SGX Market Updates

10 SGX Listed Consumer Stocks That Averaged 11% Year-To-Date Gains On S$377m Institutional Fund Inflows


PUBLISHED ON |

19 September 2022

  • Singapore’s 5 most traded consumer cyclical stocks year-to-date include Genting Singapore, Jardine Cycle & Carriage, NIO Inc, The Hour Glass and mm2 Asia. The 4 stocks that have been listed for the duration have averaged year-to-date price gains of 22%, while NIO Inc has generated a 24% price gain in S$ terms from its May 20 close.

  • These 5 consumer cyclical stocks have seen S$279 million in combined year-to-date net institutional fund inflow, with Jardine Cycle & Carriage seeing the highest inflow. The 4 consumer cyclical stocks that have been listed for the duration have, on average, been 20% more volatile than the broader market over the past 5 years.

  • Singapore’s 5 most traded consumer non-cyclical stocks include Wilmar International, Thai Beverage, Golden Agri-Resources, First Resources and Sheng Siong. The 5 stocks averaged 3% year-to-date price gains, with S$98 million in combined net institutional fund inflow, while maintaining 20% less volatility than the broader market over the past 5 years.




The Consumer sectors are comprised of cyclical and non-cyclical stocks. Cyclical stocks include the non-essential, more luxurious goods that can be more sensitive to broader business cycles, with sub-industries such as automobiles, leisure and media, while the non-cyclical stocks are seen as the less elastic, essentials, with sub-industries such as farming, food and personal products.

Globally, the market value of consumer cyclical stocks is greater than consumer non-cyclical stocks, while also maintaining higher historical volatility. Over the past 5 years, global consumer cyclical stocks have also marginally outpaced non-cyclicals, however from the end of 2019 through to present, economic challenges have seen global consumer non-cyclical stocks marginally outpace consumer cyclical stocks.

In Singapore, the 5 most traded consumer cyclical stocks include Genting Singapore (SGX:G13), Jardine Cycle & Carriage (SGX:C07), NIO Inc. (SGX:NIO), The Hour Glass (SGX:AGS) and mm2 Asia (SGX:1B0). The four stocks that have been listed for the duration have averaged price gains of 22% in the 2022 year to 16 Sep, while NIO Inc has generated a 24% price gain in S$ terms from its May 20 close. Since listing on 20 May, the designer and developer of high-performance electric vehicle has averaged more than S$5 million in daily trading turnover. This places the stock as the third most traded Singapore consumer cyclical stock in the year 2022 thus far.


The 5 most traded SGX listed consumer cyclical stocks year-to-date are tabled below.

YTD Most Traded SGX
Consumer Cyclical Stocks
SGX
Code
Market Cap
S$B
YTD Average
Daily Turnover
S$M
YTD
Price Change
%
YTD Net
Institutional
Inflow
S$M
5-Day
Price Change
%
5-Day Net
Institutional
Flow
S$M
5-Day Average
Bid Ask Spread
(bps)
Genting Singapore G13 9.8 15.67 4.5 70.5 5.2 34.87 63.2
Jardine Cycle & Carriage C07 14.1 11.40 73.6 171.4 3.4 8.00 9.4
NIO Inc. NIO 45.1 5.38 N/A 1.2 16.2 6.15 21.5
The Hour Glass AGS 1.5 1.55 12.3 39.5 -2.6 5.30 51.0
mm2 Asia 1B0 0.14 0.68 -2.0 -4.1 0 0.02 202.7
Total 70.64 34.7 278.5 54.4
Average 22.1 4.4

Source: SGX (Data as of 16 Sep 2022)



The 4 consumer cyclical stocks that have been listed for the duration have averaged 5-year historical beta of 1.2, which means they have been more volatile than the boarder market. This compares to the average 5-year historical beta Singapore’s five most traded consumer non-cyclical stocks at 0.8, which have been less volatile than the broader market.



The 5 most traded SGX listed consumer non-cyclical stocks year-to-date are tabled below.

YTD Most Traded SGX
Consumer Non-Cyclical Stocks
SGX
Code
Market Cap
S$B
YTD Average
Daily Turnover
S$M
YTD
Price Change
%
YTD Net
Institutional
Inflow
S$M
5-Day
Price Change
%
5-Day Net
Institutional
Flow
S$M
5-Day Average
Bid Ask Spread
(bps)
Wilmar International F34 24.88 31.56 -3.9 90.3 -0.5 4.88 25.1
Thai Beverage
    Y92 15.83 14.51 -4.6 -53.9 -1.6 -5.23 78.5
    Golden Agri-Resources E5H 3.55 7.08 14.3 7.6 0.0 0.52 180.0
    First Resources EB5 2.35 6.08 -1.3 1.5 2.8 -1.38 65.4
    Sheng Siong OV8 2.41 3.70 9.6 52.6 0.0 0.13 62.8
    Total 49.02 62.9 98.1 -1.1
    Average 2.8 0.1

    Source: SGX (Data as of 16 Sep 2022)







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