The 30 constituents of the benchmark Straits Times Index (STI) are expected to report their latest quarter or financial year results in the next 2 months. SPH and SGX have already reported their December quarter earnings over the past 2 weeks.
CapitaLand Mall Trust, Keppel Corp, CapitaLand Commercial Trust and Ascendas REIT are expected to release their results this week.
The STI has generated a year-to-date total return of 4.89%, outperforming the MSCI Asia Pacific Index’s year-to-date total return of 4.47%. The 30 STI constituents averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 16x and 2.7x respectively.
The 30 constituents of the benchmark Straits Times Index (STI) are expected to report their latest quarter or financial year results in the next 2 months. SPH and SGX have already reported their December quarter earnings over the past two weeks, while CapitaLand Mall Trust, Keppel Corp, CapitaLand Commercial Trust and Ascendas REIT are expected to release their results this week.
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.
|SPH||T39||Friday, January 12, 2018||Confirmed||Q1 18|
|Singapore Exchange||S68||Friday, January 19, 2018||Confirmed||Q2 18|
|CapitaLand Mall Trust||C38U||Wednesday, January 24, 2018||Confirmed||Y 17|
|Keppel Corp||BN4||Thursday, January 25, 2018||Confirmed||Y 17|
|CapitaLand Commercial Trust||C61U||Thursday, January 25, 2018||Confirmed||Y 17|
|Ascendas REIT||A17U||Thursday, January 25, 2018||Confirmed||Q3 18|
|Hutchison Port Hldgs Trust*||NS8U||Monday, February 05, 2018||Confirmed||Y 17|
|DBS Group Hldgs||D05||Thursday, February 08, 2018||Confirmed||Y 17|
|SingTel||Z74||Friday, February 09, 2018||Estimated||Q3 18|
|SATS||S58||Friday, February 09, 2018||Estimated||Q3 18|
|ComfortDelGro||C52||Tuesday, February 13, 2018||Confirmed||Y 17|
|Singapore Airlines||C6L||Tuesday, February 13, 2018||Confirmed||Q3 18|
|Oversea-Chinese Banking Corp||O39||Wednesday, February 14, 2018||Confirmed||Y 17|
|United Overseas Bank||U11||Wednesday, February 14, 2018||Confirmed||Y 17|
|Thai Beverage PCL||Y92||Wednesday, February 14, 2018||Estimated||Q1 18|
|StarHub||CC3||Wednesday, February 14, 2018||Confirmed||Y 17|
|CapitaLand||C31||Thursday, February 15, 2018||Estimated||Y 17|
|Singapore Technologies Engineering||S63||Thursday, February 15, 2018||Estimated||Y 17|
|Wilmar International||F34||Thursday, February 22, 2018||Confirmed||Y 17|
|Sembcorp Industries||U96||Thursday, February 22, 2018||Confirmed||Y 17|
|UOL Group||U14||Friday, February 23, 2018||Estimated||Y 17|
|Venture Corp||V03||Friday, February 23, 2018||Estimated||Y 17|
|Golden Agri-Resources||E5H||Friday, February 23, 2018||Estimated||Y 17|
|Genting Singapore PLC||G13||Friday, February 23, 2018||Confirmed||Y 17|
|Jardine Cycle & Carriage||C07||Tuesday, February 27, 2018||Estimated||Y 17|
|City Developments||C09||Wednesday, February 28, 2018||Confirmed||Y 17|
|Jardine Matheson Hldgs*||J36||Thursday, March 01, 2018||Estimated||Y 17|
|Jardine Strategic Hldgs*||J37||Thursday, March 01, 2018||Estimated||Y 17|
|Hongkong Land Hldgs*||H78||Thursday, March 01, 2018||Estimated||Y 17|
|Yangzijiang Shipbuilding Hldgs||BS6||Thursday, March 01, 2018||Estimated||Y 17|
Source: Bloomberg & SGX StockFacts (data as of 22 January 2018).
The STI has generated a year-to-date total return of 4.89%, outperforming the MSCI Asia Pacific Index’s total return of 4.47%. The 30 constituents averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 16x and 2.7x respectively. The STI also has an average dividend yield of 3.1% and an average Return on Equity of 16.7%.
