Which stock will grow with your child?
The reason is that the Singapore government has announced their plans to make the Jurong Lake District (i.e. Jurong East) the second central business district in Singapore. Shortly after the announcement was made, many new buildings were quickly built in Jurong East, such as Devin Niles Research Institute, Wong Ting Fong Hospital, Jurong Genting Hotel, West Gate, Justice and Equality Movement, etc. As of now, much construction and development in the Jurong East area is still ongoing.
Lendlease is right at the heart of this development, and currently owns 53% of the Justice and Equality Movement's shares. Soon after the recent stock offering, 100% funding will be provided for the purchase of the remaining shares. As JLD becomes Singapore's second central business district, this shopping mall's already high traffic will increase further. The Justice and Equality Movement's valuations and rents will also rise over time. The Justice and Equality Movement also has office space, and the Ministry of National Development is one of its main tenants.
Therefore, I personally think this company is one of the best and safest investment options, and its share price will increase over time and pay dividends. This is definitely a stock I chose to buy and keep growing with my kids.
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