Author: SGX My Gateway

STI’s Strongest Stocks & Segments in 2017 YTD

In the 2017 YTD Yangzijiang Shipbuilding was the best performing STI stock with a 45% price gain, after ranking as the STI’s least performer in 2016.  At the same time, the STI’s least performer in the 2017 YTD, Golden Agri Resources, was the best performing STI stock in 2016.  The STI’s five Real Estate Management and Development stocks have averaged a 24% price gain in the year-to-date, with three of the stocks making the top five performing STI stocks in the 2017 year-to-date. Yanlord Land, which recently joined the STI Reserve List has gained 35% in the 2017 YTD....

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Best World, Hanwell & Food Empire Led the Big Consumer Staples Stocks in YTD

Singapore’s 20 biggest Consumer Staples stocks have averaged 9% price gains in the 2017 YTD. Last year, the Sector was the strongest segment of the Singapore market, with the same 20 stocks averaging a 35% price return. In the 2017 YTD the three strongest of the 20 Consumer Staples stocks were Best World International, Food Empire Holdings and Hanwell Holdings. Best World generated a 120% price gain, whilst Hanwell and Food Empire generated similar respective gains of 48% and 42%. All three of these stocks reported diluted EPS growth in 1QFY17. Best World reported EPS of 3.53 cents (+62.7%...

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Top Glove, Riverstone & UG Healthcare Positive on Rubber Glove Prospects

Global rubber glove industry to post 8%-10% annual growth in the next few years, mainly driven by increasing emerging market demand. Malaysia continues to be the top rubber glove manufacturer globally with c.63.0% market share.  While near-term headwinds (competition, raw material prices, and currencies) remain, glove manufacturers are positive on structural growth trends of the industry and remain committed to their respective capacity expansion plans.  SGX lists three rubber glove plays with a combined market capitalisation of S$3 billion. Top Glove Corporation is the largest stock in this segment at S$2 billion. The company will host a webinar on...

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World Class Global – An Aspial Corp Subsidiary – Debuts on SGX

World Class Global, a real estate company in property development and property investment in Australia and Malaysia, made its trading debut on Catalist today. The company intends to distribute annual dividends of up to 50% of net profits attributable to shareholders in FY2019 and thereafter. Rising prices and increasing foreign investor appetite in Australia’s property market are some of the growth drivers that World Class Global has identified. For Malaysia, it also recognises Penang as a hotspot for property growth and investment. SGX lists 63 stocks under the Real Estate Management & Development GICS® Industry with a combined market...

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High-Yielding Billionaire Stocks Extend Beyond the STI

Almost half of Singapore’s primary-listed stocks with a capitalisation greater than S$1.0 billion have dividend yields above 3%. This is a higher ratio than Asia Pacific and the United States, where around one-fifth of the same sized stocks maintain a yield of at least 3%. Within the STI, the 14 stocks that maintain a dividend yield above 3% averaged an 11% total return in the 2017 YTD. Beyond the STI, another 33 stocks, all with market capitalisation above S$1.0 billion and dividend yields above 3%, have averaged 15% gains. Of Singapore’s billionaire capitalisation stocks with 3%+ yields, the strongest...

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Singapore Consumer Plays with a China Focus

Global research firm, Nielsen recently reported that China’s Consumer Confidence Index in 1Q17 reached levels last seen in 2015, while immediate spending intentions had reached their highest levels since 2014.  Singapore lists a dozen stocks with a market capitalisation above S$100 million that reported at least one-tenth of their revenue to China in the last financial year. The 12 stocks have averaged a 25% total return in 2017 YTD. The three best performing stocks of the 12 in the 2017 YTD were Best World International (BWI), Shangri-La Asia and Hanwell Holdings. Last month BWI reported a 1QFY17 EPS of...

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Recent Sector Moves & Turnarounds

Over the first five months of 2017 Information Technology (IT), Materials and Real Estate Management & Development Sectors ranked as the best three performing Sectors. IT and Materials had also ranked amongst the three best performing Sectors in 2016. The Real Estate Management & Development Sector saw a turnaround performance in the first five months of 2017, after ending 2016 as one of the three least performing Sectors. The YTD strength of the Real Estate Management & Development Sector coincided with expectations and announced reductions of some property market cooling measures. Further underlying the reversal of fortune for the...

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Highlights of SGX’s Information Technology Sector Leaders

Venture Corporation, a leading global provider of Technology products and solutions, posted total return of 36.4% year-to-date. Silverlake Axis, a leading provider of digital economy solutions and services, registered total return of 2.6% year-to-date. UMS Holdings, a leading manufacturer of high precision front-end semiconductor components, had a total return of 106.6% year-to-date. There are three types of Information Technology (IT) stocks  – Technology Hardware and Equipment Related,  Software and Services, and Semiconductors. The largest capitalised of each segment are, respectively,  Venture Corporation, Silverlake Axis and UMS Holdings. Approximately two-thirds of the IT stocks listed on SGX represent the Technology...

