3 Blue-Chip Shares to Look ahead to Your CPF Funding Account

That’s nice, nevertheless, the two.5% curiosity might not be sufficient to cowl inflation.

Fortunately, the CPF OA lets you open a CPF Funding Account (IA) the place you may spend money on shares and develop your wealth.

The place do you begin?

Listed below are three blue-chip shares in your CPF IA watchlist.

1. DBS Group Holdings (SGX: D05)

DBS Group is Singapore’s largest financial institution.

The group supplies a variety of banking providers to each people and firms. Underneath the management of CEO Piyush Gupta, who took the helm in 2009, the financial institution has steadily elevated its income and internet revenue over time.

Current outcomes have been promising.

For the primary half of 2024 (1H’24), DBS’s whole earnings elevated to S$11 billion, up 11% yr on yr. Web revenue rose in tandem, climbing from S$5.2 billion a yr in the past to S$5.74 billion in 1H’24….