Singapore Press Holdings will kick-start the September quarter earnings reporting season for Straits Times Index (STI) constituents tomorrow. Keppel Corp will follow suit next week, releasing their earnings on 19 October.
In the year-to-date, the Straits Times Index (STI) generated a total return of 17.6%, above the average of 15.1% for regional indices in SGD terms.
The simple average total return of the 30 constituents was 17.7% in the year-to-date, and they have a median Return on Equity (ROE) of 9.7%. They averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 15.7x and 2.4x respectively, and a ROE of 15.9%*. The 30 stocks also maintain an average dividend yield of 3.5%.
Earnings Release Schedule
Singapore Press Holdings will kick-start the September quarter earnings reporting season for constituents of the benchmark Straits Times Index (STI) tomorrow. Keppel Corp will follow suit next week, releasing their earnings on 19 October. CapitaLand Mall Trust and CapitaLand Commercial Trust will release their results on 20 October.
Investors can subscribe to the weekly Economic Calendar (click
here) for confirmed schedules of other STI component stocks closer to the event.
The table below details the confirmed and estimated dates for earnings releases of STI constituent companies, sorted by date.
Source: Bloomberg & SGX (data as of 9 October 2017)
Comparative Performance of Regional Benchmark Indices
In the year-to-date, the Straits Times Index (STI) generated a total return of 17.6%, above the average of 15.1% for regional indices in SGD terms. The STI also maintained the highest average dividend indicated yield as compared to its regional peers.
Source: SGX, Bloomberg & SGX (data as of 9 October 2017)
The simple average total return of the 30 constituents was 17.7% in the year-to-date, and they have a median Return on Equity (ROE) of 9.7%. They averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 15.7x and 2.4x respectively, and a ROE of 15.9%*. The 30 stocks also maintain an average dividend yield of 3.5%.
The table below details the 30 constituents, sorted by market capitalisation. Click on each stock to visit its profile page on SGX StockFacts.
* Note that StarHub, Singapore’s second-largest telecommunications operator, has the highest ROE of 143.2% in the STI. This is due to the fact that its shareholders’ equity at the group level is lower than at the listed company level following the adoption of merger accounting in July 2002, when the shares of cable TV provider SCV were acquired and consolidated into the StarHub Group. It is not included in the calculation of the average ROE. Source: SGX, Bloomberg & SGX (data as of 9 October 2017)
Did You Know?
The STI is the most globally recognised benchmark index and market barometer for Singapore. With a history dating back to 1966, it tracks the performance of the 30 largest and most liquid companies listed on SGX. The 30 constituents are free-float weighted to ensure that only the investable opportunity set is included within the index. The combined market capitalisation of the STI stands at S$583 billion.
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