The Straits Times Index (SGX: ^STI) had offered the highest dividend yield among all Asian stock market indexes as of Monday. This speaks to the attractive yields that are likely to be available in Singapore’s stock market.
I’ve taken a look at the highest yielding blue chip stocks earlier this week. Let’s switch gears now and take a quick look at the top five yielding mid-sized companies as of 9 December 2015, according to bourse operator Singapore Exchange.
At first place is Asian Pay Television Trust (SGX: S7OU). It offered a yield of 11.4% as of 9 December 2015 (all yield figures seen later are as of 9 December 2015 too).
The business trust currently owns Taiwan Broadband Communications Group, a provider of basic cable TV, digital cable TV, and broadband services in Taiwan. My colleague Stanley Lim has recently expressed his skepticism about the trust’s ability to maintain its distribution payout.
Next up, we have Keppel Infrastructure Trust (SGX: A7RU). The business trust has a portfolio of nine infrastructure businesses across Singapore and Australia.
It was borne out of the combination of CitySpring Infrastructure Trust and Keppel Infrastructure Trust earlier this year. The current Keppel Infrastructure Trust had a yield of 9.2%.
We have a pair of stapled securities next. OUE Hospitality Trust (SGX: SK7) is a stapled trust with three hospitality properties under its umbrella. CDL Hospitality Trust (SGX: J85) is the other stapled trust – it has 15 hotels and two resorts in its portfolio. The former had a yield of 8.4% while the latter was close behind with an 8% yield.
The hospitality sector is having a tough time right now, which may be why the unit prices for the two stapled trusts have declined this year, leading to the high yields.
Rounding up the quintet is China Merchant Holdings (Pacific) Ltd (SGX: C22), a company which operates toll roads in China. It offered a yield of 7.6% for investors. The company’s latest results are not very promising with its profit sliding by 12% year-on-year.
There appears to be cloudy skies all around for most of the quintet above.
But, Foolish investors may want to look past the dark clouds and think about which of the stocks or trust can pull through their own difficult times. With uncertainty comes opportunity.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.