• In the 2018 YTD, the five best-performing constituents of the FTSE ST All-Share Index in terms of total returns were: China Sunsine Chemical Holdings (53.3%), Best World International (39.4%), Venture Corp (37.3%), Cosco Shipping International (26.7%) and Hi-P International (23.0%).
  • These five constituents averaged a YTD total return of 35.9%, bringing their total return over the last 12 months to 139.7%. In comparison, the All-Share Index and the benchmark STI have generated total returns of 0.6% and 1.1% respectively in the YTD.
  • In the YTD, the five least-performing constituents of the All-Share Index in terms of total returns were: StarHub (-19.3%), Yoma Strategic Holdings (-21.3%), Courts Asia (-21.5%), Hutchison Port Holdings Trust (-27.4%) and Noble Group (-61%).

The FTSE ST All-Share Index represents 98% of Singapore market capitalisation and is the aggregation of the FTSE ST Large & Mid Cap Index as well as the FTSE ST Small Cap Index.

In the 2018 year-to-date, the five best-performing constituents of the FTSE ST All-Share Index in terms of total returns were: Materials stock China Sunsine Chemical Holdings (53.3%), Consumer Staples play Best World International (39.4%), IT company Venture Corp (37.3%), Industrials stock Cosco Shipping International (26.7%) and IT play Hi-P International (23.0%).

These five constituents averaged a YTD total return of 35.9%, bringing their total return over the last 12 months to 139.7%.

In comparison, the All-Share Index as a whole and the benchmark Straits Times Index (STI) have generated total returns of 0.6% and 1.1% respectively over the same period. Investor sentiment last month was impacted by concerns over trade war tensions between China and the United States.

In the year thus far, the five least-performing constituents of the All-Share Index in terms of total returns were: Telecoms Services provider StarHub (-19.3%), Real Estate developer Yoma Strategic Holdings (-21.3%), Consumer Discretionary stock Courts Asia (-21.5%), as well as Industrial plays Hutchison Port Holdings Trust (-27.4%) and Noble Group (-61%).

The table below details the five best-performing constituents of the FTSE ST All-Share Index, sorted by year-to-date total returns. Click on the stock name to view its profile in StockFacts.

Name SGX Code Market Cap S$M 29 March Closing Price Price Change YTD % Price Change 12M % Total Return YTD % Total Return 12M % Dvd Ind Yld % GICS Sub-Ind
China Sunsine Chemical Hldgs CH8 679 1.38 53.3 102.9 53.3 108.4 2.2 Materials
Best World Intl CGN 1,012 1.84 39.4 48.4 39.4 51.9 2.2 Consumer Staples
Venture Corp V03 8,065 28.11 37.3 148.8 37.3 158.7 2.1 Information Technology
Cosco Shipping Intl F83 1,064 0.48 26.7 58.3 26.7 58.3 N/A Industrials
Hi-P Intl H17 1,859 2.3 23.0 262.2 23.0 321.4 10.9 Information Technology
Average       35.9 124.1 35.9 139.7    

Source: SGX StockFacts & Bloomberg (Data as of 29 March 2018). *Note SGD Equivalents shown for Mandarin Oriental Intl quoted in USD.

The four strongest constituents of the All-Share Index have reported robust YoY earnings growth in FY2017, while the fifth – Cosco Shipping – has swung to a full-year profit from a year-ago loss. These fundamentals have underpinned the price performance of these stocks.

China Sunsine Chemical

On 28 February 2018, specialty rubber chemicals producer China Sunsine reported a 34% YoY increase in revenue to RMB2.74 billion, and a 54% YoY jump in net profit to RMB341.3 million, for the year ended 31 December 2017, driven by strong demand and significantly higher average selling prices.

Although prices are expected to normalise gradually as competitors invest more in environmental protection and safety production measures to maximise their capacity utilisation rates, China Sunsine remains confident of its profitability and outlook over the next 12 months. It expects to retain an edge over competitors based on its ongoing R&D investments and collaborations, as well as high quality and comprehensive range of products.

For the full financial results, click here.

Best World

On 26 February 2018, direct-selling company Best World reported a 61.0% YoY surge in attributable net profit to S$55.7 million for the full year ended 31 December 2017, while revenue jumped 10.0% YoY to S$220.9 million, driven by robust demand for its brand offerings in China, Singapore and other markets. In particular, the Group’s China sales almost doubled YoY to S$110.5 million.

In line with management’s expectation, the China market has leapfrogged to become Best World’s largest revenue contributor, and will remain the Group’s key growth driver going forward, the company noted. The Group is currently making the necessary applications to increase the geographical coverage of its direct selling licence beyond Hangzhou to other regions, and has commenced its expansion application, which includes the key cities of at least seven provinces, to be approved by the end of FY2018.

Barring any unforeseen circumstances, management expects to achieve higher revenue and profit for FY2018 as compared to FY2017, it added.

For the full financial results, click here.

Venture Corp

On 28 February 2018, electronics contract manufacturer Venture reported a record net profit of S$372.8 million for the full year ended 31 December 2017, up 106.3% YoY, while revenue reached a record S$4.0 billion, a gain of 39.3% YoY. It noted that the improved profitability was driven by higher value creation through engineering design, as well as development and operational excellence across several technology domains.

While the business environment is expected to remain volatile, Venture remains confident that it is well-placed to create significant value for its partners. The next leap forward, however, will entail more intensive preparation and investment in the development of new engineering and advanced manufacturing capabilities. In the meantime, the Group continues to grow an able and resilient talent pool, with strong technical, professional and leadership qualities, it added.

For the full financial results, click here.