SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖

The Investing Iguana

SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖

🔍 The Angle

SGX can deliver its best year ever and still fail the income test that matters most for a retirement portfolio. I spotted the contradiction in the dividend mix: the S$12.5-cent capital-recycling payout makes the headline increase look stronger, while the ordinary payout tells a much less generous story.

💰 What It Means For You

At S$24.51, the ordinary dividend produces only a 1.82% yield, well below the 3.2% Forensic Floor and 4.7% income hurdle. The balance sheet is strong, with S$1.56 billion in net cash, but that does not change the cashflow available to a fresh income portfolio. Iggy's Forensic Zone: Zone 5, Red Zone.

📺 YouTube: https://youtu.be/pSaA3MKjL6E

📩 Substack: https://investingiguana.com/p/sgx-just-hit-a-record-year-uob-kay

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":595322444791816,"tweetId":"595322444791816","gmtCreate":1786368872184,"gmtModify":1786369063275,"author":{"id":4116373681054822,"idStr":"4116373681054822","authorId":4116373681054822,"authorIdStr":"4116373681054822","name":"The Investing Iguana","avatar":"https://community-static.tradeup.com/news/a5b8d1ba313947828839993eb5115542","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"29815c1501c442c58b708482689df577-1","templateUuid":"29815c1501c442c58b708482689df577","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.12","individualDisplayEnabled":0},"individualDisplayBadges":[],"wearingBadges":[{"badgeId":"29815c1501c442c58b708482689df577-1","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":1645614000000,"redirectLinkValidityTo":1742295600000}],"fanSize":2532,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/4bccab1a19a8738c6ec02c0376ff4c70","width":"1920","height":"1080"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/4bccab1a19a8738c6ec02c0376ff4c70","width":"1920","height":"1080"}],"title":"SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖","html":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4bccab1a19a8738c6ec02c0376ff4c70\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>SGX can deliver its best year ever and still fail the income test that matters most for a retirement portfolio. I spotted the contradiction in the dividend mix: the S$12.5-cent capital-recycling payout makes the headline increase look stronger, while the ordinary payout tells a much less generous story.</p>\n<p>💰 What It Means For You</p>\n<p>At S$24.51, the ordinary dividend produces only a 1.82% yield, well below the 3.2% Forensic Floor and 4.7% income hurdle. The balance sheet is strong, with S$1.56 billion in net cash, but that does not change the cashflow available to a fresh income portfolio. Iggy's Forensic Zone: Zone 5, Red Zone.</p>\n<p>📺 YouTube: https://youtu.be/pSaA3MKjL6E</p>\n<p>📩 Substack: https://investingiguana.com/p/sgx-just-hit-a-record-year-uob-kay</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4bccab1a19a8738c6ec02c0376ff4c70\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>SGX can deliver its best year ever and still fail the income test that matters most for a retirement portfolio. I spotted the contradiction in the dividend mix: the S$12.5-cent capital-recycling payout makes the headline increase look stronger, while the ordinary payout tells a much less generous story.</p>\n<p>💰 What It Means For You</p>\n<p>At S$24.51, the ordinary dividend produces only a 1.82% yield, well below the 3.2% Forensic Floor and 4.7% income hurdle. The balance sheet is strong, with S$1.56 billion in net cash, but that does not change the cashflow available to a fresh income portfolio. Iggy's Forensic Zone: Zone 5, Red Zone.</p>\n<p>📺 YouTube: https://youtu.be/pSaA3MKjL6E</p>\n<p>📩 Substack: https://investingiguana.com/p/sgx-just-hit-a-record-year-uob-kay</p></body></html>","text":"SGX Just Hit a Record Year. UOB Kay Hian Still Won't Say Buy, and Neither Will Our Yield Floor 🦖 🔍 The Angle SGX can deliver its best year ever and still fail the income test that matters most for a retirement portfolio. I spotted the contradiction in the dividend mix: the S$12.5-cent capital-recycling payout makes the headline increase look stronger, while the ordinary payout tells a much less generous story. 💰 What It Means For You At S$24.51, the ordinary dividend produces only a 1.82% yield, well below the 3.2% Forensic Floor and 4.7% income hurdle. The balance sheet is strong, with S$1.56 billion in net cash, but that does not change the cashflow available to a fresh income portfolio. Iggy's Forensic Zone: Zone 5, Red Zone. 📺 YouTube: https://youtu.be/pSaA3MKjL6E 📩 Substack: https://investingiguana.com/p/sgx-just-hit-a-record-year-uob-kay","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/595322444791816","repostId":0,"isVote":1,"tweetType":1,"viewCount":13,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":727,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/595322444791816"}