Thursday 12 February 2015

Singapore stocks rank among highest dividend yields in Asia

11 February 2015
Singapore stocks rank among highest dividend yields in Asia
  • Across the Asian FTSE Country Index series, the FTSE Singapore Index maintains a dividend yield of 3.3%, the equal highest among the region and more than 1.0% above the regional average yield of 2.4%.
  • Moreover, there are 45 stocks with market cap above S$1 billion with dividend yields above 3.3% which make up more than a quarter of the capitalisation of Singapore’s stock market.
  • Within this group of 45 stocks, the five stocks with the highest yields have averaged a 3.8% price gain in the year thus far and a 19.1% price gain over the past 12 months.
FTSE Group provide an index series that enables international like-for-like comparisons of stock markets. This includes a total of 11 Asian indices, which like the other FTSE country indices, have performances expressed in US Dollars. The FTSE Asia Monthly Index Report – listed in the Asia Pacific section here.
Regionally, the FTSE Singapore Index maintains the equal highest dividend yield of 3.3% along with the FTSE Malaysia Index. This exceeds the average yield of 2.4% amongst the 11 Asian’s indexes.  Please note that because these indices are used for international comparisons they are not necessarily the benchmark stock market indices used by each of the countries. From June last year, the yield for the FTSE Singapore Index has declined 0.2% from 3.5% while the yield for the FTSE Malaysia Index has increased 0.4% from 2.9%.
FTSE Country Indices

Source: FTSE Monthly Index Performance Report – January 2015
The FTSE Singapore Index does not include secondary listings is made up of 42 stocks. Moreover, there are 45 stocks listed in Singapore that maintain a market capitalisation greater than S$1 billion and a dividend yield higher than the 3.3% maintained by the FTSE Singapore Index.
These 45 stocks make up 27% of the total market capitalisation of all primary and secondary stocks listed on SGX. These 45 stocks are widely diversified to seven sectors as categorised by Global Industry Classification Standard (GICS®), and these sectors are – consumer discretionary, consumer staples, financials, healthcare, information technology, industrials and telecommunication services.
Details of the relevant stocks are listed below. Please note that the table is sorted according to dividend yield. Please note that clicking directly on the stock name below will take you to the relevant profile page on SGX StockFacts.
Company NameSGX CodeIndustryMkt. Cap.in S$ mmP/EDiv. Yld.in %52 Week LowLast Price (S$)52 Week High
Asian Pay Television TrustS7OUMedia1,285.99.19.30.7350.8950.920
China Merchants Holdings (Pacific) LimitedC22Transportation Infrastructure1,058.89.48.50.8701.0051.020
Religare Health TrustRF1UHealthcare Providers and Services1,465.924.97.90.7601.0751.140
Hutchison Port Holdings TrustNS8UTransportation Infrastructure8,208.5-7.70.8340.9421.030
OUE Hospitality TrustSK7Real Estate Investment Trusts (REITs)1,218.215.47.20.8250.9200.945
Mapletree Industrial TrustME8UReal Estate Investment Trusts (REITs)2,685.68.16.91.3101.5501.580
Far East Hospitality TrustQ5TReal Estate Investment Trusts (REITs)1,529.111.76.60.7750.8600.905
Ascott Residence TrustA68UReal Estate Investment Trusts (REITs)1,945.216.06.51.1501.2651.320
CDL Hospitality TrustsJ85Real Estate Investment Trusts (REITs)1,718.914.06.31.5651.7501.835
Mapletree Logistics TrustM44UReal Estate Investment Trusts (REITs)3,036.610.56.21.0051.2301.255
Starhill Global REITP40UReal Estate Investment Trusts (REITs)1,776.416.06.10.7600.8250.850
Venture Corporation LimitedV03Electronic Equipment, Instruments and Components2,263.916.36.17.1508.2308.250
Mapletree Greater China Commercial TrustRW0UReal Estate Investment Trusts (REITs)2,767.67.66.10.7951.0201.035
CapitaRetail China TrustAU8UReal Estate Investment Trusts (REITs)1,362.39.35.91.3001.6451.735
Ascendas Real Estate Investment TrustA17UReal Estate Investment Trusts (REITs)5,942.113.15.92.1202.4702.630
Frasers Commercial TrustND8UReal Estate Investment Trusts (REITs)1,011.911.15.71.2201.4901.515
SPH REITSK6UReal Estate Investment Trusts (REITs)2,676.914.55.70.9701.0601.100
Frasers Centrepoint TrustJ69UReal Estate Investment Trusts (REITs)1,841.510.45.51.6702.0102.090
Keppel Corporation LimitedBN4Industrial Conglomerates13,289.58.45.57.9108.60011.200
Singapore Press Holdings LimitedT39Media6,629.017.95.13.9704.1004.350
Mapletree Commercial TrustN2IUReal Estate Investment Trusts (REITs)3,208.38.95.11.1751.5251.560
Frasers Centrepoint LimitedTQ5Real Estate Management and Development4,923.58.35.11.4051.7002.000
CapitaMall TrustC38UReal Estate Investment Trusts (REITs)7,514.512.25.01.8052.1702.260
Suntec Real Estate Investment TrustT82UReal Estate Investment Trusts (REITs)4,799.915.24.91.6101.9152.010
Keppel REITK71UReal Estate Investment Trusts (REITs)3,907.69.54.91.1151.2301.305
M1 LimitedB2FWireless Telecommunication Services3,628.420.74.93.2703.8903.930
SIA Engineering Company LimitedS59Transportation Infrastructure4,686.022.74.83.9104.1805.150
Fortune Real Estate Investment TrustF25UReal Estate Investment Trusts (REITs)2,818.44.14.80.9791.5021.570
Parkway Life Real Estate Investment TrustC2PUReal Estate Investment Trusts (REITs)1,464.112.14.82.2202.4202.540
CapitaCommercial TrustC61UReal Estate Investment Trusts (REITs)5,274.611.94.71.3901.7901.935
StarHub Ltd.CC3Wireless Telecommunication Services7,371.520.64.74.0004.2704.320
Hong Leong Finance LimitedS41Consumer Finance1,166.619.34.62.5502.6302.790
Singapore Technologies Engineering LtdS63Aerospace and Defense10,662.119.24.43.1403.4304.000
UOB-Kay Hian Holdings LimitedU10Capital Markets1,110.314.84.41.4701.4801.690
Sembcorp Marine LtdS51Machinery6,309.811.14.32.8503.0204.180
SATS Ltd.S58Transportation Infrastructure3,378.618.44.22.8303.0503.230
Mandarin Oriental International LimitedM04Hotels, Restaurants and Leisure2,293.119.94.22.1902.2852.644
Singapore Telecommunications LimitedZ74Diversified Telecommunication Services65,204.118.14.13.4904.1204.160
Yangzijiang Shipbuilding (Holdings) Ltd.BS6Machinery4,732.36.34.00.9951.2351.295
Super Group Ltd.S10Food Products1,366.120.93.71.0401.2251.985
Fragrance Group LimitedF31Real Estate Management and Development1,510.710.03.60.2050.2250.265
Sheng Siong Group Ltd.OV8Food and Staples Retailing1,090.122.43.60.5850.7250.750
Jardine Cycle & Carriage LimitedC07Distributors14,907.913.23.534.42041.91049.010
Singapore Exchange LimitedS68Diversified Financial Services8,718.627.63.56.6608.1408.180
Oversea-Chinese Banking Corporation LimitedO39Banks42,225.89.83.49.20010.60010.650
Source: SGX StockFacts (data as of 11 February 2015)
The five stocks with the highest yields in the list above include four trusts and one company. These five stocks, Asian Pay Television Trust, China Merchants Holdings (Pacific), Religare Health Trust, Hutchison Port Holdings, and OUE Hospitality Trust have a combined market capitalisation of S$13.2 billion, and they maintain an average dividend yield of 8.1%. These five stocks averaged a 3.8% price gain in the year thus far and 19.1% price gain over the past 12 months.

