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- Alex officialAlex official
  ·2023-02-18
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  Singapore Budget 2023: Which Stocks Are Winners?
  Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to
  Singapore Budget 2023: Which Stocks Are Winners?
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🅸🅽🆂🆃🅰🅶🆁🅰🅼. She trade with experience to make sure you don’t 🏆lose your money 🏆I invested in her platform 📊 ☎️+①(④⑧⓪) ⑨②⓪-②③④⑨","listText":"💷💷💷. 💷💷💷💷 I traded with Catherine 🅣🅔🅡🅔🅢🅐 🅕🅤🅛🅛🅔🅡 on. 🅸🅽🆂🆃🅰🅶🆁🅰🅼. She trade with experience to make sure you don’t 🏆lose your money 🏆I invested in her platform 📊 ☎️+①(④⑧⓪) ⑨②⓪-②③④⑨","text":"💷💷💷. 💷💷💷💷 I traded with Catherine 🅣🅔🅡🅔🅢🅐 🅕🅤🅛🅛🅔🅡 on. 🅸🅽🆂🆃🅰🅶🆁🅰🅼. She trade with experience to make sure you don’t 🏆lose your money 🏆I invested in her platform 📊 ☎️+①(④⑧⓪) ⑨②⓪-②③④⑨","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954745976","repostId":"1120948458","repostType":2,"repost":{"id":"1120948458","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1676454068,"share":"https://www.laohu8.com/m/news/1120948458?lang=&edition=full","pubTime":"2023-02-15 17:41","market":"sg","language":"en","title":"Singapore Budget 2023: Which Stocks Are Winners?","url":"https://stock-news.laohu8.com/highlight/detail?id=1120948458","media":"Tiger Newspress","summary":"Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to ","content":"<html><head></head><body><p>Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to consumers, while the property sector and multinational corporations may suffer as a result of higher taxation.</p><p><img src=\"https://static.tigerbbs.com/a67c954a87f90252a4fb3df5008911d7\" tg-width=\"750\" tg-height=\"1178\" referrerpolicy=\"no-referrer\"/></p><p>According to Bloomberg, Here are details of what analysts see as the main winners and losers from the budget:</p><h2>WINNERS</h2><h3>Consumer Stocks</h3><p>Singapore’s plan toincreaseits handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year starting April, to help offset higher price pressures, will be positive for stocks tied to local consumption.</p><p>Food and beverage manufacturer <a href=\"https://laohu8.com/S/F99.SI\">Fraser and Neave Ltd.</a>, grocer <a href=\"https://laohu8.com/S/OV8.SI\">Sheng Siong Group Ltd.</a> and restaurants and food caterers such as <a href=\"https://laohu8.com/S/42R.SI\">Jumbo Group Ltd.</a> and <a href=\"https://laohu8.com/S/1D0.SI\">Kimly Ltd.</a> could all benefit. <a href=\"https://laohu8.com/S/K71U.SI\">Keppel REIT</a> and other consumption-focused real estate investment trusts may also gain.</p><h3>Aged Care</h3><p>Singapore’s move to add more resources for lower-income seniors can aid hospital operators such as <a href=\"https://laohu8.com/S/BSL.SI\">Raffles Medical Group Ltd.</a> and <a href=\"https://laohu8.com/S/Q0F.SI\">IHH Healthcare Bhd</a>.</p><p>Wong plans to top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.</p><h3>Manpower</h3><p>Wong’s plans aimed at turbocharging job opportunities for Singaporeans implies more business for staffing-solutions providers such as <a href=\"https://laohu8.com/S/CHZ.SI\">HRnetgroup Ltd</a>.</p><p>The city-state will top up national productivity fund by S$4 billion, develop labor-market intermediaries who can go through industry training and employment facilitation, and extend the Senior Employment Credit and the Part-time Re-employment Grant.</p><h2>LOSERS</h2><h3>Property</h3><p>Singapore will raise taxes for higher-value properties in an attempt to boost revenue and help fund an array of spending programs.</p><p>The residential properties in excess 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%.</p><p>Stocks to watch include property firms such as <a href=\"https://laohu8.com/S/C09.SI\">City Developments Ltd.</a> and <a href=\"https://laohu8.com/S/U14.SI\">UOL Group Ltd</a>.</p><h3>Multinationals</h3><p>Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate. Some world-renowned multinationals with presence in Singapore include <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>, <a href=\"https://laohu8.com/S/SONY\">Sony Group Corp.</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc.</a></p><p>Such a move may also weigh on multiple members of the Straits Times Index, if they qualify as multinational corporations under local laws.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Budget 2023: Which Stocks Are Winners?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Budget 2023: Which Stocks Are Winners?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-15 17:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to consumers, while the property sector and multinational corporations may suffer as a result of higher taxation.