[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?

Tiger_SG
2023-02-15

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?

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🎁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
SGX Stocks Opportunities
Share SGX companies' analysis and opportunities with Tigers!
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.

Comments

  • koolgal
    2023-02-16
    koolgal

    🌟🌟🌟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  

  • MHh
    2023-02-15
    MHh
    In the current climate, expecting banks and essentials like $OVERSEA-CHINESE BANKING CORP(O39.SI)$and $SHENG SIONG GROUP LTD(OV8.SI)$ to do well. Sadly dont have $SHENG SIONG GROUP LTD(OV8.SI)$yet. $OVERSEA-CHINESE BANKING CORP(O39.SI)$is still in the green for me. Im not too old and not too poor, so didnt get the maximum benefits[LOL]
  • DiAngel
    2023-02-15
    DiAngel
    I dont own any of the stocks listed in this article. I dont gain anything from 2023 Budget except Medisave. Ok. CDC vouchers as every household is entitled to it.


    When everyone is overjoyed with funds from government in the past, i have $0. 🤫 Hence i dont really bother much about Budget as it will be music to me listening to the talk as I will have nothing.


    Maybe this time round might be different. @Tiger_SG might give me 100 coins. 🤣🤣🥰🥰😍😍🫰🫰💋


    Thanks to @MHh 💋💋
    @Jadenkho @rL @pekss @melson @SirBahamut @AliceSam @HelenJanet come n share
    • DiAngelReplyAgxm: 
      I dont get you. Increasing cpf ceiling means more into CPF and less take home pay. Indirectly, take care of your own retirement nest. Whereas increasing GST is passing on to consumer
    • AgxmReplyDiAngel: 
      Increase cpf ceiling mean they will pass the cost to consumer so it is negative indirectly + it is permanent
    • DiAngelReplylyj1999: 
      😇
    • DiAngelReplyAgxm: 
      $0 is the maximum that anyone can get
    • Agxm: 
      U get $0? Or negative?🤣🤣🤣
  • LMSunshine
    2023-02-15
    LMSunshine
    The measures will help some Singaporeans more and it’s great but they don’t make a big difference in my life at this point in time because:(1)The handout’s too little to cover the level of inflation and GST increases😅 Is it a big help to you 🐯🐯🐯❓(2)I bought hospitalisation insurance. (3)I‘m not switching jobs. (4) I stay in humble HDB😅 (5)I don’t own a multi-national enterprise. I am most 🐂-ish for $SHENG SIONG GROUP LTD(OV8.SI)$ because when inflation is high,Singaporeans will save $ by shopping at cheaper supermarkets.Whick stock are you most 🐂-ish for my friends❓Share and win coins🥳 Thanks @MHh for sharing with us💕 @BlueDragon @ZeroG @Alconies @Newcomer007 @newcomer676 @drandy @aiyoh79 @OldCitron @Lord_Kuberan @Star0331 @StayCalm @0QH @eeth @ShengSoon @jllwang @Shiella @cristine @Gunawanh @WLing @Zash @GrumpyDino @Snoopymint @AaronJe @YTGIRL @VivianChua @MSJYJ @YJ13 @KH321 @DannDann @Cyberguard @kaite
  • SR050321
    2023-02-15
    SR050321
    Time to buy good companies if fall to cheap level. I will still go to Sg market first, $OVERSEA-CHINESE BANKING CORP(O39.SI)$ and $SINGTEL(Z74.SI)$ ❤️ @rL @Success88 @LMSunshine @HelenJanet @melson @Aqa @Ron18 come n join. Thanks @MHh for the tag 😘
  • Aqa
    2023-02-16
    Aqa
    I support the proposed 2023 Budget. Various payouts, top-ups and tebates will be given to help Singaporeans in need to deal with higher inflation & GST increase. 1. Handouts in the form of CDC vouchers, Seniors’ Bonus Cash & Medisave top-ups are well-received. 2. Top up Eldercare Fund & MediFund are necessary. 3. Boosting job opportuni ties is very important. 4. Tax raise on higher-value properties, luxury cars, cigarettes is a good direction. 5. The effect of 15% effective tax rate on multinational enterprises are not clear yet. I have Losers stocks: AAPL ($1 from TiGR) & UOL (bought at $6.66🤪🤪🤪) Maybe i have a small profit now. I would like to pick “Keppel Reits” because its portfolio committed occupancy rate is 96.8%. With a potential increase in Distribution per Unit, investors / fund nanagers looking for high DPU have Keppel reit on their investment list. Thanks for this event @Tiger_SG Thanks 🐯 for tag @MHh @SR050321 @b1uesky @LMSunshine @GoodLife99 @melson @HelenJanet
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