SGX Market Updates

Highlights of Singapore’s Billionaire Stocks


PUBLISHED ON |

13 November 2018

  • Singapore lists close to 100 stocks with a market cap above S$1 billion. These stocks provide a wide range of investment choices, spanning both local and international businesses that operate across different sectors and industries.

  • In the 2018 YTD, the 10 best-performing billionaire stocks were: Sri Trang (48.2%), Best World (44.0%), Top Glove (42.9%), Japfa (41.7%), M1 (26.7%), Keppel T&T (21.2%), Sheng Siong (18.4%), Dairy Farm (17.4%), ComfortDelGro (15.3%), and Haw Par (14.8%).

  • These 10 stocks, which span multiple sectors yet maintain a focus on providing goods and/or services to consumers, have averaged a total return of +29.0% in the YTD, bringing their average 12M and 3Y total returns to +30.7% and +215.5% respectively.




Singapore Exchange lists close to 100 stocks with a market capitalisation above S$1 billion. These stocks provide a wide range of investment choices, spanning both local and international businesses that operate across different sectors and industries.

In the 2018 year-to-date, the 10 best-performing billionaire stocks were: Sri Trang Agro-Industry (48.2%), Best World (44.0%), Top Glove (42.9%), Japfa (41.7%), M1 (26.7%), Keppel Telecommunications & Transportation (21.2%), Sheng Siong (18.4%), Dairy Farm (17.4%), ComfortDelGro (15.3%), and Haw Par (14.8%).

These 10 stocks, which span multiple sectors yet maintain a focus on providing goods and/or services to consumers, have a combined market capitalisation of S$36.8 billion. They have averaged a total return of +29.0% in the YTD, bringing their 12-month and three-year total returns to +30.7% and +215.5% respectively.


The table below details the 10 best-performing stocks with market capitalisation above S$1 billion, sorted by YTD total return. Click on the stock name to view its profile in StockFacts.


Name SGX
Code
Market Cap
S$m
Total Return
YTD (%)
Total Return
1Y (%)
Total Return
3Y (%)
Dvd Ind
Yld %
Sri Trang Agro-Industry NC2 1,182.7 48.2 51.1 90.9 1.4
Best World Intl CGN 1,016.4 44.0 50.8 1631.4 2.1
Top Glove Corp BVA 4,857.0 42.9 78.6  NA 1.4
Japfa Ltd UD2 1,319.6 41.7 35.0 57.3 0.7
M1 Ltd B2F 1,953.0 26.7 24.2 -9.6 5.4
Keppel Telecommunications & Transportation ~ K11 1,040.0 21.2 23.5 36.1 1.9
Sheng Siong Group OV8 1,593.7 18.4 14.7 39.5 3.2
Dairy Farm Intl * D01 16,303.5 17.4 10.0 48.9 2.4
ComfortDelGro Corp C52 4,719.7 15.3 13.5 -20.1 4.7
Haw Par Corp H02 2,824.3 14.8 5.9 65.0 2.0
Average 29.0 30.7 215.5 2.5

Source: Bloomberg & StockFacts as of 9 Nov 2018
* Note: Dairy Farm Intl is traded in USD with its SGD equivalents shown in table.
~ Keppel Corp announced in September 2018 its plan to privatise Keppel T&T with a S$1.91 per share cash offer.



In the YTD, the 10 least-performing billionaire stocks were: Oxley Holdings (-40.9%), Thomson Medical Group (-38.8%), CITIC Envirotech (-37.8%), Shangri-La Asia (-34.9%), Sinarmas Land (-34.8%), Hutchison Port Holdings Trust (-32.6%), Golden Agri-Resources (-32.2%), City Developments (-31.2%), Fraser and Neave (-29.7%), and StarHub Ltd (-27.8%). These 10 stocks, with a combined market capitalisation of S$32.2 billion, have averaged a total return of -34.1% in the YTD, bringing their 12-month and three-year total returns to -34.7% and -19.8% respectively.

