SGX Market Updates

2017 December Quarter STI Earnings Schedule


PUBLISHED ON |

24 January 2018

  • 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. 
Name SGX
Code
Date Confirmed/
Estimated
Period
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.
Name SGX
Code
Market
Cap
S$m
Last
Price*
Total
Return
2017
%
Total
Return
YTD
%
P/E
(x)
P/B
(x)
Dvd
 Ind Yld
%
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
SingTel Z74 59,112 3.6 3.2 1.4 10.3 2.0 4.8 Telco Services
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
Singapore Airlines C6L 13,138 11.1 12.5 4.1 28.3 1.0 1.9 Airlines
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
SATS S58 6,514 5.8 10.9 11.9 24.9 4.1 3.0 Airport Services
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
StarHub CC3 5,118 3.0 7.9 3.9 17.8 26.4 5.7 Wireless Telco
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
ComfortDelGro C52 4,543 2.1 -16.4 6.1 14.5 1.8 5.0 Trucking
SPH T39 4,287 2.7 -21.0 1.1 11.7 1.2 3.3 Publishing
Average 21.5 4.8 16.0 2.7 3.1

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.







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