Top Dividend Yielding Stocks in the Singapore Market

Dear all,

I have compiled the dividend yielding stocks using my personal criteria. Data is correct as on 22 Sep 11.

Short Name	Cur	Last Price	Analyst Consensus Px	Chg from consensus TP	52 Wk High	52 Wk Low	Adj Mkt Cap (S$m)	2012F PE	2011F Div Yield	Potential (cap gain + div yield)
First Ship Lease	SGD	0.30	0.43	45.8%	0.49	0.27	193.1	229.0	17.0%	62.8%
Cityspring Infra	SGD	0.40	0.44	12.6%	0.60	0.39	600.0	NA	13.2%	25.9%
Macquarie Intl	SGD	0.50	0.62	24.7%	0.63	0.50	633.5	NA	11.0%	35.7%
Elec & Eltek	USD	2.98	4.38	47.0%	4.00	2.81	720.1	6.5	10.9%	57.9%
Technics Oil &	SGD	0.91	1.29	41.2%	1.05	0.73	201.8	8.1	10.4%	51.6%
Sabana Shariah	SGD	0.89	1.07	19.9%	1.05	0.84	565.2	11.1	10.1%	30.1%
Aims Amp Capital	SGD	0.21	0.27	31.7%	0.23	0.19	454.9	9.8	10.0%	41.7%
Pacific Shipping	USD	0.37	0.44	18.9%	0.38	0.29	281.1	6.6	9.2%	28.1%
Okp Holdings Ltd	SGD	0.56	0.81	44.6%	0.69	0.45	170.7	6.3	8.9%	53.6%
Cambridge Reit	SGD	0.48	0.58	21.7%	0.56	0.40	570.8	10.7	8.9%	30.6%
China Merchants	SGD	0.60	1.02	70.0%	0.77	0.46	349.2	6.2	8.8%	78.8%
Mermaid Maritime	SGD	0.29	0.31	6.9%	0.50	0.26	227.6	57.6	8.5%	15.4%
Amtek Engineer	SGD	0.67	1.00	49.8%	1.41	0.57	361.2	4.1	8.5%	58.3%
Ascott Residence	SGD	1.05	1.30	24.8%	1.29	1.04	1,178.1	15.1	8.3%	33.1%
Cache Logistics	SGD	0.99	1.15	15.8%	1.01	0.91	630.5	13.2	8.2%	24.0%
Hutchison Port-U	USD	0.63	0.85	35.6%	1.02	0.59	7,012.4	17.3	8.1%	43.7%
Ascendas India T	SGD	0.84	1.03	23.2%	1.07	0.83	645.3	11.4	8.0%	31.2%
Ecs Holdings Ltd	SGD	0.51	1.02	102.0%	0.97	0.50	184.5	3.3	7.9%	109.9%
Suntec Reit	SGD	1.22	1.57	29.0%	1.65	1.21	2,695.5	15.6	7.9%	36.9%
Second Chance Pr	SGD	0.38	0.53	39.5%	0.43	0.07	174.8	8.6	7.9%	47.4%
Oxley Holdings	SGD	0.33	0.52	57.6%	0.42	0.30	491.4	2.9	7.9%	65.5%
Mapletree Log Tr	SGD	0.87	1.02	17.5%	1.00	0.81	2,098.8	12.9	7.8%	25.3%
First Reit	SGD	0.79	0.89	12.7%	0.84	0.65	494.9	10.4	7.8%	20.5%
Venture Corp Ltd	SGD	7.15	9.04	26.4%	10.02	6.90	1,961.9	9.5	7.7%	34.1%
Frasers Commerci	SGD	0.82	1.02	25.2%	0.88	0.73	514.2	10.4	7.4%	32.6%
Rotary Engineer	SGD	0.62	0.72	16.5%	1.09	0.60	349.2	6.2	7.2%	23.8%
Hong Leong Asia	SGD	1.57	2.19	39.3%	3.65	1.52	586.9	6.3	7.2%	46.5%
Fortune Reit	HKD	3.57	4.61	29.0%	4.18	3.48	989.4	14.6	7.2%	36.2%
