SGX Market Updates

2019 March Quarter Earnings Schedule for STI Constituents


PUBLISHED ON |

18 April 2019

  • On 9 Apr 2019, SPH kick-started the latest quarterly reporting season with the release of its fiscal second quarter results ended 28 February 2019.

  • Today, CapitaLand Commercial Trust and Keppel Corp are scheduled to release their financial results for the first quarter of 2019. The remaining constituents of the benchmark STI are expected to report their latest quarterly or full-year results in the coming weeks.

  • The STI has generated total returns of -6.5% and 9.6%  in 2018 and in the 2019 YTD respectively. With a combined market capitalisation of S$535 billion, the 30 constituents of the index have averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 18.9x and 1.9x respectively.




SPH kick-started the latest quarterly reporting season with the release of its fiscal second quarter results ended 28 February 2019, while CapitaLand Commercial Trust and Keppel Corp will release their first quarter financial results today. The rest of the constituents of the benchmark Straits Times Index (STI) are expected to report their latest quarter or full-year results in the coming weeks.

Investors can subscribe to the weekly Economic Calendar (click here) for confirmed schedules of other STI component stocks closer to the date.

The table below details the confirmed, estimated and released dates of earnings releases by STI constituent stocks, sorted by date.

Name SGX Code Date Date type Period
Singapore Press Holdings T39 9-Apr-19 Reported Q2
CapitaLand Commercial Trust C61U 18-Apr-19 Confirmed Q1
Keppel Corp BN4 18-Apr-19 Confirmed Q1
CapitaLand Mall Trust C38U 24-Apr-19 Confirmed Q1
Singapore Exchange S68 25-Apr-19 Estimated Q3
Venture Corp V03 25-Apr-19 Confirmed Q1
Yangzijiang Shipbuilding BS6 26-Apr-19 Estimated Q1
Hutchison Port Holdings Trust NS8U 26-Apr-19 Confirmed Q1
Jardine Cycle & Carriage C07 26-Apr-19 Estimated Q1
Ascendas REIT A17U 29-Apr-19 Confirmed FY18
DBS D05 29-Apr-19 Confirmed Q1
CapitaLand C31 30-Apr-19 Confirmed Q1
United Overseas Bank U11 3-May-19 Confirmed Q1
UOL Group U14 10-May-19 Estimated Q1
City Developments C09 10-May-19 Estimated Q1
Genting Singapore G13 10-May-19 Estimated Q1
Wilmar International F34 10-May-19 Estimated Q1
Singapore Technologies Engineering S63 10-May-19 Estimated Q1
Oversea-Chinese Banking Corp O39 10-May-19 Confirmed Q1
ComfortDelGro C52 14-May-19 Confirmed Q1
Golden Agri-Resources E5H 15-May-19 Estimated Q1
Sembcorp Industries U96 15-May-19 Confirmed Q1
Thai Beverage PCL Y92 15-May-19 Estimated Q2
Singapore Telecommunications Z74 17-May-19 Estimated FY18
Singapore Airlines C6L 17-May-19 Estimated FY18
SATS S58 30-May-19 Estimated FY18
Hongkong Land* H78 26-Jul-19 Estimated S1
Dairy Farm International* D01 1-Aug-19 Confirmed S1
Jardine Matheson* J36 2-Aug-19 Confirmed S1
Jardine Strategic* J37 2-Aug-19 Confirmed S1

Source: Bloomberg & StockFacts as of 17 Apr 2019
* These stocks report earnings on a semi-annual basis



Performance of the STI Constituents

The STI has generated a total return of 9.6% in the 2019 year-to-date, after registering a total return of -6.5% in 2018. The 30 constituents of the Index have a combined market capitalisation of over S$535 billion and have averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 18.9x and 1.9x respectively. The STI also has a dividend yield of 4%.

The table below details the comparative performances of the 30 constituents of the STI, sorted by market capitalisation.

