OCBC Investment Research: Comprehensive Analysis of Singapore Stocks
Published on November 18, 2024, by OCBC Investment Research
In this detailed exploration of Singapore’s financial market, OCBC Investment Research provides an in-depth analysis of the performance and prospects of various stocks, focusing on those with a dividend yield greater than 6%. This report is meticulously structured to offer insights into the market’s dynamics, providing investors with vital information to make informed decisions.
High Dividend Yield Singapore Stocks
The report kicks off with an analysis of Singaporean stocks that boast a dividend yield exceeding 6%. These stocks are ranked by company name and dividend yield, offering investors a clear perspective on potential investment opportunities.
Manulife US Real Estate Investment Trust (MUST SP)
With a remarkable F1 dividend yield of 49.9%, Manulife US Real Estate Investment Trust stands out. This trust has a market capitalization of USD 151 million, highlighting its strong position in the market. Analysts remain neutral with two Buy, two Hold, and no Sell recommendations.
Hutchison Port Holdings Trust (HPHT SP)
Hutchison Port Holdings Trust offers a solid dividend yield of 8.3% with a market cap of USD 1,350 million. Analysts are cautious, with one Buy, two Hold, and no Sell recommendations.
Elite UK REIT (ELITE SP)
This REIT provides a dividend yield of 9.8% and holds a market capitalization of GBP 211 million. The consensus includes one Buy and three Hold recommendations, indicating a stable investment opportunity.
Aztech Global Ltd (AZTECH SP)
Aztech Global Ltd, with a dividend yield of 14.7%, offers robust returns. Its market cap stands at SGD 391 million, with the outlook being mixed – two Buy, two Hold, and no Sell recommendations.
First REIT (FIRT SP)
First REIT showcases a yield of 9.1% and a market cap of SGD 398 million, with analysts providing a balanced view with two Buy, one Hold, and no Sell recommendations.
Sasseur Real Estate Investment Trust (SASSR SP)
With a yield of 9.3% and a market cap of SGD 629 million, Sasseur REIT is another strong performer. The stock receives six Hold recommendations, indicating cautious optimism.
United Hampshire US REIT (UHU SP)
This REIT offers an 8.8% yield and a market cap of USD 265 million. Analysts are neutral, with two Hold and no Buy or Sell recommendations.
Cromwell European Real Estate (CERT SP)
Cromwell European Real Estate promises a dividend yield of 10.4%, supported by a market cap of EUR 955 million. Analysts maintain a neutral stance with five Hold recommendations.
Daiwa House Logistics Trust (DHLT SP)
Offering an 8.6% yield, Daiwa House Logistics Trust has a market cap of SGD 297 million. Analysts recommend holding, with two Hold recommendations.
Riverstone Holdings (RSTON SP)
Riverstone Holdings provides a minimal yield of 1.2% but has a future forecast of 8.5%, backed by a substantial market cap of SGD 1,116 million. Four Hold recommendations suggest a conservative outlook.
CapitaLand China Trust (CLCT SP)
With a yield of 9.4% and a market cap of SGD 930 million, CapitaLand China Trust is a solid performer with four Hold recommendations.
ESR-LOGOS REIT (EREIT SP)
This REIT offers an attractive yield of 11.0% and a market cap of SGD 1,579 million. Analysts recommend holding, with six Hold recommendations.
Acrophyte Hospitality Trust (ARAUS SP)
Offering a yield of 7.7% and a market cap of USD 113 million, analysts view this trust with caution, leading to a single Hold recommendation.
Starhill Global REIT (SGREIT SP)
With a yield of 7.5% and a market cap of SGD 845 million, Starhill Global REIT has a balanced outlook with three Hold and one Sell recommendations.
AIMS AMP Capital Industrial REIT (AAREIT SP)
This REIT shows a yield of 7.7% and a market cap of SGD 758 million, with three Hold recommendations indicating steady performance.
BRC Asia (BRC SP)
Offering a yield of 4.9%, BRC Asia has a market cap of SGD 477 million and four Hold recommendations, suggesting moderate growth prospects.
SINGAPORE REITS Overview
OCBC’s report further delves into the details of Singapore REITs, providing insights on their performance and potential returns. These are ranked by company name and dividend yield, offering a comprehensive view of the REIT landscape in Singapore.
Elite UK REIT and Frasers Logistics & Commercial Trust
Elite UK REIT leads with a yield of 9.8%, followed by Frasers Logistics & Commercial Trust at 8.1%. Both present stable investment options with multiple Hold recommendations.
OUE Real Estate Investment Trust (OUEREIT SP)
With a yield of 6.5% and a market cap of SGD 1,167 million, analysts recommend holding this REIT.
Digital Core REIT Management Pte Ltd (DCREIT SP)
Offering a yield of 4.4%, this REIT maintains a market cap of USD 778 million with a neutral analyst outlook of five Hold recommendations.
SINGAPORE STI STOCKS Analysis
The report concludes with an analysis of the Singapore STI stocks, ranked by company name and dividend yield, providing insights into the broader stock market performance.
CapitaLand Investment Ltd/Singapore (CLI SP)
With a yield of 4.3% and a market cap of SGD 10,300 million, analysts are optimistic with 16 Hold recommendations.
Frasers Centrepoint Trust (FCT SP)
This trust offers a steady yield of 5.7% and a market cap of SGD 2,859 million, supported by 15 Hold recommendations.
DBS Group Holdings (DBS SP)
DBS Group boasts a 4.9% yield and a market cap of SGD 91,039 million, with a strong outlook featuring 18 Hold recommendations.
Conclusion
OCBC Investment Research’s comprehensive analysis offers investors a detailed view of the Singapore market, highlighting stocks and REITs with high dividend yields and stable performance. The report provides valuable insights for investors seeking to navigate the complex landscape of Singapore’s financial markets.
