Saturday, May 12, 2012

Real estate best performer among FTSE ST indices


Straits Times: Sat, May 12
THE best-performing of the FTSE ST family of indices so far this year has been the FTSE ST Real Estate Holdings & Development index, which tracks the local property sector.

The index had soared 20.92 per cent as of yesterday, fuelled by strong gains from Hongkong Land, which has rocketed 31.72 per cent, and CapitaLand, which has shot up 24.39 per cent.

These are the largest two stocks in the index in terms of market capitalisation.

The real estate sector index easily outdid the benchmark Straits Times index which has gained 7.26 per cent since the start of this year.

The FTSE ST Real Estate Investment Trust (Reit) index also had a good showing, gaining 13.38 per cent.

It also maintained one of the highest indicative dividend yields as of May11, the Singapore Exchange noted in its SGX My Gateway Report.

The two largest capitalised Reits in the index, CapitaMall Trust and Ascendas Reit, had indicative dividend yields of between 5 per cent and 6 per cent.

The only other sector with dividend yields that matched that was telecommunications, tracked by the FTSE ST Telecommunications index.

The two largest players, SingTel and StarHub, had indicative dividend yields of 4.88 per cent and 6.17 per cent respectively...
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Martin Koh/ Sherry Tang
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