Singapore Stock Market News

SPH - Yield attractions

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Publish date: Fri, 27 Sep 2013, 10:15 AM
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■ Expect final/special DPS of 16Scts with payout in Dec, equating to 4% yield for a c.10-week period

■ Muted earnings priced in; rebound likely with recent upward GDP revisions

■ Financials can comfortably support another 20 to 30 Scts/share payout, on top of 22 Scts in FY14F

■ Reiterate BUY, TP revised to S$4.53
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