5 Singapore Stocks with Dividend Yields Higher Than Your CPF Special Account

The Smart Investor06-24

Singapore’s Central Provident Fund (CPF) scheme is a great way to save up for your retirement.In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 ...

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Drdeedee
·06-24
What about nav ?
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href=https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s Central Provident Fund (CPF) scheme is a great way to save up for your retirement.In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/","article_id":"2445062120","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445062120","pubTimestamp":1719194214,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"While the CPF Special Account does pay a high interest rate, here are five stocks that can easily beat 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retirement.In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 September 2024.While this interest rate is attractive, there are many stocks on the Singapore bourse that sport better dividend yields.Here are five stocks with dividend yields higher than the CPF SA interest rate.Straits Trading Company (SGX: S20)Straits Trading Company, or STC, is a conglomerate with operations and financial interests in resources (Malaysia Smelting Corporation Berhad), property (ESR Group), and hospitality (Far East Hospitality Holdings).The group reported a downbeat set of earnings for 2023 because of high interest rates and a high capitalisation rate that pressured its real estate valuations.Total revenue fell by 6.8% year on year to S$491.7 million, dragged down by a 10.1% year-on-year decline in tin mining and smelting revenue.The drop was offset by a 21.4% year on year increase in property revenue.STC reported a loss of S$28.6 million for 2023, reversing the S$551.3 million net profit a year before.2023’s net profit was impacted by a downward valuation adjustment for the group’s investment properties while 2022 saw a fair value gain from the embedded derivative portion of exchangeable bonds issued.Despite the weak performance, the conglomerate generated a positive free cash flow of S$28.7 million.STC declared an interim dividend of S$0.08, giving its shares a trailing dividend yield of 5.7%.Far East Hospitality Trust (SGX: Q5T)Far East Hospitality Trust, or FEHT, owns a portfolio of 12 properties with 3,015 hotel rooms and serviced residences in Singapore.These properties were valued at approximately S$2.5 billion as of 31 December 2023.The trust reported a good performance for 2023 as travel demand returned with a bang.Revenue climbed 27.8% year on year to S$106.8 million while net property income (NPI) improved by 27.7% year on year to S$98.7 million.Distribution per stapled security (DPSS) jumped 25.1% year on year to S$0.0409, giving FEHT’s units a trailing dividend yield of 6.6%.The hospitality trust announced an encouraging business update for the first quarter of 2024 (1Q 2024).Revenue rose 7.5% year on year to S$27.1 million with NPI increasing by 6% year on year to S$25.1 million.Uni-Asia Group Ltd (SGX: CHJ)Uni-Asia Group, or UAG, is an alternative investment group that manages handy dry bulk ships and properties.The group also has extensive know-how on alternative investments and provides services relating to such investments.UAG reported a weak set of results for 2023 with charter and fee income falling by 42% and 29% year on year, respectively.Total income fell by a third year on year to US$58 million.With operating expenses declining by just 11% year on year, the group’s operating profit tumbled by 68% year on year to US$10.5 million.Net profit came in at US$5 million, down 82% year on year.Despite the sharply lower profit, UAG managed to churn out a positive free cash flow of US$12.6 million for the year.A final dividend of S$0.022 was declared and paid, taking 2023’s total dividend to S$0.044.Shares of UAG sport a trailing dividend yield of 5.5%.UMS Holdings Ltd (SGX: 558)UMS provides equipment manufacturing and engineering services to original equipment manufacturers of semiconductors and related products.The group serves the semiconductor, electronics, machine tools, and oil and gas sectors and has production facilities in Singapore, Malaysia, and the US.UMS reported a weak 1Q 2024 result because of the ongoing downturn in the semiconductor industry.Revenue fell by 33% year on year to S$54 million while net profit decreased by 44% year on year to S$9.8 million.Despite the weaker profits, UMS still generated a positive free cash flow of S$2.7 million.The equipment manufacturer hiked its interim dividend by 20% year on year from S$0.01 to S$0.012.The trailing 12-month dividend totalled S$0.058, giving UMS’s shares a trailing dividend yield of 4.8%.The group completed the construction of its 300,000-square-foot factory in Penang which will focus on medium and large-format