Singapore’s 50 most actively traded stocks of early 2020 averaged a 2% return over the first 12 sessions of January, with performances led by AusGroup, Keppel DC REIT, Mapletree Industrial Trust, CapitaLand Commercial Trust and AEM Holdings.
AusGroup also saw the largest increase in 2020 YTD trading turnover compared to 2019 activity, followed by Lendlease Global Commercial REIT, Cromwell European REIT, UMS Holdings and Golden Agri-Resources. The 5 averaged S$32M turnover a day, more than double their combined average daily turnover of 2019.
UMS Holdings also saw the highest net institutional inflow proportionate to market value followed by Venture Corp, AEM Holdings, CapitaLand and Hi-P International. The five stocks saw combined S$83M of net institutional inflow over the past 12 sessions.
The 30 stocks of the Straits Times Index (“STI”) have averaged a 2.0% return over the first 12 sessions of 2020 with 23 gainers and seven decliners. The 30 stocks have been recipient of S$238 million of net institutional inflow over the 12 sessions, following S$1.158 billion of inflow in 2019. The 30 stocks have also seen a combined average daily turnover of S$839 million over the past 12 sessions, up 10% from the S$763 million for the same 30 stocks in 2019.
The remaining 20 stocks that make up the 50 most active stocks by turnover have averaged a higher 3.2% gain over the first 12 sessions of 2020 with a combined average S$168 million a day in average turnover. Excluding Ascott REIT because of the well-publicised merger that became effective this year, this group of non-STI stocks have seen their trading turnover up 25% from their average 2019 levels.
Real Estate, Manufacturing & Jardines Led Early 2020 Gains
Sectors with the most representation among the 50 stocks are Real Estate and Manufacturing. These have also been amongst the strongest Sectors in both 2019, and the first 12 sessions of 2020.
One segment of the 50 stocks that has performed stronger over the past 12 sessions compared to the 2019 returns are the Jardine Group of companies. The relevant five stocks that are amongst the 50 most traded stocks have averaged 3% gains in the year to date, compared to an average 18% decline in total return in 2019. The five stocks have also been recipient of S$10 million in net institutional inflow following outflows of S$174 million in 2019.
| Name | SGX Code |
MKT Cap (S$M) |
2020 YTD Total Return |
2019 Total Return |
2020 YTD Average Daily Turnover (S$M) |
2019 Average Daily Turnover (S$M) |
2020 Net Insti Inflow (S$M) |
2019 Net Insti Inflow (S$M) |
|---|---|---|---|---|---|---|---|---|
| HONGKONG LAND HOLDINGS | H78 | 18,452 | 1% | -7% | 16 | 20 | 5 | -97 |
| JARDINE MATHESON HLDGS | J36 | 57,740 | 5% | -19% | 15 | 20 | 3 | -13 |
| JARDINE STRATEGIC HLDGS | J37 | 48,230 | 6% | -17% | 11 | 12 | 2 | 1 |
| JARDINE CYCLE & CARRIAGE | C07 | 12,197 | 3% | -12% | 8 | 11 | 3 | -25 |
| DAIRY FARM INTL HLDGS | D01 | 10,372 | 0% | -36% | 5 | 7 | -3 | -40 |
| Average | 3% | -18% | Sum | 10 | -174 |
Source: Thomson Reuters, Bloomberg (Data as of 17 January 2020)
AusGroup a Top 200 Stock by Turnover in 2019, Top 50 in Early 2020
The strongest of Singapore’s 50 most traded stocks for the first 12 sessions of 2020 year was AusGroup. As a business, AusGroup offers a range of integrated service solutions to the energy, mining and industrial sectors across Australia and South East Asia. On 10 December, AusGroup announced its fourth long term maintenance, shutdown and fabrication support contract awarded for the preceding 5 months, as noted here; AusGroup’s subsidiary MAS Australasia Pty Ltd was awarded a three year Rope Access Services contract with Rio Tinto.
AusGroup has also averaged S$5 million a day in turnover over the first 12 sessions of 2019, compared to less than S$200,000 a day over 2019. AusGroup reported a net profit after tax of A$0.2 million for its 1QFY20 (ended 30 Sep), with the investor presentation available here. This followed AusGroup’s reporting a reporting net profit of A$2.3 million for its FY19 (click here for the FY19 Annual Report). The company also noted that in FY19 its balance sheet continued to strengthen with the net debt decreasing by A$25.4 million in FY19, mainly due to the successful placement and rights issue completed in the financial year, whose proceeds were partly used to repay debt and debt to equity conversions.
The 10 strongest stocks of the 50 most traded stocks for the past 12 sessions are tabled below.
| Name | SGX Code |
MKT Cap (S$M) |
2020 YTD Total Return |
2019 Total Return |
2020 YTD Average Daily Turnover (S$M) |
2019 Average Daily Turnover (S$M) |
2020 Net Insti Inflow (S$M) |
2019 Net Insti Inflow (S$M) |
|---|---|---|---|---|---|---|---|---|
| AUSGROUP | 5GJ | 146 | 30% | 16% | 5 | 0 | -4 | -3 |
| KEPPEL DC REIT | AJBU | 3,738 | 10% | 66% | 12 | 9 | 6 | 4 |
| CAPITALAND COMMERCIAL TRUST | C61U | 8,255 | 8% | 19% | 28 | 24 | 5 | 34 |
| MAPLETREE INDUSTRIAL TRUST | ME8U | 6,206 | 8% | 44% | 19 | 11 | 7 | 18 |
| SINGAPORE TECH ENGINEERING | S63 | 13,083 | 7% | 17% | 24 | 17 | 23 | 146 |
| MAPLETREE NORTH ASIA COMMERCIAL | RW0U | 3,961 | 7% | 8% | 16 | 12 | -10 | -39 |
| AEM HOLDINGS | AWX | 583 | 7% | 154% | 15 | 10 | 2 | 67 |
| ASCENDAS REIT | A17U | 11,361 | 6% | 24% | 33 | 35 | 26 | -28 |
| CAPITALAND MALL TRUST | C38U | 9,591 | 6% | 13% | 30 | 25 | 5 | -46 |
| JARDINE STRATEGIC HLDGS | J37 | 48,230 | 6% | -17% | 11 | 12 | 2 | 1 |
With AusGroup seeing the largest increase in 2020 year to date trading turnover compared to 2019 activity, the next 4 stocks that saw the largest increases included Lendlease Global Commercial, Cromwell European REIT, UMS Holdings and Golden Agri-Resources. Combined, the five stocks averaged S$32 million turnover a day, more than double their combined average daily turnover of 2019.
UMS Holdings also saw the highest net institutional inflow proportionate to market value followed by Venture Corp, AEM Holdings, CapitaLand and Hi-P International. The 5 stocks saw combined S$83 of net institutional inflow over the past 12 sessions. Venture Corp saw S$15 million of net inflow, following net outflow of S$5 million in 2019.
The full 50 stocks, ranked by highest turnover over the first 12 sessions of 2020 are tabled below.
| Name | SGX Code |
MKT Cap (S$M) |
2020 YTD Total Return |
2019 Total Return |
2020 YTD Average Daily Turnover (S$M) |
2019 Average Daily Turnover (S$M) |
2020 Net Insti Inflow (S$M) |
2019 Net Insti Inflow (S$M) |
|---|---|---|---|---|---|---|---|---|
| DBS GROUP HOLDINGS | D05 | 67,301 | 2% | 16% | 153 | 100 | 54 | -194 |
| SINGAPORE TELECOMMUNICATIONS | Z74 | 53,886 | -2% | 21% | 87 | 67 | -32 | 616 |
| UNITED OVERSEAS BANK | U11 | 44,595 | 1% | 13% | 58 | 61 | 37 | -121 |
| OVERSEA-CHINESE BANKING CORP | O39 | 49,284 | 2% | 2% | 57 | 55 | 83 | -224 |
| YANGZIJIANG SHIPBUILDING | BS6 | 4,546 | 4% | -7% | 40 | 34 | -9 | 14 |
| SINGAPORE EXCHANGE | S68 | 9,382 | -1% | 29% | 34 | 23 | -27 | 453 |
| ASCENDAS REIT | A17U | 11,361 | 6% | 24.3% | 33 | 35 | 26 | -28 |
| CAPITALAND | C31 | 19,817 | 5% | 25% | 30 | 26 | 61 | 224 |
| CAPITALAND MALL TRUST | C38U | 9,591 | 6% | 13% | 30 | 25 | 5 | -46 |
| CAPITALAND COMMERCIAL TRUST | C61U | 8,255 | 8% | 19% | 28 | 24 | 5 | 34 |
| SINGAPORE TECH ENGINEERING | S63 | 13,083 | 7% | 17% | 24 | 17 | 23 | 146 |
| COMFORTDELGRO CORP | C52 | 4,851 | -6% | 15% | 24 | 18 | -50 | 71 |
| MAPLETREE COMMERCIAL TRUST | N2IU | 8,101 | 3% | 53% | 23 | 23 | 5 | -3 |
| CITY DEVELOPMENTS | C09 | 10,284 | 4% | 38% | 21 | 16 | 14 | 124 |
| WILMAR INTERNATIONAL | F34 | 26,952 | 3% | 36% | 20 | 20 | 15 | 241 |
| MAPLETREE LOGISTICS TRUST | M44U | 6,873 | 4% | 46% | 19 | 19 | 2 | 37 |
| MAPLETREE INDUSTRIAL TRUST | ME8U | 6,206 | 8% | 44% | 19 | 11 | 7 | 18 |
| GENTING SINGAPORE | G13 | 11,334 | 2% | -2% | 18 | 25 | 3 | -157 |
| SUNTEC REIT | T82U | 5,266 | 2% | 9% | 18 | 16 | -3 | -63 |
| HONGKONG LAND HOLDINGS | H78 | 18,452 | 1% | -7% | 16 | 20 | 5 | -97 |
| VENTURE CORP | V03 | 4,801 | 3% | 21% | 16 | 20 | 15 | -5 |
| MAPLETREE NORTH ASIA COMMERCIAL | RW0U | 3,961 | 7% | 8% | 16 | 12 | -10 | -39 |
| AEM HOLDINGS | AWX | 583 | 7% | 154% | 15 | 10 | 2 | 67 |
| JARDINE MATHESON HLDGS | J36 | 57,740 | 5% | -19% | 15 | 20 | 3 | -13 |
| KEPPEL CORP | BN4 | 12,424 | 1% | 19% | 14 | 22 | 19 | -51 |
| THAI BEVERAGE PCL | Y92 | 21,849 | -2% | 49% | 13 | 15 | -27 | 187 |
| GOLDEN AGRI-RESOURCES | E5H | 2,993 | 0% | -2% | 13 | 7 | 1 | -8 |
| KEPPEL DC REIT | AJBU | 3,738 | 10% | 66% | 12 | 9 | 6 | 4 |
| JARDINE STRATEGIC HLDGS | J37 | 48,230 | 6% | -17% | 11 | 12 | 2 | 1 |
| UOL GROUP | U14 | 7,162 | 2% | 38% | 11 | 9 | 8 | 117 |
| SINGAPORE PRESS HOLDINGS | T39 | 3,365 | -3% | -2% | 11 | 10 | -2 | 15 |
| SINGAPORE AIRLINES | C6L | 10,725 | 0% | -1% | 9 | 11 | -11 | -62 |
| JARDINE CYCLE & CARRIAGE | C07 | 12,197 | 3% | -12% | 8 | 11 | 3 | -25 |
| REX INTERNATIONAL HOLDING | 5WH | 250 | -6% | 273% | 8 | 5 | 0 | 3 |
| FRASERS LOGISTICS & INDUSTRI | BUOU | 2,756 | -2% | 28% | 8 | 8 | -3 | 27 |
| SATS | S58 | 5,636 | 0% | 13% | 7 | 9 | 1 | 33 |
| ASCOTT REIT | HMN | 4,193 | 2% | N/A | 6 | N/A | -6 | N/A |
| UMS HOLDINGS | 558 | 558 | 1% | 90% | 6 | 3 | 2 | 57 |
| KEPPEL REIT | K71U | 4,242 | 2% | 14% | 6 | 8 | 2 | 42 |
| SEMBCORP INDUSTRIES | U96 | 4,137 | 1% | -8% | 6 | 8 | 8 | -90 |
| AUSGROUP | 5GJ | 146 | 30% | 16% | 5 | 0 | -4 | -3 |
| HI-P INTERNATIONAL | H17 | 1,240 | 1% | 101% | 5 | 7 | 3 | 28 |
| NETLINK NBN TRUST | CJLU | 3,702 | 1% | 31% | 5 | 8 | -6 | -24 |
| CAPITALAND RETAIL CHINA TRUS | AU8U | 2,007 | 3% | 28% | 5 | 3 | -2 | -3 |
| DAIRY FARM INTL HLDGS | D01 | 10,372 | 0% | -36% | 5 | 7 | -3 | -40 |
| FRASERS CENTREPOINT TRUST | J69U | 3,207 | 2% | 36% | 5 | 6 | 0 | 12 |
| CROMWELL EUROPEAN REIT | CNNU | 2,075 | 0% | 28% | 5 | 2 | 0 | -24 |
| SEMBCORP MARINE | S51 | 2,699 | -2% | -14% | 5 | 8 | 2 | -56 |
| MANULIFE US REAL ESTATE INV | BTOU | 2,093 | -1% | 40% | 4 | 3 | -2 | 4 |
| LENDLEASE GLOBAL COMMERCIAL | JYEU | 1,080 | -1% | 0% | 4 | 2 | -3 | -39 |
| Average | 2% | 27% | Sum | 224 | 1162 |