In the month of October, M1, StarHub and Best World were top institutional net buy stocks, registering net inflows of S$65.2 million, S$22.5 million and S$19.1 million respectively. City Developments, on the other hand, was among top institutional net sell stocks, posting a net outflow of S$46.6 million.

Four billionaire stocks – Golden Agri, City Developments, Hutchison Port, and ComfortDelGro – are also constituents of Singapore’s Straits Times Index (STI). The benchmark STI ended October at 3,018.80, implying a forward price-earnings (PE) ratio of 12.3x, trading below its historical average of about 14x. The index also offers one of the highest dividend yields globally at 4.6%. 




Earnings Highlights of 3 Best-Performing Billionaire Stocks in YTD


Sri Trang Eyes Boost in Annual Output

For the second quarter ended 30 June 2018, Sri Trang swung to a net profit of 591.9 million baht, from a net loss of 2.08 billion baht in the year-ago quarter, helped by its selective selling strategy and improved raw materials management. Total revenue declined 13.6% YoY to 19.8 billion baht in the quarter.

The Group said it remains committed to doubling its market share to 20% of global natural rubber consumption over the long term, and continues to focus on broadening its customer base while expanding production capacity. It aims to boost production capacity to 2.86 million tons per annum by year-end.

Sri Trang – dual-listed on the Stock Exchange of Thailand and SGX – is the world’s largest fully integrated natural rubber company with a market share of 10% of global natural rubber consumption. It has operations in every sector of the natural rubber industry, from rubber plantations and rubber processing to the manufacture of medical examination gloves.

Click here for the full earnings release.



Best World Rides Buoyant China Growth

For the three months ended 30 September 2018, Best World reported a net attributable profit that more than doubled YoY to S$29.9 million, while revenue jumped 96.8% YoY to S$92.1 million, primarily due to the full commencement of the Franchise segment in China since July 2018.

Best World expects China to remain the Group’s key growth driver in the next reporting period and for the next 12 months. As at 30 September 2018, it has 28 franchisees throughout China with operations covering 10 provinces and one municipality, including Zhejiang, Sichuan, Guangdong, Henan, Heilongjiang and Chongqing.

Together with contributions from its operations in Taiwan, Indonesia, Hong Kong and Singapore, and barring any unforeseen circumstances, management remains cautiously optimistic that the Group will register bottom line growth for FY2018, despite recording lower revenue and profit during the transition phase in 1H2018.

Mainboard-listed Best World specialises in the development, manufacture and distribution of premium skincare, personal care, nutritional and wellness products to its member customers in the 12 markets it operates in. It has a presence in Singapore, Thailand, Taiwan, Indonesia, Malaysia, Vietnam, Hong Kong, China, Korea, Philippines, Myanmar, and Dubai.

Click here for the full earnings release.



Top Glove Pursues Aggressive Expansion Strategy

For the fourth quarter ended 31 August 2018, Top Glove reported a 7.5% YoY rise in net attributable profit to RM101.6 million. It recorded revenue of RM1.22 billion – which was the Group’s highest-ever sales achieved in a single quarter – up 34.9% YoY and 10.6% QoQ.

It attributed its strong performance to the application of advanced technology in its operations, which improved quality and efficiency whilst contributing to a reduction in manpower requirements. Robust demand growth also accounted for higher sales, with the resulting higher utilisation rate leading to better pretax profit and margins for FY2018.

To meet growing global demand for gloves, Top Glove will continue to pursue strategic expansion. It is currently expanding capacity across its facilities, which is estimated to give the Group a total of 746 production lines and output of 69.1 billion gloves per annum by 2020.

Top Glove is also looking to expand in Vietnam, and has entered an agreement to buy a land site for its factory, which is scheduled to start operations in the next two years. In support of this ambitious growth agenda, the Group will continue to explore inorganic expansion via mergers and acquisitions, as well as new set-ups in related industries.

Top Glove, the world’s largest manufacturer of gloves, is primary-listed on Bursa Malaysia, with a secondary listing on SGX. With over 2,000 customers worldwide, Top Glove exports its products to more than 195 countries.

Click here for the full earnings release.







This article is provided by SGX My Gateway.



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