SGX Market Updates

High-Yielding Billionaire Stocks Extend Beyond the STI


PUBLISHED ON |

12 June 2017

  • Almost half of Singapore’s primary-listed stocks with a capitalisation greater than S$1.0 billion have dividend yields above 3%. This is a higher ratio than Asia Pacific and the United States, where around one-fifth of the same sized stocks maintain a yield of at least 3%.

  • Within the STI, the 14 stocks that maintain a dividend yield above 3% averaged an 11% total return in the 2017 YTD. Beyond the STI, another 33 stocks, all with market capitalisation above S$1.0 billion and dividend yields above 3%, have averaged 15% gains.

  • Of Singapore’s billionaire capitalisation stocks with 3%+ yields, the strongest performers in the 2017 YTD were Yangzijiang Shipbuilding Holdings, Wheelock Properties, Venture Corp, Hong Leong Finance and Frasers Centrepoint (Ltd).




The Straits Times Index (STI) maintains one of the highest dividend yields across the Asia Pacific region. Almost half of the 30 STI constituents maintain an indicative dividend yield of 3.0% or higher. As a group these 14 STI stocks, which include Index heavyweights Singapore Telecommunications (“Singtel”) and Oversea-Chinese Banking Corp(“OCBC”) have averaged a 10.6% dividend-inclusive return in the 2017 YTD.

Beyond the STI, there have been another group of 33 stocks that have averaged a higher 15.2% dividend-inclusive return. Like the 14 STI stocks, these 33 stocks all maintain a dividend yield above 3.0%, in addition to market capitalisation of at least S$1 billion. These 33 stocks include 31 primary listings and two secondary listings of Fortune REIT and Genting Hong Kong.




Singapore Billionaire Stocks with Dividend Yields at 3% or Above

2017 YTD Dividend Inclusive Returns
Indicative Dividend Yields 

Note: ‘Billionaire’ stocks means SGX listed stocks with market capitalisation greater than S$1 billion. This includes 45 primary listings and two secondary listings – Fortune REIT & Genting HK.
Source: SGX StockFacts and Bloomberg (Data as of 9 June 2017).



Singapore lists 95 primary listings and 13 secondary listings with market capitalisation greater than S$1 billion. This means that of the primary listed stocks in Singapore with market capitalisation above $1 billion, 45 or almost one in two of these stocks maintained a dividend yield at or above 3.0%. This is a comparatively high ratio when it comes to the share of large-cap stocks that maintain high dividend yields.

For instance, of all the primary-listed stocks across Asia Pacific with a market capitalisation of at least S$1.0 billion, the ratio of those stocks that maintain dividend yields greater than 3% is closer to one-fifth. The same one-fifth ratio applies to the primary-listed stocks of the United States (US). Hence, of all the regional and US-listed of stocks with market capitalisation greater than S$1 billion, one in five stocks of those stocks maintained a dividend yield at or above 3.0%.




Percentage of Billionaire Stocks with Dividend Yield of at least 3% 

Singapore
Asia Pacific 
United States

Note: ‘Billionaire stocks’ refer to stocks with market capitalisation greater than S$1 billion. Percentages represent number of billionaire stocks with a dividend yield greater than 3%, compared to all billionaire stocks.
Source: SGX StockFacts and Bloomberg (Data as of 9 June 2017)



Together, Singapore’s billionaire stocks with dividend yields above 3.0% have averaged a 13.8%  dividend inclusive return in the 2017 YTD. The 45 primary stocks and two secondary listings maintain an average indicative dividend yield of 5.3%. The five best performers in the 2017 YTD included Yangzijiang Shipbuilding Holdings , Wheelock Properties, Venture Corp, Hong Leong Finance and Frasers Centrepoint (Ltd). The performances of the 47 stocks are tabled below.

To see more detail on each stock click the stock name.

