Author: SGX My Gateway

FTSE ST Fledgling Index Outperforms Index Series with 7% YTD Gain

In the 2018 YTD and last 12 months, the FTSE ST Fledgling Index is the best-performing index in the FTSE ST Index series, with price gains of 6.8% and 13.4% respectively. In comparison, the STI has generated price gains of 4.4% and 12.9% in the YTD and last 12 months respectively, while the FTSE ST All Share Index has gained 3.5% and 0% respectively. The 10 largest FTSE ST Fledgling Index constituents by weight account for nearly one-quarter of the Index’s market capitalisation. These 10 constituents have posted an average price gain of 73.4% in the year-to-date, bringing their...

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Singapore Retail Sales in the Spotlight Today

Singapore’s Retail Sales Report for Jan 2018 is scheduled to be released by the Department of Statistics at 1pm today.  Consensus estimates expect a 2.4% YoY gain for Jan 2018, following a 4.6% YoY gain in Dec 2017.   SGX lists a handful of stocks that reported ALL revenue to Singapore in their most recent Annual Reports – these five stocks have been comparatively strong over the first 10 weeks of 2018, with a median gain of 3.4% following median a decline of 12.0% in 2017.  The two largest capitalised stocks of the five stocks are Sheng Siong Group...

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Mapletree Delivered Growth & Value to its REIT Unitholders

Between 2005 and 2013, Mapletree Logistics Trust (“MLT”), Mapletree Industrial Trust (“MIT”), Mapletree Commercial Trust (“MCT”) and Mapletree Greater China Commercial Trust (“MGCCT”) listed on SGX. Combined market cap of these REITs grew 2.6x to present. The four Mapletree REITS have averaged 14.5% distribution-inclusive returns from IPO date to present & currently maintain an average 6.0% distribution yield. MIT has been the strongest performer of the four REITs, with 18.2% average annualised total returns. The four Mapletree REITs complete their FY17/18 with the March quarter. All four REITs have reported YoY growth in net property income (“NPI”) for the...

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Recent Highlights of Singapore-Focused Real Estate Stocks

The 25 largest capitalised Real Estate stocks that reported more than 80% of their revenue to Singapore based on Annual Reports, maintain an average market cap of S$3.0 billion, ranging from S$7.5 billion for A-REIT to S$718 million for Hong Fok Corp.   After strong performances in 2017, when all 25 stocks gained & averaged a 28.5% total return, 18 of the 25 stocks declined over the first seven weeks of 2018, with average YTD price declines at 2.7%. Dividends have provided some offset, with Trusts making up 16 of the 25 stocks, trimming the average decline in total...

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Long Term Returns of Temasek’s Major SGX-listed Investments

Temasek is a 100% Singapore Government-owned Investment Company, established in 1974 with the purpose of separating Singapore Government’s policy making role from the management of its commercial assets. Temasek includes SGX-listed stocks DBS Group Holdings, Singtel, Keppel Corp, Sembcorp Industries, ST Engineering, Singapore Airlines, CapitaLand, Olam International and SATS as major portfolio investments. Of the nine stocks, six have been listed for the past 20 years, averaging annualised total returns of 8.1%. Three stocks, Sembcorp Industries, SATS and Olam International listed within the 20 years, averaging 10.8% annualised total returns from respective debuts. Temasek is one of three key...

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Earnings Detail Impact of SG’s Strong 2017 Growth Rate

This week MTI reported Singapore’s economy grew at a solid rate of 3.6% in 2017. This was led by a 10.1% expansion in the manufacturing sector, specifically in the electronics and precision engineering clusters. The week has also seen multiple earnings reports, many of which were FY17 Financial Reports that provided insights on how SGX-listed stocks benefited from the growth momentum of manufacturing and trade-related Sectors in 2017. SGX-listed stocks also benefitted from signs of stabilisation in Singapore’s residential property market in 2H17 while construction and utility stocks also noted alignment with infrastructure initiatives across the City-State. Singapore Amongst...

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Venture Corporation Scheduled to Join STI on 5 January

Venture Corporation is expected to join the STI effective Friday 5 Jan, with the last trading day of existing STI constituent, Global Logistic Properties, expected to be 4 Jan. Venture was selected as it maintained the highest market capitalisation of the STI Reserve on the 2 Jan close. Venture generated a 115.4% total return in 2017, with institutional net buying totaling S$133 million. The leading global provider of technology services, products and solutions reported its net profit grew 81.4% YoY for its 9MFY17 ending 30 Sep. Venture is expected to make up between 1.5% and 2.0% weightage in the...

