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

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?

🎁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

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.

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  • koolgal
    ·2023-02-16
    TOP

    🌟🌟🌟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  

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    • koolgalReplying tohenghm
      Thanks
      2023-02-19
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    • henghm
      like
      2023-02-19
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    • koolgalReplying toTiger1503
      Thanks for sharing
      2023-02-18
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  • MHh
    ·2023-02-15
    TOP
    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]
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    • MHh
      [Happy]
      2023-02-23
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    • MxxwwReplying toMHh
      Yes
      2023-02-23
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    • Mxxww
      Uea
      2023-02-23
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  • DiAngel
    ·2023-02-15
    TOP
    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
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    • DiAngelReplying toAgxm
      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
      2023-02-17
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    • AgxmReplying toDiAngel
      Increase cpf ceiling mean they will pass the cost to consumer so it is negative indirectly + it is permanent
      2023-02-17
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    • DiAngelReplying tolyj1999
      😇
      2023-02-17
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  • LMSunshine
    ·2023-02-15
    TOP
    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
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    • bernardtayet
      Agreed. Best of luck.
      2023-02-16
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    • LMSunshineReplying to0QH
      🤣🤣🤣
      2023-02-15
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    • 0QH
      全是为了你
      2023-02-15
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  • SR050321
    ·2023-02-15
    TOP
    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 😘
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    • Success88
      Swee
      2023-02-16
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    • SR050321Replying toSuccess88
      I will buy again 11++
      2023-02-16
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    • SR050321Replying tobernardtayet
      Thank you for sharing yr insight, will note 👍
      2023-02-16
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  • Aqa
    ·2023-02-16
    TOP
    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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    • Universe宇宙Replying toAqa
      [ShakeHands] [Like]
      2023-02-16
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    • SR050321
      Yeah good help 👍😊
      2023-02-16
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    • BenjiFujiReplying toAqa
      [Grin]
      2023-02-16
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  • LMSunshine
    ·2023-02-15
    TOP
    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 loads @Tiger_SG for this important discussion❣️Thanks @MHh for sharing with us💕@CYKuan @Fenger1188 @HelenJanet @breAkdaWn @Jadenkho @RiciaYang @Universe宇宙 @jat @Pepermintpat @BenjiFuji @RDPD富爸穷爸 @rL @Omega88 @SirBahamut @melson @Mrzorro @GoodLife99 @SPOT_ON @Kaixiang @Soyabean89 @PJoo @markele @amroui @Ericdao @Elon2 @爱上投资学 @Zeniv @Yonhuat @Joker_Smile @grizzlylee @Kingcat @pekss
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    • Universe宇宙
      [ShakeHands] [Like]
      2023-02-16
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    • melson
      [Happy]
      2023-02-15
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    • HelenJanet
      Thanks for sharing 👍👍
      2023-02-15
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  • b1uesky
    ·2023-02-15
    TOP
    This budget I see the people will have high housing grants on HDB flats. I feel bank and property stocks will benefit from this budget. With the vouchers and cash for gst offset and the markets will be gaining momentum which benefits one sectors to others.$OVERSEA-CHINESE BANKING CORP(O39.SI)$  $PROPNEX LIMITED(OYY.SI)$  $DBS(DBS)$
    tag friends @LMSunshine @Aqa @rL @HelenJanet @Universe宇宙
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    • Universe宇宙
      [Like] [ShakeHands]
      2023-02-16
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    • SR050321
      Agree ❤️
      2023-02-16
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    • HelenJanet
      Thanks for sharing 👍👍
      2023-02-15
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  • luv2trade
    ·2023-02-16
    TOP
    Keeping a long-term focus, Singapore announced measures to promote innovation by topping up the national productivity fund by S$4 billion. Businesses will enjoy tax deductions of up to 400% (previous 250%) of qualifying innovation expenditure under the new Enterprise Innovation Scheme. This brings positives for companies that invest in R&D, for instance $AEM HOLDINGS LTD(AWX.SI)$ ,$VENTURE CORPORATION LIMITED(V03.SI)$,$UMS HOLDINGS LIMITED(558.SI)$, $ISDN HOLDINGS LIMITED(I07.SI)$ and $Nanofilm(MZH.SI)$ @Tiger_SG

