Significant Expansion of Singapore’s Coal Mining Stocks

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The number & combined market cap of SGX listed stocks focused on thermal coal mining in Indonesia has grown fourfold over the past three years. Following Geo Energy’s listing in 2012, three RTOs have seen Resources Prima Group, BlackGold Natural Resources and Golden Energy and Resources list on SGX. Two of these four stocks - Geo Energy Resources & BlackGold Natural Resources - have … [Read more...]

Technology Hardware Stocks form a Firm Foundation for Industry 4.0

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Singapore Manufacturing Sector represents 20% of Singapore’s 2016 GDP. The Government is focusing on key growth areas such as advanced manufacturing and Industrial IoT. SGX’s Technology Hardware companies form a firm foundation for the paradigm shift to Industry 4.0. These companies are mostly cash-generative and dividend payers. The 10 highest yielding stocks within the Technology Hardware … [Read more...]

Recent Corporate Activities of Gold Mining Stocks

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Singapore’s trio of gold plays have averaged an 3% return in the 2017 year to date. The three miners, CNMC Goldmine Holdings, Wilton Resources Corporation and Anchor Resources are in different stages of the gold exploration, development and production. CNMC Goldmine Holdings recently completed a subscription of 51% of the shares in the enlarged share capital of Pulai Mining Sdn.Bhd. Pulai … [Read more...]

Expectations of March Fed Hike Near 100%

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Expectations of a March Federal Reserve rate hike are near 100% as economic data strengthens. Federal Reserve policy rate decision expected on Thursday, 2.00AM, Singapore time.  Cyclical sectors typically have strongest positive correlations to a rising interest rate environment. Singapore banks have generated an average total return of 17.8% (vs STI’s 12.2%) since 8 Nov-16, on the back of … [Read more...]

Average 19% YTD Gain in Key Mining Stocks

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SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD. Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an … [Read more...]

Ascendas REIT is now Singapore’s Largest Capitalised REIT

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Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT in the YTD with an 11.9% total return. The capitalisation of Singapore’s REIT Sector has almost doubled over the past five years. Singapore’s REIT Sector also maintains a competitive edge with higher average yields and lower average gearing ratios than … [Read more...]

Highlights of Yangzijiang Shipbuilding, Sembcorp Marine & Ezion Holdings

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Yangzijiang Shipbuilding, the largest private shipbuilder in China, has registered a total return of +20.3% year-to-date. Sembcorp Marine, a global leader in marine & offshore engineering solutions, has total returns of +38.0% year-to-date. Ezion Holdings, the largest offshore services provider listed on SGX, has total returns of -1.3% on a year-to-date basis. The stock, however, has … [Read more...]

Industrial REITs generated a total return of +8.2% YTD (STI +8.1%)

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Industrial REITs in the SGX S-REIT index generated a total return of +8.2 YTD (SGX S-REIT Index +6.0%), similar to the Straits Times Index’s (STI) +8.1%. The sub-industry forms the largest share in the SGX S-REIT index with 8 members and a total weightage of 26.5%. The top three performing Industrial REITs in the YTD are Sabana Shari'ah Compliant Industrial REIT (+18.4%), Ascendas REIT … [Read more...]

Rising Government Spending Bodes Well for Healthcare Sector

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The SGX All Healthcare Index generated a total return of 16.2% over the past 12 months, outperforming the MSCI AC Asia Pacific Ex Japan Healthcare Index and the MSCI World Healthcare Index, which generated total returns of -0.5% and 10.4% respectively. The five best-performing stocks in the SGX All Healthcare Index excluding International Healthway Corporation are Talkmed Group (+35.8%), … [Read more...]

Electronic Components Stocks Shine as Exports Gain Momentum

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Singapore’s Electronics exports rose 6.1% to S$4.3 billion in January 2017 from the same period a year ago. This rising trend in Singapore’s electronics exports generally bodes well for the Electronic Components sub-segment. The Electronic Components sub-industry was among best performing sub-sectors in Singapore’s IT industry, generating average total returns of 31.7% and 66.7% in the … [Read more...]

