Singapore stock dividends highest among major developed markets

(June 22): Equity analysts with Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months, citing a bottoming-out of the local economy, low valuations and strong dividend yields.

“In our base case scenario, we see growth driven by a rebound in corporate earnings as the negative impacts of COVID-19 are contained, and economic activity resumes to near normal levels in 2021,” the investment bank said in a report as it launched its coverage of Singapore equity strategy.