products, special processes, and modular assembly of products for its new customer.HRNetGroup Ltd (SGX: CHZ)HRNetGroup is a leading staffing and recruitment firm with over 900 consultants in 17 Asian cities.The group owns 14 brands such as HRnetOne, Recruit Express, PeopleFirst and SearchAsia.HRNetGroup reported a weak set of earnings as hiring demand remained tepid for its professional recruitment division.Revenue dipped by 5.4% year on year to S$578.5 million.Net profit fell by 5.9% year on year to S$63.6 million.The recruitment specialist generated a positive free cash flow of S$55.4 million for 2023.A total of S$0.04 per share in dividends was paid out in 2023, giving HRNetGroup’s shares a trailing dividend yield of 5.8%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":320173048172624,"gmtCreate":1719196418937,"gmtModify":1719196422684,"author":{"id":"3555464180683636","authorId":"3555464180683636","name":"Drdeedee","avatar":"https://community-static.tradeup.com/news/929c007353ce456aab3301f6bef1b67f","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":8,"crmLevelSwitch":1,"idStr":"3555464180683636","authorIdStr":"3555464180683636"},"htmlText":"What about nav ?&nbsp;","listText":"What about nav ?&nbsp;","text":"What about nav ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320173048172624","repostId":2445062120,"repostType":2,"repost":{"id":"2445062120","pubTimestamp":1719194214,"share":"https://ttm.financial/m/news/2445062120?lang=&edition=fundamental","pubTime":"2024-06-24 09:56","market":"sg","language":"en","title":"5 Singapore Stocks with Dividend Yields Higher Than Your CPF Special Account","url":"https://stock-news.laohu8.com/highlight/detail?id=2445062120","media":"The Smart Investor","summary":"While the CPF Special Account does pay a high interest rate, here are five stocks that can easily beat it.","content":"<html><head></head><body><p>Singapore’s Central Provident Fund (CPF) scheme is a great way to save up for your retirement.</p><p style=\"text-align: start;\">In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 September 2024.</p><p style=\"text-align: start;\">While this interest rate is attractive, there are many stocks on the Singapore bourse that sport better dividend yields.</p><p style=\"text-align: start;\">Here are five stocks with dividend yields higher than the CPF SA interest rate.</p><h2 id=\"h-straits-trading-company-sgx-s20\" style=\"text-align: start;\">Straits Trading Company (SGX: S20)</h2><p style=\"text-align: start;\">Straits Trading Company, or STC, is a conglomerate with operations and financial interests in resources (Malaysia Smelting Corporation Berhad), property (ESR Group), and hospitality (Far East Hospitality Holdings).</p><p style=\"text-align: start;\">The group reported a downbeat set of earnings for 2023 because of high interest rates and a high capitalisation rate that pressured its real estate valuations.</p><p style=\"text-align: start;\">Total revenue fell by 6.8% year on year to S$491.7 million, dragged down by a 10.1% year-on-year decline in tin mining and smelting revenue.</p><p style=\"text-align: start;\">The drop was offset by a 21.4% year on year increase in property revenue.</p><p style=\"text-align: start;\">STC reported a loss of S$28.6 million for 2023, reversing the S$551.3 million net profit a year before.</p><p style=\"text-align: start;\">2023’s net profit was impacted by a downward valuation adjustment for the group’s investment properties while 2022 saw a fair value gain from the embedded derivative portion of exchangeable bonds issued.</p><p style=\"text-align: start;\">Despite the weak performance, the conglomerate generated a positive free cash flow of S$28.7 million.</p><p style=\"text-align: start;\">STC declared an interim dividend of S$0.08, giving its shares a trailing dividend yield of 5.7%.</p><h2 id=\"h-far-east-hospitality-trust-sgx-q5t\" style=\"text-align: start;\">Far East Hospitality Trust (SGX: Q5T)</h2><p style=\"text-align: start;\">Far East Hospitality Trust, or FEHT, owns a portfolio of 12 properties with 3,015 hotel rooms and serviced residences in Singapore.</p><p style=\"text-align: start;\">These properties were valued at approximately S$2.5 billion as of 31 December 2023.</p><p style=\"text-align: start;\">The trust reported a good performance for 2023 as travel demand returned with a bang.</p><p style=\"text-align: start;\">Revenue climbed 27.8% year on year to S$106.8 million while net property income (NPI) improved by 27.7% year on year to S$98.7 million.</p><p style=\"text-align: start;\">Distribution per stapled security (DPSS) jumped 25.1% year on year to S$0.0409, giving FEHT’s units a trailing dividend yield of 6.6%.</p><p style=\"text-align: start;\">The hospitality trust announced an encouraging business update for the first quarter of 2024 (1Q 2024).</p><p style=\"text-align: start;\">Revenue rose 7.5% year on year to S$27.1 million with NPI increasing by 6% year on year to S$25.1 million.