However, Real Estate Investment Trusts (REITs) and business trusts are expected to remain promising investment options as they “maintain dividend visibility in guidance ranges supported by well diversified portfolios and longer leases,” according to Maybank Kim Eng (MKE) analysts Thilan Wickramasinghe, Chua Su Tye and Lai Gene Lih.
Singapore’s stock market seems to have caught the Covid-19 bug with the benchmark Straits Times Index (STI) falling 1.4% to 2,534.6 points last week.
This follows weaker economic sentiment, softness in the labour market, record-low interest rates and for several companies on the Singapore Exchange, lower dividend yields.