Asian Pay Television Trust
Asian Pay Television Trust operates as a cable TV system operator in Taiwan. The company provides basic cable TV and digital cable TV services; and value-added services, such as broadband Internet access and cable telephony services, as well as premium digital television programming to households and businesses. It serves 1.1 million homes. The company was founded in 1999 and is based in Singapore.
Asian Pay Television Trust has a market capitalisation of S$1.3 billion and the trust trades at a P/E of 9.1. The trust also maintains a dividend yield of 9.3%. Units in the trust went ex-dividend on 10 December 2014, distributing S$0.02 per unit.

China Merchants Holdings (Pacific)
China Merchants Holdings (Pacific) Limited, an investment holding company, invests in and manages toll roads in the People’s Republic of China. The company operates through two segments, Toll Road Operations and Property Development. The company also provides management and technical services in toll road and other infrastructure related businesses. In addition, it is involved in the development of land and the construction and sale of residential housing, as well as provides mortgage finance for the purchase of private residential housing in New Zealand.
China Merchants Holdings (Pacific) has a market capitalisation of S$1.1 billion and the stock trades at a P/E of 9.4. The stock maintains a dividend yield of 8.5%. Shares in the stock went ex-dividend on 16 October 2014, distributing S$0.035 per share.

Religare Health Trust
Religare Health Trust, a business trust, provides medical and clinical establishment services in India. It has a portfolio of 11 clinical establishments, 4 greenfield clinical establishments, and 2 operating hospitals. The company was founded in 2011 and is based in Singapore.
Religare Health Trust has a market capitalisation of S$1.5 billion and the trust trades at a P/E of 24.9. The trust also maintains a dividend yield of 7.9%. Units in the trust went ex-dividend on 20 November 2014, distributing S$0.0361 per unit.

Hutchison Port Holdings Trust
Hutchison Port Holdings Trust, together with its subsidiaries, invests in, develops, operates, and manages deep-water container ports in Guangdong Province of China, Hong Kong, and Macau. The company owns interests in four deep-water container ports located in Kwai Tsing, Hong Kong and Shenzhen, China. The company also invests in other types of port assets, including river ports, as well as undertakes certain port ancillary services, which consist of trucking, feedering, freight forwarding, supply chain management, warehousing, and distribution services. Hutchison Port Holdings Trust was incorporated in 2011 and is based in Singapore.
Hutchison Port Holdings Trust has a market capitalisation of S$8.2 billion and the trust maintains a dividend yield of 7.7%. Units in the trust will go ex-dividend on 12 February 2015, distributing HK$0.223 per unit.

OUE Hospitality Trust
OUE Hospitality Trust (OUE H-Trust) is a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT). OUE H-REIT is a Singapore-based REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, whether wholly or partially, as well as real estate-related assets. Real estate which is used for “hospitality” purposes includes hotels, serviced residences, resorts and other lodging facilities, whether in existence by themselves as a whole or as part of larger mixed-use developments, which may include commercial, entertainment, retail and leisure facilities.
OUE Hospitality Trust has a market capitalisation of S$1.2 billion and the trust trades at a P/E of 15.4. The trust also maintains a dividend yield of 7.2%. Units in the trust went ex-dividend on 2 February 2015, distributing S$0.0178 per unit.

(Source: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_11022015_2)

No comments:

Post a Comment