Did you know that you can invest your CPF savings in various financial products? 💰
The Central Provident Fund scheme was set up to help Singaporeans to build up their savings forThe Ordinary Account pays out an almost risk-free interest rate of 2.5%, with an additional 1% paid out for the first S$20,000.
Aside from acting as a source of retirement funds, the CPF OA can also be used for housing and education. What’s more, the government has also introduced the CPF Investment Scheme which provides members with the option to invest their CPF savings in various financial products.The CPFIS allows members to grow their CPF above the risk-free rate, but you need to be aware of theseIf you plan to grow your CPF at a faster clip, here are three stocks you can consider buying with the CPFIS.The Hour Glass, or THG, is a specialist watch retailer with 50 boutiques located in 12 cities around the Asia-Pacific region. The group carries a wide selection of timepieces with high-end brands such as Rolex, Patek Philippe, Omega, Cartier, and IWC.For its fiscal 2022 first half ended 30 September 2021, revenue surged by 63% year on year to S$477.4 million.Free cash flow jumped 53.8% year on year to S$78.6 million.THG’s trailing 12-month dividend stands at S$0.06, giving its shares a historical dividend yield of 2.6%. Luxury watch demand is on the rise as travel has been curtailed over the last two years due to the pandemic. Owning luxury watches is the new rage among the young, who own the watches because there is a second-hand market where they can sell them at a profit.The recent launch of the cum Omega collection drew huge crowds not just in Singapore, but also in Japan, Australia, and the US. These observations indicate that there is strong and sustained demand for luxury watches and THG is in a good position to capitalise on this trend.Singapore Technologies Engineering Ltd, or STE, is a global technology, defence and engineering group.engineering conglomerate has diverse businesses in the aerospace, smart city, and public security segments and serves customers in more than 100 countries. STE reported a strong set of earnings for fiscal 2021 , with revenue rising 7.5% year on year to S$7.7 billion. Operating profit climbed by 13.3% year on year while net profit improved by 9.3% year on year to S$570.5 million.There are hints that the group’s growth can continue into FY2022 and beyond.The group had also TransCore, a market leader in electronic toll collection solutions and a provider of intelligent transportation systems, for US$2.7 billion.
Please follow us on Google to support usSingapore Latest News, Singapore Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Assam: 'Mysterious' giant stone jars found in IndiaThe jars are thousands of years old and may have been used for ancient human burial practices.
Read more »
Capetown Beauty goes for hat-trickRACE 1 (1,200M) (7) GRINKOV has run some crackers in the feature races. He could make a sparkling local debut. (9) WINNING SINGLE has run two seconds and could have bigger fish to fry. (3) AZTEC WARRIOR was second to the well-supported Gladatorian and has drawn...
Read more »
Shanghai asks entire city to self-test for Covid-19 as frustration growsSHANGHAI - Shanghai on Sunday (April 3) ordered its 26 million residents to undergo two more rounds of tests for Covid-19 as public anger grows over how authorities in China's most populous city are tackling a record coronavirus surge. Residents should self-test on Sunday using antigen kits and report any positive results, Shanghai government officials told a news conference, while...
Read more »
Zelenskyy calls Russian troops murderers, outrage grows over 'war crimes'BUCHA: Ukraine\u0027s President Volodymyr Zelenskyy called Russian troops \u0022murderers, torturers, rapists, looters\u0022 on Monday (Apr 4) after dozens of bodies were found near Kyiv, triggering global outrage and vows of tough new sanctions on Moscow. Local authorities said they had been forced to dig communal
Read more »
People have some thoughts on Justin Bieber's Grammys look: 'Small child in grown man’s suit vibes'People have some thoughts on JustinBieber's Grammys look: 'Small child in grown man’s suit vibes'
Read more »
Why Indonesia’s vaccination drive may be losing steam, and what the government is doing about itThe national COVID-19 task force is ramping up vaccination efforts during the fasting month in order to suppress another potential wave of infections during Idul Fitri.
Read more »