Singapore's resilient, high yield plays look good defensive bet, says CIMB. "High yields, we believe, would be a much stronger argument in a low growth and negative real interest rate environment. Add on the still-present EPS risk, yield becomes that much more attractive," says broker in note. Adds Singapore stands out as comparatively attractive in region as dividend yields far superior to deposit rates.
Says investors can use buy-and-hold strategy or trade dividend ex-dates buying stocks just before ex-date, selling them just after. Notes, Ascendas REIT, Ascott Residence Trust, Cerebos Pacific, Rotary Engineering, SPH as top picks for strong yield, limited downside earnings risk.
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