Capitaretail	SGD	1.19	1.40	17.4%	1.33	1.17	818.0	12.8	7.1%	24.5%
Boustead Sing	SGD	0.85	1.38	61.8%	1.16	0.82	438.4	8.2	7.1%	68.8%
Cdl Reit	SGD	1.67	2.23	33.4%	2.23	1.63	1,606.2	13.1	7.0%	40.4%
Starhub Ltd	SGD	2.88	2.83	-1.8%	2.92	2.47	4,938.3	15.3	7.0%	5.2%
Starhill Global	SGD	0.60	0.72	20.2%	0.67	0.58	1,165.8	12.8	7.0%	27.2%
K-Reit Asia	SGD	1.09	1.41	29.1%	1.46	1.09	1,484.2	18.8	6.9%	36.0%
Pan-United Corp	SGD	0.44	0.63	43.7%	0.61	0.42	241.8	8.1	6.9%	50.6%
Stx Osv Holdings	SGD	1.19	1.83	54.5%	1.58	0.79	1,398.3	6.0	6.9%	61.4%
Mapletree Indust	SGD	1.20	1.29	8.1%	1.22	0.92	1,945.7	14.1	6.8%	15.0%
Capitacommercial	SGD	1.08	1.48	37.1%	1.57	1.08	3,056.3	15.7	6.7%	43.8%
Yhi Internationa	SGD	0.30	0.54	80.0%	0.37	0.26	175.4	4.5	6.7%	86.7%
Ascendas Real Es	SGD	2.02	2.20	8.7%	2.20	1.88	4,227.3	15.1	6.6%	15.3%
M1 Ltd	SGD	2.49	2.77	11.2%	2.70	2.16	2,260.2	12.5	6.5%	17.6%
Singap Press Hgs	SGD	3.72	4.13	10.9%	4.17	3.57	5,934.7	14.8	6.3%	17.3%
Fj Benjamin	SGD	0.33	0.42	26.7%	0.47	0.29	187.7	10.3	6.3%	33.0%
Mapletree Commer	SGD	0.85	1.01	19.3%	0.91	0.79	1,572.5	17.6	6.3%	25.5%
Thai Beverage	SGD	0.26	0.34	32.0%	0.30	0.26	6,403.1	11.8	6.2%	38.2%
Sia Engineering	SGD	3.96	4.35	9.7%	4.58	3.45	4,342.3	14.6	6.0%	15.7%
Singapore Post	SGD	1.05	1.16	11.0%	1.25	1.00	1,983.8	12.4	5.9%	16.9%
Hi-P Intl Ltd	SGD	0.58	0.96	66.4%	1.26	0.55	505.3	4.9	5.7%	72.1%
Perennial	SGD	0.50	0.74	50.0%	0.70	0.49	555.2	35.4	5.7%	55.7%
Frasers Centrepo	SGD	1.46	1.71	17.4%	1.60	1.37	1,126.9	16.0	5.6%	23.0%
Sats Ltd	SGD	2.26	2.68	18.5%	2.90	2.04	2,492.8	11.6	5.5%	24.0%
Sunvic Chemical	SGD	0.59	0.82	40.2%	0.86	0.38	350.3	2.3	5.5%	45.7%
Singap Telecomm	SGD	3.01	3.42	13.7%	3.30	2.75	47,979.6	11.4	5.5%	19.2%
Singap Tech Eng	SGD	2.89	3.39	17.3%	3.42	2.64	8,831.2	15.3	5.4%	22.7%
World Precision	SGD	0.51	0.97	92.1%	0.73	0.27	202.0	4.6	5.4%	97.5%
Ch Offshore Ltd	SGD	0.39	0.49	25.6%	0.58	0.33	275.0	5.3	5.3%	30.9%
Cerebos Pacific	SGD	4.79	6.65	38.8%	5.40	4.23	1,517.3	12.3	5.2%	44.1%
Yangzijiang Ship	SGD	1.00	1.46	46.4%	2.09	0.95	3,817.9	5.3	5.2%	51.6%
Capitamall Trust	SGD	1.88	2.08	11.0%	2.16	1.68	5,974.4	19.3	5.2%	16.2%
Hu An Cable Hlds	SGD	0.22	0.38	72.7%	0.33	0.22	189.5	3.2	5.2%	77.9%
Parkwaylife Reit	SGD	1.90	2.00	5.5%	1.98	1.55	1,146.4	18.2	5.1%	10.6%
