Author: SGX My Gateway

Highlights of High-Yielding Billionaire Stocks

There are 37 primary-listed stocks on SGX with a market capitalisation of above S$1 billion and dividend yields above 4%. These stocks averaged a total YTD return of 19.1% and a yield of 6.1%.  Of the 37 stocks, the five best performers in the YTD were Hi-P International (+183.8%), CDL Hospitality Trusts (+31.6%), Frasers Centrepoint (+29.7%), Lippo Malls Indonesia Retail Trust (+25.3%) and Mapletree Logistics Trust (+25.3%). The four highest yielding stocks are Hi-P International (13.8%), Lippo Malls Indonesia Retail Trust (8.1%), Hutchison Port Holdings Trust (7.7%), and Frasers Commercial Trust (7.1%), with an average yield of 9.1%. The...

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Manufacturing Pillars of the Capital Goods Industry

Singapore’s Purchasing Manufacturing Index (PMI), a key barometer of the Singapore manufacturing economy, has recorded 11 consecutive months of expansion. Singapore’s 20 largest capitalised stocks that represent manufacturing segments of the Capital Goods Industry have averaged a 37% price gain in the 2017 YTD, compared to an average 11% gain for the 20 largest of these stocks listed across Asia Pacific.  The three best performers among these 20 Capital Good stocks in the 2017 YTD were Starburst Holdings, Frencken Group and Yangzijiang Shipbuilding Holdings. All three stocks reported significant YoY growth in 1HFY17 net profit attributable to shareholders.  ...

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Singapore REITs Average 18% YTD Distribution-Inclusive Returns

All 31 of Singapore’s REITs with property assets, in addition to the six Stapled Trusts have averaged a 17.6% total return for the 2017 year through to 4 August. Total returns ranged from 8.0% for Fortune REIT to 30.0% for CDL Hospitality Trusts.  Institutions have been net buyers of  the GICS® REIT Industry for the past four consecutive months, with cumulative inflows totaling S$133.6 million. SGX also lists two REIT ETFs – the Phillip SGX APAC Dividend Leaders REIT ETF (click here) and NikkoAM-StraitsTrading Asia ex Japan REIT ETF (click here) which were listed on SGX in October 2016...

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Technology Ranked as Singapore’s Strongest Sector in July

Information Technology (“IT”) was Singapore’s best performing Sector in July, with a 5.3% market capitalisation weighted total return. For the first seven months of 2017, the IT Sector’s indicative return came to 47.7%. The 10 largest capitalised stocks of the IT Sector have also averaged a 47.9% total return in the first seven months of 2017, with performances ranging from a 101.0% gain for Hi-P International to a 2.6% gain for GP Industries. Over the last seven months, net institutional inflow into the IT Sector totalled +$65.2 million, which was the third highest sectoral net inflow after Financials at...

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July Sees S$26.7 Million Worth of Share Buybacks, Down 48% MoM

More than 23 million shares were repurchased by 17 companies in July, with total buyback consideration at S$26.7 million. This was down 48.1% from $51.5 million in consideration for June 2017. The five stocks with the largest buyback consideration value in July included one STI stock. The five stocks were Oversea-Chinese Banking Corp (OCBC), Cordlife Group, Bumitama Agri, Singapore Post and Duty Free International. For a fifth consecutive month, OCBC had the highest buyback consideration in the month, taking the total number of shares purchased on the 12-month mandate effective 28 April to 8.2 million. In the month of...

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Changing Landscapes in the Singapore Retail Property Market

Singapore retail space vacancy rose to 7.7% in 1Q17 despite a 2.9% QoQ decline in price rentals. However, impact of retail headwinds may not be evenly felt across all malls. New supply of retail malls largely located in Outside Central Regions, in line with the government’s plan of decentralised business districts and growth of regional centres. SGX lists 12 Retail REITs & Property Trusts which have retail properties within their asset portfolios with a combined market capitalisation of S$30.9 billion. These 12 trusts have generated a market cap weighted average total return of 16.2% in the YTD and have...

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STI at Two-Year High, 15% YTD Gain Led by Developers & Banks

The STI opened this week at 3307, after trading above the 3300 level last week for the first time since July 2015. The STI has generated a 15% price gain in the 2017 YTD, which compares to an average of 9% for the US, Japan & Hong Kong benchmarks.  STI gains have been led by the Real Estate and Bank Sectors, representing seven of the eight top performing YTD STI stocks. Yangzijiang Shipbuilding Holdings has been the STI’s best performing stock in the 2017 YTD, a turnaround from being the STI’s least performer in 2016. More 2H17 outlooks on...

