Comprehensive Analysis of Singapore Stocks and REITs

OCBC Investment Research – 16 December 2024

Delve into the intricacies of Singapore’s stock market with OCBC Investment Research’s detailed analysis, featuring a robust examination of companies offering dividend yields greater than 6%. This comprehensive report covers a wide array of companies, providing insights into their market capitalizations, dividend yields, and expert recommendations.

Singapore Stocks: Dividend Yield Greater Than 6%

Acrophyte Hospitality Trust (ARAUS SP)

Acrophyte Hospitality Trust, traded in USD at 0.210, boasts a market cap of USD 122 million. With a historical dividend yield of 1.0%, its forward-looking figures stand at 7.1% and 7.6% for the first and second forecast years, respectively. The stock holds a single recommendation, reflecting a cautious outlook.

AIMS AMP Capital Industrial REIT (AAREIT SP)

At SGD 1.240, AIMS AMP Capital Industrial REIT has a market cap of SGD 748 million. The historical yield is 0.7%, with a forward yield of 7.7% and a slight decrease to 7.5% forecasted for the second year. Three recommendations suggest a stable performance outlook.

Aztech Global Ltd (AZTECH SP)

Aztech Global, priced at SGD 0.705, holds a market capitalization of SGD 404 million. With a strong forward dividend yield of 14.2%, dropping to 9.6% in the second year, it has garnered four recommendations, indicating a promising investment opportunity.

BRC Asia (BRC SP)

BRC Asia, trading at SGD 2.540, has a market cap of SGD 517 million. A historical yield of 0.6% with forward estimates of 5.5% and 7.6%, along with three recommendations, highlight its potential.

CapitaLand Ascott Trust (CLAS SP)

With a trading price of SGD 0.880 and a market cap of SGD 2,478 million, CapitaLand Ascott Trust offers a historical yield of 0.8%. The forward yields are predicted at 9.2% and 6.8%, with 11 recommendations, showcasing investor confidence.

CapitaLand China Trust (CLCT SP)

CapitaLand China Trust, priced at SGD 0.710 and a market cap of SGD 906 million, presents a historical yield of 0.9% and forecasted yields of 8.5% and 8.6%. With four recommendations, it remains a strong contender in the market.

Capitaland India Trust (CLINT SP)

Trading at SGD 1.070, Capitaland India Trust has a market cap of SGD 1,067 million. Its historical yield is 0.8%, with forward projections of 6.8% and 7.0%, supported by four recommendations.

CDL Hospitality Trusts (CDREIT SP)

CDL Hospitality Trusts, at SGD 0.865 with a market cap of SGD 806 million, offers a historical yield of 1.0% with forward yields of 5.8% and 6.2%. Twelve recommendations suggest a stable investment.

Cromwell European Real Estate (CERT SP)

Priced at EUR 1.600, Cromwell European Real Estate holds a market cap of EUR 946 million. With a historical yield of 0.6%, its forward yields are 10.5% and 8.9%, accompanied by five recommendations.

CSE Global Ltd (CSE SP)

CSE Global, trading at SGD 0.465 and a market cap of SGD 244 million, offers a historical yield of 1.0%, with forward yields of 5.9% and 6.2%. Five recommendations reflect a steady outlook.

Daiwa House Logistics Trust (DHLT SP)

At SGD 0.590, Daiwa House Logistics Trust has a market cap of SGD 306 million. A historical yield of 0.4% with forward yields of 8.3% and 8.5%, along with two recommendations, indicate potential growth.

Elite UK REIT (ELITE SP)

Elite UK REIT, priced at GBP 0.295 and a market cap of GBP 219 million, presents a historical yield of 0.7% and forecasted yields of 9.5% and 9.8%. Five recommendations highlight its appeal.

ESR-REIT (EREIT SP)

ESR-REIT, trading at SGD 0.255 with a market cap of SGD 1,518 million, offers a historical yield of 0.9% and forward projections of 11.5% and 8.2%, supported by six recommendations.

Far East Hospitality Trust (FEHT SP)

Far East Hospitality Trust, priced at SGD 0.615 and a market cap of SGD 919 million, provides a historical yield of 0.7% with forward yields of 6.4% and 6.7%. Seven recommendations suggest a positive trajectory.

First REIT (FIRT SP)

First REIT, at SGD 0.255 and a market cap of SGD 396 million, offers a historical yield of 0.6% with forward yields of 9.1% and 9.4%. Three recommendations indicate moderate interest.

First Resources (FR SP)

Trading at SGD 1.470, First Resources has a market cap of SGD 1,689 million. It provides a historical yield of 0.7%, with forward projections of 4.9% and 6.1%, supported by six recommendations.

