The 10 largest transport-linked plays on SGX have a combined market capitalisation of more than S$30 billion. They include airline, bus, subway and taxi operators, shipping companies, as well as those that provide engineering support, logistics, inflight catering and airport handling services. Four of the 10 stocks are also STI constituents.
Among the 10, the five largest, best-performing transport-linked plays in the YTD are: SBS Transit (+18.1%), ComfortDelGro (+13.0%), SATS (+9.4%), SIA (+4.4%), and PACC Offshore (+3.4%). They have generated a total return of +9.7% in the YTD, bringing their 1Y and 3Y total returns to -2.2% and +14.4% respectively.
In terms of ROE, four of these five stocks have registered positive levels – ranging from 2.9% for SIA to 16.9% for SBS Transit, while PACC Offshore has a negative ROE of 38.8%. The five plays also average a dividend yield of 3.2%.
SGX lists more than 20 transport-related stocks, which include companies that provide air, road, rail and sea transportation, as well as businesses that supply ancillary services to transport providers.
The 10 largest transport-linked stocks on SGX have a combined market capitalisation of more than S$30 billion. They include airline, bus, subway and taxi operators, shipping companies, as well as those that provide engineering support, logistics, inflight catering and airport handling services. These 10 companies are highly diversified in terms of the scope of their businesses, as well as their geographical exposure, with most deriving revenues from across the Asia Pacific region. 4 out of the 10 stocks – ComfortDelGro, Hutchison Port Holdings Trust, SATS and Singapore Airlines – are also constituents of the benchmark Straits Times Index (STI).
In the 2019 year-to-date, the 5 largest, best-performing transport-linked plays are: SBS Transit (+18.1%), ComfortDelGro (+13.0%), SATS (+9.4%), SIA (+4.4%), and PACC Offshore Services (+3.4%). These 5 have generated a total return of +9.7% in the YTD, bringing their one-year and three-year total returns to -2.2% and +14.4% respectively. They also average a dividend yield of 3.2%. In comparison, the STI and the broader FTSE ST All-Share Index have registered total returns of 6.4% and 6.5% respectively over the same period.
In terms of return on equity (ROE), 4 of these 5 transport-related plays have registered positive ROE levels – ranging from 2.9% for SIA to 16.9% for SBS Transit. PACC Offshore Services has a negative ROE of 38.8%.
The table below details the 20 largest transport-linked stocks on SGX, sorted by YTD total return.
| Name | SGX Code |
Market Cap S$m |
Total Return YTD % |
1Y Total Return (%) |
3Y Total Return (%) |
P/E (x) |
ROE (%) |
Div Yld (%) |
|---|---|---|---|---|---|---|---|---|
| SBS TRANSIT | S61 | 1,010 | 18.1 | 25.9 | 71.2 | 12.2 | 16.9 | 4.0 |
| COMFORTDELGRO CORP | C52 | 5,218 | 13.0 | 24.7 | -7.1 | 17.7 | 11.8 | 4.3 |
| SATS LTD | S58 | 5,683 | 9.4 | 1.6 | 47.1 | 21.7 | 16.0 | 3.5 |
| SINGAPORE AIRLINES | C6L | 11,777 | 4.4 | -10.1 | -5.4 | 33.1 | 2.9 | 3.9 |
| PACC OFFSHORE SERVICES | U6C | 332 | 3.4 | -53.1 | -33.7 | NA | -38.8 | NA |
| SIA ENGINEERING | S59 | 2,585 | 3.1 | -27.3 | -23.7 | 15.9 | 11.1 | 5.1 |
| HUTCHISON PORT HOLDINGS TRUST | NS8U | 3,014 | 1.6 | -23.1 | -36.5 | 0.6* | -19.2 | 9.1 |
| KEPPEL T&T | K11 | 1,057 | 1.1 | 21.7 | 46.6 | 16.1 | 7.1 | 0.0 |
| PAN-UNITED CORP | P52 | 168 | 0.0 | -43.0 | -24.9 | 21.9 | 3.0 | 3.3 |
| PAN OCEAN CO | AZY | 2,967 | -4.6 | -24.3 | 15.1 | NA | 6.6 | NA |
| Average | 4.9 | -10.7 | 4.9 |
Source: Bloomberg & StockFacts (data as of 19 Feb 2019)
* P/B instead of P/E provided as more relevant for business trusts
