FY21 earnings forecasts for Singtel, StarHub could fall 9-10% if Covid-19 persists: DBS

Singtel, which is trading at a dividend yield of about 5.4 per cent two standard deviations from its 15-year historical average, pays out almost 100 per cent of its free cash flow as dividends to shareholders, he noted.

For earnings resilience, investors can look to telco infrastructure play NetLink NBN Trust, which is trading at around 6 per cent dividend yield.

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