ES3.SI Straits Times Index ETF Is My Anchor for Singapore Stocks

🌟🌟🌟When it comes to Singapore stocks, I believe that $STI ETF(ES3.SI)$  is the best and easiest way to tap in the dynamic Singapore market.  This is especially true  for those who are new to the Singapore market and have limited funds. 

In just 1 trade I gain access to 30 of the best and strongest Singapore blue chips companies.  These include $DBS Group Holdings(D05.SI)$  $ocbc bank(O39.SI)$  $UOB(U11.SI)$  $Singtel(Z74.SI)$  Capitaland Integrated Commercial Trust, Capitaland Ascendas REIT, Jardine Matheson Holdings, Singapore Exchange, Keppel Ltd and Singapore Airlines.

The 3 Singapore banks take up 48% of the STI ETF and they are the powerhouse of the Singapore economy.     DBS, OCBC and UOB have recently reported excellent Q2 24 results.

In the latest earnings report, DBS' s impressive 18.2% return on equity further solidifies its strong performance.  Total income also saw a healthy 9% boost, reaching SGD 5.5 billion.

Wealth management is DBS's best performer as Wealth assets under management of DBS surged 24% to a record SGD 396 billion.  This translated into a 19.6% increase in wealth management fees, reaching SGD 1.3 billion for the quarter.

OCBC had a fantastic Q2 24, the best among the 3 banks with an impressive surge in net profit reaching SGD 1.9 billion.  This outstanding result was fueled by growth across all key areas of OCBC's business.  Net interest income saw a healthy 2% increase, hitting SGD 2.4 billion.  Non interest income also jumped by a robust 13%, reaching SGD 1.2 billion, driven by strong performance in fees, trading and insurance.

UOB's Core Net Profit held steady at SGD 1.5 billion compared to the previous year.  However its net interest income dipped 1% due to lower margins.

UOB 's wealth management segment saw a strong 40% year on year growth, fueled by increased sales of structured notes, bonds and unit trusts.

Singtel is Singapore' s largest telecom provider.  For the latest quarter, Singtel's operating profit jumped 27.4% year on year to SGD 382 million  despite operating revenue dipping by 2.1% year on year to SGD 3.4 billion.  Singtel 's share price recently hit a 52 week high of SGD 3.11 but has since retreated to SGD 2.93.

Capitaland Integrated Commercial Trust is the largest SReit, boasting a market capitalisation of SGD 13.7 billion as at December 31 2023. 

Capitaland Ascendas REIT is Singapore 's first and largest listed business space and industrial Reit.

These are just some of the best Singapore stocks listed in the STI ETF. 

The STI ETF is also the oldest and largest Singapore  ETF with Assets Under Management of SGD 1.54 billion.

Performance wise, the STI ETF is up 1.9% in the past 5 days and 8.7% year todate.  In 2023, the STI ETF has risen 12%.

The best part of the STI ETF is that it pays steady and regular dividends every 6 months.  The current dividend yield is 4.62%.

I have invested in the STI ETF since 2022 and seen it grow slow and steadily.    I like the STI ETF for its low entry point, offering great value for money to invest in the best Singapore stocks.  At the last closing price of SGD 3.44 per share, it is a lot cheaper than say investing in DBS at SGD 35.84.

I also do not need to worry about choosing which Singapore stocks to buy as the STI ETF does the heavy lifting for me, choosing the best stocks and weeding out the non performing ones. 

That is why the STI ETF is my anchor and forms the core foundation of my Singapore portfolio. 

Go Long Go Strong Go STI ETF! 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰🇸🇬🇸🇬🇸🇬

@Tiger_SG  @TigerStars  @Tiger_comments  @MillionaireTiger  @Daily_Discussion  @CaptainTiger