SGX Market Updates

Highlights of Billionaire Plays on SGX


PUBLISHED ON |

29 August 2019

  • Singapore lists over 100 stocks and trusts with market cap above S$1 billion, of which 32 have 12M dividend indicated yields of 4.5% and above, vs the STI’s yield of about 4.2%. Among these, 22 are REITs, stapled and/or business trusts, while 10 are companies.

  • Among the 32, the five highest-yielding REITs and business trusts are: Hutchison Port Holdings Trust (9.6%), CapitaLand Retail China Trust (6.7%), Frasers Logistics Trust (6.5%), OUE Commercial REIT (6.4%) and Frasers Hospitality Trust (6.4%). They average a 12M dividend indicated yield of 7.1%.

  • Among the 32, the five highest-yielding companies are: StarHub (9.5%), Yanlord Land (6.3%), Hong Leong Finance (5.8%), Yangzijiang Shipbuilding (5.7%) and Singtel (5.6%). They average a 12M indicated yield of 6.6%.

  • Of the more than 100 stocks and trusts on SGX with market cap above S$1 billion, the five best performers in the YTD were: TPV Tech (+237.6%), SBS Transit (+55.3%), Thai Bev (+50.9%), Ascendas Hospitality Trust (+43.9%) and Keppel DC REIT (+39.1%). They averaged a YTD total return of +85.4%.




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



Best-Yielding Billionaire Plays

In this list of more than 100 stocks/trusts, 32 have 12-month dividend indicated yields of 4.5% and above, compared with the STI’s current yield of about 4.2%. Among these, 22 are categorised as REITs, stapled and/or business trusts, while 10 are companies. Seven are constituents of the benchmark Straits Times Index (STI). 

Among the 32, the 5 highest-yielding REITs and business trusts are: Hutchison Port Holdings Trust (9.6%), CapitaLand Retail China Trust (6.7%), Frasers Logistics Trust (6.5%), OUE Commercial REIT (6.4%) and Frasers Hospitality Trust (6.4%). These 5 trusts average a 12M indicated yield of 7.1%, and are categorised to the industrial, retail, office and hospitality segments.


The table below details the 22 REITs and business trusts with market cap above S$1 billion and 12M indicated yields of 4.5% and above, sorted by yield.

Name SGX
Code
Market
Cap
S$m
12M Ind Yld
(%)
Total
Return
YTD
%
Total
Return
1 Yr
%
Total
Return
3 Yr
%
HUTCHISON PORT HLDGS TRUST ^ NS8U 1,936 9.6 -28.1 -28.0 -52.7
CAPITALAND RETAIL CHINA TRUST AU8U 1,688 6.7 21.3 13.8 15.9
FRASERS LOGISTICS TRUST BWQU 2,721 6.5 27.2 60.8 48.5
OUE COMMERCIAL REIT TS0U 1,477 6.4 20.9 -8.4 6.9
FRASERS HOSPITALITY TRUST ACV 1,326 6.4 3.1 5.1 14.7
ASCENDAS HOSPITALITY TRUST Q1P 1,206 6.0 43.9 40.9 80.8
STARHILL GLOBAL REIT P40U 1,625 6.0 13.8 13.3 10.9
FRASERS COMMERCIAL TRUST ND8U 1,479 5.9 24.7 24.2 46.4
OUE HOSPITALITY TRUST SK7 1,332 5.9 13.7 0.1 29.4
MAPLETREE NORTH ASIA COMMERCIAL TRUST RW0U 4,136 5.7 20.1 21.1 45.7
KEPPEL INFRASTRUCTURE TRUST A7RU 2,338 5.6 12.6 8.1 28.0
NETLINK NBN TRUST CJLU 3,449 5.6 18.5 18.3 0.0
FAR EAST HOSPITALITY TRUST Q5T 1,268 5.6 13.0 7.9 30.4
MAPLETREE INDUSTRIAL TRUST ME8U 4,554 5.5 23.6 21.8 53.8
ASCOTT RESIDENCE TRUST A68U 2,830 5.3 27.9 25.6 42.5
ASCENDAS REIT A17U 9,463 5.3 23.5 20.3 47.0
MAPLETREE LOGISTICS TRUST M44U 5,569 5.2 29.0 31.0 77.1
CDL HOSPITALITY TRUSTS J85 1,902 5.2 15.2 8.5 39.5
ASCENDAS INDIA TRUST CY6U 1,523 5.2 38.2 31.9 60.6
SPH REIT SK6U 2,850 5.1 14.4 16.6 31.5
KEPPEL REIT K71U 4,178 4.5 11.7 8.3 33.2
SUNTEC REIT T82U 5,232 4.5 9.3 6.0 29.2
Average 5.8 18.1 15.8 32.7

Source: Bloomberg & StockFacts (data as of 28 Aug 2019)
^ traded in USD with SGD equivalents shown in table.



