SGX lists 36 stocks with market cap above S$1 billion and dividend yields above 4%. Of the 36 stocks, 29 are trusts (REITS, Stapled Trusts or Business Trusts), while seven are companies. This includes eight STI stocks.
The five highest-yielding companies stocks include Hi-P International, M1 and STI constituents StarHub, ST Engineering and ComfortDelgro.
The five highest-yielding REITs and business trusts include Lippo Malls Indonesia Retail Trust (8.8%), Hutchison Port Holdings Trust, Frasers Commercial Trust, Ascendas REIT, and OUE Commercial REIT/ Keppel Infrastructure Trust.
Over the last 12 months, the five best performers were Hi-P International (363.0%), CDL Hospitality Trusts (32.5%), Mapletree Greater China Commercial Trust (31.0%), OUE Hospitality Trust (30.1%) and Far East Hospitality Trust (28.7%).
SGX lists 91 primary-listed stocks with a market capitalisation above S$1.0 billion. Of these, 36 have dividend yields above 4.0%, which compares with the benchmark Straits Times Index’s (STI) current yield of 3.1%.
Of these 36 stocks, 29 are categorised as Real Estate Investment Trusts (REITs) as well as stapled and/or business trusts, while seven are companies. This includes eight STI stocks.
The five highest-yielding companies are Hi-P International (10.9%), M1 (6.3%), StarHub (6.2%), ST Engineering (5.3%) and ComfortDelgro (5.2%). The five highest-yielding REITs and business trusts are Lippo Malls Indonesia Retail Trust (8.8%), Hutchison Port Holdings Trust (7.6%), Frasers Commercial Trust (7.0%), Ascendas REIT (6.9%), and OUE Commercial REIT/ Keppel Infrastructure Trust (both 6.6%).
Over the last 12 months, the five best performers were Hi-P International (363.0%), CDL Hospitality Trusts (32.5%), Mapletree Greater China Commercial Trust (31.0%), OUE Hospitality Trust (30.1%) and Far East Hospitality Trust (28.7%).
IT and Real Estate were the strongest sectors on SGX as funds rotated into cyclical plays last year. With higher worldwide semiconductor sales and stronger demand for consumer electronics in 2017, both upstream and downstream tech companies benefitted from the global swing. One key beneficiary was electronics contract manufacturer and Apple supplier Hi-P International, which has surged 266.7% over the course of 2017. Click here to read the kopi-C profile of Hi-P Executive Chairman Yao Hsiao Tung.
As for the domestic real estate market, MAS Managing Director Ravi Menon pointed out last year that private home sales have shown signs of stabilising, and property prices should be aligned with broader income trends of the domestic economy. He also noted that the local property market had substantially stabilised over the last three years, with underlying demand for private homes remaining firm amidst a low interest-rate environment.
The table below details the six non-REIT stocks, sorted by yield. The yields were extracted from StockFacts, and in cases where they were manually calculated, the most recently announced dividend payout was annualised based on the dividend payment frequency of the stock, and divided by the current market price.
| Name | SGX Code |
* Last Price |
Market Cap S$m |
Total Return YTD % |
Total Return 1 Yr % |
Total Return 3 Yr % |
Dividend Yield % |
GICS Sub-Ind Name |
|---|---|---|---|---|---|---|---|---|
| Hi-P Intl | H17 | 1.97 | 1,510 | 5.3 | 363.0 | 52.2 | 10.9 | Electronic Components |
| M1 | B2F | 1.8 | 1,647 | 1.1 | -7.5 | -18.1 | 6.3 | Wireless Telco |
| StarHub | CC3 | 2.74 | 4,928 | -3.9 | 4.5 | -8.3 | 6.2 | Wireless Telco |
| ST Engineering | S63 | 3.25 | 10,157 | -0.3 | -1.1 | 2.3 | 5.3 | Aerospace & Defense |
| ComfortDelGro | C52 | 2.01 | 4,284 | 1.5 | -16.2 | -8.7 | 5.2 | Trucking |
| Singtel | Z74 | 3.33 | 58,295 | -6.7 | -11.3 | -2.9 | 4.6 | Integrated Telco |
| Frasers Property | TQ5 | 1.96 | 6,059 | -3.1 | 19.5 | 10.2 | 4.4 | Real Estate Development |
| Average | -0.9 | 50.1 | 3.8 | 6.1 |
The table below details the REITs, stapled trusts and business trusts, also sorted by yield.