</p><p><img src=\"https://static.tigerbbs.com/a67c954a87f90252a4fb3df5008911d7\" tg-width=\"750\" tg-height=\"1178\" referrerpolicy=\"no-referrer\"/></p><p>According to Bloomberg, Here are details of what analysts see as the main winners and losers from the budget:</p><h2>WINNERS</h2><h3>Consumer Stocks</h3><p>Singapore’s plan toincreaseits handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year starting April, to help offset higher price pressures, will be positive for stocks tied to local consumption.</p><p>Food and beverage manufacturer <a href=\"https://laohu8.com/S/F99.SI\">Fraser and Neave Ltd.</a>, grocer <a href=\"https://laohu8.com/S/OV8.SI\">Sheng Siong Group Ltd.</a> and restaurants and food caterers such as <a href=\"https://laohu8.com/S/42R.SI\">Jumbo Group Ltd.</a> and <a href=\"https://laohu8.com/S/1D0.SI\">Kimly Ltd.</a> could all benefit. <a href=\"https://laohu8.com/S/K71U.SI\">Keppel REIT</a> and other consumption-focused real estate investment trusts may also gain.</p><h3>Aged Care</h3><p>Singapore’s move to add more resources for lower-income seniors can aid hospital operators such as <a href=\"https://laohu8.com/S/BSL.SI\">Raffles Medical Group Ltd.</a> and <a href=\"https://laohu8.com/S/Q0F.SI\">IHH Healthcare Bhd</a>.</p><p>Wong plans to top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.</p><h3>Manpower</h3><p>Wong’s plans aimed at turbocharging job opportunities for Singaporeans implies more business for staffing-solutions providers such as <a href=\"https://laohu8.com/S/CHZ.SI\">HRnetgroup Ltd</a>.</p><p>The city-state will top up national productivity fund by S$4 billion, develop labor-market intermediaries who can go through industry training and employment facilitation, and extend the Senior Employment Credit and the Part-time Re-employment Grant.</p><h2>LOSERS</h2><h3>Property</h3><p>Singapore will raise taxes for higher-value properties in an attempt to boost revenue and help fund an array of spending programs.</p><p>The residential properties in excess 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%.</p><p>Stocks to watch include property firms such as <a href=\"https://laohu8.com/S/C09.SI\">City Developments Ltd.</a> and <a href=\"https://laohu8.com/S/U14.SI\">UOL Group Ltd</a>.</p><h3>Multinationals</h3><p>Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate. Some world-renowned multinationals with presence in Singapore include <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>, <a href=\"https://laohu8.com/S/SONY\">Sony Group Corp.</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc.</a></p><p>Such a move may also weigh on multiple members of the Straits Times Index, if they qualify as multinational corporations under local laws.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHZ.SI":"和乐集团有限公司","U14.SI":"华业集团","42R.SI":"珍宝餐饮集团","K71U.SI":"吉宝房地产信托","Q0F.SI":"IHH医疗保健集团","1D0.SI":"金味有限公司","BSL.SI":"莱佛士医疗","OV8.SI":"昇菘","C09.SI":"城市发展","F99.SI":"星狮集团"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120948458","content_text":"Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to consumers, while the property sector and multinational corporations may suffer as a result of higher taxation.According to Bloomberg, Here are details of what analysts see as the main winners and losers from the budget:WINNERSConsumer StocksSingapore’s plan toincreaseits handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year starting April, to help offset higher price pressures, will be positive for stocks tied to local consumption.Food and beverage manufacturer Fraser and Neave Ltd., grocer Sheng Siong Group Ltd. and restaurants and food caterers such as Jumbo Group Ltd. and Kimly Ltd. could all benefit. Keppel REIT and other consumption-focused real estate investment trusts may also gain.Aged CareSingapore’s move to add more resources for lower-income seniors can aid hospital operators such as Raffles Medical Group Ltd. and IHH Healthcare Bhd.Wong plans to top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.ManpowerWong’s plans aimed at turbocharging job opportunities for Singaporeans implies more business for staffing-solutions providers such as HRnetgroup Ltd.The city-state will top up national productivity fund by S$4 billion, develop labor-market intermediaries who can go through industry training and employment facilitation, and extend the Senior Employment Credit and the Part-time Re-employment Grant.LOSERSPropertySingapore will raise taxes for higher-value properties in an attempt to boost revenue and help fund an array of spending programs.The residential properties in excess 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%.Stocks to watch include property firms such as City Developments Ltd. and UOL Group Ltd.MultinationalsSingapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate. Some world-renowned multinationals with presence in Singapore include Apple Inc., Sony Group Corp. and Amazon.com Inc.Such a move may also weigh on multiple members of the Straits Times Index, if they qualify as multinational corporations under local laws.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}