Highlights of Singapore’s 10 Largest OSV Players

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Singapore’s 32 Offshore Supply Vessels (OSV) stocks have rebounded 17.2% in the year-to-date in tandem with the recent oil price rally. OSVs are one of the key beneficiaries of a crude oil price recovery. The 10 biggest OSV stocks listed on SGX have averaged a YTD total return of 28.9%, against total returns of 0.9% for the SGX MOE Index, a benchmark for the MOE Sector. Despite the rally, … [Read more...]

Real Estate Sector Outperformed in the Year to Date

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SGX’s Real Estate Developers and Operators have returned 12% YTD, outperforming the STI’s +8%. Despite the rally, the price-to-book ratio of the Sector is still trading near one standard deviation below its historical mean. Potential drivers for the Singapore property market exist on both the supply and demand front. The biggest Real Estate Developer stocks with substantial Singapore exposure … [Read more...]

SGX S-REIT 20 Index Registered Total Returns of 6.2% in YTD

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Benchmark SGX S-REIT 20 Index returned 6.2% in the YTD. Retail and Industrial REITs were the outperforming sub-segments Key metrics from Oct-Dec quarter earnings suggest weaknesses in office property, while the Industrials and Retail segments remain relatively resilient. Within the Index, Retail REITs were the best-performing sub-segment with a market capitalisation-weighted total return of … [Read more...]

Recent Moves of Singapore’s Biggest Shipyards Stocks

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Singapore’s largest capitalised stocks that operate shipyards are Keppel Corp, Sembcorp Marine and Yangzijiang Shipbuilding. The three stocks have averaged a 5.9% YTD gain (as of 3 Feb 2017) in line with STI’s +5.8%. Despite oil price recovery, outlook for shipyards remains challenging with excess yard capacity. Resilience through cost and balance sheet management is key. Of the three … [Read more...]

Sector Returns and Institutional Fund Flow Shifts

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Industrials, Real Estate Developers, and Energy total returns paced overall Singapore stock market in January. In the month of January, the market capitalization weighted average total returns for the overall Singapore stock market was at +4.5%, which compares with the Straits Times Index (STI) +5.8%. By sector*, the market was paced by Industrials (+7.5%), Real Estate Developers (+7.5%) and … [Read more...]

STI is Asia’s Strongest Benchmark in 2017 YTD

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The STI has generated a 5.6% gain in the year thus far (as of this afternoon), compared to an average 2.5% return for the Nikkei 225 and Hang Seng Index, and an average 1.0% return for the FTSE Malaysia KLCI, Stock Exchange of Thailand SET Index and the Jakarta Composite Index. The five strongest STI stocks in the 2017 year through to the Lunar New Year Holiday were Global Logistic Properties … [Read more...]

Futuristic: A Consumer Proxy With a Dash of Quirky

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Construction industry veteran David Low believes the future revolves around crazy ideas - bold, off-the-wall concepts that can help businesses make a quantum leap forward and remain relevant in a changing world. With this in mind, the founder and Chief Executive Officer of Singapore-based Futuristic Store Fixtures Pte Ltd aims to hire more millennials, a generation with a penchant for the wacky … [Read more...]

CAO Hits Energy, Aviation Sweet Spots

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The Chief Operating Officer of Mainboard-listed China Aviation Oil adheres to a strict code of ethics, and can be a contrarian of sorts. A seasoned trader, Jean Teo is known to be a straight shooter. "As senior management, there's a need to stand firm and say 'No', even to the boss - I know this is uncommon in a Chinese-run firm, but it's important to do what is right," Teo said with a … [Read more...]

Singapore Healthcare Stocks Kick Off 2017 on Strong Note

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The SGX All Healthcare Index has generated a 0.7% total return in the January MTD, following a total return of 6.0% in the 2016 calendar year. This brings its five-year annualised total return to 11.2%. The 10 best-performing constituents of the SGX All Healthcare index averaged MTD and one-year total returns of 9.8% and 22.2% respectively. These stocks outperformed the 10 largest Healthcare … [Read more...]

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...]