Union Gas Leads SGX’s 5 Largest Utility Stocks in 2020 YTD
Median returns indicate that regional Utility stocks have been less volatile and better performing than Energy stocks in the 2020 YTD. Catalist-listed Union Gas has led the performance of Singapore’s largest Utility plays in the 2020 YTD with a 20% total return. The demerger of Singapore’s largest Utility play, Sembcorp Industries, from Sembcorp Marine (announced 8 June) aims to strengthen both firms’ financial positions, enabling each entity to better focus on its respective industry and pursue a sustainable growth path.