DBS Group Research Model Portfolio - Dividend
Income investing is part of your stock picking strategies. You look to include dividend stocks into your portfolio to provide a steady income stream.
The Dividend portfolio gained 6.8% on an average return basis, underperforming STI’s 11.9% gain. We remove ST Engineering from the portfolio given its recent strong gains. We also removed Venture Corp.
FRASERS CENTERPOINT LIMITED
- Strong earnings resilience amongst REITs with downside risk protection.
- Upside to earnings growth from AEI on major asset (northpoint).
- Yields of c.6% atttractive.
Company Guide:
MAPLETREE LOGISTICS TRUST
- Acquisitions and developments to drive growth; completion of various AEIs to underpin medium-term growth
Company Guide:
FRASERS CENTERPOINT TRUST
- Strong earnings resilience amongst REITs with downside risk protection.
- Upside to earnings growth from AEI on major asset (northpoint).
- Yields of 6.5% attractive.
Company Guide:
SIA ENGINEERING
- Worst could be over on the earnings front.
- Possibility of special dividends around the corner. Better entry point now.
Company Guide:
SHENG SIONG GROUP
- SSG is on track towards its 50-store target; margin expansion trend is performing to our expectations.
- Dividend continues to be attractive at c.4% based on FY16F DPS of 3.6 Scts.
Company Guide:
ARA ASSET MANAGEMENT
- Attractive valuations and yield of c.4% to 5%.
- ARA has S$150m war chest, and is well positioned to capture opportunities that may arise in 2016.
Company Guide:
Previous Report:
Singapore Research Team
DBS Vickers
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http://www.dbsvickers.com/
2016-04-15
