SGX Market Updates

STI September Quarter Earnings Schedule


PUBLISHED ON |

10 October 2017

  • Singapore Press Holdings will kick-start the September quarter earnings reporting season for Straits Times Index (STI) constituents tomorrow. Keppel Corp will follow suit next week, releasing their earnings on 19 October.

  • In the year-to-date, the Straits Times Index (STI) generated a total return of 17.6%, above the average of 15.1% for regional indices in SGD terms.

  • The simple average total return of the 30 constituents was 17.7% in the year-to-date, and they have a median Return on Equity (ROE) of 9.7%. They averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 15.7x and 2.4x respectively, and a ROE of 15.9%*. The 30 stocks also maintain an average dividend yield of 3.5%.




Earnings Release Schedule

Singapore Press Holdings will kick-start the September quarter earnings reporting season for constituents of the benchmark Straits Times Index (STI) tomorrow. Keppel Corp will follow suit next week, releasing their earnings on 19 October. CapitaLand Mall Trust and CapitaLand Commercial Trust will release their results on 20 October.

Investors can subscribe to the weekly Economic Calendar (click here) for confirmed schedules of other STI component stocks closer to the event.

The table below details the confirmed and estimated dates for earnings releases of STI constituent companies, sorted by date.

Name SGX Code Date Confirmed/ Estimated Period
Singapore Press Hldgs T39 11/10/2017 Confirmed Y 17
Keppel Corp BN4 19/10/2017 Confirmed Q3 17
CapitaLand Mall Trust C38U 20/10/2017 Confirmed Q3 17
Ascendas REIT A17U 20/10/2017 Estimated Q2 18
CapitaLand Commercial Trust C61U 20/10/2017 Confirmed Q3 17
Hutchison Port Hldgs Trust NS8U 24/10/2017 Estimated Q3 17
Singapore Exchange S68 25/10/2017 Confirmed Q1 18
Oversea-Chinese Banking Corp O39 26/10/2017 Confirmed Q3 17
DBS Group Hldgs D05 31/10/2017 Estimated Q3 17
Sembcorp Industries U96 2/11/2017 Confirmed Q3 17
StarHub CC3 2/11/2017 Estimated Q3 17
Singapore Airlines C6L 3/11/2017 Estimated Q2 18
Genting Singapore PLC G13 3/11/2017 Estimated Q3 17
United Overseas Bank U11 3/11/2017 Confirmed Q3 17
Jardine Cycle & Carriage C07 8/11/2017 Estimated Q3 17
Yangzijiang Shipbuilding Hldgs BS6 8/11/2017 Estimated Q3 17
CapitaLand C31 9/11/2017 Estimated Q3 17
UOL Group U14 10/11/2017 Estimated Q3 17
SATS S58 10/11/2017 Estimated Q2 18
ComfortDelGro Corp C52 10/11/2017 Estimated Q3 17
ST Engineering S63 10/11/2017 Estimated Q3 17
City Developments C09 10/11/2017 Estimated Q3 17
Wilmar International F34 10/11/2017 Estimated Q3 17
Singtel Z74 10/11/2017 Estimated Q2 18
Global Logistic Properties MC0 10/11/2017 Confirmed Q2 18
Golden Agri-Resources E5H 14/11/2017 Estimated Q3 17
Thai Beverage PCL Y92 17/11/2017 Estimated Y 17
Jardine Strategic Hldgs J37 - - -
Jardine Matheson Hldgs J36 - - -
Hongkong Land Hldgs H78 - - -

Source: Bloomberg & SGX (data as of 9 October 2017)



Comparative Performance of Regional Benchmark Indices

In the year-to-date, the Straits Times Index (STI) generated a total return of 17.6%, above the average of 15.1% for regional indices in SGD terms. The STI also maintained the highest average dividend indicated yield as compared to its regional peers.




Source: SGX, Bloomberg & SGX (data as of 9 October 2017)



The simple average total return of the 30 constituents was 17.7% in the year-to-date, and they have a median Return on Equity (ROE) of 9.7%. They averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 15.7x and 2.4x respectively, and a ROE of 15.9%*. The 30 stocks also maintain an average dividend yield of 3.5%.

The table below details the 30 constituents, sorted by market capitalisation. Click on each stock to visit its profile page on SGX StockFacts.

