SGX lists three rubber glove plays – Top Glove Corp, Riverstone Holdings and UG Healthcare Corp – with a combined market capitalisation of more than S$5 billion. In the 2018 year-to-date, the trio of rubber glove stocks have averaged a total return of 14.3%, bringing their 12-month total return to 34.6%.
Singapore lists six stocks with a market capitalisation above S$1 billion that maintain a significant Agriculture business. