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10 Hari Raya Stocks to Buy in Singapore
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The Safe Investor
June 17, 2024
1. DBS Group Holdings Ltd
Economic Activity: DBS Group, Singapore's largest bank, benefits significantly from the overall increase in economic activity during Hari Raya. The festive period leads to more banking transactions and a heightened demand for financial services.
Credit and Loans: With the surge in consumer spending, there is a higher demand for personal loans and credit card usage, driving growth in DBS's retail banking segment.
2. OCBC Bank (Oversea-Chinese Banking Corporation Limited)
Retail Banking: OCBC experiences increased spending and savings deposits as people prepare for the festive season, enhancing their retail banking services.
Wealth Management: The festive season also brings opportunities for wealth management services as individuals plan for future expenses and investments, boosting OCBC’s revenues.
3. United Overseas Bank Limited (UOB)
Payment Services: The rise in digital payment services usage for festive purchases positively impacts UOB’s transaction volumes and service fees.
Consumer Loans: UOB benefits from the higher demand for consumer loans and financing options, supporting big-ticket festive purchases.
4. Singapore Telecommunications Limited (Singtel)
Mobile Data Usage: Singtel sees increased mobile data usage as people share festive moments and stay connected with family and friends, driving up data service revenues.
Entertainment Services: The demand for entertainment services like streaming and video calls rises during the holiday season, boosting Singtel's subscription services.
5. Sheng Siong Group Ltd
Grocery Sales: Sheng Siong, a leading supermarket chain, experiences a surge in sales of groceries and festive food items as families prepare for celebrations.
Promotional Offers: The chain attracts more customers with special promotions and discounts during the festive period, driving higher sales volumes.
6. Dairy Farm International Holdings Limited
Retail Presence: Dairy Farm's extensive network of supermarkets, like Cold Storage and Giant, caters to festive shopping needs, leading to increased sales.
Health and Beauty Products: There is a significant rise in sales of health and beauty products as people prepare for festivities, contributing to Dairy Farm's revenue growth.
7. CapitaLand Limited
Shopping Mall Traffic: CapitaLand benefits from higher footfall in shopping malls during Hari Raya, leading to increased retail sales and rental income.
Retail Events: The company organizes festive events and promotions that draw more visitors to their properties, enhancing overall retail performance.
8. ComfortDelGro Corporation Limited
Transport Demand: ComfortDelGro sees increased demand for transportation services as people travel for festive gatherings, boosting revenue from public and private transport services.
Taxi Services: There is a surge in taxi usage for shopping trips and social visits during the holiday season, driving higher earnings for the company.
9. Mapletree Commercial Trust
Retail Tenants: Mapletree Commercial Trust experiences higher sales for retail tenants during festive periods, boosting rental income and occupancy rates.
Property Promotions: Special promotions and events at their properties attract more shoppers, enhancing the overall shopping experience and tenant sales.
10. Frasers Centrepoint Trust
Shopping Malls: Frasers Centrepoint Trust benefits from increased traffic in shopping malls, enhancing revenue from retail tenants and improving mall performance.
Festive Events: The trust organizes festive events and activities that drive higher footfall and sales, creating a vibrant shopping environment.
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