In the October 2020, 5 S-REITs: ARA Logos Logistics Trust, Mapletree Logistics Trust, Elite Commercial REIT, Suntec REIT and Lendlease Global Commercial REIT announced proposed property acquisitions. Property locations spanned Australia, China, Malaysia, the UK and Singapore.
Among the 10 largest constituents of the FTSE ST Singapore Shariah Index, 3 are REITs – Mapletree Industrial Trust, Keppel DC REIT and Frasers Logistics & Commercial Trust. All 3 REITs have seen limited impact from COVID-19. The 3 REITs averaged total returns of 28% and received net institutional inflows of S$145 million in 2020 YTD till 21 October.
Of the 10 largest constituents of the FTSE ST China Index, 3 are Industrials stocks – Yangzijiang Shipbuilding, Hutchison Port Holdings Trust and Sunpower Group. These 3 Industrial stocks averaged total returns of 33% in 3Q2020 with Hutchison Port Holdings Trust as the top performer.
Over the first two weeks of 4Q20, STI Heavyweights DBS, OCBC and UOB were recipient to S$217 million in net institutional inflows, with the trio averaging 5% gains. Of Singapore’s 100 most traded stocks in 2020, healthcare supply stocks have again started 4Q20 as the strongest contingent of stocks, with Medtecs International, UG Healthcare, iX Biopharma, Sri Trang Agro, Riverstone and Top Glove Corp averaging 17% total returns.
Effective 19 October, CapitaLand Commercial Trust will be deleted from the STI in preparation for its merger with CapitaLand Mall Trust. Keppel DC REIT, the largest stock on the STI Reserve List (as at 14 Oct 2020), is scheduled to join the STI.
Singapore is expected to show signs of a 3Q20 recovery in its highly services-orientated economy from 2Q20 following the lifting of CB Measures. For the remainder of the 2020, the Banks, Real Estate and Industrial Sectors will be large determinants of the STI’s performance which will take cues from both these domestic and external drivers. Since 1985, the STI has averaged a 4% gain in the fourth quarter of the year.
Singapore’s 5 most traded stocks representing the energy sector include Rex International, AusGroup, Interra Resource, China Aviation Oil and Mermaid Maritime decline in-line with Crude Oil prices in September, averaging 10.4% declines for the month.
Singapore’s largest non-cyclical consumer stocks by market cap focused on food production have averaged 5% defensive total returns since regional market highs on 9 June. The strongest performers of this group of SGX listed stocks over the period were Mewah International, Del Monte Pacific, ABR Holdings, QAF and Wilmar International.
In September, 24 SGX primary-listed stocks bought back shares for a total consideration of S$43 million. STI constituents Yangzijiang Shipbuilding, Keppel Corporation and ST Engineering led the buyback consideration in September. As many as 9 companies commenced new mandates, which included Ho Bee Land and Boustead Singapore.
The 30 Singapore stocks that saw the highest net institutional inflows in 3Q20 included stocks from Technology, Retail & Tourism related sectors. Venture Corporation, AEM Holdings, Mapletree Industrial Trust, UMS Holdings and Hi-P International were among the 30 stocks with a combined net institutional inflow of S$154 million in 3Q20.
These articles are provided by SGX My Gateway.
SGX's investor education portal with market, product and investment information and events. Sign up now at sgx.com/mygateway to receive our investment updates and economic calendar.
These articles are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from www.sgx.com. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the “SGX Group Companies”) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.