Singapore is on the cusp of becoming a 'super-aged' society, placing a heavy burden on the younger generation to care for both aging parents and growing children. This demographic faces financial strain, but strategic investing in blue-chip stocks like DBS, SGX, Keppel, and SATS can provide a financial cushion. These companies offer a blend of reliable growth and income, offering support for multiple generations.
By next year, Singapore will officially become a “super-aged” society, with one in five people aged 65 or older. This demographic shift places a significant responsibility on the younger generation, particularly those in their 40s and 50s. They are already grappling with the dual challenge of caring for ageing parents and growing children. In this “sandwiched generation,” the financial strain of supporting multiple generations can feel overwhelming.
DBS’s quarterly dividend for Q3 2024 increased by 22.7% from the previous year, reflecting the bank’s strong financial health. With excess capital of approximately S$5.9 billion, DBS is well-positioned to raise its ordinary or extraordinary dividend when it reports its 2024 results in February.As Singapore’s only stock exchange operator, SGX has a unique market position. Over the years, the company has shown consistent revenue and profit growth.
The company also rewards its shareholders with growing dividends. In FY2024, SGX increased its quarterly dividend to S$0.09, up from S$0.085 in FY2023. Management aims to sustain revenue growth of 6% to 8% annually and focus on continuing mid-single-digit dividend growth.Keppel Ltd, a diversified asset manager with core infrastructure, real estate, and connectivity divisions, is another attractive option for investors seeking stability and long-term growth.
Keppel’s focus on expanding its data centre capacity and Vision 2030 goals, including a S$730 million in asset monetisations, positions the company well for future growth. The company’s steady dividend payouts and commitment to expanding its assets and income streams make it an appealing choice for investors.SATS, a global leader in air cargo handling services and airline food catering, has shown impressive growth in the past year.
Business INVESTMENT BLUE-CHIP STOCKS SINGAPORE DEMOGRAPHIC SHIFT RETIREMENT FINANCIAL PLANNING
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