Author: SGX My Gateway

Average 19% YTD Gain in Key Mining Stocks

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 average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks averaging a 20.0% YTD gain. The trio of Gold miners averaged a 2.6% gain in the YTD. In each of...

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Ascendas REIT is now Singapore’s Largest Capitalised REIT

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 the combined REIT Sector of Japan, Australia and Hong Kong. The NikkoAM – StraitsTrading Asia ex Japan REIT ETF which is expected to include up to 70% weightage in Singapore REITs is scheduled to list on SGX on 29...

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Highlights of Yangzijiang Shipbuilding, Sembcorp Marine & Ezion Holdings

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 returned +81.0% since its trough in September 2016. Name SGX Code Market Cap S$M Total Return YTD % Total Return 1 Yr % P/E P/B Current ROE % Div Ind Yld % Yangzijiang Shipbuilding BS6 3545 20.2 12.9 10.5 0.8 7.9 3.9 Sembcorp...

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

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 (+11.9%) and Cambridge Industrial Trust (+9.3%). The three plays averaged a year-to-date return of 13.2%. Real Estate Operating Companies and Residential REITs sub-industries in the SGX S-REIT Index have also performed well at +9.0% and...

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Rising Government Spending Bodes Well for Healthcare Sector

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%), Singapore Medical Group (+34.5%), Healthway Medical Corporation (+24.2%), AsiaMedic (+10.4%) and Singapore O&G (+10.2%). The five stocks averaged a total return of 23.0% and 94.3% in the YTD and one year respectively. Long-term structural drivers also underpin growth of the...

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Electronic Components Stocks Shine as Exports Gain Momentum

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 year-to-date and last 12 months respectively, compared to the STI’s total returns of 7.8% and 21.2% in the same period. The three best-performing Electronic Components stocks in the year-to-date are AA Group Holdings (+136.8%), CPH (+100.0%) and GSS Energy (+42.4%). These stocks averaged...

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Highlights of Singapore’s 10 Largest OSV Players

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, the outlook for Singapore’s OSV stocks remains challenging. OSV companies with low gearing levels, high cash balances and strong operating cash flows are better positioned to ride out the storm,...

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Real Estate Sector Outperformed in the Year to Date

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 include UOL Group, United Industrial Corporation, Wheelock Properties, Wing Tai Holdings and Bukit Sembawang Estates. Gains have not just been limited to the STI’s Real Estate stocks. The 20 Real Estate stocks with the largest market capitalisation that are not...

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

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 7.1%, followed by Industrials (+6.6%), Hospitality (+6.0%), Healthcare (+5.6%), Diversified (+5.2%) and Office (+4.6%). Total Returns of SGX S-REIT 20 Index The benchmark SGX S-REIT 20 Index registered total returns of 6.2% in the year-to-date. This compares with the S&P Pan Asia Ex-Japan REIT Index,...

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Recent Moves of Singapore’s Biggest Shipyards Stocks

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 stocks, Keppel Corp has been the first of the three to report FY2016 results. Key metrics to note include order book momentum, balance sheets strength and operating cashflow. Shipyards stocks have been subjected to more volatility than most market segments...

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Sector Returns and Institutional Fund Flow Shifts

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 Energy (+6.7%). Health Care was the only declining sector for the month at -2.4%. Institutional investors net buy (+)/sell (-) at (+S$75.9m) in January, vs. (-S$572.4m) in December. Financials, Telecommunication Services and Energy were the top net buy sectors. Institutional...

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STI is Asia’s Strongest Benchmark in 2017 YTD

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 (+19.1%), City Developments (+12.2%), Sembcorp Industries (+11.9%), CapitaLand (+10.6%) and DBS Group Holdings (+10.6%). As of 2pm the Straits Times Index (STI) was trading at 3,043, which represented...

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Futuristic: A Consumer Proxy With a Dash of Quirky

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 and unconventional. “The younger people tend to behave and work differently, and they have better resources in developing crazy ideas – my hope for the company lies in attracting more millennials to work for us,” said Low,...

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CAO Hits Energy, Aviation Sweet Spots

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 smile. The Chemical Engineering Honours graduate from the National University of Singapore began her career at BP Singapore in 1997. She held various roles, including a...

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Singapore Healthcare Stocks Kick Off 2017 on Strong Note

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 securities in Asia Pacific, which averaged MTD and one-year total returns of 0.4% and 2.7% respectively. The five best-performing constituents of the SGX All Healthcare Index in the MTD are International Healthway Corporation (+32.0%), Pharmesis International...

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