Mapletree Logistics Trust is scheduled to join the STI effective the Dec 23 open with an approximate 1.6% weightage, bringing the number of REITs in the STI to 5, with a combined Index weighting close to 10%. Mapletree Logistics Trust generated an accumulative total return of 586% since listing on July 28, 2005 (14.4% annualised).
Stocks that outpaced every S-REIT over the first 11 months of 2019, include Global Invacom, Rex International, AEM Holdings, Frencken Group, Hi-P International, UMS Holdings and Sunpower. All 7 stocks have incorporated technology advancements into their business and generated total returns in excess of 60% over the first 11 months of 2019.
SGX lists at least 15 IT stocks with market cap above S$100 million. Among the 15, the 5 best performers in the YTD were: AEM (+126.6%), Hi-P (+81.3%), Procurri (+68.5%), UMS (+66.0%) and CSE Global (+46.3%). Singapore’s electronics manufacturing output edged up 0.4% YoY in Oct, EDB data showed. This positive reversal reinforces the view that the electronics cluster may have bottomed out in mid-2019, and is beginning to see “some green shoots”, OCBC Treasury Research noted.
For the month of Nov, 15 primary-listed SGX stocks repurchased more than 40 million shares with a total consideration of S$52 million. Nov buyback consideration was led by Keppel REIT, OCBC and Silverlake Axis. The latter also commenced a new buyback mandate last month, as did Sembcorp Industries and ST Group Food Industries Holdings.
Daily Closing Routines of the Singapore stock market will typically account for approximately 10% of daily turnover on a day-to-day basis. When Mapletree Commercial Trust joined the STI effective the Sept 20 close, with multiple additions to the FTSE EPRA/NAREIT Global Developed Index also effective, the Sept 20 Closing Routine drew 8 times the turnover it had seen in the preceding sessions of Sept. Similarly, turnover in the Nov 26 Closing Routine surged more than tenfold what the Closing Routine had averaged in the preceding 17 sessions of Nov.
On Tuesday, the iEdge S-REIT index booked its strongest gain since Sept 4. Ascendas REIT lodged its strongest price performance since Jan 4, and Keppel REIT saw its strongest price performance since Dec 18, 2018. REITs also accounted for more than one-third of the record turnover yesterday - which saw Singapore’s strongest day of stock market turnover since May 31, 2018. Mapletree Commercial Trust was the most traded stock for the day due to Index rebalancing activity in the closing auction.
The 10 best-performing real estate developer stocks (excluding REITs) with market cap of S$200 million and above on SGX have averaged a total return of 21.7% in the YTD, bringing their 3Y and 5Y total returns to 23.3% and 16.7% respectively. Among these 10, the 3 best performers in the YTD were: CityDev (+35.7%), UOL (+28.8%) and United Overseas Australia (+25.9%).
SGX lists 12 energy/oil & gas-related stocks with market cap above S$100 million. In Oct 2019, SGX’s Energy/Oil & Gas sector generated a total return of 7.6%. In the current quarter-to-date, the 3 best-performing energy/oil & gas-related stocks with market cap above S$100 million were: Rex International (+144.9%), PACC Offshore Services (+115.0%) and Mermaid Maritime (+56.1%).
Together, AEM, UMS, Frencken, Valuetronics and Hi-P averaged 7% gains last week, bringing their combined average 2019 YTD total return to 82% (median 74%). Globally, the largest 100 stocks by market value across the same industries have generated a 40% median YTD total return.
In the 2019 YTD, the iEdge S-REIT Index has generated a total return of 24.9%, compared with a total return of 18.9% for the FTSE EPRA NAREIT Asia ex-Japan REITs Index. In the YTD, the 3 best-performing constituents of the iEdge S-REIT Index were: Ascendas India Trust (+52.7%), Keppel DC REIT (+51.6%) and Ascendas Hospitality Trust (+50.0%). The trio averaged a total return of +51.4% over the period.
These articles are provided by SGX My Gateway.
SGX's investor education portal with market, product and investment information and events. Sign up now at sgx.com/mygateway to receive our investment updates and economic calendar.
These articles are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from www.sgx.com. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the “SGX Group Companies”) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.
STI & Constituents Earnings Calendar
TOP 10 SEARCHES:
DBS Share Price,
OCBC Share Price,
UOB Share Price,
SingTel Share Price,
Seatrium Share Price,
SIA Share Price,
Genting Singapore Share Price,
Keppel Share Price,
SATS Share Price,
SGX Share Price.
NEW STOCKS ON SGX:
PC Partner (SGX:PCT)
Goodwill Entertainment (SGX:GEH)
Attika Group (SGX:53W)
Food Innovators (SGX:KYB)