SGX lists six stocks with a market capitalisation above S$1 billion that maintain a significant agriculture business. The six – Wilmar, Olam, Golden Agri-Resources, First Resources, Japfa and Bumitama Agri – have a combined market capitalisation of more than S$30 billion. In 3Q18, the best-performing agri stocks were Bumitama Agri (+9.2%), First Resources (+8.5%) and Wilmar (+6.4%). These three plays averaged a total return of 8.0% over the quarter, reversing their negative returns in 1H18. Japfa was the only stock that registered positive total returns of +3.1% and +25.8% for 3Q18 and 1H18 respectively.
The FTSE ST Singapore Shariah Index was launched last week, with 48 constituents that are selected from the FTSE ST All-Share Index, meeting criteria involving both business activity screenings and financial ratios screenings. The Index includes nine REITs with a combined market capitalisation of S$11.8 billion. The property assets of the REITs, span industrial, e-commerce, commercial and retail space. The nine REITs average an indicative distribution yield of 6.7%.
The iEdge SG Oil & Gas Index is a free-float, market capitalisation-weighted index that measures the performance of listed oil and gas (O&G) companies in Singapore. The 15 constituents in the Index have a combined market capitalisation of about S$2.6 billion.
"NetLink plays a very important role in putting Singapore on the global map - we've been ranked highly in various global studies on broadband connection speeds, and this is something we can all be proud of," Tong pointed out. According to US-based Ookla's Net Index, Singapore surpassed 132 other countries in July 2017 to clock the fastest average broadband surfing speed on computers. In a separate report by UK-based Internet consultancy firm Cable.co.uk, the city-state also topped a ranking of 189 countries for average surfing speeds, based on data collected across 12 months up to May last year.
The four SGX-listed retail S-REITs have outperformed the STI benchmark index by 5.6%. Despite growing risk-averse sentiment, investor expectations of potential downside for retail S-REITS were fairly subdued, underpinned by the sector's strong earnings profile and its perceived defensive nature. Collectively, the four SGX-listed China retail REITS also fared comparatively better than the CSI300 benchmark index, averaging a 2018 year-to-date return of -2.2% against the benchmark's return of -16.4% in SGD terms.
n the 2018 YTD, the FTSE ST China Index has declined 6.6% inclusive of dividends, compared to the China’s CSI 300 Index decline of 17.1%. This brings the three year SGD total return (through to 25 Sep) of the FTSE ST China Index to 12.0% and -0.9% for the CSI 300. Effective 24 September, Delong Holdings and EC World REIT have joined the FTSE ST China Index. The Index consists of FTSE ST All-Share Index constituents with at least 50% of their revenues in China, or 50% of operating assets in Mainland China.
Singtel, NetLink NBN Trust, StarHub & M1 have all generated similar gains in the September quarter-to-date, averaging +5.5% total returns, which has trimmed their average year-to-date decline in total return to -12.5%. Singtel, StarHub & M1 have averaged annualised total returns of 7.4% from respective IPO dates to present. The three companies are currently valued at similar discounts to their five year average P/E ratios. Business Trust - NetLink NBN Trust - listed in July 2017.
Singtel, NetLink NBN Trust, StarHub & M1 have all generated similar gains in the September quarter-to-date, averaging +5.5% total returns, which has trimmed their average year-to-date decline in total re...
In 1Q 2018, China, India and Indonesia were Singapore’s top 3 visitor-generating markets, accounting for about 43% of total international visitor arrival. These 3 countries were also the top 3 generating markets in tourist spending. SGX lists multiple stocks with exposure to Singapore’s tourism industry and a market capitalisation of more than S$100M. The 10 largest stocks by market capitalisation averaged 3 year annualised return of 7.6% and total market cap of S$78.5 billion
Analysts have noted a revival in investor interest in REITs recently, despite the Fed lifting US rates by another 25 basis points in June. The flight to safety amidst rising risk-aversion has been driven by escalating US-China trade tensions, an emerging market currency crisis and increased volatility in global markets. In 29 June-7 Sept 2018 (3Q18-to-date), the five best-performing constituents of the SGX S-REIT Index were: Starhill Global REIT (+10.3%), Ascendas India Trust (+9.9%), Suntec REIT (+9.5%), Keppel REIT (+9.5%), and Capitaland Commercial Trust (+7.1%). These five trusts have averaged a total return of +9.3% in the QTD.