Frasers Logistics & Commercial Trust (FLT SP)

Priced at SGD 0.890, Frasers Logistics & Commercial Trust holds a market cap of SGD 2,484 million. With a historical yield of 0.9%, its forward yields are 4.0% and 7.6%, accompanied by eleven recommendations.

Hutchison Port Holdings Trust (HPHT SP)

Hutchison Port Holdings Trust, trading at USD 0.153 and a market cap of USD 1,333 million, offers a historical yield of 0.5% with forward yields of 8.4% and 10.7%. Three recommendations highlight its growth potential.

K-REIT Asia (KREIT SP)

K-REIT Asia, at SGD 0.855 with a market cap of SGD 2,438 million, presents a historical yield of 0.9% and forward projections of 6.5% and 6.8%. Sixteen recommendations indicate strong market confidence.

Lendlease Global Commercial REIT (LREIT SP)

Trading at SGD 0.555, Lendlease Global Commercial REIT has a market cap of SGD 997 million. A historical yield of 0.9% with forward yields of 9.5% and 6.8%, along with seven recommendations, suggest a positive outlook.

Manulife US Real Estate Investment (MUST SP)

Manulife US Real Estate Investment, priced at USD 0.099 and a market cap of USD 176 million, offers a historical yield of 1.1% with forward yields of 42.9% and 35.4%. Four recommendations underscore its potential.

Mapletree Industrial Trust (MINT SP)

Mapletree Industrial Trust, at SGD 2.210 and a market cap of SGD 4,663 million, boasts a historical yield of 0.7% with forward yields of 5.6% and 6.1%. Fifteen recommendations reflect a strong position in the market.

Mapletree Logistics Trust (MLT SP)

Mapletree Logistics Trust, trading at SGD 1.270 with a market cap of SGD 4,761 million, offers a historical yield of 1.1% and forward projections of 6.4% for both forecast years. Fifteen recommendations highlight its stability.

Mapletree Pan Asia Commercial Trust (MPACT SP)

With a trading price of SGD 1.210 and a market cap of SGD 4,725 million, Mapletree Pan Asia Commercial Trust offers a historical yield of 1.1%. The forward yields are expected at 6.5% and 6.7%, with fourteen recommendations showcasing investor confidence.

NETLINK NBN Trust (NETLINK SP)

NETLINK NBN Trust, priced at SGD 0.855 and a market cap of SGD 2,472 million, presents a historical yield of 0.5% and forecasted yields of 6.3% and 6.2%. Eight recommendations highlight its consistent performance.

OUE Real Estate Investment Trust (OUEREIT SP)

OUE Real Estate Investment Trust, trading at SGD 0.280 with a market cap of SGD 1,141 million, offers a historical yield of 0.9% and forward projections of 6.6% and 7.1%. Four recommendations indicate a moderate outlook.

Riverstone Holdings (RSTON SP)

Riverstone Holdings, priced at SGD 1.040 and a market cap of SGD 1,143 million, provides a historical yield of 0.6% with forward yields of 1.2% and 8.4%. Four recommendations suggest potential growth.

Sasseur Real Estate Investment Trust (SASSR SP)

Sasseur Real Estate Investment Trust, at SGD 0.690 and a market cap of SGD 640 million, offers a historical yield of 0.6% with forward yields of 9.1% and 9.0%. Six recommendations underscore its attractiveness.

Starhill Global REIT (SGREIT SP)

Starhill Global REIT, trading at SGD 0.495 with a market cap of SGD 841 million, presents a historical yield of 0.7% and forward projections of 7.5% and 7.7%. Four recommendations indicate stability.

United Hampshire US REIT (UHU SP)

United Hampshire US REIT, priced at USD 0.470 and a market cap of USD 274 million, offers a historical yield of 0.8% with forward yields of 8.6% and 8.7%. Two recommendations reflect its potential appeal.

Valuetronics Holdings (VALUE SP)

Valuetronics Holdings, at SGD 0.625 and a market cap of SGD 190 million, provides a historical yield of 0.4% with forward yields of 3.6% and 7.2%. Two recommendations suggest a cautious approach.

Singapore REITs: Ranked by F1 Dividend Yield

Among the REITs analyzed, the Manulife US Real Estate Investment stands out with a staggering forward dividend yield of 42.9%. Other noteworthy mentions include Elite UK REIT and First REIT, with forward yields of 9.5% and 9.1%, respectively.

The extensive report by OCBC Investment Research provides an in-depth look at the performance and potential of various REITs and stocks in the Singapore market. As investors seek to navigate the complexities of the financial landscape, these insights offer valuable guidance for informed decision-making.