Singapore's telecom, travel and leisure sectors face dividend uncertainty: IHS Markit

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SINGAPORE’S telecommunication, and travel and leisure sectors are expected to face dividend uncertainty in the second half of 2020. Read more at The Business Times.

In addition, Singtel's move to not provide guidance in financial performance and dividends in the next financial year is a “break with tradition”.

Genting Singapore did not declare an interim dividend for H1, a turnaround from the 1.5 Singapore cents per share payout a year ago. The research house therefore expects Genting Singapore to resume dividend payouts only when there is more visibility of a recovery, which might not be until early next year.

In Australia, IHS flagged 78 per cent of dividends to be paid out from the banks with low confidence as banks had in the first half deferred or slashed dividends in line with the Australian Prudential Regulation Authority’s guidance in April.

 

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