Author: SGX My Gateway

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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Singapore’s REIT Sector Averaged 19% YTD Total Return

Singapore’s 31 REITs and six Stapled Trusts have averaged a 19% total return in the 2017 YTD. All these trusts have generated gains over the period which range from 5% for Fortune REIT to 34% for Sabana Shariah Compliant Industrial REIT.  Singapore REITs have a current gearing ratio limit of 45%. The 31 REITs and six stapled trusts average a 34.6% gearing ratio, which range from 25.6% for SPH REIT to 43.4% for Cache Logistics Trust. In addition to the type of property assets and geographical locations, varied gearing ratios may also serve as a differentiator for REIT Sector...

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Extensive Regional Linkages of the Consumer Sectors

Both the Consumer Discretionary and Consumer Staples Sectors have generated gains in the 2017 YTD, with Discretionary leading Staples. The majority of the biggest stocks that make up these Sectors report regional revenue. Consumer Discretionary heavyweight Dairy Farm International will join the FTSE ST Large & Mid Cap Index on 18 September. The eligibility of Dairy Farm for the STI will be assessed in March 2018, and will be based on comparative market capitalisation in addition to reviews of its liquidity, free float and shares in issue. This morning, Consumer Staples stock Del Monte Pacific reported 1QFY18 results. The...

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August’s IT Sector Gains Coincided with Strong Electronics PMI

The IT Sector was the strongest of Singapore’s Sectors in August, with market capitalisation weighted total returns of 11.7%. This was followed by the Industrial Sector with a 2.9% return and the Utilities Sector with a 2.6% return. SIPMM reported last night that Singapore’s electronics cluster’s PMI posted a reading of 53.2 in August, up from July’s reading of 52.2 and the highest recorded reading since November 2010.  The largest capitalised stock of Singapore’s IT Sector – Venture Corporation – will join the STI Reserve List on 18 September. With a market capitalisation of  S$4.5 billion, Venture makes up...

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GEAR, Geo Energy & BlackGold Reported 2QFY17 Revenue Growth

Golden Energy and Resources (“GEAR”), Geo Energy Resources and BlackGold Natural Resources have all generated share price gains in the 2017 YTD. This has coincided with the monthly Harga Batubara Acuan thermal coal price being set at a seven-month high on 7 August.  Two of these stocks reported significant profit growth in their 1HFY17. GEAR reported net profit of US$48.7 million in 1HFY17, up from US$1.7 million in 1HFY16. Geo Energy posted 1HFY17 net profit from continuing operations at US$24.6 million, up from US$1.4 million in 1H16.   BlackGold reported a net loss of US$2.8M in 1HFY17, with revenue...

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SGX Healthcare Index Outperformed Asian Benchmark in YTD

In the 2017 year-to-date, the SGX All Healthcare Index has registered a price gain of 2.7%, outperforming the MSCI AC Asia ex Japan Health Care Index’s 1.9% in Singapore dollar terms. The five best-performing index constituents have averaged a price return of 63.8% in the year-to-date: Suntar Eco-City (+113.3%), International Healthway Corp (+76.0%), STAR Pharmaceutical (+44.8%), Singapore Medical Group (+42.5%), and Healthway Medical Corp (+42.4%).  Many Singapore-listed healthcare providers are leveraging on the industry’s favourable demand trends, expanding into regional and/or global markets to meet growing patient needs. Among the 10 constituent stocks with the highest weightings in the...

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STI’s Recent Risk-Adjusted Returns Beat Regional Benchmarks

The STI generated a weighted 12.7% price return in the 2017 YTD, whilst generating a weighted 180 day annualised volatility of 8.5%. This is compared to an average of 7.3% in price return for the S&P/ASX 200, Hang Seng Index and the Nikkei 225 Index, with average 180 day annualised volatility of 12.1%. The STI’s 10 Industrial stocks have averaged 12.3% price returns in the 2017 YTD, marginally outpacing non-weighted average price returns of the 30 STI stocks at 12.1%. The marginal excess return came with a proportional level of added risk.  The STI’s Industrial stocks that generated the strongest...

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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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