SGX Research 1

Three Largest Agriculture Stocks Averaged 8% Total Return in 3Q18

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.
SGX Research 2

Nine REITs in the New FTSE ST Singapore Shariah Index

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%.
SGX Research 1

SGX Oil & Gas Stocks Gained in 3Q18 as Crude Oil Climbed

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.
SGX Research 2

NetLink NBN Trust Threads Through Digital Singapore

"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.
SGX Research 1

China and Singapore Retail REITS Outperform Benchmark Indices

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.
SGX Research 1

Delong Holdings & EC World REIT Join FTSE ST China Index

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.
SGX Research 1

Key Telcos Averaged 5% Total Return in Sept QTD

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.
SGX Research 1

Key Telcos Averaged 5% Total Return in Sept QTD

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...
SGX Research 1

SGX’s Tourism Stocks that Benefited from Increased Tourist Inflows

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
SGX Research 2

Five Best-Performing S-REITs Average 9% Total Return in 3Q18-To-Date

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.