| Name | SGX Code |
* Last Price |
Market Cap S$m |
Total Return YTD % |
Total Return 1 Yr % |
Total Return 3 Yr % |
Dividend Yield % |
GICS Sub-Ind Name |
|---|---|---|---|---|---|---|---|---|
| Lippo Malls Indonesia Retail Trust | D5IU | 0.4 | 1,130 | 0.0 | 11.5 | 13.6 | 8.8 | Retail REITs |
| Hutchison Port Hldgs Trust** | NS8U | 0.35 | 4,832 | -13.1 | -4.8 | -13.7 | 7.6 | Marine Ports & Services |
| Frasers Commercial Trust | ND8U | 1.39 | 1,222 | -4.7 | 15.1 | 5.2 | 7.0 | Office REITs |
| Ascendas REIT | A17U | 2.59 | 7,479 | -4.8 | 8.4 | 9.2 | 6.9 | Industrial REITs |
| OUE Commercial REIT | TS0U | 0.71 | 1,096 | 1.8 | 8.3 | 6.5 | 6.6 | Office REITs |
| Keppel Infrastructure Trust** | A7RU | 0.565 | 2,218 | -0.1 | 23.3 | 11.0 | 6.6 | Multi-Utilities |
| CapitaLand Retail China Trust | AU8U | 1.54 | 1,488 | -4.4 | 13.4 | 4.0 | 6.6 | Retail REITs |
| Frasers Hospitality Trust** | ACV | 0.78 | 1,452 | -0.6 | 21.0 | 4.9 | 6.5 | Hotel & Resort REITs |
| Frasers Logistics & Industrial Trust | BUOU | 1.08 | 1,642 | -6.9 | 20.2 | N/A | 6.4 | Industrial REITs |
| Starhill Global REIT | P40U | 0.74 | 1,614 | -3.0 | 4.3 | 2.6 | 6.4 | Retail REITs |
| First REIT | AW9U | 1.35 | 1,055 | -1.4 | 12.2 | 6.6 | 6.4 | Health Care REITs |
| Manulife US REIT* | BTOU | 0.915 | 1,251 | 2.9 | 27.7 | N/A | 6.3 | Office REITs |
| Mapletree Greater China Commercial Trust | RW0U | 1.19 | 3,355 | -3.3 | 31.0 | 13.0 | 6.3 | Diversified REITs |
| OUE Hospitality Trust** | SK7 | 0.835 | 1,517 | -0.3 | 30.1 | 6.3 | 6.2 | Hotel & Resort REITs |
| Mapletree Logistics Trust | M44U | 1.23 | 3,762 | -5.4 | 24.0 | 7.7 | 6.1 | Industrial REITs |
| Ascott Residence Trust | A68U | 1.17 | 2,524 | -1.2 | 11.4 | 5.5 | 6.1 | Residential REITs |
| Mapletree Industrial Trust | ME8U | 1.95 | 3,676 | -3.1 | 24.5 | 15.6 | 6.0 | Industrial REITs |
| Mapletree Commercial Trust | N2IU | 1.55 | 4,464 | -3.0 | 7.2 | 7.4 | 5.8 | Retail REITs |
| CapitaLand Mall Trust | C38U | 1.97 | 6,986 | -6.2 | 5.1 | 3.2 | 5.7 | Retail REITs |
| Far East Hospitality Trust** | Q5T | 0.725 | 1,346 | 0.7 | 28.7 | 2.2 | 5.6 | Hotel & Resort REITs |
| Frasers Centrepoint Trust | J69U | 2.15 | 1,990 | -2.8 | 11.4 | 8.4 | 5.6 | Retail REITs |
| SPH REIT | SK6U | 0.99 | 2,542 | -4.5 | 7.2 | 4.0 | 5.6 | Retail REITs |
| CDL Hospitality Trusts** | J85 | 1.66 | 1,991 | 1.1 | 32.5 | 6.4 | 5.6 | Hotel & Resort REITs |
| Ascendas India Trust** | CY6U | 1.04 | 1,075 | -7.4 | 4.1 | 12.9 | 5.6 | Real Estate Operating |
| Keppel DC REIT | AJBU | 1.35 | 1,522 | -3.3 | 20.5 | 15.6 | 5.3 | Specialized REITs |
| Suntec REIT | T82U | 1.9 | 5,056 | -10.5 | 14.7 | 5.5 | 5.3 | Diversified REITs |
| CapitaLand Commercial Trust | C61U | 1.72 | 6,206 | -8.9 | 18.0 | 5.8 | 5.0 | Office REITs |
| Keppel REIT | K71U | 1.18 | 3,996 | -5.3 | 20.8 | 4.9 | 4.8 | Office REITs |
| Parkway Life REIT | C2PU | 2.8 | 1,694 | -5.3 | 19.9 | 10.3 | 4.8 | Health Care REITs |
| Average | -3.6 | 16.3 | 6.8 | 6.1 |
Source: Bloomberg (Data as of 13 February 2018).
* SGD equivalents shown for Manulife US REIT and Hutchison Port Hldgs Trust traded in USD.
** CDL Hospitality Trust, OUE Hospitality Trust, Frasers Hospitality Trust and Far East Hospitality Trusts are Stapled Trusts. Hutchison Port Holdings Trust, Keppel Infrastructure Trust and Ascendas India Trust are Business Trusts.
