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Singapore stock dividends highest among major developed markets

Reuters
Reuters6/22/2020 03:34 PM GMT+08  • 2 min read
Singapore stock dividends highest among major developed markets
Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.
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(June 22): Equity analysts with Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months, citing a bottoming-out of the local economy, low valuations and strong dividend yields.

“In our base case scenario, we see growth driven by a rebound in corporate earnings as the negative impacts of COVID-19 are contained, and economic activity resumes to near normal levels in 2021,” the investment bank said in a report as it launched its coverage of Singapore equity strategy.

Last Friday, the city-state lifted most restrictions that had been imposed more than two months ago to curb the spread of the pandemic.

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