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OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside

Jovi Ho
Jovi Ho • 4 min read
OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside
Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents. Photo: Bloomberg
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Singapore stocks are providing decent total returns, says OCBC Investment Research (OIR) Singapore strategist Carmen Lee, while valuations remain inexpensive. 

Among the key Asian markets, the Straits Times Index (STI) offers the highest dividend yield of 5.8%, compared to a range of 1.5% to 5.0% for the rest.

This boosted total returns, giving a fairly decent return of 8.0% so far this year, versus a range of -2.9% to +30.1% for the rest of the region.

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