SGX Market Updates

SGX 5 Best-Performing Malaysian-Based Stocks Average 21% YTD Return


PUBLISHED ON |

27 February 2019

  • The more than 700 listings on SGX have a combined market cap of nearly US$670 billion, and overseas companies comprise nearly half of this total market cap. In particular, Southeast Asian-based stocks account for more than 20% of SGX’s total market cap.

  • Over 40 stocks listed on SGX are either headquartered in Malaysia or have core operations based in the country, and have a combined market cap of over S$60 billion. Their businesses are categorised under the consumer, healthcare, real estate, information technology, energy, materials and industrials sectors.

  • Among these Malaysia-based listings, the five best performers in the YTD were: Silverlake Axis (+33.5%), Aspen Group (+28.0%), JB Foods (+16.1%), ISEC Healthcare (+13.7%), and Frencken Group (+11.9%). They have averaged a total return of +20.6% in the YTD, bringing their 1Y and 3Y total returns to -8.3% and +101.4% respectively.




SGX lists more than 700 companies with a combined market cap of nearly US$670 billion, with overseas listings contributing more than 45% to this total market cap. In particular, Southeast Asian-based companies account for more than 20% of SGX’s total market cap.

The exchange lists over 40 companies which are either headquartered or have their core operations based in Malaysia, while companies which have Indonesia as their principal place of business number more than 20.  For a recently published update on SGX’s Indonesian-based listings, click here.

3 listings – Mermaid Maritime, Sri Trang Agro-Industry and Thai Beverage – have their core operations in Thailand, while another 3 – Memories Group, Singapore Myanmar Investco and Yoma Strategic Holdings – have operations based in Myanmar. Only one, Del Monte Pacific, has the Philippines as its principal place of business.



Malaysia’s Growth Outlook

The World Bank has forecast that Malaysia’s economic growth eased to 4.7% in 2018 from 5.9% in 2017, and will continue to expand 4.7% this year, before edging lower to 4.6% in 2020. For the World Bank’s January 2019 Global Economic Prospects report, click here.

Next year, Malaysia’s growth is anticipated to return to the 4.6%-5.0% trend range, as the impact of the trade war and the government’s institutional reforms start contributing positively to the economy this year, UBS Investment Bank economist Edward Teather told Malaysian media last month.



Malaysian-Based Stocks on SGX

More than 40 stocks listed on SGX are either headquartered in Malaysia or have core operations based in the country, and have a combined market capitalisation of over S$60 billion. Their businesses are categorised under the consumer, healthcare, real estate, information technology, energy, materials and industrials sectors.

Among these Malaysia-based listings, the 5 best performers in the 2019 year-to-date were: Silverlake Axis (+33.5%), Aspen Group (+28.0%), JB Foods (+16.1%), ISEC Healthcare (+13.7%), and Frencken Group (+11.9%). These 5 stocks have averaged a total return of +20.6% in the YTD, bringing their one-year and three-year total returns to -8.3% and +101.4% respectively.

The table below details SGX’s 10 best-performing Malaysia-based stocks in the YTD, sorted by YTD total return.

Name SGX
Code
Market
Cap
S$m
Total
Return
YTD
%
1Y
Total
Return
(%)
3Y
Total
Return
(%)
P/E
(x)
Div Yld
(%)
P/B
(x)
ROE
(%)
SILVERLAKE AXIS 5CP 1,402 33.5 0.3 14.1 22.3 2.3 8.7 28.6
ASPEN GROUP 1F3 154 28.0 -33.3 0.0 4.6 0.0 1.2 31.1
JB FOODS BEW 218 16.1 24.1 274.6 5.2 1.4 1.4 29.0
ISEC HEALTHCARE 40T 142 13.7 -7.6 26.4 18.6 5.1 2.3 12.9
FRENCKEN GROUP E28 202 11.9 -25.2 191.8 6.5 4.6 0.7 11.7
DUTY FREE INTL 5SO 237 5.0 -20.8 -28.4 15.9 9.0 1.2 8.8
ASTAKA HOLDINGS 42S 165 4.8 -63.3 -58.1 0.0 0.0 2.1 -2.5
STARHILL GLOBAL REIT P40U 1,516 4.6 2.9 12.9 15.2 6.4 0.8 5.1
IHH HEALTHCARE Q0F 16,662 4.5 -8.8 -11.7 0.0 0.5 2.0 -0.7
LY CORP 1H8 120 0.0 -22.1 0.0 24.4 0.0 1.7 7.5
Average 12.2 -15.4 42.2 11.3 2.9 2.2 13.2

Source: Bloomberg & StockFacts (data as of 26 Feb 2019)







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