• 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. 

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.

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.