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Home Smart Commentary Smart Reads of the Week: Local Banks Get Hammered

Smart Reads of the Week: Local Banks Get Hammered

Company and REIT earnings have been slowly trickling out over the last two weeks, offering insight into how businesses are handling the Coronavirus crisis.

Predictably, most companies have reported a profit warning.

However, a select group of companies have surprised with stronger results.

Meanwhile, the Monetary Authority of Singapore (MAS) recently called on the local banks to trim their dividend payments in light of the pandemic.

The banks are allowed to pay out up to a maximum of 60% of last year’s annual dividend.

As a result, banks’ share prices got hammered on Thursday.

But we see this as a prudent move for banks to conserve cash in case conditions get worse.

Here are our top articles for the week.

1. 3 Key Reasons You Should Own REITs in Your Investment Portfolio

REITs have been shown to provide a great mix of growth and income for investors. Here are three compelling reasons why you should own some in your investment portfolio.

To help you navigate the REITs landscape in Singapore, The Smart Investor has launched a brand-new Special FREE report: “How You Can Make Money Investing In REITs During This Pandemic”!

We cover the pandemic’s impact on REITs in Singapore, and dive into the different sectors of Hospitality REITs, Retail REITs, Commercial REITs, Industrial REITs, Healthcare REITs.

Click HERE to download the FREE report.

2. 3 Reasons Why You Should Buy Dividend Stocks

If you find the idea of receiving cash while sitting around appealing, this is just one of three great reasons why you should buy dividend-paying stocks.

3. 3 Tips on Picking Your Next Dividend Stock

Looking for a dividend stock? Here are three ways you can find a reliable one to own.

4. 2 Tell-Tale Signs of a Great Dividend Stock

What are some of the attributes of a great dividend-paying stock? We delve into two of these.

5. 4 Dividend-Paying Stocks I Never Plan to Sell

These four companies that I plan to hold for a lifetime have solid businesses that should continue to pay out dividends over many years.

6. MAS Calls on Local Banks to Limit Their Dividend Payments

We delve into a little more detail on the new MAS ruling for the local banks, and what implications this may have on their dividend yields.

7. How to Generate a Reliable Stream of Income That Will Last You for Life

We offer a glimpse on how to generate a steady stream of passive income from your investment portfolio that can last you for decades.

8. Thinking of Investing in Frasers Centrepoint Trust? Watch out for These 3 Risks

If you are thinking of investing in Frasers Centrepoint Trust (SGX: J69U), watch out for these three risks first.

9. First REIT: Not Out of the Woods Yet

First REIT (SGX: AW9U) is facing challenges to its core business. We take a look at what’s troubling the REIT.

Download your FREE special REITs report: “How You Can Make Money Investing In REITs During This Pandemic” HERE or in the box below!

We cover the pandemic’s impact on REITs in Singapore, and dive into the different sectors of Hospitality REITs, Retail REITs, Commercial REITs, Industrial REITs, Healthcare REITs.

Please refer to the individual articles for stock ownership disclosures.

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