Dividend theme deemed best defensive strategy for Singapore market

Dividend resiliency is key.

"Though Singapore remains our least preferred market in ASEAN 3, we believe the dividend theme provides the best defensive strategy in this market as long as bond yields and global growth remain low," according to the brokerage research firm Morgan Stanley's latest Asia Macro Debates report.

"Absolute spread between dividend yield and bond yield is significantly high, at 186 bps, or 83 bps higher than the past 10-year average of 103 bps. We expect dividends to continue to be more resilient than earnings as has been the case in the past 22 years," Morgan Stanley added.

"With the global macro landscape still in a 'twilight zone,' with volatile earnings growth expectation, investors would do well focusing on high and sustainable dividend paying stocks," it said further.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2571-0.001-0.08%
    USDSGD=X
    1.7397-0.0004-0.03%
    EURSGD=X
    2.1141+0.0003+0.01%
    GBPSGD=X
    81.3067+0.0147+0.02%
    SGDJPY=X
    6.1687+0.0061+0.10%
    SGDHKD=X
    2.6012+0.0028+0.11%
    SGDMYR=X
    9,200.0703-55.9561-0.60%
    SGDIDR=X
    4.9771+0.0101+0.20%
    SGDCNY=X
    1.1661+0.0008+0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.40+2.80+0.22%
    GCM14.CMX
    19.55-0.14-0.70%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.29%
    HGK14.CMX
    101.31-0.63-0.62%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    0.118-0.005-4.07%
    B22.SI
    1.155+0.005+0.43%
    U6C.SI
    1.34-0.015-1.11%
    G13.SI
    1.275+0.060+4.94%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.22+0.020+10.00%
    E94.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.145-0.009-5.84%
    5GD.SI
    0.15-0.009-5.66%
    5EL.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.015-4.76%
    K29.SI
    1.05-0.050-4.55%
    T14.SI