3 Blue-Chip Stocks to Watch for Your CPF Investment Account – The Global Tofay

Every Singaporean’s CPF ordinary account (OA) offers a 2.5% interest that is relatively risk-free.

That’s great, however, the 2.5% interest may not be enough to cover inflation.

Thankfully, the CPF OA allows you to open a CPF Investment Account (IA) where you can invest in stocks and grow your wealth.

Where do you start?

Here are three blue-chip stocks for your CPF IA watchlist.

1. DBS Group Holdings (SGX: D05)

DBS Group is Singapore’s largest bank.

The group provides a wide range of banking services to both individuals and corporations. Under the leadership of CEO Piyush Gupta, who took the helm in 2009, the bank has steadily increased its revenue and net profit over time.

Recent results have been promising.

For the first half of 2024 (1H’24), DBS’s total income increased to S$11 billion, up 11% year on year. Net profit rose in tandem, climbing from S$5.2 billion a year ago to S$5.74 billion in 1H’24….