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)
