SGX Market Updates By SGX My Gateway

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SGX My Gateway Market Updates

Changing Landscapes in the Singapore Retail Property Market

27 July 2017

Singapore retail space vacancy rose to 7.7% in 1Q17 despite a 2.9% QoQ decline in price rentals. However, impact of retail headwinds may not be evenly felt across all malls. New supply of retail malls largely located in Outside Central Regions, in line with the government’s plan of decentralised business districts and growth of regional centres. SGX lists 12 Retail REITs & Property Trusts which have retail properties within their asset portfolios with a combined market capitalisation of S$30.9 billion.

STI at Two-Year High, 15% YTD Gain Led by Developers & Banks

SGX My Gateway

24 July 2017

The STI opened this week at 3307, after trading above the 3300 level last week for the first time since July 2015. The STI has generated a 15% price gain in the 2017 YTD, which compares to an average of 9% for the US, Japan & Hong Kong benchmarks. More 2H17 outlooks on STI stocks will be available this week as SIA Engineering Co, Oversea-Chinese Banking Corp, Singapore Airlines, Ascendas REIT, Singapore Exchange, United Overseas Bank are scheduled to report their quarterly earnings.

Singapore Office Property Market Stabilising Despite Headwinds

SGX My Gateway

20 July 2017

1Q17 office space vacancy rates peaked at 11.6%, highest in five years. Office space supply is expected to peak in 2017 and taper off in the next few years. CBRE Research believes that sentiment has swung from pessimism to optimism as investors forecast a period of relatively modest supply over the next few years. SGX lists six Office REITs (GICS®) with a combined market capitalisation of S$12.8 billion. These 6 trusts have generated a market cap weighted average total return of 16.9% in the YTD and have an average dividend yield of 5.7%.

Green Shoots Emerge Despite Challenging Industrial Property Market

SGX My Gateway

18 July 2017

Singapore’s industrial property market remains challenging as industrial space supply is expected to peak in 2017, before tapering off in the next few years. Green shoots in manufacturing activity data, and the Singapore government’s economic shift, coupled with its focus on higher value-added businesses, bode well for industrial property demand. SGX lists 11 REITs & Property Trusts which have industrial properties within their asset portfolios. These 11 trusts have generated an average year-to-date total return of 19.0%.

Singapore Private Property Market Shows Signs of Stabilising

SGX My Gateway

13 July 2017

Singapore’s private property market appears to be stabilising as URA’s 2Q17 flash estimates show smallest QoQ price decline of private residential property prices since 4Q13. YTD average monthly primary private home sales volumes are also 74.6% higher YoY. Existing property cooling measures are likely to remain despite recent calibrated adjustments. SGX lists six Real Estate Management & Development (GICS®) stocks with market capitalisation above S$1 billion that have substantial exposure to the Singapore property market.

June Quarter Earnings Schedule for S-REITs

SGX My Gateway

11 July 2017

Tomorrow, SPH REIT will kick off the June quarter financial reporting season for the 36 constituents of the SGX S-REIT Index, reporting its 3Q fiscal year 2017 results. ESR REIT and Soilbuild Business Space REIT will report their 2Q fiscal year 2017 results later this week. The SGX S-REIT Index generated a total return of 16.2% in the year-to-date. The 36 trusts averaged a year-to-date return of 16.9%, while maintaining an average distribution yield of 6.4%. The three best performers in the year-to-date were Croesus Retail Trust (+47.3%), CDL Hospitality Trusts (+27.9%) and Lippo Malls Indonesia Retail Trust (+25.6%).

SGX Real Estate Index Returned 19.5% YTD on Positive Indicators

SGX My Gateway

06 July 2017

The SGX Real Estate Index, a benchmark for Singapore’s Real Estate Sector, has returned 19.5% in the YTD. Domestic private home prices have shown signs of stabilisation in recent months, with a pick-up in primary transaction volumes. There are 104 Real Estate companies (diverse across assets) with a combined market capitalisation of almost S$190 billion listed on the SGX. Post the YTD rally, sector valuations remain below their long-term historical average. Singapore property developer stocks are trading at PB ratio of 0.75x vs their long-term average of 0.83x.

S$51 Million Worth of Share Buybacks in June – Highest in Nine Months

SGX My Gateway

04 July 2017

More than 13 million shares were repurchased by 18 companies in June, with total buyback consideration at S$51.5 million. This was up 5.9% from S$48.6 million in consideration for May 2017. The five stocks with the largest buyback consideration value in May included two STI stocks. The five stocks were Oversea-Chinese Banking Corp (OCBC), SIA Engineering Company, Singapore Post, Hi-P International and Telechoice International.

10 Biggest Stocks of the FTSE ST Fledgling Index

SGX My Gateway

29 June 2017

The FTSE ST Fledgling Index consists of close to 250 stocks with an average market cap of S$110 million. In 2017 YTD, the FTSE ST Fledgling Index has generated a 12.4% price gain, similar to the STI which has gained 11.4%. The 10 biggest FTSE ST Fledgling Index weights as of the end of 2016 have also averaged a 12.4% price gain in 2017 YTD. Of these 10 stocks, six stocks - Poh Tiong Choon Logistics, Tianjin ZhongXin Pharmaceutical Group Corp, MYP, CSE Global, Singapore Reinsurance Corp and Sunningdale Tech - are still amongst the 10 biggest Index weights.

STI’s Strongest Stocks & Segments in 2017 YTD

SGX My Gateway

27 June 2017

In the 2017 YTD Yangzijiang Shipbuilding was the best performing STI stock with a 45% price gain, after ranking as the STI’s least performer in 2016. At the same time, the STI’s least performer in the 2017 YTD, Golden Agri Resources, was the best performing STI stock in 2016. Of the nine STI stocks & three STI Reserve Stocks that maintain dividend yields of 4.0% or higher, the three best price performers in the 2017 YTD were Ascendas REIT, Singapore Technologies Engineering and Keppel REIT.

These articles are provided by SGX My Gateway.

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