Recent Resilience of the Capital Goods Industry

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Stocks categorised to the Capital Goods Industry are involved in a wide range of manufacturing and distribution activities. The majority of Singapore’s 20 biggest Capital Goods stocks have business activities that span across Asia. Singapore lists the third biggest Capital Goods stock in Asia Pacific – Industrial Conglomerate, Jardine Matheson Holdings, which re-joined the STI in November. Over … [Read more...]

Retail REITs Led Sector Performance in Recent Years

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Singapore’s REIT Sector has averaged a 2.1% YTD gain, taking the average 12-month total return to 13.2%. The Bloomberg Asia REIT Index performed similarly with a 0.8% YTD gain, and 12-month 12.3% total return. Retail REITs have been the best-performing of the biggest REIT segments in 2017 YTD, in addition to the last three years, with average 36.7% total returns. The Retail REITs also maintain … [Read more...]

SGX Real Estate 20 Index Began 2017 with Broad-Based Gains

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All constituents of the SGX Real Estate 20 Index generated positive gains in the first five sessions of 2017; returns of the 20 stocks averaged 3.7%, taking average 12 month total returns to 14.6%. The SGX Real Estate 20 Index makes up one-tenth of the total market capitalisation of all stocks listed on SGX. The Index includes the eight Real Estate plays within the STI, in addition to three of … [Read more...]

10 Biggest Mid Cap Index Constituents Averaged 16% Returns in 2016

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The FTSE ST Mid Cap Index is made up of 40 mid-capitalised stocks with a combined market capitalisation of S$100 billion. Like the larger capitalised STI, it is a free float-adjusted market capitalisation-weighted Index. For the 2016 year, the FTSE ST Mid Cap Index generated a 6.5% total return, taking its five-year total return to 44.5%. The 10 biggest weights of the Index have averaged a … [Read more...]

Consumer Staples Sector Surged 26% in 2016

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In 2016, Singapore’s Consumer Staples Sector surged 25.8% on a capitalisation-weighted total return basis. There was a degree of consistency in the returns of the 10 biggest stocks of the Sector with total returns averaging 28.9%.   Among the 10 biggest stocks of the Consumer Staples Sector, the three best performers were Japfa, Super Group & GAR. For the nine months ending 30 Sep 2016: … [Read more...]

YTD Performance Highlights of FTSE ST Small Cap Index Constituents

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The FTSE ST Small Cap Index is a free float-adjusted, market capitalisation-weighted index representing the performance of small-capitalised companies listed on the SGX Mainboard. A component stock of the FTSE ST Small Cap Index has an average market capitalisation of S$563 million. In the YTD, the five best-performing constituents of the FTSE ST Small Cap Index were Best World International … [Read more...]

FTSE ST Mid Cap Index Extended 5 Yr Gain to 46% in 2016 YTD

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The FTSE ST Mid Cap Index is a free float adjusted market-capitalisation weighted index representing the performance of the mid-capitalised companies trading listed on the SGX Mainboard. The average market capitalisation of a FTSE ST Mid Cap Index constituent is S$2.5 billion. With no changes at the most recent rebalance, effective today’s open, there remains 40 constituents in the FTSE ST Mid … [Read more...]

Growth of Singapore’s Coal Mining Stocks

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Singapore lists four Coal mining plays - Golden Energy and Resources, Geo Energy Resources, Resources Prima Group and BlackGold Natural Resources. All four stocks mine thermal coal - used to generate electricity, with mining conducted in Indonesia, and all companies report in US Dollars. The YTD returns of the four Coal miners have been mixed, with average returns of 1% in the 2016 year thus … [Read more...]

Consumer Sector Spotlight Continued Into Early December

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While the STI generated a total return of 4.4% in the first 11 months of 2016, the three STI Consumer Staples Stocks averaged a 27.2% total return and the three STI Consumer Discretionary Stocks averaged a 15.2% total return. Last week two Consumer Staples stocks - Bumitama Agri and Dairy Farm International Holdings, and two Consumer Discretionary stocks - Parkson Retail Asia and Genting … [Read more...]

SGX Institutional Fund Flow Monthly Tracker

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Sector Returns and Institutional Fund Flow Shifts Banks, Materials and Consumer Discretionary total returns paced overall Singapore stock market in November In the month of November, the market capitalization weighted total returns for the overall Singapore stock market was at +1.8%, which compares with the Straits Times Index (STI) +3.3%. By sector*, the market was paced by Banks … [Read more...]

