SGX Market Information
SGX My Gateway Market Updates
Singapore’s Telco Trio Averages 15% 1-Year Total Return
09 March 2020
The 3 largest telecommunications service providers on SGX – Singtel, NetLink NBN Trust and StarHub – have a combined market cap of about S$55 billion. Over a 12M period, the 3 telcos have averaged a total return of 14.5%.
SGX’s Trio of Rubber Glove Makers Average 32% Total Return in YTD
03 March 2020
SGX lists 3 rubber glove plays – Top Glove Corp, Riverstone Holdings and UG Healthcare Corp – which have a combined market cap of more than S$5 billion. Global demand for rubber gloves is expected to increase as countries step up efforts to contain the spread of the COVID-19.
DBS, OCBC & UOB Average 18% Wealth Management Income Growth
03 March 2020
Over the last few years, Singapore’s three banks have been expanding their wealth management income, which now accounts for an increasing share of non-interest income. For FY19, the trio averaged 18% YoY growth in their wealth management income, ranging from 16% for DBS to 20% for OCBC.
SGX Companies Share Buyback Consideration Doubled in February 2020
02 March 2020
In Feb 2020, 17 SGX primary-listed stocks bought back shares for a total consideration of S$68 million. DBS, Keppel Corp and Silverlake Axis led the share buyback consideration tally, with the average buyback prices at S$24.623, S$6.720 and S$0.338 respectively. Buybacks for DBS made up S$43 million of the S$68 million total consideration.
Singapore Banks Grow Greater China Business by 175% since 2010
26 February 2020
Since 2010, DBS, OCBC & UOB have increased their combined annual income that is segmented to Greater China by 175%. Combined Greater China income grew from S$2.33 billion in 2010, to S$6.42 billion in 2019.
SGX’s US-Focused Office REITs December Quarter Earnings
25 February 2020
Manulife US REIT, Prime US REIT and Keppel Pacific Oak US REIT – are focused on the US office market. For the quarter ended 31 Dec 2019, the three trusts averaged a DPU of 1.57 US cents. The trio averaged a net property income of US$24.2 million and a gross revenue of US$38.7 million.
DBS, OCBC & UOB Average 10% Net Profit Growth in FY19
24 February 2020
For the year ended 31 Dec 2019, Singapore's 3 listed banks averaged a net profit of S$5.2 billion, up 10.1% YoY. Among the 3, DBS reported the highest FY19 net profit of S$6.4 billion, reflecting a 13.6% YoY increase.
Over the 2019 calendar year, the 3 banks averaged a total return of 10.0%. The 2 best performers in 2019 were DBS and UOB, with total returns of 15.5% and 12.8% respectively.
REIT Sector Continues to Grow in Early 2020
24 February 2020
Singapore’s 43 property trusts contribute 26% of the stock market’s S$1.23 billion average daily turnover in the YTD. Trusts with the highest turnover growth, compared to 2019, include Prime US REIT, Dasin Retail Trust, Keppel Pacific Oak US REIT, CDL Hospitality Trusts & Manulife US REIT.
Defensive Nature of S-REITs Draws Fund Flows in January 2020
19 February 2020
Singapore REITs was the top net buy sector in Jan 2020, garnering net institutional inflows of S$174.9 mln, SGX data showed. This reversed net outflows of S$102.5 mln and S$127.5 mln in Dec 2019 and Nov 2019 respectively. The top institutional net buy REITs in Jan were: CapitaLand Commercial Trust (+S$68.1 mln), Ascendas REIT (+S$64.0 mln), CapitaLand Mall Trust (+S$25.7 million) and Mapletree Industrial Trust (+S$22.3 mln).
Manulife US REIT & Prime US REIT Led Singapore’s USD Stocks in Early 2020
18 February 2020
Singapore’s 10 most traded USD denominated stocks have contributed 5% to daily stock market turnover in early 2020, while averaging 4.1% returns. Singapore’s strongest performing USD stocks in the 2020 YTD were Prime US REIT and Manulife US REIT.
These articles are provided by SGX My Gateway.
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