In Focus
STOCKS | Staff Reporter, Singapore

Dividend yields of companies linked to Asia's wealthiest family empires outpace benchmark STI

Their dividend yields hover between 7.1-7.7% compared to 4% for the STI.

The five best-performing stocks related to Singapore’s family business empires have an average 12M dividend yield of 7.1-7.7% compared to the benchmark STI’s yield of about 4.0% over the same period, according to SGX.

There are 42 companies and 10 trusts that are linked to family-owned business empires listed on the SGX.

Also read: Ng brothers are Singapore's richest in 2018

These five non-REITs/trusts are identified to be OUE (8.6%), Haw Par (7.9%), QAF (6.7%), Golden Energy and Resources (6.6%) and Hong Leong Finance (5.7%) whose average indicated yield of 12M hit 7.1%.

Similarly, five REITs/trusts linked to the city’s wealthy families have an average indicated yield of 7.7% for 12M. These include Lippo Malls Indonesia Retail Trust (9.2%), First REIT (8.7%), OUE Hospitality Trust (7.1%), OUE Commercial REIT (7.0%) and Frasers Commercial REIT (6.5%).

The 24 companies and two trusts that are associated with the seven Singaporean business empires reported a combined market cap of more than $100b, which belongs to the Wee, Kwek, Ng, Kuok, Koh, Goi and Chua families.

Also read: Singapore's billionaire population down 11.4% in 2018 amidst equities rout

On the other hand, 18 companies and eight trusts are associated with five foreign family empires, of which three are Indonesian, one Thai and one British, having a combined market cap of more than $200b.

The Indonesian business empires are associated with the Widjaja, Riady and Salim families; Thailand’s Sirivadhanabhakdis are also prominent in the list and the Jardine Group is controlled by the Scottish/British Keswick family. 

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