The Smart Investor
    Facebook Instagram
    Monday, January 30
    Facebook Instagram LinkedIn
    The Smart Investor
    • Home
    • About
      • About Us
      • Careers
    • Smart Investing
      • Getting Started
      • Investing Strategy
      • Smart Analysis
      • Smart Reads
    • Special Free Reports!
    • As Featured on BT
    • Our Services
      • Our Services
      • Subscribe now!
    • Login
    • Cart
    The Smart Investor
    Home»Dividend Stocks»5 Dependable Singapore Stocks to Help Your Portfolio Hop Upwards in the Year of the Rabbit
    Dividend Stocks

    5 Dependable Singapore Stocks to Help Your Portfolio Hop Upwards in the Year of the Rabbit

    It’s a good time to pick up some growth stocks to propel your portfolio’s value higher in the Year of the Rabbit.
    Royston YangBy Royston YangJanuary 20, 20235 Mins Read
    Facebook Twitter LinkedIn Email WhatsApp
    Nanotechnology Molecules
    Share
    Facebook Twitter LinkedIn Email WhatsApp

    2023 has just begun but Chinese New Year is already upon us.

    The Year of the Tiger looks set to end with a whimper rather than a roar as stock markets around the world fared badly in response to the twin headwinds of inflation and surging interest rates.

    The Year of the Rabbit promises peace and prosperity, with investors finally able to catch their breath to reposition their investment portfolios.

    And with this year being that of the Water Rabbit, it also symbolises a ray of hope for weary investors.

    Parking your money in dependable stocks with healthy growth prospects should keep your portfolio safe even as the economy navigates these challenges.

    Here are five reliable stocks that can help to usher in a prosperous Lunar New Year.

    As a bonus, all of them also pay out healthy dividends.

    ComfortDelGro Corporation Ltd (SGX: C52)

    ComfortDelGro Corporation, or CDG, is a blue-chip land transport giant with a fleet of around 34,000 buses, taxis and rental vehicles.

    Its operations span seven countries – Singapore, Australia, the UK, China, Ireland, New Zealand, and Malaysia.

    For its fiscal 2022’s third quarter (3Q2022) business update, CDG reported that revenue had risen 10.1% year on year to S$969.5 million.

    Net profit surged by close to 33% year on year to S$34.3 million.

    With international travel rebounding strongly and countries such as China and Hong Kong opening up this month, CDG should enjoy a continued boost for its operations.

    The group paid out an interim dividend of S$0.0285 and a special dividend of S$0.0141 last year.

    CDG has been busy growing its business, snagging three metropolitan bus contracts in Sydney worth A$1.7 billion in November last year.

    Earlier this month, the group also invested US$4 million into an Israeli teleoperation software company to boost its autonomous vehicle capabilities.

    AEM Holdings Ltd (SGX: AWX)

    AEM provides comprehensive semiconductor and electronic test solutions and has manufacturing plants in countries such as Singapore, Malaysia, the US, and Finland.

    AEM’s 3Q2022 business update saw the group reporting its highest quarterly and nine-months revenue in its history.

    For the first nine months of 2022 (9M2022), revenue soared 120.6% year on year to S$746.6 million while net profit more than doubled year on year to S$115.3 million.

    Management is confident that new advanced manufacturing and packaging developments will spur new test methodologies, thereby providing more business for AEM.

    For its first half of 2022 (1H2022) earnings, AEM more than doubled its interim dividend from S$0.026 to S$0.067.

    The group also recently opened a new 365,000-square-foot manufacturing facility in Penang.

    Hongkong Land Holdings Ltd (SGX: H78)

    Hongkong Land Holdings, or HKL, is a property development, management and investment group that owns more than 850,000 square metres of office and luxury retail properties in Hong Kong, Singapore, Beijing, and Jakarta.

    As of 30 September, the committed physical vacancy rate remained low at 4.8% for its Hong Kong office property segment.