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Biggest Hospitality Stocks Average 20% YTD Gains

Singapore’s 20 largest Hotel, Restaurant and Leisure stocks have averaged 20% total returns in the 2017 YTD, with 17 gainers and three decliners. The three largest stocks of the 20 were also the group’s YTD best performers – Genting SP, Shangri-La Asia and Mandarin Oriental. Both Shangri-La Asia and Mandarin Oriental are secondary listings. For the first 11 months of 2017, Shangri-La Asia’s average monthly turnover was up 3.6x from its 2016 levels, while Mandarin Oriental International’s average monthly turnover was up 3.0x. No Signboard and Kimly have joined the 20 largest Hotel, Restaurant and Leisure Industry after listing...

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Highlights of Gold Opportunities on SGX

SGX offers investors opportunities to participate in the gold sector through three mining stocks – Wilton Resources, CNMC Goldmine and Anchor Resources – and one Exchange Traded Fund, the SPDR Gold Shares ETF. Spot gold has fallen over 4% since hitting a one-year high of US$1,349.22 on 7 September 2017, which reduces its YTD gain to 12%. Bullion’s performance has been impacted by flagging investor interest after the recent surge in US equity markets, the focus on cryptocurrencies like Bitcoin, and as central banks began paring their stimulus policies. The World Gold Council has consistently flagged the diversification role...

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Keppel-KBS US REIT – US-Focused Office REIT Debuts on SGX

Keppel-KBS US REIT, a US-focused office REIT, made its trading debut on the Mainboard today. It has an initial portfolio of 11 freehold office properties across seven key markets in the US. In its IPO prospectus, it has identified some drivers for the US office real estate market which include stable US economic growth trajectory, favourable outlook in the office real estate sector, and continued interest in office real estate investments. Prior to Keppel-KBS US REIT’s IPO, SGX lists a total of 41 REITs and property trusts with a combined market capitalisation of S$85.9 billion. The 41 REITs and...

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Strong Earnings Sees IT Sector Grow Two-Thirds in 2017 YTD

A re-rating of the global Information Technology (“IT”) Sector took place earlier this year, which has seen Singapore’s IT Sector grow by two-thirds, from a combined market capitalisation of S$9.7 billion to S$16.1 billion.   The 10 largest IT stocks averaged a 95% price gain (with the median gain at 96%) for the 2017 YTD. The 10 stocks that saw the greatest price gains were Hi-P International and Micro-Mechanic Holdings, with Venture Corp and Valuetronics Holdings generating similar gains.   Three of the 10 largest IT stocks have reported for the Sep 17 quarter. For the quarter, Venture Corp reported...

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Real Estate Managers & Developers Led the STI in 2017 YTD

Following average price declines of 2.2% in 2016, the five Real Estate Management and Development constituents of the Straits Times Index (STI) have averaged a 38.4% price gain in the 2017 YTD. The Urban Redevelopment Authority (URA) recently reported prices of private residential properties officially increased by 0.7% in 3Q17, compared with the 0.1% decline in 2Q17. This was the first quarterly gain for this property price index since 3Q13.  Real estate services provider, APAC Realty, which operates in Singapore under the ERA brand, debuted on the Mainboard on 28 Sep. From its IPO price at S$0.660,  the stock...

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10 Biggest US Exposure Plays Generated 35.6% YTD Weighted Returns

US 3Q GDP will be released on Oct 27 (Fri). Focus will be on economic impact from hurricane Harvey and Irma, President Trump’s push for US tax reforms and decision on the Federal Reserve Chair replacement. The 10 largest capitalized stocks with at least 20% of their revenue from US have averaged a market capitalisation-weighted total return of 35.6% in the year to date. This compares with the Dow Jones Industrial Average and S&P 500 Index’s 13.2% and 9.2% respectively in SGD terms.  The six non-inverse US equity ETFs listed on SGX have averaged a total return of 12.5% in...

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Highlights of Catalist Stocks with Strongest 5-Year Market Cap Growth

Singapore Medical Group, a private specialist and primary healthcare provider in Singapore, registered a market capitalisation growth of 17.4 times, with its market cap rising from S$16.0 million to S$278.0 million in 5 years. Moya Holdings Asia, one of leading private players in Indonesia’s water treatment industry, registered a market capitalisation growth of 8.6 times, with its market cap rising from S$32.1 million to S$274.5 million in 5 years. 800 Super Holdings, an established environmental services provider for public and private sectors in Singapore, registered a market capitalisation growth of 6.4 times, with its market cap rising from S$34.9...

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September Quarter Earnings Schedule for S-REITs

SPH REIT kicked off the September quarter financial reporting season for the 36 constituents of the SGX S-REIT Index, reporting its fiscal 4Q 2017 results. Soilbuild Business Space REIT and Keppel DC REIT have followed suit with their fiscal 3Q 2017 results. The SGX S-REIT Index generated a total return of +21.2% in the year-to-date, outperforming the S&P Asia Pacific REIT Index and MSCI World REIT Index, which generated total returns of -0.7% and +1.5% respectively in SGD terms. The 36 trusts averaged a year-to-date total return of +21.4%, while maintaining an average distribution yield of 6.4%. Of these...

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