Author: SGX My Gateway

Key Drivers of the Semiconductor Industry in 2018

Key Drivers of the Semiconductor Industry in 2018 Following comparatively strong performances in 2017, the 10 largest capitalised stocks that operate in, or maintain a service focus to semiconductor businesses have been more mixed in the 2018 YTD, averaging a 4% decline. This has brought the average 12 month total return of the 10 stocks to 19%, which compares to a 12% gain for Bloomberg Asia Pacific Semiconductors Index. The strongest of the 10 stocks over the past 12 months were AEM Holdings and Micro-Mechanics. Key drivers relevant to the industry include increased memory demand and proliferation of digital...

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Five Stocks with Manufacturing Focus Amongst Biggest Intraday Movers

Five Stocks with Manufacturing Focus Amongst Biggest Intraday Movers For the three months spanning March, April & May, non-STI stocks that consistently ranked amongst the biggest intraday tick ranges, with daily price ranges of more than 2.5%, included AEM Hldgs, Memtech Intl, Creative Technology, Best World Intl & Delong Holdings. The five stocks averaged daily price ranges of 4% and together represent businesses with manufacturing-related activities. Manufacturing businesses span handling & test solutions, component solutions, consumer electronics, health products & HRC Steel. Another manufacturing stock, Hi-P International ranked amongst the 10 non-STI stocks with the biggest intraday tick ranges...

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Asia’s Largest Global REIT Hub

More than 75% of Singapore REITs & Property Trusts own and manage overseas assets across Asia Pacific, Europe and the United States. This growing trend within the REIT Sector has seen trusts with Singapore and overseas exposure rise from 18 in 2012 to 33 in 2018. Of Singapore’s 10 most recent REIT Sector listings, nine are exclusively managing properties located outside of Singapore. These nine REITs maintain a combined market capitalisation of S$8.3 billion and have averaged 13.8% total returns since their IPO. REITs with international property assets bring diversification benefits to investors, in addition to increased risks which...

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Three Largest, Best-Performing Consumer Stocks Avg 7% Return in May

In the month of May, Consumer Discretionary, which comprises a total of 95 stocks, was the best-performing sector on SGX, generating a market capitalisation-weighted average return of 3.1% during the month. The 10 largest, actively traded Consumer Discretionary stocks on SGX have a combined market capitalisation of more than S$60 billion, and have generated an average total return of 1.9% over the month. The three best-performing stocks among the 10 during the month were: Mandarin Oriental (+9.6%), Genting Singapore (+7.7%) and Shangri-La Asia (+4.0%). These three stocks averaged a total return of 7.1% in May, bringing their total return...

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SGX Real Estate Index’s Five Best Performers Average 7% YTD Gain

In the 2018 YTD, the five best-performing constituents of SGX’s Real Estate Index were Yanlord Land (+11.1%), United Engineers (+8.4%), Ho Bee Land (+6.0%), Hongkong Land (+4.9%), and Ocean Sky (+4.3%). The SGX Real Estate Developers & Operators Index comprises 25 constituents with a combined market cap of over S$70 billion. The component stocks with the five biggest weights are Hongkong Land (10.6%), UOL Group (9.8%), CapitaLand (9.8%), City Developments (9.2%) and Yanlord Land (9.0%). This year, Singapore’s property market is expected to extend its recovery. In 1Q18, private residential property prices jumped 3.9% QoQ, surging the most since...

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Indicative Five Year STI Dollar Cost Returns at 8% p.a.

RSS Plans provide a means for investors to build gradual STI exposure. Such a monthly plan on an STI ETF from May 2013 to April 2018 generated an indicative return rate of 7.9% p.a. excluding transaction fees, as of the 22 May close. RSS Plans utilise dollar cost averaging. Over the five year period, dollar cost averaging on an STI ETF meant that approximately two-fifths more units were bought at month-end lows in January 2016, compared to month-end highs in April 2018. There are currently more than 50,000 active RSS Plans in Singapore. Providers of RSS Plans on the...

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Recently Announced Mergers & Acquisitions in the REIT Sector

In the month thus far, ESR-REIT and Viva Industrial Trust have proposed a potential merger, whilst CCT, Manulife US REIT,  FLT,  Keppel DC REIT and SPH REIT have announced acquisitions to expand their property portfolios. In the 2018 YTD, Singapore’s 34 REITs and six Stapled Trusts have averaged a 1.8% decline in total return, trimming the 12M average total return to 9.1%. The strongest performing REITs in the YTD were Sabana Shariah, Cromwell EUR, BHG Retail, Manulife US & IREIT Global. The FTSE ST REIT Index currently maintains a 6.0% yield which is 3.3% above Singapore 10 year Government...

