Singapore Stocks with Growth and Dividend Potential: iFAST, OCBC, Keppel DC REIT, and Genting Singapore

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Singapore Stocks with Growth and Dividend Potential: iFAST, OCBC, Keppel DC REIT, and Genting Singapore

Singapore is known for its strong financial and investment market, offering opportunities for both growth and dividend investing. In this article, we highlight four Singapore stocks that have the potential to deliver both growth and dividends, helping investors on their journey towards retirement. These stocks include iFAST, OCBC, Keppel DC REIT, and Genting Singapore.

iFAST is a financial technology company that operates a platform for buying and selling unit trusts, shares, and bonds. The company has seen a strong financial performance in the first half of 2023, with total revenue increasing by 1.2% year on year to S$108.1 million. Operating profit also jumped significantly by 69.5% to S$9.1 million. iFAST paid out its second interim dividend of S$0.011, unchanged from the previous year, and has shown promising growth in its assets under administration.

OCBC, Singapore’s second-largest bank by market capitalization, reported impressive earnings for the first half of 2023. Net profit climbed by 38% year on year to S$3.6 billion, driven by a higher net interest margin of 2.28%. The bank also unveiled a refreshed strategy and aims to deliver an incremental increase of S$3 billion in revenue over the next three years. OCBC paid out an interim dividend of S$0.40, a 43% year-on-year increase.

Keppel DC REIT is a data center REIT with a portfolio of 23 data centers across nine countries. The REIT reported strong results for the first half of 2023, with its distribution per unit (DPU) increasing to S$0.05051. The REIT has no refinancing requirement for 2023 and has secured new contracts in Singapore, Ireland, and the Netherlands. With the increasing demand for data centers, Keppel DC REIT is well-positioned for growth.

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Genting Singapore owns and operates the integrated resort at Resorts World Sentosa (RWS), which features hotels, a casino, a theme park, and various entertainment options. The company saw a significant increase in revenue for the first half of 2023, driven by the recovery in air travel and tourism. Operating profit more than tripled, and Genting Singapore raised its interim dividend by 50% compared to the previous year. The company has exciting plans for expansion, including the construction of new attractions and hotels.

In conclusion, these four Singapore stocks – iFAST, OCBC, Keppel DC REIT, and Genting Singapore – have shown strong performance and potential for both growth and dividends. Investors looking to accelerate their journey towards retirement should consider these stocks as part of their investment portfolio.

Please note that all investment decisions should be made after thorough research and consideration of one’s financial goals and risk tolerance.

Frequently Asked Questions (FAQs) Related to the Above News

What is iFAST and what does the company do?

iFAST is a financial technology company that operates a platform for buying and selling unit trusts, shares, and bonds. It provides B2B and B2C wealth management solutions and services.

How has iFAST performed financially in the first half of 2023?

iFAST had a strong financial performance in the first half of 2023, with total revenue increasing by 1.2% year on year to S$108.1 million. Operating profit also jumped significantly by 69.5% to S$9.1 million.

Did iFAST pay out any dividends in the first half of 2023?

Yes, iFAST paid out its second interim dividend of S$0.011, which was unchanged from the previous year.

What is OCBC and what is its position in Singapore's banking industry?

OCBC is Singapore's second-largest bank by market capitalization. It offers a wide range of financial services, including consumer banking, corporate banking, and treasury and markets.

How did OCBC perform financially in the first half of 2023?

OCBC reported impressive earnings for the first half of 2023, with net profit climbing by 38% year on year to S$3.6 billion. This increase was driven by a higher net interest margin of 2.28%.

Did OCBC pay out dividends in the first half of 2023?

Yes, OCBC paid out an interim dividend of S$0.40, which represented a 43% year-on-year increase.

What is Keppel DC REIT and what is its focus?

Keppel DC REIT is a data center real estate investment trust (REIT) that owns and operates a portfolio of 23 data centers across nine countries. It focuses on providing data center solutions to support the digitalization and cloud computing trends.

How did Keppel DC REIT perform financially in the first half of 2023?

Keppel DC REIT reported strong results in the first half of 2023, with its distribution per unit (DPU) increasing to S$0.05051. The REIT also secured new contracts in Singapore, Ireland, and the Netherlands.

Does Keppel DC REIT have any upcoming financial obligations?

Keppel DC REIT has no refinancing requirement for 2023, which indicates stable financial positioning and reduces the risk of potential liquidity issues.

What is Genting Singapore and what are its main business operations?

Genting Singapore owns and operates the integrated resort at Resorts World Sentosa (RWS) in Singapore. It features hotels, a casino, a theme park, and various entertainment options.

How did Genting Singapore perform financially in the first half of 2023?

Genting Singapore saw a significant increase in revenue for the first half of 2023, driven by the recovery in air travel and tourism. Operating profit more than tripled compared to the previous year.

Did Genting Singapore pay out dividends in the first half of 2023?

Yes, Genting Singapore raised its interim dividend by 50% compared to the previous year, indicating its commitment to rewarding shareholders.

What are the expansion plans of Genting Singapore?

Genting Singapore has exciting plans for expansion, including the construction of new attractions and hotels. These plans indicate the company's strategic focus on growth opportunities in the entertainment and hospitality sectors.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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