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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 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 Hi-P International, which has seen its stock surge 266.7% over the course of 2017. Yesterday, the Apple supplier reported a 122.8% YoY increase in net profit to a record S$121.5 million for the year ended 31 December 2017.
Click here for Hi-P's full-year earnings release; click here to read the kopi-C profile of Executive Chairman and CEO Yao Hsiao Tung.
As for the Singapore 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. |
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