The Incredible Shrinking Singapore Stock Market
https://www.bloomberg.com/news/features ... emium-asia
Strategy 1: ‘Peak’ Interest Rate, Uncertain Growth Environment Calls For Greater Focus On Yield/Defensive Stocks
In the yield and defensive stocks universe, DBS’ large cap REIT/Trust picks are Frasers Centrepoint Trust, Mapletree Commercial Trust, Mapletree Logistics Trust, Mapletree North Asia Commercial Trust and Mapletree Industrial Trust.
DBS also recommends Ascendas India Trust, Keppel-KBS US REIT and OUE Commercial REIT and Netlink NBN Trust as its small/mid cap REIT/Trust picks.
For defensive stocks with good yield, DBS recommends ST Engineering and SATS.
Strategy 2: Focus On Large-Cap Stocks With Attractive Upcoming Dividend Payouts
According to DBS, Venture Corp, UOB and ST Engineering are expected to deliver a dividend/price ratio of more than 2.5 percent.
Strategy 3: Property Plays To Ride On URA’s Draft Masterplan 2019
DBS views the increase in plot ratio as a positive development for S-REITs with exposure to the CBD such as CapitaCommercial Trust, Keppel REIT, Suntec REIT, Frasers Centrepoint Trust and OUE Commercial REIT.
CapitaLand, CDL, Frasers Property and UOL are also beneficiaries of URA’s draft Masterplan 2019.
Besides that, URA also revealed that the Greater Southern Waterfront development will start and span over the next 5-10 years.
DBS expects Mapletree Commercial Trust to benefit from this development as residential developments increase in this area over the long term.
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