SINGAPORE: As retirement approaches, investors often seek a combination of growth returns and dividends to secure their financial future.
For Singaporeans seeking to secure their financial future, here are four SG stocks for growth and dividends for retirement, as Yahoo Finance reports.
iFAST Corporation Limited (SGX: AIY)
iFAST operates as a financial technology firm, providing a platform for purchasing and selling unit trusts, shares, and bonds.
iFAST Financial Performance for the First Half of 2023 (1H 2023)
- Total revenue: S$108.1 million (1.2% YoY increase)
- Operating profit: S$9.1 million (69.5% YoY increase)
- Net profit: S$6.6 million (doubled YoY)
iFAST Dividends
- Paid second interim dividend of S$0.011 (unchanged from the previous year)
- Trailing 12-month dividend: S$0.048
iFAST Growth Outlook
- Expects improved results in 2H 2023, driven by the ePension division and digital banking services.
- Assets under administration: S$18.8 billion (8% YoY growth)
- Net inflows: S$872 million for 1H 2023
OCBC Ltd (SGX: O39)
OCBC Ltd is Singapore’s second-largest bank.
OCBC Earnings for the First Half of 2023 (1H 2023)
- Net profit: S$3.6 billion (38% YoY increase)
- Net interest margin (NIM): 2.28% for 1H 2023
OCBC Dividends and Strategy
- Interim dividend: S$0.40 (43% YoY increase)
- Unveiled a strategy for S$3 billion revenue increase over three years.
OCBC Growth Outlook
- Anticipates NIM above 2.2% for the year.
- Driven by US Federal Reserve’s commitment to high interest rates.
As per Yahoo Finance, CEO Helen Wong is optimistic that the Net Interest Margin (NIM) can be sustained above 2.2% throughout 2023. This confidence is because the “US Federal Reserve has signalled its intention to hold rates high for longer and may even raise rates further to tame inflation.”
Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a Real Estate Investment Trust specializing in data centres, boasting a portfolio of 23 facilities distributed across nine different countries.
Keppel Financial Performance for the First Half of 2023 (1H 2023)
- Distribution per unit (DPU): S$0.05051 (3.6% YoY increase)
- Gross revenue: S$140.5 million (3.6% YoY increase)
Keppel Debt and Expansion
- No refinancing requirements in 2023; a majority of debt matures in 2026 and beyond.
- Secured new contracts and expansions in key locations like Singapore, Ireland and the Netherlands.
Keppel Growth Outlook
- Strong demand for data centres driven by technology and AI.
- Pursuing data centre acquisition opportunities.
Genting Singapore Ltd (SGX: G13)
Genting Singapore Ltd operates Resorts World Sentosa (RWS). The integrated resort (IR) includes six hotels, a casino, the Universal Studios Singapore (USS) theme park, and one of Southeast Asia’s largest aquariums. It offers a diverse range of dining, shopping, and entertainment choices.
Genting Singapore Financial Performance for the First Half of 2023 (1H 2023)
- Revenue: S$1.1 billion (63% YoY increase)
- Operating profit: S$350.8 million (triple YoY increase)
- Net profit: S$276.7 million
Genting Singapore Dividends and Projects
- Interim dividend: S$0.015 (50% YoY increase).
- Renovation of The Forum and construction of Minion Land and Singapore Oceanarium are underway.
Yahoo Finance reports that construction work on The Forum started in May 2023. They’re transforming it into a big, 20,000-square-meter place. The space will feature newly added upscale restaurants, speciality shops, entertainment, and concept stores. Also, they’re building Minion Land at USS and a new Singapore Oceanarium, and everything’s advancing smoothly.
Genting Singapore’s Future Plans:
- Plans for a new Waterfront Building and Equarius Hotel extension pending government approvals.
- Positive outlook with the recovery in air travel and tourism.
If you plan on investing for retirement, these 4 SG stocks may be your path to a retirement filled with growth and dividends.
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