Name SGX
Code
Market
Cap
S$m
Total
Return
YTD
(%)
Total
Return
1Y
(%)
Total
Return
3Y
(%)
DBS D05 69,483 16.0 1.6 98.7
Singapore Telecommunications Z74 51,272 6.8 -1.8 -4.9
Oversea-Chinese Banking Corp O39 49,626 4.1 -8.5 40.3
Jardine Matheson^ J36 46,635 -7.0 7.3 17.5
United Overseas Bank U11 44,408 9.4 -1.5 52.6
Jardine Strategic^ J37 40,928 1.8 -1.3 23.5
Wilmar International F34 23,034 18.3 21.0 13.9
Thai Beverage PCL Y92 20,216 35.5 4.2 26.5
Hongkong Land^ H78 16,752 15.0 3.9 22.6
CapitaLand C31 15,239 18.3 4.1 28.3
Jardine Cycle & Carriage C07 13,628 1.8 6.4 -8.6
Singapore Technologies Engineering S63 12,018 10.6 12.0 31.1
Keppel Corp BN4 12,010 14.4 -9.6 24.7
Singapore Airlines C6L 11,659 4.9 -4.9 -4.1
Genting Singapore G13 11,635 -1.5 -16.8 23.1
Dairy Farm International^ D01 10,673 -11.2 -2.0 32.1
Ascendas REIT A17U 9,177 14.4 16.9 38.4
CapitaLand Mall Trust C38U 8,704 3.8 17.6 26.2
City Developments C09 8,452 14.0 -25.2 10.5
Singapore Exchange S68 7,756 2.5 2.3 3.4
CapitaLand Commercial Trust C61U 7,386 12.9 11.9 62.3
Yangzijiang Shipbuilding BS6 6,353 27.2 38.1 74.3
UOL Group U14 6,265 25.7 -8.3 37.2
SATS S58 5,850 12.7 3.2 43.6
ComfortDelGro C52 5,652 21.9 25.8 1.9
Venture Corp V03 5,573 37.8 -30.2 165.8
Sembcorp Industries U96 4,861 7.5 -10.1 -3.9
Singapore Press Holdings T39 3,915 4.7 -0.6 -30.5
Golden Agri-Resources E5H 3,820 24.5 -11.3 -23.6
Hutchison Port Holdings Trust^ NS8U 2,047 2.4 -20.8 -38.7
Average 11.6 0.8 26.1


Name SGX
Code
Market
Cap
S$m
P/E
(x)
P/B
(x)
Dvd
Ind Yld
%
DBS D05 69,483 12.8 1.3 4.4
Singapore Telecommunications Z74 51,272 16.5 2.0 5.6
Oversea-Chinese Banking Corp O39 49,626 11.0 1.3 3.7
Jardine Matheson^ J36 46,635 13.8 0.9 2.7
United Overseas Bank U11 44,408 11.5 1.2 3.7
Jardine Strategic^ J37 40,928 11.5 1.4 0.9
Wilmar International F34 23,034 15.0 0.9 2.9
Thai Beverage PCL Y92 20,216 20.9 4.3 2.1
Hongkong Land^ H78 16,752 6.8 0.5 3.1
CapitaLand C31 15,239 9.5 0.8 3.3
Jardine Cycle & Carriage C07 13,628 25.0 1.9 3.3
Singapore Technologies Engineering S63 12,018 24.5 4.6 3.9
Keppel Corp BN4 12,010 13.1 1.2 3.7
Singapore Airlines C6L 11,659 17.7 0.9 3.9
Genting Singapore G13 11,635 15.3 2.1 3.7
Dairy Farm International^ D01 10,673 116.0 6.3 2.7
Ascendas REIT A17U 9,177 18.1 1.3 4.5
CapitaLand Mall Trust C38U 8,704 12.3 1.1 4.2
City Developments C09 8,452 16.2 1.2 1.5
Singapore Exchange S68 7,756 21.0 8.2 4.8
CapitaLand Commercial Trust C61U 7,386 13.6 1.1 3.8
Yangzijiang Shipbuilding BS6 6,353 8.7 1.1 2.8
UOL Group U14 6,265 15.1 0.8 2.3
SATS S58 5,850 22.2 3.7 3.4
ComfortDelGro C52 5,652 18.7 1.6 4.0
Venture Corp V03 5,573 13.8 2.7 3.6
Sembcorp Industries U96 4,861 14.1 0.8 1.5
Singapore Press Holdings T39 3,915 14.4 1.2 3.5
Golden Agri-Resources E5H 3,820 - 0.9 1.9
Hutchison Port Holdings Trust^ NS8U 2,047 - 0.7 10.4
Average 18.9 1.9 3.5

Source: Bloomberg & StockFacts (17 April 2019)
^ These stocks are traded in USD, with their SGD equivalents shown in table.







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