Many investors interested in telco stocks like Singtel, M1 Limited and Starhub (analysis here) are waiting for the prices of these 3 stocks to come down before accumulating.
However, one gem listed on the Singapore Stock Exchange probably not many knew about is Total Access Communications or listed as DTAC.
DTAC is the second largest telco in Thailand behind AIS. From what we know about AIS, which Singtel has a stake, Thailand telcos are highly profitable. AIS enjoys the highest return on assets among Singtel’s telcos.
When I first spotted DTAC at Jun this year, it has already ran up a lot. Taking a look at its latest annual report, we get a dividend yield of 10%!
In this gloomy global market correction, it had been going up and up!
Current dividend yield points to 5%. Which means that its share price went up like 80% since I spot it =( . Best is that the dividends are totally sustainable.
You can take a look at DTAC’s data here.
I run a free Singapore Dividend Stock Tracker . It contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly here.