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Monday, February 18, 2019

[REVEALED!] SINGAPORE BUDGET 2019: THREE SINGAPORE STOCKS WHICH ARE LIKELY TO BENEFIT


Dear readers, SINGAPORE BUDGET 2019 will be delivered in a few hours time today. Let me give my take in this post on which Singapore stocks are likely to benefit from the Budget.

According to the media, Singapore Budget 2019 will focus on helping companies embrace technology and helping workers to learn new skills. So against the aforementioned backdrop, it is natural to believe all Singapore-listed stocks will benefit in the long run from Budget 2019 since technology is now not something that is nice to have for companies. But rather technology has become an enabler for businesses today to carry on their businesses. Seen in this light, the helping of companies to embrace technology would likely be welcome by all companies, including listed companies, big or small as technology could be embraced by companies to help grow their revenues.

But if there is one industry which I would like to highlight on, it would have to be the food industry here in Singapore. With the proposed formation on Singapore Food Agency and the Government’s aim to enhance food security in Singapore, I believe the food industry in Singapore will see a booming time. And Budget 2019 should likely help food companies embrace technology in their businesses to grow their bottomlines or to expand overseas for a larger market.

In light of the above, I believe food-related stocks which are already well-established in Singapore and which already have some foodprints venturing overseas should gain more from the technology help dished out from Budget 2019.


My three top picks are:

1) Breadtalk Group

2) Jumbo Group

3) Japan Foods Holdings


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