Singapore: STI Index (.STI) stock dividends payout slides

Singapore: STI Index (.STI) stock dividends payout slides

Singapore: STI Index (.STI) stock dividends payout slides

Decleration in the world economy is beginning to take its toll on dividend payouts around the world, according to the latest Janus Henderson Global Dividend Index.

In Singapore, US$3.8 billion of dividends were paid out in the second quarter of 2019, US$500 million lower than the US$4.3 billion a year ago. While this represented an 11.6 per cent drop, the island nation’s underlying dividend growth – which adjusts for special dividends, change in currency, timing effects and index changes – saw an increase of 17.7 per cent. The biggest contributing factor to the headline decrease in total dividends was the factoring in of special dividends.

Total dividends paid globally in the quarter was US$513.8 billion, 1.1 per cent higher versus US$508.1 billion a year ago, despite growth being held back by the greenback’s strength.

While this was a new record, it was also the slowest rate of increase for more than two years. Janus Henderson said this was in line with its forecast, which had already factored in a slower growth rate this year.

Janus Henderson is a London-headquartered asset manager that invests in global equity markets, and has US$359.8 billion in assets under management.

The Janus Henderson Global Dividend Index (JHGDI) is a long-term study into global dividend trends which measures the progress global firms are making in paying their investors an income on their capital, using 2009 as a base year – index value 100.

It takes into account the world’s largest 1,200 companies by market capitalisation. These companies represent 90 per cent of global dividends paid. The next 1,800 companies represent 10 per cent, making their effects on the results negligible.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 3,225.97.

The projected upper bound is: 3,191.53.

The projected lower bound is: 3,063.86.

The projected closing price is: 3,127.69.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 31 white candles and 18 black candles for a net of 13 white candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 41.6522. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 25.21. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 29 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -73. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 28 period(s) ago.

Rex Takasugi – TD Profile

STRAITS TIMES closed up 13.420 at 3,128.450. Volume was 43% above average (neutral) and Bollinger Bands were 94% wider than normal.

Open     High      Low     Close     Volume___
3,114.1303,137.5203,114.1303,128.450 305,073,792
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 3,155.15 3,286.13 3,212.38
Volatility: 13 12 14
Volume: 257,896,288 221,485,648 210,344,416

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

STRAITS TIMES is currently 2.6% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .STI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .STI and have had this outlook for the last 13 periods. Our momentum oscillator is currently indicating that .STI is currently in an oversold condition.

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