Strategic pivots can help companies build resilient and adaptable business models capable of weathering economic fluctuations. Apart from Seatrium, Singtel and Sembcorp are also undergoing strategic transformations. Other STI stocks executing long-term strategic transformations include CapitaLand Investment, Keppel, and more recently, Hongkong Land.
Hongkong Land has ranked Singapore’s most traded real estate stock this year. Stocks with the highest growth in turnover compared to 2024 were Tuan Sing, Wee Hur, LHN, PropNex, and Centurion. These 5 companies play significant roles in the real estate value chain, from property development and construction to space optimisation, real estate brokerage, and specialised accommodation management.
The Straits Times Index (STI) has made its most significant charge towards its October 2007 all-time high in 17 years, culminating in a new record high of 3,921.30 on February 10, surpassed its preceding high of 3,906.16. According to Bloomberg, the current 12-month consensus estimate target price (CETP) for the STI is now around 4,200.
Retail investors tend to buy stocks during weaker performances and sell during stronger performances. During the period, the non-STI stocks with the highest net retail buying included Keppel REIT, AEM Holdings, CapitaLand India Trust, CapitaLand Ascott Trust, and iFAST Corporation. Conversely, the non-STI stocks with the most net retail selling were Suntec REIT, Rex International, Japfa, ParkwayLife REIT, and CSE Global.
The 5 most recent Catalist-to-Mainboard graduates include LHN, TalkMed, Rex International, Grand Venture Technology and Union Gas. LHN led with a 41% 5-year annualised total return, followed by Grand Venture Technology with a 28% annualised total return, while Rex International saw a 4% decline in annualised total return over the five years.
The stocks that saw the highest net institutional buying in 2024 were Singtel, UOB, OCBC, SGX, ST Engineering, Yangzijiang Shipbuilding, SATS, DBS, ComfortDelGro, and Suntec REIT. Total returns for the 10 stocks were mixed in 2024, ranging from 1% for Suntec REIT to 108% for Yangzijiang Shipbuilding.
Among the 100 most traded stocks, Bumitama Agri, DBS, Wee Hur, SATS, and Mermaid Maritime have experienced the largest percentage turnaround from net institutional outflow in the first half of 2024 to net institutional inflow in 2H24. Wee Hur was also the second strongest performer of the 100 stocks in the first five months of 2H24, after Nam Cheong.
Aztech, Valuetronics and ISDN have shown mixed returns this year. Valuetronics is the most geographically diversified of the trio, while ISDN focused on China and Aztech on North America. All three use Manufacturing Execution Systems to boost efficiency, with ISDN focusing on real-time monitoring, Aztech automating workflows, and Valuetronics enhancing control systems.
Over the past 4 weeks, the iEdge S-REIT Index declined 2.1% after a rally anticipating the 50 bps rate cut on Sep 18, with a total 3Q24 gain of 17.5%. In the S-REIT Sector, Acrophyte Hospitality Trust saw the highest 2H24 to Oct 15 net institutional inflow relative to market cap, driven by transactions associated with its significant rebrand.
The 20 most traded Singapore stocks that reported at least half their revenue from Greater China have averaged 22% total returns since 20 Sep, while CapitaLand China Trust, Nio, Sasseur REIT and Tianjin Pharmaceutical Da Ren Tang reported all their revenue or income from China in the last financial year.
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