Last week, Mapletree Commercial Trust kick-started the quarterly reporting season for the constituents of the benchmark STI by releasing its results for the fiscal second quarter ended 30 September 2019.
Singapore Press Holdings, Keppel Corp and CapitaLand Mall Trust followed suit with their FY19 and Q3 earnings releases last week, while CapitaLand Commercial Trust and Singapore Exchange are scheduled to unveil their results tomorrow and on Thursday respectively.
In the YTD, the STI has generated a total return of 6.0%. The 30 constituents of the Index, which have a combined market cap of S$547 billion, have averaged a total return of 8.3% in the YTD. This brings their 1Y and 3Y total returns to 8.9% and 22.6% respectively.
On 15 October 2019, Mapletree Commercial Trust kick-started the quarterly reporting season for the constituents of the benchmark Straits Times Index (STI) by releasing its results for the fiscal second quarter ended 30 September 2019. Singapore Press Holdings, Keppel Corp and CapitaLand Mall Trust followed suit with their FY19 and Q3 earnings releases last week, while CapitaLand Commercial Trust and Singapore Exchange are scheduled to unveil their results tomorrow and on Thursday respectively.
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 results for the 30 STI constituents, sorted by date.
| Name | SGX Code |
Date | Date type | Period |
|---|---|---|---|---|
| Mapletree Commercial Trust | N2IU | 15-Oct-19 | Released | Q2 |
| Keppel Corp | BN4 | 17-Oct-19 | Released | Q3 |
| Singapore Press Holdings | T39 | 17-Oct-19 | Released | FY19 |
| CapitaLand Mall Trust | C38U | 21-Oct-19 | Released | Q3 |
| CapitaLand Commercial Trust | C61U | 23-Oct-19 | Confirmed | Q3 |
| Singapore Exchange | S68 | 24-Oct-19 | Confirmed | Q1 |
| Ascendas REIT | A17U | 1-Nov-19 | Confirmed | Q2 |
| United Overseas Bank | U11 | 1-Nov-19 | Confirmed | Q3 |
| CapitaLand | C31 | 5-Nov-19 | Confirmed | Q3 |
| Oversea-Chinese Banking Corp | O39 | 5-Nov-19 | Confirmed | Q3 |
| Singapore Airlines | C6L | 5-Nov-19 | Confirmed | Q2 |
| Jardine Cycle & Carriage | C07 | 7-Nov-19 | Estimated | Q3 |
| Yangzijiang Shipbuilding | BS6 | 7-Nov-19 | Estimated | Q3 |
| Genting Singapore | G13 | 7-Nov-19 | Confirmed | Q3 |
| City Developments | C09 | 8-Nov-19 | Estimated | Q3 |
| Singtel | Z74 | 8-Nov-19 | Estimated | Q2 |
| Venture Corp | V03 | 8-Nov-19 | Confirmed | Q3 |
| DBS Group Holdings | D05 | 11-Nov-19 | Confirmed | Q3 |
| SATS | S58 | 12-Nov-19 | Confirmed | Q2 |
| Wilmar International | F34 | 12-Nov-19 | Confirmed | Q3 |
| ComfortDelGro | C52 | 13-Nov-19 | Confirmed | Q3 |
| Golden Agri-Resources | E5H | 13-Nov-19 | Estimated | Q3 |
| UOL Group | U14 | 13-Nov-19 | Estimated | Q3 |
| Sembcorp Industries | U96 | 14-Nov-19 | Confirmed | Q3 |
| ST Engineering | S63 | 14-Nov-19 | Estimated | Q3 |
| Thai Beverage | Y92 | 26-Nov-19 | Estimated | FY19 |
| Hongkong Land Holdings * | H78 | NA | ||
| Dairy Farm International * | D01 | NA | ||
| Jardine Matheson Holdings * | J36 | NA | ||
| Jardine Strategic Holdings * | J37 | NA |
Source: Bloomberg & StockFacts (data as of 21 Oct 2019)
*Note: Jardine Strategic, Jardine Matheson, Hongkong Land, Dairy Farm Intl are secondary listings and report their results on a semi-annual basis.
Performances of the STI Constituents
In the 2019 year-to-date, the STI has generated a total return of 6.0%. Over the period, the 30 constituents averaged a total return of 8.3%, bringing their one-year and three-year total returns to 8.9% and 22.6% respectively. These 30 stocks have a combined market capitalisation of S$547 billion, and have averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 18.0x and 1.9x respectively.
The tables below detail the comparative performances of the 30 STI constituents, sorted by market cap.
