UBS, Citi on cheap Singapore shares, dividend-paying stocks




“Dividend is going to be a very important element for investors in 2019 … on that, Singapore ranks high,” Ken Peng, head of Asia funding technique at Citi Private Bank, informed reporters on Tuesday.

Peng stated the financial institution likes Singapore lenders — a view shared by funding financial institution Jefferies, which has a “buy” score for DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank.

Krishna Guha, fairness analyst at Jefferies, wrote in a be aware final week that the three Singapore banks have the potential to proceed rising their capital and which will lead to larger dividend payouts. That’s one of many causes that make the lenders a gorgeous funding choice, Guha stated.

“Notwithstanding uncertain macro conditions, Singapore banks, in our view, are sheltered by a combination of inexpensive valuation, growing payout and diverse levers to sustain earnings growth. Valuations are in the low range of historical bands and attractive regionally,” he wrote.




Be the first to comment on "UBS, Citi on cheap Singapore shares, dividend-paying stocks"

Leave a comment

Your email address will not be published.


*