Dear readers, Singapore Budget 2022 has been delivered. Which are the Singapore stocks to benefit from Singapore Budget 2022?
Let us take a look at some of key beneficiaries in analysts’ view as below.
1. DBS stock, OCBC stock, UOB stock: may benefit from the S$500 million Jobs & Business Support Package as the threat of non-performing loans from the SME sectors is reduced
2. ComfortDelgro stock: may benefit from initiatives aimed at encouraging the use of public transportation and roll out of electric vehicles
3. Sheng Siong stock, Dairy Farm stock, Jumbo Group stock, Kimly stock, Genting Singapore stock, Reits with retail exposure like Frasers Centrepoint Trust, Capitaland Integrated Commercial Trust and Suntec Reit: may gain from a higher consumer spending in the short term with the staggered GST increase to 8% and 9% in year 2023 and 2024
That’s in all, twelve possible Singapore stocks that could benefit from Singapore Budget 2022.
Despite analysts being bullish on these stocks, I would think the macro environment in relation to US, China and the larger geo-political developments will weigh on Singapore stocks markets more.
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