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Singapore Listed Healthcare Companies Going For Growth

Frost & Sullivan expects APAC’s Healthcare Industry to grow 11% in 2018, forming 28% of the US$2 trillion Global Healthcare market; Growth is expected to come from increased technology adoption, innovative healthcare access & delivery of care outside traditional hospital settings. The five largest Healthcare companies listed on SGX, IHH, Top Glove, RMG, TalkMed & HMI are all pursuing growth strategies to expand their businesses. Across the five stocks are examples of recent acquisitions, construction & refurbishment, hiring drives and collaborations. Singapore’s segment of Healthcare & Equipment Stocks also maintain financials and valuations in line with APAC. On average,...

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Banks, Telcos & Consumer Staples Led Sectors in April

The STI continued to outperform the region in April with Bank-led gains driving the STI’s total return to 7.1% over the first four months of 2018. This compared to an average decline of 0.1% for the benchmarks of Japan, Hong Kong and Australia. The three strongest sector segments in April included Banks, with capitalisation-weighted gains of 10.7%, followed by Telecommunication Services and Consumer Staples, both with capitalisation weighted returns of 4.0%. M1 led the performances of the largest Telecommunication Services stocks in April with a 7.6% total return, whilst Thai Beverage PCL and Sheng Siong Group led the largest...

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DBS, OCBC & UOB Averaged 50% Returns Over Past 12M

DBS, OCBC and UOB averaged 8% gains in April-to-date, bringing average YTD total returns to 14%, and 12 month average total returns to 50%. April has seen the three banks trade at all-time highs, with DBS recently trading at a high of S$30.00.  The three banks currently average a 1.5x P/B, above the 10 year average P/B, and in-line with the 20 year average. In the YTD institutional investors were net buyers of the three banks, with inflows totalling S$1.12 billion, following net inflows of S$3.39 billion in 2017.  FY17 Net Profit of the three banks totalled S$11.9 billion....

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REIT Earnings in Focus, with Commodities & Bonds on the Move

Last week the STI added 2.1%, again led by Banks. Friday’s debutants, SLB Development and  Asia Healthcare Specialists both finished the session firmer and amongst the 20 most active stocks by turnover.  Earnings Season will pick up a notch from last week, with a dozen REITs expected to report for the March 2018 quarter. This will include STI constituents Ascendas REIT, CapitaLand Commercial Trust, and on Wednesday, Venture Corporation reports.  Last week, Crude Oil advanced to a high of US$69.56/bbl, to Dec 2014 highs. The inflationary concerns of higher oil prices have seen US 10-year Treasury yields return above...

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Diversified Property Developer SLB Development Debuts on SGX

Diversified real estate developer SLB Development debuts on SGX’s Catalist board today. SLB is a spin-off from Mainboard-listed Lian Beng Group, one of Singapore’s major home-grown building and construction groups.   SLB undertakes small to large scale residential developments, mixed-used projects, as well as industrial and commercial developments. Its portfolio comprises a S$892 million gross development value with an estimated development profit of S$136 million.  SGX lists 16 Catalist stocks under the GICS® Real Estate and Development sub-industry, which has a combined market capitalisation of S$1.6 billion. With an IPO market capitalisation of more than S$220 million after its...

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Asian Healthcare Specialists – SGX’s First Orthopaedic Specialist Play

Asian Healthcare Specialists, which made its trading debut on SGX Catalist today, is a group of orthopaedic specialists who provide a wide spectrum of general and subspecialised treatments, including orthopaedic, trauma and sports services. The Group’s vision is to create a one-stop specialist clinic consisting of senior and experienced orthopaedic medical specialists. It harnesses advanced technologies, including robots, to perform surgeries, including minimally invasive and keyhole procedures. SGX lists 10 Catalist stocks under the GICS® Healthcare Service Providers sub-industry, and they have a combined market capitalisation of S$2.4 billion. The five largest Healthcare Service Providers – TalkMED, OUE Lippo, Clearbridge,...

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Five Newest Real Estate Stocks Offer Investors Diversity

The five most recent real estate stocks to list in Singapore span a wide range of property-related businesses, including REITs, a Real Estate Broker and a Property Developer. The business exposures span Singapore, the United States, Europe and China. The five stocks have generated a 19% average gain and 8% median gain from their respective issue prices. Four of the five stocks listed in 2017 which have all performed better than the MSCI World Real Estate Index. Complementing these listings, the Lion-Phillip S-REIT ETF launched, which tracks the Morningstar® Singapore REIT Yield Focus Index, designed to screen for high-yielding...

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SGX Research: Five Strongest Constituents of All-Share Index Avg 36% YTD Total Return

In the 2018 YTD, the five best-performing constituents of the FTSE ST All-Share Index in terms of total returns were: China Sunsine Chemical Holdings (53.3%), Best World International (39.4%), Venture Corp (37.3%), Cosco Shipping International (26.7%) and Hi-P International (23.0%). These five constituents averaged a YTD total return of 35.9%, bringing their total return over the last 12 months to 139.7%. In comparison, the All-Share Index and the benchmark STI have generated total returns of 0.6% and 1.1% respectively in the YTD. In the YTD, the five least-performing constituents of the All-Share Index in terms of total returns were:...

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