</p><h2 id=\"h-uni-asia-group-ltd-sgx-chj\" style=\"text-align: start;\">Uni-Asia Group Ltd (SGX: CHJ)</h2><p style=\"text-align: start;\">Uni-Asia Group, or UAG, is an alternative investment group that manages handy dry bulk ships and properties.</p><p style=\"text-align: start;\">The group also has extensive know-how on alternative investments and provides services relating to such investments.</p><p style=\"text-align: start;\">UAG reported a weak set of results for 2023 with charter and fee income falling by 42% and 29% year on year, respectively.</p><p style=\"text-align: start;\">Total income fell by a third year on year to US$58 million.</p><p style=\"text-align: start;\">With operating expenses declining by just 11% year on year, the group’s operating profit tumbled by 68% year on year to US$10.5 million.</p><p style=\"text-align: start;\">Net profit came in at US$5 million, down 82% year on year.</p><p style=\"text-align: start;\">Despite the sharply lower profit, UAG managed to churn out a positive free cash flow of US$12.6 million for the year.</p><p style=\"text-align: start;\">A final dividend of S$0.022 was declared and paid, taking 2023’s total dividend to S$0.044.</p><p style=\"text-align: start;\">Shares of UAG sport a trailing dividend yield of 5.5%.</p><h2 id=\"h-ums-holdings-ltd-sgx-558\" style=\"text-align: start;\">UMS Holdings Ltd (SGX: 558)</h2><p style=\"text-align: start;\">UMS provides equipment manufacturing and engineering services to original equipment manufacturers of semiconductors and related products.</p><p style=\"text-align: start;\">The group serves the semiconductor, electronics, machine tools, and oil and gas sectors and has production facilities in Singapore, Malaysia, and the US.</p><p style=\"text-align: start;\">UMS reported a weak 1Q 2024 result because of the ongoing downturn in the semiconductor industry.</p><p style=\"text-align: start;\">Revenue fell by 33% year on year to S$54 million while net profit decreased by 44% year on year to S$9.8 million.</p><p style=\"text-align: start;\">Despite the weaker profits, UMS still generated a positive free cash flow of S$2.7 million.</p><p style=\"text-align: start;\">The equipment manufacturer hiked its interim dividend by 20% year on year from S$0.01 to S$0.012.</p><p style=\"text-align: start;\">The trailing 12-month dividend totalled S$0.058, giving UMS’s shares a trailing dividend yield of 4.8%.</p><p style=\"text-align: start;\">The group completed the construction of its 300,000-square-foot factory in Penang which will focus on medium and large-format products, special processes, and modular assembly of products for its new customer.</p><h2 id=\"h-hrnetgroup-ltd-sgx-chz\" style=\"text-align: start;\">HRNetGroup Ltd (SGX: CHZ)</h2><p style=\"text-align: start;\">HRNetGroup is a leading staffing and recruitment firm with over 900 consultants in 17 Asian cities.</p><p style=\"text-align: start;\">The group owns 14 brands such as HRnetOne, Recruit Express, PeopleFirst and SearchAsia.</p><p style=\"text-align: start;\">HRNetGroup reported a weak set of earnings as hiring demand remained tepid for its professional recruitment division.</p><p style=\"text-align: start;\">Revenue dipped by 5.4% year on year to S$578.5 million.</p><p style=\"text-align: start;\">Net profit fell by 5.9% year on year to S$63.6 million.</p><p style=\"text-align: start;\">The recruitment specialist generated a positive free cash flow of S$55.4 million for 2023.</p><p style=\"text-align: start;\">A total of S$0.04 per share in dividends was paid out in 2023, giving HRNetGroup’s shares a trailing dividend yield of 5.8%.</p><p style=\"text-align: start;\"></p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 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}\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Singapore Stocks with Dividend Yields Higher Than Your CPF Special Account\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-24 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s Central Provident Fund (CPF) scheme is a great way to save up for your retirement.In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4211":"区域性银行","BK6063":"半导体设备","CHJ.SI":"联亚集团有限公司","CHZ.SI":"和乐集团有限公司","BK6046":"人力资源与就业服务","BK6078":"多种金属与采矿","558.SI":"UMS控股","S20.SI":"海峡贸易有限公司.","BK6520":"工商业服务概念","Q5T.SI":"远东酒店信托","BK6512":"房地产股","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK6052":"资产管理与托管银行","BK6515":"技术设备股","BK6507":"矿产资源股","BK6089":"酒店及度假村房地产投资信托","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","BK4017":"黄金","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","STI.SI":"富时新加坡海峡指数","BK6129":"酒店及度假村房地产信托"},"source_url":"https://thesmartinvestor.com.sg/5-singapore-stocks-with-dividend-yields-higher-than-your-cpf-special-account/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2445062120","content_text":"Singapore’s Central Provident Fund (CPF) scheme is a