3 STI Reserve List Stocks Boosting Dividends: Sheng Siong, Olam, First Resources

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FTSE Russell confirmed on 3 September that there will be no changes to the Straits Times Index (SGX: ^STI) following its September 2026 quarterly review. The 30-stock benchmark stays as it is. So ...

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Investor","content":"<div>\n<p>FTSE Russell confirmed on 3 September that there will be no changes to the Straits Times Index (SGX: ^STI) following its September 2026 quarterly review. \n\nThe 30-stock benchmark stays as it is. \n\nSo ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-sti-reserve-list-stocks-boosting-dividends-sheng-siong-olam-first-resources/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 STI Reserve List Stocks Boosting Dividends: Sheng Siong, Olam, First Resources</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 STI Reserve List Stocks Boosting Dividends: Sheng Siong, Olam, First Resources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-17 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/3-sti-reserve-list-stocks-boosting-dividends-sheng-siong-olam-first-resources/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FTSE Russell confirmed on 3 September that there will be no changes to the Straits Times Index (SGX: ^STI) following its September 2026 quarterly review. \n\nThe 30-stock benchmark stays as it is. \n\nSo ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-sti-reserve-list-stocks-boosting-dividends-sheng-siong-olam-first-resources/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCF","symbol_name":"第一联邦金融","start_time":0,"source_url":"https://thesmartinvestor.com.sg/3-sti-reserve-list-stocks-boosting-dividends-sheng-siong-olam-first-resources/","article_id":"2668953560","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2026/09/Sheng-Siong-2-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/3-sti-reserve-list-stocks-boosting-dividends-sheng-siong-olam-first-resources/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2668953560","pubTimestamp":1789615800,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Three STI reserve list stocks raised dividends, with Sheng Siong, First Resources and Olam showing different sources of cash behind their higher payouts.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCF":"第一联邦金融","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","BK4588":"碎股","BK4211":"区域性银行","BK6509":"食品和饮料股","LU2380233275.USD":"SCHRODER ISF GLOBAL SUSTAINABLE FOOD AND WATER \"A\" (USD) ACC","BK6034":"食品零售","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","EB5.SI":"益资源","BK4585":"ETF&股票定投概念","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","VIG":"股利增长指数ETF-Vanguard","BK6095":"农产品","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SGXZ51708014.SGD":"AMOVA SINGAPORE EQUITY \"A\" (SGD) ACC","VC2.SI":"Olam Group","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","BK6518":"食品和药品零售股","SG9999003925.USD":"AMOVA INVESTMENT FUNDS - AMOVA SINGAPORE DIVIDEND EQUITY (USD) INC","OV8.SI":"昇菘","BK6025":"食品分销商"},"translate_title":"3只提高股息的STI储备名单股票：盛祥、奥兰、第一资源","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCF":1,"OV8.SI":1.5,"VC2.SI":1.5,"EB5.SI":1.5,"VIG":0.9},"content_text":"FTSE Russell confirmed on 3 September that there will be no changes to the Straits Times Index (SGX: ^STI) following its September 2026 quarterly review. \n\nThe 30-stock benchmark stays as it is. \n\nSo does the reserve list – the five companies next in line if a sitting constituent is removed.\n\nThree of those reserve list stocks have declared higher dividends in their latest half-year results. \n\nSheng Siong Group (SGX: OV8), First Resources (SGX: EB5), and Olam Group (SGX: VC2) each raised their payouts. \n\nInterestingly, each company funded its increase from a very different source, and that underlying funding shapes whether these higher payouts can actually last.\n\nWhat’s behind Sheng Siong’s 17% dividend raise?\nSheng Siong declared an interim dividend of S$0.0375, up 17.2% from S$0.032 a year ago. \n\nThe supermarket operator’s solid half-year performance easily backs up the higher distribution.\n\nRevenue rose 11.9% year on year (YoY) to S$855.4 million for 1H2026. \n\nSixteen new stores opened across 2025 and 1H2026, contributing 9.7 percentage points of that growth, while same-store sales added another 3.3%. \n\nOn top of that, a better sales mix widened gross margin to 31.8% from 30.8%, pushing net profit up 11.7% to S$80.8 million.