Dividend yields of top telcos beat benchmark STI

Its 12-month dividend averaged 6.7%.

The three largest telecommunications service providers, Singtel, NetLink NBN Trust and StarHub, has an average 12-month dividend indicated yield of 6.7%, which outpaced the benchmark Straits Times Index’s (STI) yield of about 3.8%, according to SGX.

These three firms also have a combined market cap of more than $60b, with an average total return of 9% in May. Its one-year total return is at 14.1%.

The communication services and the telecommunications industries were amongst the top net buy sectors in May, after attracting institutional inflows of $135.8m and $127m, respectively, according to SGX.

Latest developments in the industry include the delisting of Singapore’s smallest telco M1, as Keppel Corp and media company Singapore Press Holdings jointly bought out Malaysian telecoms provider Axiata Group’s 28.7% stake in M1.

Net inflow in May also reversed total outflows of $205.5m from the communication services sector over the first four months of the year.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia