Singapore High Dividend Yield Stocks

"The Secret Formula" to measuring the fiscal performance of any company: Most value/Least Price, where
Value= Net profit margin +Dividend Yield
Price= Price-to-book (NTA)
Top 20 results based on SGX StockFacts data(27Jul) updated below, most are REITs.

Asia REITs Valuation

Asia Reit peers comparison table.
(Click to enlarge)

Singapore REITs Valuation

Singapore REITs Look Good

Continue to focus on REITs:

FortuneREITs HK
Frasers Cpt Tr
MapletreeComm
MapletreeInd
mapletreeLOg
Suntec

Yield Play

As stocks have been selling off and STI hit its 52 weeks low yesterday. It's time to look at some of the "falling angels" for dividend yield play. As we know, for those companies paying dividend consistently in a growth manner, the lower its stock price, the higher will be its dividend yield thus more attractive to buy.

Below data quoted from AmFraser's recent analyst report.
List of REITs and Trust in Singapore(click picture to enlarge):

Yield Comparison(click picture to enlarge):

Given that possible interest rate rise on QE tapering, we need to carefully select those stocks that will be least affected by rising interest rate. Gearing ratio which indicates the company's debt leverage level is one of the factor to check the company's risk exposure. Below chart compares the Gearing ratio for yield play stocks. Stocks on right hand side is preferred.

Recommendation of Plays:

Singpore REITs Sector Update

Singapore REITs was one of the best performer among the world REITs. The outstanding performance has been continued for the first quarter this year. the REITs good not only because of their yield but also their continue growth potential. I had few posts in the past for REITs. Here is the latest report from Stanchart:

Yield is not a differentiator; buy growth
1Q13 SREITs results wrap
 In 1Q13, retail landlords outperformed our expectations while hotel REITs saw revenue decline

•  We believe valuations are not far from the peak, and we see just 10% upside from here unless interest rates stay low for a prolonged period
•  New listings offer better value at close to NAV, compared to the sector P/NAV of 1.24x
•  We maintain our Neutral stance on the sector. Our top picks remain CT and MCT

(click to Enlarge)

There is a new IPO started trading today: Croesus Retails Trust, which focus on Japan retail properties.

IPO: Dynasty Reits

Dynasty REIT was launched last week and will be Singapore’s first Renminbi (RMB) denominated Real Estate Investment Trust (REIT). It has been established with the investment strategy of principally investing in income-producing commercial real estate located in Mainland China, as well as real estate-related assets. The closing time for the IPO is 12pm, 24 October 2012, with an afternoon listing on SGX scheduled for 30 October.

The Edge magazine this week bullish on Reits sector.

Source: The Edge

Singapore Reits Ranking by Asset