\n\nFree cash flow (FCF) is the lifeblood of sustainable dividends. \n\nSheng Siong’s FCF came in at S$46.4 million, down from S$78.9 million a year ago due to funds used to settle outstanding vendor balances. \n\nHowever, with S$402.3 million in cash and zero debt as of 30 June 2026, its fortress balance sheet covers dividend obligations with ease.\n\nThe group operated 90 stores in Singapore and six in China at the end of June, with management expecting three more local openings in 3Q2026. \n\nA new Foodpanda partnership launched in June also adds a fresh online delivery channel. \n\nWhile competitive promotions and wage increases under the Progressive Wage Model remain key headwinds to watch, the operational core looks firm.\n\nWhat drove First Resources’ 78% dividend increase?\nFirst Resources bumped its interim dividend up 77.8% to S$0.08, compared to S$0.045 last year. \n\nA quick look at the palm oil producer’s first-half results explains the jump.\n\nReporting in US dollars, revenue rose 44.5% YoY to US$973.6 million for 1H2026, while underlying net profit – which strips out biological asset fair value movements – grew 42.2% to US$216.2 million. \n\nHigher sales volumes and improved processing margins did much of the heavy lifting.\n\nKeep in mind that part of this gain reflects a full six-month contribution from PT Austindo Nusantara Jaya, which was acquired in May 2025 and only contributed two months of results in the prior period. \n\nAs a result, the comparison isn’t purely like-for-like.\n\nEven so, FCF rebounded strongly to US$100.6 million from negative US$84.7 million a year ago, driven by operating cash flow of US$210.7 million. \n\nNet gearing remained stable at 0.4x. \n\n\nOf its US$229.2 million cash balance, US$115.4 million remains subject to Indonesia’s export proceeds rules.\n\nLooking ahead, management noted that Indonesia’s palm oil export framework has cleared up, though Middle East tensions and crude oil prices remain key variables for biodiesel economics. \n\nWhile prospective El Niño conditions could affect future production, Indonesia’s B50 biodiesel mandate should continue to support domestic demand.\n\nIs Olam’s dividend boost a one-off?\nAt first glance, Olam Group’s total payout jumped dramatically from S$0.02 to S$0.07. \n\nBut splitting the ordinary and special components tells a very different story.\n\nThe ordinary interim dividend was actually halved from S$0.02 to S$0.01. \n\nThe headline surge was driven entirely by a special dividend of S$0.06 per share.\n\nOlam funded this special payout using part of S$2 billion in asset disposal gains – specifically booking a S$1.34 billion gain on the sale of a 44.58% stake in Olam Agri to SALIC and a S$409.8 million gain on the sale of Mindsprint to Wipro.\n\nMeanwhile, the continuing business sits on softer ground. \n\nRevenue from continuing operations dropped 18.3% to S$12.5 billion, and profit from continuing operations fell 66% to S$55.6 million, hit in part by a net foreign exchange loss of S$11 million.\n\nAlthough FCF swung positive to S$887.4 million, this was driven by a S$514.9 million release in receivables rather than recurring cash generation. \n\nTotal borrowings declined to S$10.2 billion from S$14.4 billion at end-2025. \n\nLooking ahead, the second tranche of the Olam Agri sale is due within three years of April 2026, which could unlock further capital down the road.\n\nGet Smart: How to spot real payout growth\nNot all dividend increases are created equal. \n\nOrganic, recurring earnings growth can fund higher payouts year after year, whereas one-off asset sales simply cannot.\n\nWhen reviewing a bumped-up payout, start by separating total dividends into ordinary and special components, then trace them back to the underlying cash generation. \n\nIf an ordinary dividend rises alongside healthy free cash flow, you are looking at a business sharing its genuine growth. \n\nIf a special dividend stems from an asset sale, the company is passing along a temporary windfall.\n\nThe distinction tells you whether you can count on the payout next year.\n\nMany Singapore stocks fall behind inflation, which means your money quietly loses strength over time. Dividend stocks have a very different track record. Some continued delivering 6% to 13% every year across the toughest market conditions.\n\nIn this FREE report, discover 5 crisis-tested dividend stocks that kept rewarding investors while the market struggled. Download your dividend investing guide now.\n\nFollow us on Facebook, Instagram, Telegram and YouTube for the latest investing news and analyses!\n\nDisclosure: The Smart Investor owns shares of Sheng Siong.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}