Author: SGX My Gateway

S-REITs Trading at Discounts to Historical Median Book Values

Post-US elections, the SGX S-REIT Index has corrected 4.5%, underperforming the flat performance of the benchmark Straits Times Index (STI), but in line with that of the MSCI World REIT Index, largely due to rising expectations of an interest rate hike by the Fed next month. Post-correction, the SGX S-REIT Index now trades at 0.92x its book value, with 17 constituent REITs trading below the Index’s price-to-book valuation. The six REITs trading at the steepest discounts to their book values are: Far East Hospitality Trust (0.63x), Sabana Shari’ah REIT (0.64x), Keppel REIT (0.67x), Suntec REIT (0.73x), Starhill Global REIT...

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Key Maritime Plays Gained 5% on Wednesday

On Wednesday, trading volume of COSCO Corporation (Singapore) was almost triple its three month average volume, and trading volume of Yangzijiang Shipbuilding Holdings was more than double its three month average volume. On the close, the two stocks delivered respective session gains of 5.9% and 5.2%. These two stocks are two of four stocks that make up the FTSE ST Maritime Index. The remaining two stocks of the Index  – Nam Cheong and PACC Offshore Services Holdings also generated gains of 6.8% and 4.9% on Wednesday.  The FTSE ST Maritime Index generated an one-day gain of 5.3% reducing its...

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Singapore Banks averaged 4.1% Gain over Past Six Sessions

Singapore’s three listed banks, DBS, OCBC and UOB averaged a marginal gain yesterday amidst declines in the broader markets. This was on the back of a 4.0% average gain last week, in contrast to the Bloomberg Asia Pacific Banks Index gain of 3.4%. Last week’s combined turnover of the three banks was more than double the preceding week. The average daily combined turnover of the three banks for last week was S$351 million, compared to S$132 million in the preceding week sessions. The banks were the top three stocks that institutional investors bought for the week of 7 November....

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ETF Performance Highlights During, Post-US Elections

The unexpected election of Donald Trump as US President has sparked increased volatility and uncertainty in global markets this week. A Trump victory initially triggered a knee-jerk collapse in stock market futures and a surge in gold prices as investors fled to haven assets, but since then, global equity and commodity markets have registered mixed performances. The three most active ETFs on SGX for the two days surrounding the US Presidential elections (8-10 November) were SPDR® Gold Shares ETF, iShares MSCI India Index ETF, SPDR® Straits Times Index ETF The three best-performing ETFs over the two days were SPDR®...

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Gold Mining Trio Averaged 5% Session Gain on Wednesday

The three SGX-listed gold mining stocks have averaged 4.6% gain on Wednesday, ranging from +2.9% for Anchor Resources to 5.9% for Wilton Resources.   All three SGX-listed gold mining stocks are at different stages of exploration and production and have all provided recent updates to their operations in the past fortnight. The SPDR® Gold Shares ETF gained 0.9% (1.5% in SGD) yesterday, bringing the one-month SGD equivalent total return to 4.8% and YTD gain to 19.2%. SGX lists three gold mining stocks with a combined market capitalisation of more than S$400 million. The three stocks averaged a 4.6% total return...

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Singapore Healthcare Sector Outperforms Regional Benchmark in YTD

The SGX All Healthcare Index has generated a 6.4% total return in the year-to-date, and maintains a dividend yield of 5.9%. This compares with the MSCI AC Asia Pacific Asia ex-Japan Health Care Index, which has declined 2.4% in Singapore dollar terms over the same period, and maintains a yield of 1.2%. The three best-performing components of the SGX All Healthcare Index are Singapore Medical Group (+165.2%), Health Management International (+65.9%) and Singapore O&G (+58.0%). The three Health Care trusts listed on SGX – First REIT, Parkway Life REIT and RHT Health Trust – have a combined market capitalisation...

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