Name SGX
Code
Market Cap
S$b
Total Return
YTD %
ROE
%
P/E
(x)
P/B
(x)
Dvd
Ind Yld
%
GICS Sector
Jardine Strategic Hldgs J37 65.1 30.9 14.5 6.6 0.9 0.7 Industrials
Jardine Matheson Hldgs J36 63.8 20.0 16.1 6.8 0.9 2.4 Industrials
Singtel Z74 60.1 3.6 14.0 15.7 2.1 4.8 TelecommunicationServices
DBS Group Hldgs D05 54.9 27.6 9.8 12.5 1.2 2.9 Financials
Oversea-Chinese Banking Corp O39 47.7 32.0 10.5 12.8 1.3 3.2 Financials
United Overseas Bank U11 40.5 23.1 10.1 12.9 1.2 2.9 Financials
Hongkong Land Hldgs H78 23.8 20.4 16.3 3.3 0.5 2.6 Real Estate
Thai Beverage PCL Y92 23.1 11.3 28.1 16.5 4.5 3.5 Consumer Staples
Wilmar International F34 21.3 -4.4 9.4 11.2 1.0 2.0 Consumer Staples
Jardine Cycle & Carriage C07 16.0 0.4 13.4 15.3 2.0 2.5 Consumer Discretionary
CapitaLand C31 15.6 25.2 9.6 9.5 0.9 2.7 Real Estate
Global Logistic Properties MC0 15.5 53.2 8.3 15.9 1.3 1.8 Real Estate
Genting Singapore PLC G13 14.4 36.1 8.1 24.6 2.0 3.8 Consumer Discretionary
Keppel Corp BN4 12.2 20.2 6.9 15.4 1.0 3.0 Industrials
Singapore Airlines C6L 12.1 6.8 2.5 35.8 0.9 2.0 Industrials
City Developments C09 10.7 44.0 6.8 17.7 1.2 0.7 Real Estate
ST Engineering S63 10.5 8.9 22.4 22.8 5.0 4.4 Industrials
Singapore Exchange S68 8.2 9.6 33.6 24.0 7.9 3.7 Financials
Ascendas REIT A17U 7.8 22.3 8.0 17.2 1.3 6.7 Real Estate
CapitaLand Mall Trust C38U 7.2 12.9 9.0 11.7 1.0 5.5 Real Estate
UOL Group U14 7.2 45.6 4.1 20.8 0.8 1.8 Real Estate
Yangzijiang Shipbuilding Hldgs BS6 5.9 88.9 10.1 12.2 1.2 2.6 Industrials
Sembcorp Industries U96 5.5 11.7 6.6 16.0 0.9 2.3 Industrials
CapitaLand Commercial Trust C61U 5.2 21.5 9.5 9.8 0.9 5.6 Real Estate
SATS S58 5.2 -2.0 15.6 20.8 3.1 3.7 Industrials
Hutchison Port Hldgs Trust NS8U 5.1 7.1 3.1 23.6 0.7 7.9 Industrials
Golden Agri-Resources E5H 4.9 -8.9 8.3 10.8 0.9 1.6 Consumer Staples
StarHub CC3 4.5 -1.9 143.2* 15.2 23.3 6.8 TelecommunicationServices
ComfortDelGro Corp C52 4.4 -14.3 13.1 13.5 1.7 5.1 Industrials
Singapore Press Hldgs T39 4.4 -21.3 6.1 19.3 1.3 5.1 Consumer Discretionary
Average 17.7 15.9 15.7 2.4 3.5

Source: SGX, Bloomberg & SGX (data as of 9 October 2017)

* Note that StarHub, Singapore’s second-largest telecommunications operator, has the highest ROE of 143.2% in the STI. This is due to the fact that its shareholders’ equity at the group level is lower than at the listed company level following the adoption of merger accounting in July 2002, when the shares of cable TV provider SCV were acquired and consolidated into the StarHub Group. It is not included in the calculation of the average ROE.



Did You Know?

The Straits Times Index (STI) is the most globally recognised benchmark index and market barometer for Singapore. With a history dating back to 1966, it tracks the performance of the 30 largest and most liquid companies listed on SGX. The 30 constituents are free-float weighted to ensure that only the investable opportunity set is included within the index. The combined market capitalisation of the STI stands at S$583 billion.







This article is provided by SGX My Gateway.



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