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STI’s 3 Year Dollar Cost Average Return of 6.3% p.a.

RSS Plans provide an alternative means for investors to build gradual STI exposure, make use of dollar cost averaging with performance measured by return rates. From 30 June 2014 to 29 May 2017, the indicative return rate of an RSS Plan on a STI ETF came to 6.3% p.a. RSS plans utilise dollar cost averaging. Over the three year period, dollar cost averaging on the STI ETF meant that one third more units were bought at market lows in January 2016, compared to market highs in April 2015. Providers of RSS Plans on the STI ETF include Phillip Capital,...

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Singapore Semiconductor Stocks Riding the Cyclical Upturn

Global semiconductor industry is in a cyclical up-cycle, driven by Internet of Things (IoT) and mobile devices. Strong growth in electronics and precision engineering clusters likely to provide support to Sinapore’s economy in 2017. The 12 semiconductor SGX-listed stocks, riding on the strong near-term momentum in the industry, generated an average total return of 65.7% in the year-to-date, bringing their one-year average total return to 115.6%. Singapore’s three largest semiconductor stocks are in net-cash positions, which ensures dividend payouts to their shareholders. Global Semiconductor Industry in Cyclical Up-Cycle Strong Near-Term Momentum Driven by Internet of Things (IoT) and Mobile...

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STI Developers (HK Land, CapitaLand, GLP, CDL, UOL) average 23% YTD Gain

The STI’s five Real Estate Developer & Operator stocks are Hongkong Land Holdings, CapitaLand, Global Logistic Properties, City Developments and UOL Group. Together the five stocks have averaged a 23% total return in the 2017 YTD. The majority of these returns occurred earlier in the year, amidst the global rotation from Emerging Markets to Developing Markets, and the Singapore Government announcing the easing of property market cooling measures on 10 March. Last week Global Logistic Properties reported its FY2017 earnings, while City Developments and UOL Group reported quarterly earnings the preceding week. Global Logistic Properties reported a 10% increase...

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Emerging Technologies to Boost Opportunities for SGX’s EMS Providers

Emerging Technologies seen driving global Electronics Manufacturing Services (EMS) industry’s 6.2% CAGR from 2015-2020. In recent years, SGX-listed EMS providers are diversifying their businesses away from traditional Technologies into emerging Technologies. Focus on emerging Technologies (e.g. Medical Technology, Life Sciences, Automotive Electronics) are now bearing fruit. The three largest EMS providers generated a total return of 40.3% in the year to date, bringing the one-year return to 72.8%. Consensus data suggests they will grow earnings by 16.5% in the forward year. Global EMS Industry to Post 6.2% CAGR in 2015-2020, Driven By Emerging Technologies Electronic Manufacturing Services (EMS) generally...

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Heritage & Highlights of the Straits Times Index

The STI has generated a 14.5% YTD dividend inclusive return, with Yangzijiang Shipbuilding Holdings (which joined the STI in September 2015) the strongest of the 30 STI constituents. The strongest STI Sector in the YTD has been Real Estate Management & Development – with Global Logistic Properties, City Developments, CapitaLand, UOL Group and Hongkong Land Holdings averaging 24.5% total returns. STI ETF units that follow the performance of the STI, while also mirroring any changes to STI constituents, have been available to Investors over the past 15 years. Since the SPDR® STI ETF was introduced in April 2002, the...

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Information Technology Stocks Continue to Shine

Singapore’s Electronics cluster (27.4% of total manufacturing activity) demonstrates strong momentum with its 13th consecutive month of YoY output growth. SGX’s IT Sector is an outperformer in the YTD with total returns of 33.3%, above the STI’s +11.1% and the MSCI Asia ex-Japan IT Index’s +18.4%. Strong earnings outlook likely the key driver of IT Sector’s outperformance. Consensus expects 10 largest IT stocks* to grow earnings by 20% in 2017. Electronics Manufacturing Output Momentum Remains Strong Singapore’s Electronics cluster has started 2017 on a bright note, continuing its strong manufacturing output momentum. Data from Economic Development Board (EDB) showed...

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MSCI Singapore Index at 18M High with Participation Records

The MSCI Singapore Index (“SiMSCI Index”) ended yesterday at 358.3, which is a 18 month high and a 27% recovery from its February 2016 low. The SIMSCI Index has delivered a 14% YTD total return and been amongst the leading performers amongst key Asian indices. Half of the SiMSCI Index constituents have recently reported 1Q17 earnings. In addition, a slew of dividend distributions last week have seen the discount of the May SiMSCI Futures to the underlying SiMSCI Index narrow by 2.0 points. SGX SiMSCI Futures set new records in April. Average daily volume surged 15% month-on-month to 42,702...

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