great way to save up for your retirement.In particular, the CPF Special Account (SA) carried an interest rate of 4.08% from 1 July 2024 to 30 September 2024.While this interest rate is attractive, there are many stocks on the Singapore bourse that sport better dividend yields.Here are five stocks with dividend yields higher than the CPF SA interest rate.Straits Trading Company (SGX: S20)Straits Trading Company, or STC, is a conglomerate with operations and financial interests in resources (Malaysia Smelting Corporation Berhad), property (ESR Group), and hospitality (Far East Hospitality Holdings).The group reported a downbeat set of earnings for 2023 because of high interest rates and a high capitalisation rate that pressured its real estate valuations.Total revenue fell by 6.8% year on year to S$491.7 million, dragged down by a 10.1% year-on-year decline in tin mining and smelting revenue.The drop was offset by a 21.4% year on year increase in property revenue.STC reported a loss of S$28.6 million for 2023, reversing the S$551.3 million net profit a year before.2023’s net profit was impacted by a downward valuation adjustment for the group’s investment properties while 2022 saw a fair value gain from the embedded derivative portion of exchangeable bonds issued.Despite the weak performance, the conglomerate generated a positive free cash flow of S$28.7 million.STC declared an interim dividend of S$0.08, giving its shares a trailing dividend yield of 5.7%.Far East Hospitality Trust (SGX: Q5T)Far East Hospitality Trust, or FEHT, owns a portfolio of 12 properties with 3,015 hotel rooms and serviced residences in Singapore.These properties were valued at approximately S$2.5 billion as of 31 December 2023.The trust reported a good performance for 2023 as travel demand returned with a bang.Revenue climbed 27.8% year on year to S$106.8 million while net property income (NPI) improved by 27.7% year on year to S$98.7 million.Distribution per stapled security (DPSS) jumped 25.1% year on year to S$0.0409, giving FEHT’s units a trailing dividend yield of 6.6%.The hospitality trust announced an encouraging business update for the first quarter of 2024 (1Q 2024).Revenue rose 7.5% year on year to S$27.1 million with NPI increasing by 6% year on year to S$25.1 million.Uni-Asia Group Ltd (SGX: CHJ)Uni-Asia Group, or UAG, is an alternative investment group that manages handy dry bulk ships and properties.The group also has extensive know-how on alternative investments and provides services relating to such investments.UAG reported a weak set of results for 2023 with charter and fee income falling by 42% and 29% year on year, respectively.Total income fell by a third year on year to US$58 million.With operating expenses declining by just 11% year on year, the group’s operating profit tumbled by 68% year on year to US$10.5 million.Net profit came in at US$5 million, down 82% year on year.Despite the sharply lower profit, UAG managed to churn out a positive free cash flow of US$12.6 million for the year.A final dividend of S$0.022 was declared and paid, taking 2023’s total dividend to S$0.044.Shares of UAG sport a trailing dividend yield of 5.5%.UMS Holdings Ltd (SGX: 558)UMS provides equipment manufacturing and engineering services to original equipment manufacturers of semiconductors and related products.The group serves the semiconductor, electronics, machine tools, and oil and gas sectors and has production facilities in Singapore, Malaysia, and the US.UMS reported a weak 1Q 2024 result because of the ongoing downturn in the semiconductor industry.Revenue fell by 33% year on year to S$54 million while net profit decreased by 44% year on year to S$9.8 million.Despite the weaker profits, UMS still generated a positive free cash flow of S$2.7 million.The equipment manufacturer hiked its interim dividend by 20% year on year from S$0.01 to S$0.012.The trailing 12-month dividend totalled S$0.058, giving UMS’s shares a trailing dividend yield of 4.8%.The group completed the construction of its 300,000-square-foot factory in Penang which will focus on medium and large-format products, special processes, and modular assembly of products for its new customer.HRNetGroup Ltd (SGX: CHZ)HRNetGroup is a leading staffing and recruitment firm with over 900 consultants in 17 Asian cities.The group owns 14 brands such as HRnetOne, Recruit Express, PeopleFirst and SearchAsia.HRNetGroup reported a weak set of earnings as hiring demand remained tepid for its professional recruitment division.Revenue dipped by 5.4% year on year to S$578.5 million.Net profit fell by 5.9% year on year to S$63.6 million.The recruitment specialist generated a positive free cash flow of S$55.4 million for 2023.A total of S$0.04 per share in dividends was paid out in 2023, giving HRNetGroup’s shares a trailing dividend yield of 5.8%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":2,"favoriteSize":8,"likeStatus":false,"favoriteStatus":false}}