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  • Success88
    ·2023-02-15
    TOP
    $OVERSEA-CHINESE BANKING CORP(O39.SI)$ straight two day drop meaning that Car MOV tax will be high, Private housing tax will be high. Mid Rich will start not to buy anymore and bank loan will affected.
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    • Success88
      Not to mention tobacco tax also increase 15% 😅
      2023-02-15
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  • MilkTeaBro
    ·2023-02-15
    TOP
    As a Singapore citizen I try to hit higher income and contribute my personal income tax. plus daily GST payment, I put a positive effort on government finance. The most outstanding, I and my wife gave one boy  and one girl to Singapore. I appreciate the government supports every year, it offset hard working family burden a little.
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    • SR050321
      Good job 👍😊
      2023-02-16
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    • bernardtayet
      Great. It is better to give than to take from a positive perspective. Well done. Best wishes.
      2023-02-16
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  • Aqa
    ·2023-02-16
    TOP
    2023 Budget raise the indirect wealth tax to help the lower income citizens in need. 1. Increase handouts by GST vouchers and Cost of Living Special Payment are good. 2. Top up ElderCare Fund will come useful. 3. Boosting Job opportu nities is important. 4.Tax raise for higher-value properties, luxury cars & cigarettes is a correct direction. 5. The effect of 15% tax on multinational enterprises is not certain yet. Generally, I support this proposed budget. I have Losers stocks: 🤪UOL (bought at $6.66) & AAPL. Maybe i have small profit. I’ll pick Keppel REIT because its portfolio committed occupancy rate is 96.8%. It benefit from the strong demand for data centres across all markets. This guarantees its revenue. Its dividend/ DPU is currently 5.1% that is well covered by earnings. Investors / fund managers looking for high DPU have Keppel Reit on their list. Thanks @Tiger_SG Thanks for tag @MHh @SR050321 @b1uesky @LMSunshine
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  • bernardtayet
    ·2023-02-16
    TOP
    The budget in a way helps in cushioning rising costs of living.
    I have owned and traded some of the abovementioned stocks n made some gains. Still owned some.
    Will pick up Keppel reits and a few others along the way to reap some dividends and enjoy passive dividends to cope with inflationary pressure.
    @Kiyosumi @jovi123 @Sglim73 @HelenJanet @AnthonyVes @SR050321 @CT888 @Kiyosumi @LMSunshine @MHh come n join in if you have not. Thanks n good morning. Best wishes.
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    • HelenJanet
      Thanks for sharing 👍👍
      2023-02-16
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    • SR050321
      Good job 👍😊
      2023-02-16
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  • nickname168
    ·2023-02-16
    TOP
    “Platform workers” are to be given greater income security, specifically through CPF contributions from both workers and employers, as the government adapts its suite of employment policies to keep up with the model implemented by the likes of $Grab Holdings(GRAB)$. Indirectly, $COMFORTDELGRO CORPORATION LTD(C52.SI)$, which competes with the likes of Grab, will now see its competition bearing higher costs.
    Besides concurring with the view that platform companies face higher costs, with higher vehicle taxes, which will drive vehicle ownership costs up further, demand could spill over to taxis and private hire vehicles. @Tiger_SG
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  • Frisbee
    ·2023-02-16
    TOP
    I think budget 2023 is generous to the lower-income group.A significant proportion of the Budget 2023 measures help address social issues such as cost-of-living pressures suffered particularly by this group. The enterprise development measures announced as “slightly positive” for $Nanofilm(MZH.SI)$and $VENTURE CORPORATION LIMITED(V03.SI)$ assuming the criteria are met. “Both Nanofilm and Venture constantly invest in R&D to develop new products and enhance their technology capabilities. Bullish on $Nanofilm(MZH.SI)$ and $VENTURE CORPORATION LIMITED(V03.SI)$. To the Moon! @Tiger_SG
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  • Kok
    ·2023-02-16
    TOP
    I'm a poor man so I probably gained more from handouts than lost on the increased taxes on various stuff. I have some of the stocks mentioned, especially $Apple(AAPL)$ and $Amazon.com(AMZN)$ . But I doubt they will be very much affected. The most bullish SGX stock for 2023? I'll probably say it could be $MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM(EVS.SI)$
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  • Mrzorro
    ·2023-02-16
    TOP
    2023 Budget raise for sure can help the lower income or senior old citizens,so It didnt impact me that much. I had trade $SHENG SIONG GROUP LTD(OV8.SI)$ before during covid period, it is a stable stock (doesnt floating around) plus they give dividend (even though not much). I prefer to  buy and hold banm stock such as $DBS GROUP HOLDINGS LTD(D05.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$.
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    • SR050321
      Lovely 😊
      2023-02-16
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  • pekss
    ·2023-02-16
    TOP
    Various schemes under the enhanced Assurance Package including increased cash payouts, additional CDC and GST vouchers and U-Save rebates, newly introduced Cost-of-Living Special Payment will certainly help to mitigate the rising cost of living from inflation and GST hikes. Even though I’m either not eligible or entitled to only small payouts, I’m still grateful to the policy makers for not forgetting the sandwich generation that I belong.
    While I welcome the higher CPF monthly salary ceiling to help Singaporean better prepare for retirement, I hope that the CPF annual ceiling will be lifted over time.
    Nevertheless, not all is good for me in this budget announcement, as I’m looking to purchase a landed property and the hike in buyer stamp duty is going to result in higher tax payment. I’m most bullish on $GENTING SINGAPORE LIMITED(G13.SI)$ as I believe that some of the payouts and savings will be going to discretionary spendings that will benefit the integrated resorts.
    @Tiger_SG
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  • AhGong
    ·2023-02-16
    TOP
    A beneficiary of Budget 2023 will be supermarket chain $SHENG SIONG GROUP LTD(OV8.SI)$, which will see higher business volume as Singaporeans make good use of their additional cash handouts or vouchers.Suburban mall proxy $FRASERS CENTREPOINT TRUST(J69U.SI)$also benefits as supermarkets and grocers occupy about 10% of total net leasable area (NLA). Food courts are also among top 10 tenants by NLA within these heartland malls. Hence, I am bullish on both $SHENG SIONG GROUP LTD(OV8.SI)$ and $FRASERS CENTREPOINT TRUST(J69U.SI)$ @Tiger_SG
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  • onlyYou
    ·2023-02-16
    TOP
    The increased handouts will support private demand despite high inflation pressures, which could be positive for value grocers like Sheng Siong and F&B operators like Kimly or Jumbo Group. This could in turn benefit retail REITs like FCT or Suntec REIT, which have a large part of their malls dedicated to food courts and restaurants. @Tiger_SG
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