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Singapore Office Property Market Stabilising Despite Headwinds

1Q17 office space vacancy rates peaked at 11.6%, highest in five years. Office rental rates continue to decline and Grade A office rents stabilising QoQ, indicating signs of stabilisation in office rental rates. Office space supply is expected to peak in 2017 and taper off in the next few years. CBRE Research believes that sentiment has swung from pessimism to optimism as investors forecast a period of relatively modest supply over the next few years.  SGX lists six Office REITs (GICS®) with a combined market capitalisation of S$12.8 billion. These 6 trusts have generated a market cap weighted average...

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Green Shoots Emerge Despite Challenging Industrial Property Market

Singapore’s industrial property market remains challenging as industrial space supply is expected to peak in 2017, before tapering off in the next few years. Green shoots in manufacturing activity data, and the Singapore government’s economic shift, coupled with its focus on higher value-added businesses, bode well for industrial property demand. SGX lists 11 REITs & Property Trusts which have industrial properties within their asset portfolios. These 11 trusts have generated an average year-to-date total return of 19.0%. Real Estate Sector Sub-Segment: Industrial Property Market Industrial Segment Still Challenging but Supply Peaking in 2017 URA data shows that Singapore’s industrial...

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Singapore Private Property Market Shows Signs of Stabilising

Singapore’s private property market appears to be stabilising as URA’s 2Q17 flash estimates show smallest QoQ price decline of private residential property prices since 4Q13. YTD average monthly primary private home sales volumes are also 74.6% higher YoY. Existing property cooling measures are likely to remain despite recent calibrated adjustments. In the medium term, MAS believes that Singapore’s property prices should be aligned with broader income trends in the local economy. SGX lists six Real Estate Management & Development (GICS®) stocks with market capitalisation above S$1 billion that have substantial exposure to the Singapore property market. These six companies...

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June Quarter Earnings Schedule for S-REITs

Tomorrow, SPH REIT will kick off the June quarter financial reporting season for the 36 constituents of the SGX S-REIT Index, reporting its 3Q fiscal year 2017 results. ESR REIT and Soilbuild Business Space REIT will report their 2Q fiscal year 2017 results later this week.  The SGX S-REIT Index generated a total return of 16.2% in the year-to-date, outperforming the S&P Asia Pacific REIT Index and MSCI World REIT Index, which generated total returns of -2.7 % and -2.9% respectively in SGD terms. The 36 trusts averaged a year-to-date return of 16.9%, while maintaining an average distribution yield...

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SGX Real Estate Index Returned 19.5% YTD on Positive Indicators

The SGX Real Estate Index, a benchmark for Singapore’s Real Estate Sector, has returned 19.5% in the YTD. Domestic private home prices have shown signs of stabilisation in recent months, with a pick-up in primary transaction volumes.   There are 104 Real Estate companies (diverse across assets) with a combined market capitalisation of almost S$190 billion listed on the SGX. Some key drivers for the sector include population growth, government cooling measures, land supply and interest rates. Post the YTD rally, sector valuations remain below their long-term historical average. Singapore property developer stocks are trading at PB ratio of 0.75x...

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S$51 Million Worth of Share Buybacks in June – Highest in Nine Months

More than 13 million shares were repurchased by 18 companies in June, with total buyback consideration at S$51.5 million. This was up 5.9% from S$48.6 million in consideration for May 2017. The five stocks with the largest buyback consideration value in May included two STI stocks. The five stocks were Oversea-Chinese Banking Corp (OCBC), SIA Engineering Company, Singapore Post, Hi-P International and Telechoice International. For a fourth consecutive month, OCBC had the highest buyback consideration for the month, taking the total number of shares purchased under the 12 month mandate (effective 28 April) to 7.2 million shares. In the...

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10 Biggest Stocks of the FTSE ST Fledgling Index

The FTSE ST Fledgling Index consists of close to 250 stocks with an average market cap of S$110 million. In 2017 YTD, the FTSE ST Fledgling Index has generated a 12.4% price gain, similar to the STI which has gained 11.4%. The 10 biggest FTSE ST Fledgling Index weights as of the end of 2016 have also averaged a 12.4% price gain in 2017 YTD. Of these 10 stocks, six stocks – Poh Tiong Choon Logistics, Tianjin ZhongXin Pharmaceutical Group Corp, MYP, CSE Global, Singapore Reinsurance Corp and Sunningdale Tech – are still amongst the 10 biggest Index weights....

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STI’s Strongest Stocks & Segments in 2017 YTD

In the 2017 YTD Yangzijiang Shipbuilding was the best performing STI stock with a 45% price gain, after ranking as the STI’s least performer in 2016.  At the same time, the STI’s least performer in the 2017 YTD, Golden Agri Resources, was the best performing STI stock in 2016.  The STI’s five Real Estate Management and Development stocks have averaged a 24% price gain in the year-to-date, with three of the stocks making the top five performing STI stocks in the 2017 year-to-date. Yanlord Land, which recently joined the STI Reserve List has gained 35% in the 2017 YTD....

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