Homepage / Asia / Amundi says this equity market offers high yields and stability
Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More

Asia

Amundi says this equity market offers high yields and stability

The search for yield has turned many investors’ attention to emerging Asia, with China, India and Indonesia often featured as preferred investment picks. But Amundi Asset Management has thrown a surprising name into the hat: Singapore.

Equities in the Southeast Asian city-state have outperformed many of their regional peers in the first half of 2017, said Chan Hock Fai, director for investment at Amundi.

So far this year, Singapore’s benchmark index, the Straits Times Index (STI), has climbed around 13 percent. That beat the 10 percent gain in Indonesia’s Jakarta Composite Index and the 2 percent increase in the Shanghai Composite Index, although it lagged the 15 percent rise in India’s Sensex.

Chan pointed to Singapore equity yields coming in between 3 and 3.5 percent as driving gains.

The country’s political stability and strong fiscal position add to the attractiveness of its equity market, where valuations are currently cheap, Chan told CNBC in an interview.

“Singapore is actually a high yield market. If you look at the general (equity) market, we’re more than 3 percent yield, between 3 and 3.5 percent — that’s very attractive for investors these days in a yield hungry market, when fixed incomes are yielding so low,” he said.

The Singapore 10-year government bond yield was around 2.07 percent, while the U.S. 10-year Treasury yield was around 2.27 percent on Thursday.

In a note earlier this week, the Singapore Exchange (SGX) said the STI’s dividend yield was 3.3 percent as of June 27, 2017. That was higher than the 2.8 percent average of Indonesia, Thailand and Malaysia, and the 2.5 percent average of Japan and Hong Kong markets.

That was a turnaround for an exchange that struggled with investor confidence and thin trading volume after a penny stock rout, a spate of delistings and few initial public offerings (IPO). SGX has stepped up to inject some much-needed vitality into the market, including pursuing the listings of tech companies and studying the possibility of dual-class shares.

Those efforts are paying off. This year, the exchange has seen nine new stock listings and is tipped by consultancy EY to lead the IPO pipeline for Southeast Asia in the second half of 2017.

The $2 billion listing of Singtel’s broadband subsidiary NetLink Trust next month, set to be the largest IPO this year, is among corporate actions on the SGX that could drive further market upside for Singapore, Credit Suisse wrote in a report earlier this month.

The bank estimated that close to 79 percent of MSCI Singapore could be involved in corporate activities such as asset divestment, listings of business units or consolidation of holdings. Its preferred stocks include Singtel, DBS, UOL and Sembcorp Marine.

“In our view, bottom-up drivers could lead to a further improvement in ROE (return on equity) for MSCI Singapore to close to 9 percent from 8.5 percent currently, while dividend yield could be increased from 3.7 percent to 4.5 percent,” according to the report.

Chan agreed that there is a good chance the Singapore equity market could retain its current high yields in the next two quarters. Barring shocks, the export-oriented Singapore will benefit more from the global recovery given its high trade to gross domestic product ratio, he said.

An official forecast projected the city-state’s economic growth at between 1 and 3 percent this year, but the government has said that the economy is likely to expand faster than in 2016, when it grew 2 percent.

“Singapore has always been part of the emerging Asia story. Now that we’re seeing a synchronized recovery globally, and Singapore being highly leveraged to global exports, it would be the chief beneficiary of this growth,” said Chan, who picked property developers and banks as his choice investments.

Source: cnbc china
Amundi says this equity market offers high yields and stability

Comments are closed.