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Are there still value opportunities in the search for yield?

Even the usual Straits Times Index stalwarts have become expensive

DIVIDENDS. Who, in this yield-starved world, doesn't like them? But after a 15 per cent rally in the past few months in real estate investment trusts (Reits), finding a cheap stable yield stock has become harder again. Even the usual Straits Times Index (STI) stalwarts have become expensive.