[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
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🌟🌟🌟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
When everyone is overjoyed with funds from government in the past, i have $0. 🤫 Hence i dont really bother much about Budget as it will be music to me listening to the talk as I will have nothing.
Maybe this time round might be different. @Tiger_SG might give me 100 coins. 🤣🤣🥰🥰😍😍🫰🫰💋
Thanks to @MHh 💋💋
@Jadenkho @rL @pekss @melson @SirBahamut @AliceSam @HelenJanet come n share
tag friends @LMSunshine @Aqa @rL @HelenJanet @Universe宇宙
我拥有并交易了一些上述股票，并获得了一些收益。仍然拥有一些。
将挑选吉宝房地产投资信托基金和其他几个沿途收获一些股息，并享受被动股息，以应对通胀压力。
@Kiyosumi @jovi123 @Sglim73 @HelenJanet @AnthonyVes @SR050321 @CT888 @Kiyosumi @LMSunshine @MHh 如果你还没有，就来加入吧。谢谢，早上好。最美好的祝愿。
Besides concurring with the view that platform companies face higher costs, with higher vehicle taxes, which will drive vehicle ownership costs up further, demand could spill over to taxis and private hire vehicles. @Tiger_SG
虽然我欢迎提高中央公积金月薪上限，以帮助新加坡人更好地为退休做准备，但我希望中央公积金的年度上限将随着时间的推移而取消。
然而，在这份预算公告中，并不是所有的事情都对我有利，因为我想购买一处房产，买家印花税的上调将导致更高的纳税额。我最看好的是$云顶新加坡(G13.SI)$因为我相信，一些支出和节省将用于可自由支配的支出，这将有利于综合度假村。
@Tiger_SG