Treasury China T	SGD	1.82	2.31	26.9%	2.25	1.42	461.9	20.4	5.0%	32.0%
Pac Andes Resour	SGD	0.21	0.29	38.1%	0.40	0.19	670.7	4.4	5.0%	43.1%
Dbs Group Hldgs	SGD	12.11	16.27	34.4%	15.73	12.01	28,286.6	9.0	4.9%	39.3%
Pec Ltd	SGD	0.79	1.08	36.4%	1.38	0.77	201.6	6.2	4.8%	41.2%
Sembcorp Marine	SGD	3.67	5.39	46.8%	5.84	3.62	7,623.0	10.9	4.8%	51.6%
Keppel Corp Ltd	SGD	8.47	12.05	42.2%	12.18	8.11	15,117.0	9.8	4.7%	46.9%
Hong Leong Finan	SGD	2.36	2.93	24.4%	3.15	2.35	1,039.5	11.2	4.7%	29.0%
Smrt Corp Ltd	SGD	1.78	1.84	3.4%	2.10	1.68	2,704.4	15.8	4.6%	8.1%
Wing Tai Hldgs	SGD	1.28	1.67	31.0%	1.82	1.18	1,012.3	5.8	4.6%	35.6%
Singapore Airlin	SGD	10.82	12.89	19.1%	15.61	10.30	12,874.1	12.7	4.5%	23.7%
Otto Marine	SGD	0.14	0.19	33.9%	0.40	0.13	270.3	7.9	4.5%	38.4%
China Fishery	SGD	1.20	1.69	40.8%	2.36	1.06	1,226.7	7.4	4.5%	45.3%
Singapore Exch	SGD	6.71	8.21	22.3%	10.26	6.56	7,190.2	18.0	4.4%	26.7%
Sembcorp Indus	SGD	3.69	5.48	48.5%	5.80	3.67	6,568.8	8.8	4.4%	52.8%
Great East Hold	SGD	12.40	20.00	61.3%	15.40	12.30	5,869.2	10.2	4.3%	65.6%
Roxy-Pacific	SGD	0.41	0.48	17.1%	0.52	0.33	261.0	4.4	4.3%	21.3%
United Overseas	SGD	17.36	21.27	22.5%	21.00	16.95	27,292.1	10.0	4.1%	26.7%
Lian Beng Group	SGD	0.38	0.66	77.3%	0.42	0.28	198.7	3.7	4.1%	81.4%
Comfortdelgro Co	SGD	1.33	1.66	24.9%	1.64	1.25	2,780.5	11.5	4.0%	29.0%
Sakari Res Ltd	SGD	2.45	3.14	28.0%	3.20	2.17	2,778.6	7.9	4.0%	32.0%
Asl Marine Hldgs	SGD	0.50	0.63	26.7%	0.76	0.42	211.0	6.3	4.0%	30.7%

Source: Bloomberg (as of 22 Sep 11)

Criteria:

1. Sorted by dividend yield > 4%;
2. Market cap > S$150m;
3. Existing analyst coverage;
4. Analyst target price > or approx = current price.

This is just a compilation and the mere appearance in this list is not an indication of any recommendation.

Disclaimer: The information contained herein is the writer's personal opinion and is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided herein do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or invest in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein are suitable for you. The writer will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials appended herein. The information and/or materials are provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials.