Trio of SGX Largest, Best-Performing Utilities Stocks Returned 20% in 2019 YTD
The Utilities Sector is typically made up of stocks that provide gas, electricity or water, with population growth the underlying driver of demand for these services. As a result, the sector has traditionally been seen as more defensive than cyclical in nature. In the YTD, the 3 largest, best-performing Utilities stocks were: China Jinjiang Environment (+28.3%), Keppel Infrastructure Trust (+21.5%) and China Everbright Water (+8.7%).