Jun[5] - Review on STI constituents

The following counters were shortlisted for their attractive valuation.(PE<20 and consistent dividend payout throughout the years).

A. ComfortDelgro [Public Transport] -- 2016 May[8]
Shall local Bus Contracting Model be fully implemented, the counter would be benefited with high cash flow which might return to investors in special dividend. Besides, the counter is having historically high dividend growth rate at 8% annually.

B. DBS [Banks] -- 2016 May[3]
It is interesting to see bank counter being traded under its net asset value. From the chart, it failed to break up 16 (~0.97 P/B). Shall this resistance line be broken, it would change into a strong support instead.

C. OCBC [Banks] -- 2016 May[1]
The counter is marginally trading above its net asset value. Current dividend yield is near to its historical high (>4%). Its recent acquisition of Barclay branch at Hong Kong would be new contribution in future earning.

E. STI ETF [Index] -- 2016 Jan[5] & Jun[6]
The index used to be range bound between PE 10 to 15. Current valuation is in the lower range. The corresponding yield is at historical attractive range as well.