇宙
I have owned and traded some of the abovementioned stocks n made some gains. Still owned some.
Will pick up Keppel reits and a few others along the way to reap some dividends and enjoy passive dividends to cope with inflationary pressure.
@Kiyosumi @jovi123 @Sglim73 @HelenJanet @AnthonyVes @SR050321 @CT888 @Kiyosumi @LMSunshine @MHh come n join in if you have not. Thanks n good morning. Best wishes.
除了同意平台公司面临更高成本的观点，更高的车辆税将进一步推高车辆拥有成本，需求可能会溢出到出租车和私人出租汽车。 @Tiger_SG
While I welcome the higher CPF monthly salary ceiling to help Singaporean better prepare for retirement, I hope that the CPF annual ceiling will be lifted over time.
Nevertheless, not all is good for me in this budget announcement, as I’m looking to purchase a landed property and the hike in buyer stamp duty is going to result in higher tax payment. I’m most bullish on $GENTING SINGAPORE LIMITED(G13.SI)$ as I believe that some of the payouts and savings will be going to discretionary spendings that will benefit the integrated resorts.
@Tiger_SG