Keppel DC REIT, Mapletree Industrial Trust and Wing Tai Holdings maintain varied levels of exposure to the Data Centre ("DC") market, with all three stocks announcing acquisitions to expand their DC assets last week. Keppel DC REIT's private placement for the acquisition of two DCs in Singapore was fully covered within the first hour of bookbuilding, at the top end of the pricing range, and ended up being 9.3 times covered.
Temasek’s investment portfolio had a net value of S$313 billion as at 31 March 2019. The portfolio includes at least 25 listings on SGX, comprising 15 companies and 10 trusts with a combined market cap of more than S$260 billion. In the last 3 years, the 3 best-performing SGX-listed stocks in Temasek’s portfolio were DBS (+88.5%), ST Engineering (+33.6%) and Keppel Corp (+27.9%). The 3 best-performing SGX-listed trusts were Mapletree Logistics Trust (+84.2%), Mapletree Industrial Trust (+71.9%) and Mapletree Commercial Trust (+70.8%).
The new unified CapitaLand Group consisting of CapitaLand and Ascendas-Singbridge have eight stocks listed on SGX with a combined market cap of more than S$50 billion that contribute more than 10% of the day-to-day stock market turnover.
In March this year, SGX-listed Frasers Logistics & Industrial Trust (FLT) was included in the FTSE EPRA Nareit Global Developed Index. From next Monday, two more Singapore REITs – Frasers Centrepoint Trust and Keppel DC REIT – will join the Index, bringing the total list of Singapore constituents to 15.
The 10 largest stocks by market cap that added to their 1H19 gains in the quarter-to-date are all STI or STI Reserve List stocks – they were Wilmar, Thai Beverage, CapitaLand, CapitaLand Mall Trust, Ascendas REIT, SGX, City Developments, CapitaLand Commercial Trust, Mapletree Commercial Trust & Suntec REIT.
Singapore REITs was the top net buy sector in August, garnering total institutional flows of S$124.6 million. In 8M2019, the sector drew net institutional inflows of S$311.7 million. The top institutional net buy REITs in August were: Mapletree Commercial Trust, CapitaLand Commercial Trust, Ascendas REIT and CapitaLand Mall Trust.
The STI generated a 4.8% total return in the first eight months of 2019, while Singapore’s 30 most actively-traded stocks by turnover for the 8 months, more than doubled the benchmark gain, with average total returns of 11.5%. The 30 most actively traded stocks included 6 non-STI stocks – Mapletree Logistics Trust, Suntec REIT, Mapletree Commercial Trust, Mapletree North Asia Commercial Trust, AEM Holdings and Mapletree Industrial Trust.
DBS, OCBC, UOB, Wilmar, CapitaLand, CityDev, Olam and Venture – made it to Forbes Asia’s inaugural Best Over A Billion series, announced last week. AEM – was unveiled in Forbes’ long-established Best Under A Billion 2019 list in July.
For the month of August, 23 stocks primary-listed on SGX repurchased more than 70 million shares with a total consideration of S$70 million. This was up from S$42 million in July 2019 and down from S$245 million in August 2018. Buyback consideration was led by Yangzijiang Shipbuilding, DBS, ST Engineering, Stamford Land and Keppel REIT.
Singapore lists over 100 stocks and trusts with market cap above S$1 billion, of which 32 have 12M dividend indicated yields of 4.5% and above. The 5 highest-yielding REITs and business trusts are: Hutchison Port Holdings Trust (9.6%), CapitaLand Retail China Trust (6.7%), Frasers Logistics Trust (6.5%), OUE Commercial REIT (6.4%) and Frasers Hospitality Trust (6.4%). The 5 highest-yielding companies are: StarHub (9.5%), Yanlord Land (6.3%), Hong Leong Finance (5.8%), Yangzijiang Shipbuilding (5.7%) and Singtel (5.6%).
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