    Singapore’s office portfolio saw a committed physical vacancy rate of just 0.7%.

    However, HKL’s development properties segment saw weakness in 9M2022 due to pandemic-related restrictions in China, chalking up sales of just US$765 million versus US$1.6 billion in the same period last year.

    Despite the weak economic conditions, HKL still maintained its interim dividend of US$0.06 for 1H2022.

    The Hour Glass Ltd (SGX: AGS)

    The Hour Glass, or THG, is a retailer of luxury watches with 50 boutiques across the Asia Pacific region.

    The group sells famous Swiss watch brands such as Omega, Patek Philippe, Panerai, and Rolex.

    THG announced a strong set of earnings for its fiscal 2023’s first half (1H2023) ending 30 September 2022.

    Revenue climbed 18% year on year to S$562.7 million while net profit surged 35% year on year to S$84.5 million.

    The luxury retailer paid out an interim dividend of S$0.02, unchanged from a year ago.

    More super-rich families are setting up offices in Singapore to manage their wealth, with the country hosting 700 family offices currently, up from 400 in end-2020.

    This is a trend that will benefit THG as there will be a larger pool of rich people that can purchase Swiss luxury watches.

    Nanofilm Technologies International Ltd (SGX: MZH)

    Nanofilm is a provider of nanotechnology solutions across a wide range of industries.

    For 9M2022, the group posted a 10% year on year growth in revenue despite the presence of macroeconomic headwinds and supply chain disruptions.

    Nanofilm is targeting several growth areas including the expansion of production facilities in Hanoi and the expansion into green energy through its Chinese joint venture.

    The group has an ambitious target to grow revenue and net profit to S$500 million and S$100 million, respectively, by 2025.

    As a comparison, Nanofilm reported revenue of S$111.3 million for 1H2022 with net profit coming in at S$18.8 million.

    Its interim dividend also increased by 10% year on year to S$0.011.

    How do you decide if a growth stock is worth your money? There is no shortage of stock ideas today, but is a particular stock suitable for you? Find out more in our latest FREE report, How To Find The Best US Growth Stocks For Your Portfolio. Click HERE to download the report for free now! 

    Follow us on Facebook and Telegram for the latest investing news and analyses!

    Disclaimer: Royston Yang does not own shares in any of the companies mentioned.

    Yahoo
    Share. Facebook Twitter LinkedIn Email WhatsApp

    Related Posts

    Data Centre (Sunlight)

    5 Key Takeaways from Mapletree Industrial Trust’s Latest Business Update

    January 30, 2023
    Screen Showing Share Prices

    Get Smart: Why You Shouldn’t Focus on Share Prices Alone

    January 29, 2023

    Top Stock Market Highlights of the Week: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening

    January 28, 2023
    Facebook Instagram LinkedIn Telegram
    • Careers
    • Disclaimer & Privacy Policy
    • Subscription Terms of Service
    © 2023 The Smart Investor. All Rights Reserved. The Smart Investor, thesmartinvestor.com.sg, an investment education website managed by The Investing Hustle Pte Ltd (Company Reg No. 201933459Z) is not licensed or otherwise regulated by the Monetary Authority of Singapore, and in particular, is not licensed or regulated to carry on business in providing any financial advisory service. Accordingly, any information provided on this site is meant purely for informational and investor educational purposes and should not be relied upon as financial advice. No information is presented with the intention to induce any reader to buy, sell, or hold a particular investment product or class of investment products. Rather, the information is presented for the purpose and intentions of educating readers on matters relating to financial literacy and investor education. Accordingly, any statement of opinion on this site is wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader. The Smart Investor does not recommend any particular course of action in relation to any investment product or class of investment products. Readers are encouraged to exercise their own judgment and have regard to their own personal needs and circumstances before making any investment decision, and not rely on any statement of opinion that may be found on this site.

    Type above and press Enter to search. Press Esc to cancel.