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SGX My Gateway Market Updates

Highlights of Singapore’s Billionaire Stocks

13 November 2018

Singapore Exchange lists close to 100 stocks with a market cap above S$1 billion. In the 2018 YTD, the 10 best-performing billionaire stocks were: Sri Trang (48.2%), Best World (44.0%), Top Glove (42.9%), Japfa (41.7%), M1 (26.7%), Keppel T&T (21.2%), Sheng Siong (18.4%), Dairy Farm (17.4%), ComfortDelGro (15.3%), and Haw Par (14.8%). In the 2018 YTD, the 10 least-performing billionaire stocks were: Oxley Holdings (-40.9%), Thomson Medical Group (-38.8%), CITIC Envirotech (-37.8%), Shangri-La Asia (-34.9%), Sinarmas Land (-34.8%), Hutchison Port Holdings Trust (-32.6%), Golden Agri-Resources (-32.2%), City Developments (-31.2%), Fraser and Neave (-29.7%), and StarHub Ltd (-27.8%).

5 Best-Performing S-REITs Average 6% Total Return in July-Oct 2018

SGX My Gateway

05 November 2018

The iEdge S-REIT Index is a free-float, market capitalisation-weighted index that tracks the performance of listed REITs in Singapore. In July-October 2018, the 10 best-performing constituents of the Index were: Ascendas India Trust (+6.9%), Starhill (+5.5%), Mapletree Commercial (+5.4%), Keppel REIT (+5.2%), Suntec REIT (+5.2%), CapitaLand Commercial (+4.7%), Frasers Hospitality (+4.4%), CapitaLand Mall (+3.3%), Frasers Commercial (+2.7%) and SPH REIT (+2.3%).

SGX October 2018 Buybacks at S$60M, 7 Stocks Begin New Mandates

SGX My Gateway

01 November 2018

In October, 29 SGX-listed stocks repurchased 31 million shares for a total consideration of S$60 million. This brought the total buyback consideration over the first 10 months of 2018 to SS$1.34 billion, which is more than three times the total buyback consideration in 2017. The 29 stocks included 6 STI constituents - DBS, CDL, SATS, SPH, SGX & Sembcorp Industries and STI Reserve stock Keppel REIT. 7 stocks commenced new buyback mandates in October - Advancer Global, Avarga, Global Palm Resources Holdings, GP Industries, Jumbo Group, Singapore Exchange and The Straits Trading Company.

9 SGX Listed Trusts Raised S$2.7 Billion via Rights Issues in Last 18 Months

SGX My Gateway

30 October 2018

Between January 2017 and June 2018, 8 REITs and 1 stapled trust have raised a total of S$2.7 billion in funds through rights issues, mostly to finance new property investments. They are: Frasers Logistics, Manulife REIT, ESR-REIT, CCT, Mapletree Logistics, Cache, CDL, Ascott Residence, and Sabana REIT. In 3Q18, these 9 trusts have registered a total return of +1.9%. This brings their 12M and 3Y total returns to -3.8% and +15.0% respectively. They have also averaged an aggregate leverage ratio of 35.6%, a dividend indicated yield of 6.9% and a price-to-book ratio of 0.9.

2018 September Quarter S-REITs Earnings Schedule

SGX My Gateway

18 October 2018

The latest quarterly reporting season for Singapore REITs and Business Trusts began last week, with SPH REIT releasing its results for the year ended 31 Aug 2018. This was followed by Keppel REIT, Keppel DC REIT, and First REIT, which unveiled their 3Q earnings earlier this week. The iEdge S-REIT Index has 36 constituents, comprising 28 REITs, six stapled trusts and two property trusts. With a combined market capitalisation of nearly S$80 billion, they have averaged a total return of -5.7% in the 2018 YTD, bringing their 12-month and three-year total returns to -2.5% and 24.5% respectively.

2018 September Quarter STI Earnings Schedule

SGX My Gateway

17 October 2018

Yesterday, Singapore Press Holdings kick-started the September quarter earnings reporting season for the constituents of the benchmark STI by releasing its results for the year ended 31 Aug 2018. In the YTD, the STI has generated a total return of -7%. The 30 Index constituents have a combined market capitalisation of over S$500 billion. They have averaged a total return of -9.6% in the YTD, bringing their 12-month and three-year total returns to -8.8% and +12.9% respectively.

Three Largest Agriculture Stocks Averaged 8% Total Return in 3Q18

SGX My Gateway

11 October 2018

SGX lists six stocks with a market capitalisation above S$1 billion that maintain a significant agriculture business. The six – Wilmar, Olam, Golden Agri-Resources, First Resources, Japfa and Bumitama Agri – have a combined market capitalisation of more than S$30 billion. In 3Q18, the best-performing agri stocks were Bumitama Agri (+9.2%), First Resources (+8.5%) and Wilmar (+6.4%). These three plays averaged a total return of 8.0% over the quarter, reversing their negative returns in 1H18. Japfa was the only stock that registered positive total returns of +3.1% and +25.8% for 3Q18 and 1H18 respectively.

5 Largest OSV Plays Average 21% Rebound From 12-Month Lows in 3Q18

SGX My Gateway

10 October 2018

OSV plays are widely regarded as one of the key beneficiaries of a rebound in oil prices. Crude, which has gained more than 20% since the start of the year, continues to hover near four-year highs, on fears of a sustained supply crunch. In 3Q18, the five largest SGX listed OSV stocks that saw the strongest price recovery from their 52-week lows were: Vallianz Holdings (28.6%), Mermaid Maritime (21.4%), Sinwa (21.1%), Dyna-Mac Holdings (18.0%), and PACC Offshore Services (17.4%). These five stocks averaged a 21.3% price gain from their respective 12-month troughs.

35 Companies Buy Back Shares in Sept, as STI Rebounded 1.4%

SGX My Gateway

01 October 2018

In September, 35 stocks repurchased 32 million shares for a total consideration of S$94 million. The buyback consideration has brought the total consideration over the first nine months of 2018 to SS$1.3 billion, which is three times the total buyback consideration in 2017. The 35 stocks included seven STI constituents - DBS, OCBC, CDL, SGX, Sembcorp Industries, UOB & SATS. Buybacks by these seven stocks made up as much as S$80 million, or 85%, of the S$94 million in consideration.

Key Telcos Averaged 5% Total Return in Sept18 QTD

SGX My Gateway

21 September 2018

Singtel, NetLink NBN Trust, StarHub & M1 have all generated similar gains in the September quarter-to-date, averaging +5.5% total returns, which has trimmed their average year-to-date decline in total return to -12.5%. Singtel, StarHub & M1 have averaged annualised total returns of 7.4% from respective IPO dates to present. The three companies are currently valued at similar discounts to their five year average P/E ratios. Business Trust - NetLink NBN Trust - listed in July 2017.

These articles are provided by SGX My Gateway.

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