The Straits Times Index has dropped almost 8% from a recent high on July 25, about twice as much as an index of global shares, as the city-state’s economy and company profits feel the impact of a trade war between its two largest trading partners. But the estimated 12-month forward dividend yield is among the highest in Asia, according to data compiled by Bloomberg.
(Aug 23): Singapore’s stocks may be falling, but some investors say they’re still a bright spot in a global equity market marred by trade tensions and slowing economic growth.
The reason, they say, is the steady dividends paid out by much of the country’s benchmark gauge, which is filled with banks, telecommunication companies and real estate investment trusts.
