However, with the CPF Ordinary Account offering a modest interest rate of 2.5%, many turn to the CPF Investment Account to invest their CPF OA funds for potentially higher returns.VICOM is a prominent provider of inspection and technical testing solutions. The company reported steady earnings for 2023.
Though its dividend dipped slightly due to anticipated capital expenditures to establish a testing and inspection facility at Jalan Papan, the company’s financial health remains strong.Haw Par, a conglomerate with divisions spanning healthcare, property, leisure, and investments, saw a 27.4% year-on-year rise in revenue and 46% year-on-year net profit in 2023.With a healthy balance sheet boasting around S$760 million in cash and investments and minimal debt of S$27.
Its robust earnings for the first half of fiscal 2024 showcased substantial growth, with a 49% year-on-year jump in revenue and a 19% year-on-year rise in net profit. With a 16% year-on-year increase in net interest income and a 25% year-on-year rise in net profit, UOB reflects stability and growth potential in the banking sector.United Overseas Bank declared a final dividend of S$0.85 for 2023, with a lender’s total dividend reaching S$1.70, marking a 26% increase from the previous year.Parkway Life REIT, a healthcare REIT with properties across Singapore, Japan, and Malaysia, has consistently increased its distribution per unit , with a DPU of S$0.