Author: SGX My Gateway

Highlights of Gold Opportunities on SGX

SGX offers investors opportunities to participate in the gold sector through three mining stocks – Wilton Resources, CNMC Goldmine and Anchor Resources – and one Exchange Traded Fund, the SPDR Gold Shares ETF. Spot gold has fallen over 4% since hitting a one-year high of US$1,349.22 on 7 September 2017, which reduces its YTD gain to 12%. Bullion’s performance has been impacted by flagging investor interest after the recent surge in US equity markets, the focus on cryptocurrencies like Bitcoin, and as central banks began paring their stimulus policies. The World Gold Council has consistently flagged the diversification role...

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Keppel-KBS US REIT – US-Focused Office REIT Debuts on SGX

Keppel-KBS US REIT, a US-focused office REIT, made its trading debut on the Mainboard today. It has an initial portfolio of 11 freehold office properties across seven key markets in the US. In its IPO prospectus, it has identified some drivers for the US office real estate market which include stable US economic growth trajectory, favourable outlook in the office real estate sector, and continued interest in office real estate investments. Prior to Keppel-KBS US REIT’s IPO, SGX lists a total of 41 REITs and property trusts with a combined market capitalisation of S$85.9 billion. The 41 REITs and...

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Strong Earnings Sees IT Sector Grow Two-Thirds in 2017 YTD

A re-rating of the global Information Technology (“IT”) Sector took place earlier this year, which has seen Singapore’s IT Sector grow by two-thirds, from a combined market capitalisation of S$9.7 billion to S$16.1 billion.   The 10 largest IT stocks averaged a 95% price gain (with the median gain at 96%) for the 2017 YTD. The 10 stocks that saw the greatest price gains were Hi-P International and Micro-Mechanic Holdings, with Venture Corp and Valuetronics Holdings generating similar gains.   Three of the 10 largest IT stocks have reported for the Sep 17 quarter. For the quarter, Venture Corp reported...

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Real Estate Managers & Developers Led the STI in 2017 YTD

Following average price declines of 2.2% in 2016, the five Real Estate Management and Development constituents of the Straits Times Index (STI) have averaged a 38.4% price gain in the 2017 YTD. The Urban Redevelopment Authority (URA) recently reported prices of private residential properties officially increased by 0.7% in 3Q17, compared with the 0.1% decline in 2Q17. This was the first quarterly gain for this property price index since 3Q13.  Real estate services provider, APAC Realty, which operates in Singapore under the ERA brand, debuted on the Mainboard on 28 Sep. From its IPO price at S$0.660,  the stock...

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10 Biggest US Exposure Plays Generated 35.6% YTD Weighted Returns

US 3Q GDP will be released on Oct 27 (Fri). Focus will be on economic impact from hurricane Harvey and Irma, President Trump’s push for US tax reforms and decision on the Federal Reserve Chair replacement. The 10 largest capitalized stocks with at least 20% of their revenue from US have averaged a market capitalisation-weighted total return of 35.6% in the year to date. This compares with the Dow Jones Industrial Average and S&P 500 Index’s 13.2% and 9.2% respectively in SGD terms.  The six non-inverse US equity ETFs listed on SGX have averaged a total return of 12.5% in...

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Highlights of Catalist Stocks with Strongest 5-Year Market Cap Growth

Singapore Medical Group, a private specialist and primary healthcare provider in Singapore, registered a market capitalisation growth of 17.4 times, with its market cap rising from S$16.0 million to S$278.0 million in 5 years. Moya Holdings Asia, one of leading private players in Indonesia’s water treatment industry, registered a market capitalisation growth of 8.6 times, with its market cap rising from S$32.1 million to S$274.5 million in 5 years. 800 Super Holdings, an established environmental services provider for public and private sectors in Singapore, registered a market capitalisation growth of 6.4 times, with its market cap rising from S$34.9...

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September Quarter Earnings Schedule for S-REITs

SPH REIT kicked off the September quarter financial reporting season for the 36 constituents of the SGX S-REIT Index, reporting its fiscal 4Q 2017 results. Soilbuild Business Space REIT and Keppel DC REIT have followed suit with their fiscal 3Q 2017 results. The SGX S-REIT Index generated a total return of +21.2% in the year-to-date, outperforming the S&P Asia Pacific REIT Index and MSCI World REIT Index, which generated total returns of -0.7% and +1.5% respectively in SGD terms. The 36 trusts averaged a year-to-date total return of +21.4%, while maintaining an average distribution yield of 6.4%. Of these...