SGX MOE Index Gains 12.5% in a Month as Crude Rallies on OPEC Cuts

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The SGX MOE Index gained 12.5% in the past month, mainly due to crude prices which rallied 16.4% after OPEC announced production cuts. The five best-performing SGX MOE Index constituents are Ezion Holdings (+26.7%), IEV Holdings (+24.5%), Vard Holdings (+22.4%), AusGroup (+22.0%) and Yangzijiang Shipbuilding (+16.6%). These five stocks averaged 22.4% total return in the past month.   The SGX … [Read more...]

Real Estate Plays Feature in November’s Volume Leaders

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The month of November saw six different sectors represented among the 10 most actively traded stocks with the biggest volume increases.  Almost half of the 10 most actively traded stocks were real estate plays. They comprised two REITs – AIMS AMP Capital Industrial REIT and Manulife US REIT, one Real Estate Developer  – GSH Corporation, and one Real Estate Operating Company – Global Logistic … [Read more...]

Semiconductors Continue to Power Singapore’s Manufacturing Output

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Output from Singapore’s semiconductors sector (accounting for 17% of total manufacturing activity) increased 41.7% YoY in October 2016, building on the 35.9% expansion seen in September. The global semiconductor industry also saw resurgent sales momentum. Singapore-listed semiconductor stocks averaged a total return of 21.3% in the year-to-date, outperforming the FTSE ST All Share Index’s 5.2% … [Read more...]

Consumer Staples Sector Resilient Despite Flight to Cyclicals Post Election

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Singapore's stock market has seen mixed returns across sectors post US-elections, with evidence of sector rotation to cyclical plays from less cyclical stocks. Singapore’s Consumer Staples Sector has remained relatively resilient despite its defensive nature, averaging a total return of 0.9% in the month-to-date, in line with STI’s 1.0%, but outperforming the MSCI AC Asia Pacific Consumer … [Read more...]

S-REITs Trading at Discounts to Historical Median Book Values

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Post-US elections, the SGX S-REIT Index has corrected 4.5%, underperforming the flat performance of the benchmark Straits Times Index (STI), but in line with that of the MSCI World REIT Index, largely due to rising expectations of an interest rate hike by the Fed next month. Post-correction, the SGX S-REIT Index now trades at 0.92x its book value, with 17 constituent REITs trading below the … [Read more...]

Key Maritime Plays Gained 5% on Wednesday

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On Wednesday, trading volume of COSCO Corporation (Singapore) was almost triple its three month average volume, and trading volume of Yangzijiang Shipbuilding Holdings was more than double its three month average volume. On the close, the two stocks delivered respective session gains of 5.9% and 5.2%. These two stocks are two of four stocks that make up the FTSE ST Maritime Index. The … [Read more...]

Singapore Banks averaged 4.1% Gain over Past Six Sessions

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Singapore’s three listed banks, DBS, OCBC and UOB averaged a marginal gain yesterday amidst declines in the broader markets. This was on the back of a 4.0% average gain last week, in contrast to the Bloomberg Asia Pacific Banks Index gain of 3.4%. Last week’s combined turnover of the three banks was more than double the preceding week. The average daily combined turnover of the three banks for … [Read more...]

ETF Performance Highlights During, Post-US Elections

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The unexpected election of Donald Trump as US President has sparked increased volatility and uncertainty in global markets this week. A Trump victory initially triggered a knee-jerk collapse in stock market futures and a surge in gold prices as investors fled to haven assets, but since then, global equity and commodity markets have registered mixed performances. The three most active ETFs on … [Read more...]

Gold Mining Trio Averaged 5% Session Gain on Wednesday

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The three SGX-listed gold mining stocks have averaged 4.6% gain on Wednesday, ranging from +2.9% for Anchor Resources to 5.9% for Wilton Resources.   All three SGX-listed gold mining stocks are at different stages of exploration and production and have all provided recent updates to their operations in the past fortnight. The SPDR® Gold Shares ETF gained 0.9% (1.5% in SGD) yesterday, bringing … [Read more...]

Singapore Healthcare Sector Outperforms Regional Benchmark in YTD

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The SGX All Healthcare Index has generated a 6.4% total return in the year-to-date, and maintains a dividend yield of 5.9%. This compares with the MSCI AC Asia Pacific Asia ex-Japan Health Care Index, which has declined 2.4% in Singapore dollar terms over the same period, and maintains a yield of 1.2%. The three best-performing components of the SGX All Healthcare Index are Singapore Medical Group … [Read more...]