Introduction

OCBC Investment Research has released a detailed analysis of Singapore stocks and REITs, focusing on dividend yields, market performance, and investment recommendations. This comprehensive report provides a deep dive into companies offering dividend yields greater than 6%, including insights into REITs and STI stocks. Below, we explore the data and recommendations for each company covered in the report.

Singapore Stocks: Companies with Dividend Yields Greater Than 6%

The report highlights companies with forecasted dividend yields exceeding 6%. Below is a detailed analysis of each company based on their financial performance, dividend yields, equity beta, and market capitalization.

1. Manulife US Real Estate Investment Trust (MUST SP)

Market Capitalization: USD 169M
Dividend Yield (F1): 44.7%
Dividend Yield (F2): 36.8%
Price: USD 0.095
Equity Beta: 0.28
Recommendation: 2 Buy, 2 Hold

Manulife US REIT boasts the highest forecasted dividend yield at 44.7% for the first year. However, its valuation and sustainability require careful consideration given its small market cap and modest equity beta.

2. IREIT Global (IREIT SP)

Market Capitalization: SGD 265M
Dividend Yield (F1): 10.3%
Dividend Yield (F2): 10.4%
Price: SGD 0.270
Equity Beta: 0.49
Recommendation: 1 Buy, 1 Hold

IREIT Global stands out with strong dividend yields and a relatively low equity beta, making it a compelling choice for income-focused investors.

3. Hutchison Port Holdings Trust (HPHT SP)

Market Capitalization: USD 1,385M
Dividend Yield (F1): 8.1%
Dividend Yield (F2): 10.2%
Price: USD 0.159
Equity Beta: 0.36
Recommendation: 1 Buy, 2 Hold

With its consistent dividend growth, HPHT offers a solid option for investors looking to balance income with stability.

4. Aztech Global Ltd (AZTECH SP)

Market Capitalization: SGD 395M
Dividend Yield (F1): 14.3%
Dividend Yield (F2): 9.7%
Price: SGD 0.700
Equity Beta: 0.8
Recommendation: 2 Buy, 2 Hold

Aztech Global boasts impressive dividend yields, especially in its first year forecast. However, investors should monitor its equity beta, which suggests moderate volatility.

5. Elite UK REIT (ELITE SP)

Market Capitalization: GBP 216M
Dividend Yield (F1): 9.3%
Dividend Yield (F2): 9.7%
Price: GBP 0.300
Equity Beta: 0.74
Recommendation: 1 Buy, 5 Hold

Elite UK REIT demonstrates consistent returns for dividend seekers, with a strong forecast for the second year as well.

Singapore REITs: High-Yield Performers

The report extensively covers REITs, emphasizing their dividend yields and market dynamics. Below are key highlights of some top-performing REITs:

1. Sasseur Real Estate Investment Trust (SASSR SP)

Market Capitalization: SGD 622M
Dividend Yield (F1): 9.3%
Dividend Yield (F2): 9.1%
Price: SGD 0.680
Equity Beta: 0.80
Recommendation: 6 Hold

Sasseur REIT maintains robust yield forecasts, supported by its stable asset base.

2. ESR-REIT (EREIT SP)

Market Capitalization: SGD 1,529M
Dividend Yield (F1): 11.3%
Dividend Yield (F2): 8.1%
Price: SGD 0.260
Equity Beta: 0.95
Recommendation: 6 Hold

ESR-REIT delivers one of the highest yields, making it an attractive option for yield-driven investors.

Singapore STI Stocks: Market Leaders

Among STI stocks, several companies provide attractive dividend yields while demonstrating strong market positions.

1. DBS Group Holdings (DBS SP)

Market Capitalization: SGD 92,565M
Dividend Yield (F1): 4.7%
Dividend Yield (F2): 5.2%
Price: SGD 44.610
Equity Beta: 1.1
Recommendation: 20 Hold

DBS remains a cornerstone of the Singapore financial sector, offering reliable dividends and steady growth.

2. United Overseas Bank (UOB SP)

Market Capitalization: SGD 45,816M
Dividend Yield (F1): 4.6%
Dividend Yield (F2): 5.2%
Price: SGD 37.510
Equity Beta: 1.1
Recommendation: 19 Hold

UOB showcases consistent dividend performance, making it a top choice for long-term investors.

Conclusion

The OCBC Investment Research report offers a comprehensive analysis of Singapore’s stock and REIT market. From high-yield dividend stocks to leading STI performers, the insights cater to various investor preferences. It is essential for investors to evaluate the recommendations, dividend yields, and market dynamics outlined in the report to make informed decisions.