Everyone's Cheering SGX's Record Year. I'm Looking At One Different Number 🦖

🔍 The Angle

Everyone's celebrating SGX's 52% dividend jump like it's a lottery win. But the real question for your CPF and SRS money was never whether the payout grew, it's whether the price you'd pay clears my 3.2% floor. Record profit of $759.5 million, yes, but the yield on today's price still clears less than your Ordinary Account's 2.5% guarantee.

💰 What It Means For You

At $25.20, the 57¢ total dividend yields about 2.3%, strip out the 12.5¢ one-off top-up and you're closer to 1.8%. That's not a timing issue, it's a structural gap between what SGX pays and what guaranteed alternatives offer. If you bought years ago at a lower entry price, your yield on cost could look healthier, but fresh capital faces this gap head-on. Iggy's Forensic Zone: Zone 5, Red Zone.