STI’s Three Largest Stocks
The three largest capitalised stocks of the STI are DBS Group Holdings, Jardine Matheson Holdings and Jardine Strategic Holdings, which averaged a year-to-date total return of 5.1%. DBS is expected to release its 4Q and full-year 2017 results on 8 February, while the two Jardine stocks will unveil their FY2017 earnings possibly later in February or March.
DBS Group Holdings reported a 4% YoY rise in total income for its third quarter ended 30 September 2017. The bank noted in its results statement that third-quarter and nine-month total income and profit before allowance reached record highs, with quarterly total income crossing the S$3 billion mark for the first time, driven by loans growth and fee income.
For their half-year ended 30 June 2017 results, Jardine Matheson and Jardine Strategic both reported YoY increases in underlying profit of 20% and 21% respectively. Both noted in their results statements that most Group companies had posted “good performances” and maintained “strong” financial positions during the period under review.
The table below shows the comparative performances of the constituents of STI, sorted by market capitalisation.
|GICS Sub Industry|
|DBS Group Hldgs||D05||67,624||26.4||47.7||6.4||16.4||1.5||2.4||Diversified Banks|
|Jardine Matheson Hldgs*||J36||62,778||65.5||4.0||6.5||6.8||0.9||2.4||Industrial Conglomerates|
|Jardine Strategic Hldgs*||J37||60,053||41.1||11.0||2.5||6.2||0.8||0.8||Industrial Conglomerates|
|Oversea-Chinese Banking Corp||O39||55,081||13.2||43.6||6.2||14.3||1.5||2.7||Diversified Banks|
|United Overseas Bank||U11||46,466||27.9||33.7||5.6||14.3||1.4||2.5||Diversified Banks|
|Thai Beverage PCL||Y92||23,101||0.9||11.3||0.0||16.1||4.3||3.0||Distillers & Vintners|
|Hongkong Land Hldgs*||H78||22,108||7.1||5.5||-0.1||3.2||0.5||2.7||Real Estate|
|Wilmar International||F34||20,179||3.2||-12.1||3.2||11.2||1.0||2.2||Agricultural Products|
|CapitaLand||C31||16,267||3.8||20.1||8.5||9.5||0.9||2.6||Diversified Real Estate|
|Genting Singapore PLC||G13||16,012||1.3||48.6||1.5||25.4||2.2||2.3||Casinos & Gaming|
|Jardine Cycle & Carriage||C07||15,699||39.7||1.0||-2.3||14.9||2.0||2.6||Distributors|
|Keppel Corp||BN4||15,032||8.3||30.9||12.8||17.6||1.3||2.3||Industrial Conglomerates|
|City Developments||C09||12,094||13.3||53.1||6.5||20.7||1.3||0.6||Diversified Real Estate|
|Singapore Technologies Engineering||S63||10,469||3.4||5.0||3.1||20.3||5.0||4.4||Aerospace & Defense|
|Singapore Exchange||S68||8,944||8.4||7.9||12.2||25.7||9.2||3.3||Financial Exchange|
|Ascendas REIT||A17U||8,057||2.8||27.4||2.6||17.6||1.3||6.0||Industrial REITs|
|UOL Group||U14||7,787||9.3||51.2||4.3||8.7||0.8||1.6||Diversified Real Estate|
|CapitaLand Mall Trust||C38U||7,341||2.1||19.5||-2.8||11.6||1.1||5.4||Retail REITs|
|CapitaLand Commercial Trust||C61U||7,000||1.9||42.1||0.5||9.6||1.1||4.6||Office REITs|
|Venture Corp||V03||6,818||23.9||115.4||16.7||23.6||3.3||2.1||Electronic Manufacturing|
|Yangzijiang Shipbuilding Hldgs||BS6||6,350||1.6||86.3||8.8||10.4||1.2||2.5||Construction Machinery|
|Sembcorp Industries||U96||6,032||3.4||8.8||11.6||19.2||1.0||2.0||Industrial Conglomerates|
|Golden Agri-Resources||E5H||4,839||0.4||-10.8||2.7||24.8||0.9||3.6||Agricultural Products|
|Hutchison Port Hldgs Trust*||NS8U||4,713||0.4||-4.5||-2.5||25.6||0.7||5.9||Marine Ports & Services|
Source: Bloomberg & SGX StockFacts (data as of 22 January 2018).
* Last price of companies are denoted in their respective trading currencies. SGD equivalents are shown in table.