To The Moon

🌟🌟🌟For those investors who are new to investing in Singapore, $iShares MSCI Singapore ETF(EWS)$ is a great low cost way to invest in the best Singapore Blue Chip stocks. 

The Top 10 holdings include $DBS GROUP HOLDINGS LTD(D05.SI)$  $ocbc bank(O39.SI)$  $UNITED OVERSEAS BANK LIMITED(U11.SI)$  as well as $Sea Ltd(SE)$  Singtel, Singapore Airlines, Capitaland Ascendas Reit, Keppel, Grab and Singapore Exchange.

The 3 Singapore banks take up 46% weightage.  The Top 10 weightage is 56%.  Total number of holdings is 23.  The expense ratio is 0.50%.  Distributions are paid every 6 months.  The current distribution yield is 6.3%.

I like EWS ETF because its holdings include SEA and Grab which are missing from the STI ETF.  This is because SEA and Grab are listed in the New York Stock Exchange.

SEA has just reported its latest Q124 earnings that saw improvements in both top and bottom lines.  Revenue rose to USD 3.7 billion, up 23% for the quarter.  Its ECommerce arm Shopee saw Gross Merchandise Value up 36% year on year to USD 23.6 billion in Q1 24.

The 3 Singapore banks have recently delivered Q124 results that exceeded expectations.  This is due to pick up in loan growth and recovery in wealth management.  DBS is the best performing bank of the 3. 

Performance wise EWS is up 1% today and in the past 5 days, it is up 2.5%.  EWS has risen by 6.1% year todate but is slightly down by 1.7% in 2023.

At the last closing price of USD 19.51, EWS offers value for money.  In contrast if I was to invest in stocks like DBS, it would be SGD 35.43 per share. 

Best of all I like the nice, juicy distributions which are paid every 6 months.  EWS goes ex distribution on June 11.

Singapore is one of the fastest growing regions in South East Asia with stable government, dynamic economy, leading financial centre and blessed with racial harmony.  Today as we welcome our  new Prime Minister Lawrence Wong, I believe Singapore will continue to thrive and grow in the long term. 

Go Long Go Strong Go EWS! 

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