SGX Market Updates

Forbes Asia’s Best-Performing Growth Companies on SGX


PUBLISHED ON |

03 September 2019

  • Nine SGX-listed companies, with a combined market cap of more than S$200 billion, have been included in two lists highlighting Asia-Pacific’s top-performing companies in terms of sales and/or earnings growth, compiled by Forbes Asia.

  • Eight of them – DBS, OCBC, UOB, Wilmar, CapitaLand, CityDev, Olam and Venture – made it to Forbes Asia’s inaugural Best Over A Billion series, announced last week. The ninth – AEM – was unveiled in Forbes’ long-established Best Under A Billion 2019 list in July.

  • In 8M2019, the three best-performing stocks among the nine were: AEM (+33.4%), Wilmar (+25.5%) and CityDev (+20.6%).




Nine SGX-listed companies, which have a combined market capitalisation of more than S$200 billion, have been included in two lists highlighting Asia-Pacific’s top-performing businesses in terms of sales and/or earnings growth. Compiled by media group Forbes Asia, these two checklists comprehensively cover all of the region’s listed companies, selecting the best 400 from the smallest to the biggest, using US$1 billion in sales as a defining criteria.

Eight of them – DBS Group Holdings, Oversea-Chinese Banking Corp, United Overseas Bank, Wilmar International, CapitaLand, City Developments, Olam International and Venture Corp – made it to Forbes Asia’s inaugural Best Over A Billion series, announced last week. This tally spotlights 200 top-performing listed companies across the region with revenues of US$1 billion or more.

Seven of the eight stocks (except for Olam) are constituents of the benchmark Straits Times Index (STI). The eight are categorised to the banking and financial services, real estate, electronics manufacturing, as well as food and agri-business sectors.

The ninth company – semiconductor handling and test equipment manufacturer AEM Holdings – was featured in Forbes’ long-established Best Under A Billion 2019 list in July. This series highlights 200 top-performing, small and mid-sized companies in the region with less than US$1 billion in revenue and a track record of strong growth.



8M2019 Performance Highlights

In the first eight months of 2019, the eight constituents of Forbes’ Best Over A Billion tally have generated a total return of +13.2%, bringing their one-year and three-year total returns to +1.2% and +42.6% respectively. These eight stocks also average a price-earnings ratio of 13.0x and a dividend indicated yield of 3.6%.

The three best performers among the eight were Wilmar (+25.5%), CityDev (+20.6%) and Olam (+18.5%), while the three least performers were OCBC (-1.3%), UOB (+6.6%) and DBS (+8.3%).

Over the 8M2019 period, the sole constituent of Forbes’ Best Under A Billion series listed on SGX – AEM Holdings – has registered a total return of 33.4%, bringing its one-year and three-year total returns to 43.9% and 1,308% respectively. It also averages a price-earnings ratio of 8.3x and a dividend indicated yield of 3.8%.


The table below details the nine SGX-listed constituents of Forbes Asia’s Best Over A Billion and Best Under A Billion series, sorted by market cap.

Name SGX
Code
Market
Cap
S$m
Total
Return
YTD
%
Total
Return
1 Yr
%
Total
Return
3 Yr
%
P/E
(x)
Dividend
Ind Yield
%
DBS GROUP HLDGS D05 62,665 8.3 1.5 86.5 10.7 5.0
OCBC LTD O39 45,982 -1.3 -2.7 38.3 9.9 4.5
UOB LTD U11 41,638 6.6 -3.2 56.4 10.2 4.2
WILMAR INTL F34 24,133 25.5 22.8 35.0 16.3 2.6
CAPITALAND LTD C31 17,480 15.4 4.3 24.0 9.0 3.6
CITY DEVTS C09 8,688 20.6 5.3 17.9 14.3 1.9
OLAM INTL O32 5,990 18.5 -6.0 -1.5 22.8 4.0
VENTURE CORP V03 4,377 12.2 -12.3 84.4 10.9 2.6
AEM HLDGS AWX 286 33.4 43.9 1,308.0 8.3 3.8
Average 15.5 5.9 183.2 12.5 3.6

Source: Bloomberg & StockFacts (data as of 30 Aug 2019)







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