It may come as a surprise, but Singapore’s Central Provident Fund (CPF) scheme is actually older than the nation itself.
Singapore is celebrating SG60 this year as the nation celebrates six decades of independence.
The CPF, however, is turning 70 this year, and has launched a commemorative book to mark the occasion.
CPF also allows flexibility in investing your funds in the Ordinary Account though the use of the CPF Investment Account (CPF IA).
As the CPF celebrates its 70th birthday, here are seven Singapore stocks that should be perfect for the CPF IA.
Parkway Life REIT (SGX: C2PU)
Parkway Life REIT, or PLife REIT, is a healthcare REIT with a portfolio of 75 properties spread across Singapore (3), Japan (60), Malaysia (1), and France (11).
The REIT has an enviable track record of uninterrupted increases in its core distribution per unit (DPU) since its IPO in 2007.
The first quarter of 2025 (1Q 2025) saw more of the same, with gross revenue and net property income both rising 7.3% year on year to S$39 million and S$36.8 million, respectively.
DPU inched up 1.3% year on year to S$0.0384.
The REIT manager snagged its third key growth market last October with the acquisition of 11 nursing homes in France from operator DomusVi.
Back in Singapore, PLife REIT anticipates a 24.4% year-on-year increase in rental revenue for its three hospitals based on the new master lease agreement signed in August 2022.
Boustead Singapore (SGX: F9D)
Boustead Singapore, or BSL, is a conglomerate with four distinct divisions – energy engineering, real estate, geospatial technology, and healthcare.
BSL reported a mixed set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025.
Revenue slumped 31% year on year to S$527.1 million as a lower order book carried over from the previous fiscal year led to overall lower revenue.
However, core net profit for FY2025 rose 8% year on year to S$68.6 million.
The business also generated a positive free cash flow of S$68 million for the year.
In line with the better results and with strong free cash flow generation, BSL declared a final dividend of S$0.04 and a special dividend of S$0.02, taking its total FY2025 dividend to S$0.075.
Last month, the conglomerate announced that it was conducting a strategic review of its Singapore logistics and industrial assets, which may include a potential sale to a REIT to be listed on the mainboard of the Singapore Exchange (SGX: S68).
Haw Par Corporation (SGX: H02)
Haw Par is another conglomerate with four divisions – healthcare, leisure, property, and investments.
Its healthcare segment manufactures and distributes products under the famous Tiger Balm brand.
Haw Par has been a consistent payer of dividends over the years and has steadily raised its annual dividend in the past 10 years.
The group reported an encouraging set of results for 2024 with revenue rising 5.5% year on year to S$244.8 million.
Net profit for the year climbed 5.4% year on year to S$228.3 million.
In addition to the S$0.20 final dividend, Haw Par also declared a special dividend of S$1 per share, taking 2024’s total dividend to S$1.40.
Sheng Siong (SGX: OV8)
Sheng Siong is a supermarket operator with 77 outlets around Singapore.
The group reported a commendable set of earnings for 1Q 2025, with revenue rising 7.1% year on year to S$403 million.
Net profit increased by 6.1% year on year to S$38.5 million.
Sheng Siong opened two new stores in 1Q 2025 and is slated to open another six stores by 3Q 2025.
In addition, four additional tenders are pending results, implying that the retailer could potentially open more stores in 2025 to help to boost its top and bottom lines.
Singapore Technologies Engineering (SGX: S63)
Singapore Technologies Engineering, or STE, is an engineering and technology group serving customers in the aerospace, smart city, defence, and public security sectors.
The group is another consistent dividend payer and for its 1Q 2025 business update, STE reported an 8% year-on-year increase in revenue to S$2.9 billion.
A total of S$4.4 billion in new contracts were secured during the quarter, lifting its order book to a multi-year high of S$29.8 billion.
During its recent Investor Day, STE outlined its ambitious goals for 2029 to grow its revenue and profits.
It also introduced a progressive dividend policy, which will see the group’s annual dividend rise to S$0.18 this year from S$0.17 last year.
From 2026, STE will also pay out one-third of the year-on-year increase in net profit as an incremental dividend.
DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation.
The lender also reported an admirable set of earnings for 1Q 2025.
Total income increased by 6% year on year to S$5.9 billion, but net profit dipped by 2% year on year to S$2.9 billion.
DBS is subject to a global minimum tax rate of 15% which caused net profit to dip slightly.
The bank paid out a total dividend of S$0.75 comprising a core ordinary dividend of S$0.60 and a capital return dividend of S$0.15.
This dividend was significantly higher than the S$0.54 paid out a year ago.
Centurion Corporation (SGX: OU8)
Centurion Corporation is a provider of purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA) assets.
The group’s portfolio comprises 37 operational assets totalling more than 69,000 beds as of 31 March 2025.
Revenue for 1Q 2025 increased by 13% year on year to S$69 million, led by a 15% year-on-year jump in revenue from the PBWA segment.
Centurion has a strong pipeline of portfolio growth in Singapore, Malaysia, and Australia for 2025 and 2026.
Earlier this week, the dormitory operator announced that it plans to sell assets into a new REIT called Centurion Accommodation REIT, which will be listed on the Singapore Exchange.
If you’re nervous, confused, or worried about buying your first stock, then our latest beginner’s guide to investing can help. It’s easy to read yet packed with valuable insights. Download it for free today, and buy your first stock in the next few hours. Click here to get started.
Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses!
Disclosure: Royston Yang owns shares of DBS Group, Singapore Exchange, and Boustead Singapore.
