SGX Listed Supermarkets Generate 12% Defensive Performance in 2018 YTD
The two listed supermarket plays - Dairy Farm International and Sheng Siong Group have their average 2018 year-to-date total return of 12.3%. Dairy Farm International joined the MSCI Singapore Index effective 1 June. For the 2018 year through to 15 June, Dairy Farm International was the recipient of overall institutional net inflows totalling S$26.4 million while Sheng Siong Group was the recipient of net institution inflows of S$62.4 million. The five largest capitalised Restaurant stocks - BreadTalk, Kimly, Jumbo Group, Old Chang Kee and Japan Food Holdings have averaged year-to-date total return to 6.6%.