To The Moon

🌟🌟🌟Some say Singapore stocks are boring compared to the US and Hong Kong but not for me.  That is because Singapore stocks represent the best value in terms of price point and pay great dividends, tax free.  There is no currency exchange to worry about and no capital gains tax.  In contrast the US dividends have a 30% withholding tax for all dividends.

The other factor to consider is the strong Singapore dollar.  In fact the Singapore Dollar is among the strongest in the region compared to the Malaysian Ringgit, Thai Baht, Indonesian Rupiah and even the US Dollar.  The Singapore Dollar reached a 10 year high in September against the US Dollar due to lower US interest rates coupled with investors' confidence in its resilient economy.

The other factor that is often taken for granted is Singapore's resilient economy and political stability.  Singapore is also respected as a  financial centre for the region with its local banks regarded as the safest in the region.

I have bought and held many Singapore stocks which have done well over the years.  Among the best performing stocks are the 3 Big Banks in Singapore.

Top of the list is DBS $DBS Group Holdings(D05.SI)$  which is the biggest and largest bank in South East Asia.  DBS's share price has been on a tear, reaching its all time high of SGD 39.70 recently.  It has even rewarded me with bonus shares of 1 for 10 in April this year.  Plus DBS pays dividends every 3 months.  The current dividend yield is 5.11%.

OCBC $ocbc bank(O39.SI)$  is Singapore's second largest bank and the oldest.  It was established in 1932 from the merger of 3 local banks - Chinese Commercial Bank, Ho Hong Bank and Overseas Chinese Bank.  OCBC also owns the largest insurance business Great Eastern Holdings in Singapore and Malaysia in terms of assets and market share. 

OCBC has recently reached its 52 week high of SGD 15.69.  OCBC is one of the world's most highly rated banks with an Aa1 rating from Moody's and AA- rating from Standard & Poor.  OCBC has rewarded me with consistent dividends paid every 6 months.  The current dividend yield is 5.58%.

UOB $UOB(U11.SI)$  is Singapore's 3rd largest bank.  It reached its all time high on September 22 this year with the price at SGD 33.38.  UOB's strength is its extensive network in the ASEAN region, having acquired Citibank's consumer banking business in Indonesia, Vietnam, Malaysia and Thailand for SGD 4.9 billion in 2022.

UOB has also rewarded me with great dividends every 6 months.  The current dividend yield is 5.32%.

All 3 Singapore banks are scheduled to report their Q3 24 Earnings in November.  I have invested in the 3 banks since 2021 and they have outperformed my expectations, rewarding me not only with great dividends as well as with capital growth.

I have also invested in SReits as I regard them as the next best thing to owning properties without the high cost associated with buying them physically and the great dividends that are paid.   I see Green Shoots of recovery for SReits as the Feds have just started to cut the high interest rate that was prevalent for the last 4 years.  

I like SReits as I love dividends as they are required to distribute at least 90% of their taxable income to their shareholders annually.  These dividends are fuelled by the stable stream of rentals paid by tenants of their properties. 

My best performing SReit is $CapLand IntCom T(C38U.SI)$  as I am currently up 12%. Capitaland Integrated Commercial Trust is the very first and largest REIT in Singapore with a market capitalisation of SGD 13.7 billion.  CICT owns and manages 21 properties in Singapore, 2 properties in Germany and 4 properties in Sydney Australia. 

CICT pays great dividends as the current dividend yield is 6.33%.  CICT has announced that it will be conducting an Extraordinary General Meeting on October 29 2024 regarding its acquisition of ION Orchard.   This acquisition  will be dividend accretive and add to the high quality and diversified portfolio that it already  owns. 

I like CICT for its excellent management and strong sponsor in $CapitaLandInvest(9CI.SI)$  which is owned by Temasek Holdings. 

I am very happy with the performance of my Singapore stocks as a whole as they have provided me with regular dividends which is a great source of passive income.  Passive income is like earning money while I sleep, giving me more time to pursue my hobbies like travelling  and definitely more time to spend  with my loved ones. 

Singapore's economic growth is projected to grow at a steady pace in the future.  This stability is supported by its strong government and Singapore 's solid fiscal position with rock solid financial reserves. 

I am so grateful to be living in Singapore where peace and racial harmony reign supreme.  So that is why I have invested in Singapore stocks with the strong conviction and belief  that they will continue to grow and be resilient in the distant future.

Go Long Go Strong Go Singapore stocks! 🇸🇬🇸🇬🇸🇬🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰

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