| Name | SGX Code |
Market Cap S$m |
Total Return YTD % |
Total Return 1 Yr % |
Total Return 3 Yr % |
|---|---|---|---|---|---|
| DBS Group Holdings | D05 | 63,304 | 9.4 | 6.8 | 88.7 |
| Jardine Matheson Holdings ^ | J36 | 56,741 | -16.5 | -1.4 | 0.8 |
| Singtel | Z74 | 52,580 | 13.5 | 7.3 | -2.6 |
| Oversea-Chinese Banking Corp | O39 | 46,992 | -1.2 | 3.9 | 39.9 |
| Jardine Strategic Holdings ^ | J37 | 45,953 | -16.2 | -8.5 | -6.9 |
| United Overseas Bank | U11 | 43,291 | 10.8 | 7.5 | 55.3 |
| Thai Beverage | Y92 | 23,230 | 55.0 | 45.5 | 3.3 |
| Wilmar International | F34 | 22,873 | 18.9 | 23.3 | 18.6 |
| CapitaLand | C31 | 18,185 | 20.0 | 20.0 | 26.9 |
| Hongkong Land Holdings ^ | H78 | 17,228 | -11.8 | -8.8 | -13.8 |
| ST Engineering | S63 | 12,224 | 16.7 | 19.1 | 40.1 |
| Jardine Cycle & Carriage | C07 | 12,043 | -10.7 | 7.0 | -20.6 |
| Genting Singapore | G13 | 11,153 | -1.5 | 2.7 | 34.1 |
| Dairy Farm International ^ | D01 | 10,862 | -32.9 | -30.5 | -10.1 |
| Singapore Airlines | C6L | 10,785 | -1.1 | 0.9 | -2.1 |
| Keppel Corp | BN4 | 10,608 | 2.2 | -9.0 | 21.9 |
| Ascendas REIT | A17U | 9,805 | 25.9 | 26.7 | 53.7 |
| CapitaLand Mall Trust | C38U | 9,775 | 20.8 | 27.8 | 47.2 |
| City Developments | C09 | 9,504 | 31.9 | 29.4 | 26.1 |
| Singapore Exchange | S68 | 8,760 | 17.8 | 22.8 | 27.5 |
| CapitaLand Commercial Trust | C61U | 7,946 | 23.3 | 26.2 | 54.5 |
| Mapletree Commercial Trust | N2IU | 6,950 | 50.9 | 60.8 | 79.6 |
| UOL Group | U14 | 6,426 | 26.0 | 26.2 | 42.5 |
| SATS | S58 | 5,513 | 8.6 | 5.7 | 14.4 |
| ComfortDelGro | C52 | 5,263 | 17.8 | 14.6 | 2.4 |
| Venture Corp | V03 | 4,456 | 15.7 | -0.8 | 87.9 |
| Sembcorp Industries | U96 | 4,093 | -8.4 | -20.6 | -6.4 |
| Yangzijiang Shipbuilding | BS6 | 3,801 | -19.7 | -14.9 | 46.1 |
| Singapore Press Holdings | T39 | 3,588 | -2.1 | -9.8 | -30.0 |
| Golden Agri-Resources | E5H | 2,611 | -14.7 | -12.9 | -41.2 |
| Average | 8.3 | 8.9 | 22.6 |
| Name | SGX Code |
Market Cap S$m |
P/E (x) |
P/B (x) |
Div Yld (%) |
|---|---|---|---|---|---|
| DBS Group Holdings | D05 | 63,304 | 10.7 | 1.5 | 4.8 |
| Jardine Matheson Holdings^ | J36 | 56,741 | 13.1 | 0.9 | 3.0 |
| Singtel | Z74 | 52,580 | 18.4 | 1.7 | 5.4 |
| Oversea-Chinese Banking Corp | O39 | 46,992 | 9.9 | 1.2 | 4.5 |
| Jardine Strategic Holdings ^ | J37 | 45,953 | 6.7 | 1.3 | 1.1 |
| United Overseas Bank | U11 | 43,291 | 10.6 | 1.2 | 4.0 |
| Thai Beverage | Y92 | 23,230 | 21.6 | 3.5 | 1.8 |
| Wilmar International | F34 | 22,873 | 15.5 | 0.9 | 2.8 |
| CapitaLand | C31 | 18,185 | 9.3 | 0.7 | 3.3 |
| Hongkong Land Holdings ^ | H78 | 17,228 | 7.3 | 0.5 | 4.1 |
| ST Engineering | S63 | 12,224 | 23.3 | 4.8 | 3.8 |
| Jardine Cycle & Carriage | C07 | 12,043 | 13.0 | 1.5 | 3.9 |
| Genting Singapore | G13 | 11,153 | 15.0 | 1.9 | 3.8 |
| Dairy Farm International ^ | D01 | 10,862 | 121.9 | 9.3 | 3.6 |
| Singapore Airlines | C6L | 10,785 | 16.5 | 0.9 | 3.3 |
| Keppel Corp | BN4 | 10,608 | 16.4 | 1.1 | 3.9 |
| Ascendas REIT | A17U | 9,805 | 18.7 | 1.2 | 5.2 |
| CapitaLand Mall Trust | C38U | 9,775 | 15.5 | 1.0 | 4.6 |
| City Developments | C09 | 9,504 | 15.8 | 1.0 | 0.8 |
| Singapore Exchange | S68 | 8,760 | 22.6 | 7.0 | 3.7 |
| CapitaLand Commercial Trust | C61U | 7,946 | 19.9 | 0.9 | 4.3 |
| Mapletree Commercial Trust | N2IU | 6,950 | 7.7 | 1.1 | 3.8 |
| UOL Group | U14 | 6,426 | 12.8 | 0.7 | 2.3 |
| SATS | S58 | 5,513 | 22.9 | 3.3 | 3.9 |
| ComfortDelGro | C52 | 5,263 | 16.9 | 1.9 | 4.4 |
| Venture Corp | V03 | 4,456 | 11.0 | 2.3 | 5.0 |
| Sembcorp Industries | U96 | 4,093 | 9.9 | 0.7 | 1.7 |
| Yangzijiang Shipbuilding | BS6 | 3,801 | 5.1 | 0.7 | 5.2 |
| Singapore Press Holdings | T39 | 3,588 | 13.4 | 1.2 | 4.9 |
| Golden Agri-Resources | E5H | 2,611 | - | 0.7 | 2.8 |
| Average | 18.0 | 1.9 | 3.7 |
Source: Bloomberg & StockFacts as of 21 October 2019
^ Traded in USD, with SGD equivalents shown in table.