Among the 32, the five highest-yielding companies are: StarHub (9.5%), Yanlord Land Group (6.3%), Hong Leong Finance (5.8%), Yangzijiang Shipbuilding (5.7%) and Singtel (5.6%). They average a 12M indicated yield of 6.6%, and are categorised to the industrials, communications services, real estate and financial services sectors.


The table below details the 10 companies with market cap above S$1 billion and 12M indicated yields above 4.5%, sorted by yield.

Name SGX
Code
Market
Cap
S$m
12M Ind Yld
(%)
Total
Return
YTD
%
Total
Return
1 Yr
%
Total
Return
3 Yr
%
STARHUB LTD CC3 2,320 9.5 -20.8 -14.2 -56.5
YANLORD LAND GROUP Z25 2,125 6.3 -6.8 -24.7 -4.6
HONG LEONG FINANCE S41 1,155 5.8 7.4 4.9 32.5
YANGZIJIANG SHIPBLDG BS6 3,559 5.7 -26.7 -18.2 25.6
SINGTEL Z74 52,253 5.6 11.0 3.6 -12.4
DBS GROUP HLDGS D05 61,745 5.0 6.0 -1.1 82.0
FRASERS PROPERTY TQ5 5,169 4.9 11.9 10.6 33.7
SILVERLAKE AXIS 5CP 1,283 4.7 10.1 2.0 -8.6
SIA ENGINEERING S59 2,711 4.6 8.0 -16.2 -29.7
OCBC BANK O39 45,680 4.6 -2.6 -4.5 35.7
Average 5.7 -0.2 -5.8 9.8

Source: Bloomberg & StockFacts (data as of 28 Aug 2019)




Billionaire YTD Performers

Among the more than 100 stocks and trusts on SGX with market cap above S$1 billion, the 5 best performers in the 2019 year-to-date were: TPV Technology (+237.6%), SBS Transit (+55.3%), Thai Beverage PCL (+50.9%), Ascendas Hospitality Trust (+43.9%) and Keppel DC REIT (+39.1%). The 5 have averaged a total return of +85.4% in the YTD, bringing their one-year and three-year total returns to +110.6% and +75.0% respectively.

These stocks are categorised to the technology, transport services and consumer staples sectors, while the trusts are focused on the hospitality and industrials segments.


The table below details the 10 best-performing stocks/trusts with market cap above S$1 billion in the YTD, sorted by YTD total return.

Name SGX
Code
Market
Cap
S$m
Total
Return
YTD
%
Total
Return
1 Yr
%
Total
Return
3 Yr
%
TPV TECHNOLOGY * T18 1,525 237.6 366.9 126.3
SBS TRANSIT S61 1,281 55.3 63.8 94.8
THAI BEVERAGE Y92 22,602 50.9 47.2 -1.5
ASCENDAS HOSPITALITY TRUST # Q1P 1,206 43.9 40.9 80.8
KEPPEL DC REIT AJBU 2,394 39.1 34.1 74.5
ASCENDAS INDIA TRUST CY6U 1,523 38.2 31.9 60.6
MAPLETREE COMMERCIAL TRUST N2IU 6,139 37.7 42.2 67.1
FRASERS CENTREPOINT TRUST J69U 3,024 29.9 24.7 45.6
MAPLETREE LOGISTICS TRUST M44U 5,569 29.0 31.0 77.1
MANULIFE US REIT ^ BTOU 1,747 28.4 17.8 48.6
Average 59.0 70.1 67.4

Source: Bloomberg & StockFacts (data as of 28 Aug 2019)
^ traded in USD with SGD equivalents shown in table
* privatisation offer
# merger proposal



Earlier this month, electrical components firm CEIEC (HK) and parties acting in concert with it have proposed to take TPV Technology private through a scheme of arrangement.

Note also that Ascendas Hospitality Trust and Ascott Residence Trust last month jointly proposed a merger to form Asia Pacific’s largest hospitality trust and the world’s 8th largest, with an asset value of more than S$7 billion.

In the YTD, the 5 least-performing stocks/trusts with market cap above S$1 billion on SGX were: Mandarin Oriental (-29.4%), Hutchison Port Holdings Trust (-28.1%), Sembcorp Marine (-27.9%), Yangzijiang Shipbuilding (-26.7%) and Shangri-La Asia (-24.2%).







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