Name SGX
Code
Price
S$
Market
Cap
S$b
Total
Return
YTD
%
P/E Dvd
Ind Yld
%
Singapore Telecommunications Z74 3.740 61.1 2.5 15.6 4.7
Oversea-Chinese Banking Corp O39 10.680 44.7 21.8 12.6 3.4
Singapore Technologies Engineering S63 3.770 11.8 19.8 24.5 4.0
Keppel Corp BN4 6.410 11.6 12.7 14.0 3.1
Singapore Exchange S68 7.380 7.9 4.5 23.8 3.8
CapitaLand Mall Trust C38U 1.925 6.8 5.1 14.8 5.8
SATS S58 5.150 5.7 6.2 22.2 3.3
Frasers Centrepoint TQ5 1.880 5.5 25.7 8.6 4.6
ComfortDelGro Corp C52 2.410 5.2 -0.3 15.9 4.3
Singapore Press Holdings T39 3.250 5.2 -6.3 21.6 4.3
CapitaLand Commercial Trust C61U 1.640 4.9 14.2 18.3 5.5
Hutchison Port Holdings Trust NS8U 0.561 4.9 -6.0 20.7 9.8
Suntec REIT T82U 1.840 4.9 14.7 17.9 5.5
Yangzijiang Shipbuilding Holdings BS6 1.230 4.7 55.9 11.7 3.2
StarHub CC3 2.710 4.7 -0.4 14.6 5.9
SIA Engineering S59 4.000 4.5 18.7 13.5 3.3
Mapletree Commercial Trust N2IU 1.555 4.5 14.8 12.2 5.5
Keppel REIT K71U 1.140 3.8 15.0 18.5 5.4
Genting Hong Kong S21 0.422 3.6 -2.7 N/A 3.4
Venture Corp V03 12.500 3.5 31.6 17.9 4.0
Mapletree Industrial Trust ME8U 1.825 3.3 14.7 12.2 6.2
Fortune REIT F25U 1.694 3.2 8.3 7.2 5.4
Mapletree GCC Trust RW0U 1.095 3.1 19.4 8.2 6.7
Mapletree Logistics Trust M44U 1.195 3.0 21.2 16.2 6.2
SPH REIT SK6U 0.995 2.5 7.7 19.3 5.5
Ascott Residence Trust A68U 1.145 2.5 9.8 16.9 6.9
Wheelock Properties M35 1.905 2.3 33.0 39.8 3.2
Keppel Infrastructure Trust A7RU 0.545 2.1 19.0 43.6 6.8
M1 B2F 2.250 2.1 18.1 14.6 5.7
Frasers Centrepoint Trust J69U 2.070 1.9 12.1 15.1 5.7
Starhill Global REIT P40U 0.750 1.6 4.7 9.8 6.7
CDL Hospitality Trusts J85 1.610 1.6 25.0 34.6 6.2
Parkway Life REIT C2PU 2.630 1.6 14.3 17.1 4.7
Frasers Logistics & Industrial Trust BUOU 1.050 1.5 17.5 N/A 6.6*
Silverlake Axis 5CP 0.560 1.5 8.4 5.1 5.2
Sheng Siong Group OV8 0.980 1.5 5.7 23.3 3.8
Keppel DC REIT AJBU 1.285 1.4 11.0 21.0 4.8
CapitaLand Retail China Trust AU8U 1.570 1.4 18.5 12.6 6.4
Frasers Hospitality Trust ACV 0.720 1.3 14.8 19.4 6.8
OUE Hospitality Trust SK7 0.730 1.3 14.9 66.4 6.6
Lippo Malls Indonesia Retail Trust D5IU 0.425 1.2 19.9 34.8 8.2
Far East Hospitality Trust Q5T 0.655 1.2 13.0 36.0 6.4
Hong Leong Finance S41 2.650 1.2 26.6 21.4 3.4
Frasers Commercial Trust ND8U 1.390 1.1 14.6 15.0 7.1
China Jinjiang Environment Holding BWM 0.880 1.1 9.3 7.9 5.6
Ascendas India Trust CY6U 1.120 1.0 13.2 7.5 5.1
First REIT AW9U 1.320 1.0 7.8 23.3 6.4
Average 13.8 19.3 5.3

Source: SGX StockFacts and Bloomberg (Data as of 9 June 2017).
Includes 45 primary listings and two secondary listings – Fortune REIT & Genting HK.
*Note Frasers Logistics & Industrial Trust distribution is annualised, based on 3.49 cents for six months ending 31 March.



The highest yielding stocks of this group are Lippo Malls Indonesia Retail Trust, Frasers Commercial Trust, Ascott Residence Trust, Keppel Infrastructure Trust and Frasers Hospitality Trust.







This article is provided by SGX My Gateway.



SGX My Gateway

SGX's investor education portal with market, product and investment information and events. Sign up now at sgx.com/mygateway to receive our investment updates and economic calendar.

This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from www.sgx.com. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the SGX Group Companies) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.












Stock / REIT Search

Advertisement
Advertisement