Singapore Stocks? It May Be Time To Consider Them
Back in 2010 (it's hard to believe that was five years ago), this author wrote about the country of Singapore and the top Singapore stocks. Since then, Singapore has made some major improvements.
For example, five years ago, it was the 18th wealthiest country in the world in terms of GDP per capita on a purchasing power parity basis. Now it is in third place.
As for the Human Development Index, it was ranked 25th place; now it is number nine. In addition, the country now has has the world's highest percentage of millionaires. Plus, multinational companies in Australia and other countries now move money through financial hubs in Singapore than at any time in history.
Don't let the name fool you but China Yuchai International Limited (NYSE: CYD) is actually a Singapore company. It has China in its name because the company makes and markets diesel and natural gas engines primarily in the Peoples Republic of China. The stock trades at six times earnings and pays a fat 6.6 percent yield.
Flextronics International Ltd. (NASDAQ: FLEX) is another Singapore company which provides design, manufacturing, and supply chain services to original equipment manufacturers. It trades at 14 times trailing and 10 times forward earnings. It does not pay a dividend.
However, the best way to invest in Singapore may be to just invest in the iShares MSCI Singapore Index Fund (NYSE: EWS). Check out these stock lists of different country-specific stock names, such as Brazil, Canada, China, Cuba, Mexico, Spain and the UK.
Disclosure: Author didn't own any of the above at the time the article was written.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.