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Catalist Stocks Offer Diversity Across Sectors and Geography

Approximately one-fifth of Catalist companies generate at least half their revenue from ASEAN (excluding Singapore). With its geographical proximity, ASEAN is expected to be a key beneficiary and bridgehead of OBOR as it sees more infrastructure developments, increased trade and regional connectivity.  All 11 GICS® sectors are well-represented on the Catalist board, with wider diversity on the Industry level, providing investors with the opportunity to invest in a wide range of businesses or industries.  In the recent years, there were many “firsts” and niche industry segments to list on Catalist. Examples include the first coffee shop operator (Kimly Limited)...

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STI September Quarter Earnings Schedule

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%*....

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Pure-Play Real Estate Broker APAC Realty Debuts on SGX

APAC Realty, a market-leading Singapore-based real estate brokerage, made its trading debut on the Mainboard today. It has three main business segments – Real Estate Brokerage Services, Franchise Arrangements, and Training, Valuation & other Ancillary Services.  Singapore’s primary residential market (excl. ECs) transaction volume is forecast to grow at a CAGR of 5.6% from 2017 to 2021. Government policies, steady population income growth, and limited supply of residential units are some potential drivers for the industry.  APAC Realty intends to recommend and distribute dividends of at least 50% of net profit after tax (ex. Exceptional items) for FY17 and...

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Ten Largest Catalist Stocks Outperformed STI Benchmark in YTD

Catalist, a platform for smaller-sized yet fast-growing enterprises, celebrates its 10th year anniversary. It has doubled its size in the past decade, listing 197 stocks with a combined market capitalisation of S$11.6 billion today. Fund-raising activities on Catalist have also accelerated in recent years. In the past five years, IPO market capitalisation has grown over 140%, and initial funds raised were nearly 180% larger compared to the platform’s initial five years after it was established.  The 10 biggest Catalist stocks have a market capitalisation-weighted average price return of +35.2% in the YTD, outperforming STI’s +12.4%. The five best performing...

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Tech Sector Led in Sep, Venture now Biggest Stock in the STI Reserve List

The IT Sector was the strongest of Singapore’s Sectors in September, with market capitalisation weighted total returns of 3.9%. This was followed by the Energy Sector with a 2.6% return and the Consumer Discretionary Sector with a 1.1% return. Overnight, SIPMM reported that Singapore’s electronics cluster’s PMI posted a reading of 53.6 in September, up from August’s reading of 53.2, its 14th straight month of expansion and the highest recorded reading since July 2010. In addition to being the largest capitalised stock of the IT Sector, Venture is currently the biggest stock on the STI Reserve List by full...

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This Week’s ETF Focus includes APAC REIT Dividend-Plays

The Phillip SGX APAC Dividend Leaders REIT ETF is distributing 2.05 US cents per unit with an ex-dividend date of Friday 29 Sep while the NikkoAM-StraitsTrading Asia ex Japan REIT ETF will distribute 1.128 SGD cents per unit with an ex-dividend date of Monday 2 Oct.  Both these REIT-focused ETFs have outperformed the MSCI World Equity REITs Index from their respective inception dates. The Phillip SGX APAC Dividend Leaders REIT ETF listed in Oct 2016 and the NikkoAM-StraitsTrading Asia ex Japan REIT ETF listed in Mar 2017.  Other relevant ETF highlights included Chancellor of Germany Angela Merkel winning her...

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UnUsUaL & Kimly have Biggest Weights in FTSE Catalist Index

With effect from this week, more than a dozen stocks were added to the FTSE ST Catalist Index. Two of these entrants  – UnUsUaL and Kimly – now maintain the highest and second highest weights within the Index. UnUsUaL was listed in April 2017, has gained 137.5% from its initial offer price and maintains a 6% weight in the Index. Kimly was listed in March 2017, has gained 46% from its initial offer price and maintains a 5% weight in the Index. Aspen (Group) Holdings, which listed in July 2017, is now the fifth biggest weight of the FTSE...

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China-Focused Materials Stocks Led Sector’s YTD Gains

The Materials Sector has been Singapore’s second best performing Sector in the 2017 YTD with   a market capitalisation-weighted average price gain of 31%.  This compared to a 10% gain for the MSCI World Materials Index. The YTD median gain of Singapore’s 10 largest capitalised Materials stocks was 5%, with a much higher average gain of 54%. Meanwhile, Singapore’s 10 largest capitalised Materials stocks that report the majority of their revenue to China generated a YTD median gain of 44% and average gain of 87%. As many as seven of Singapore’s 10 largest capitalised Materials stocks with a China revenue...

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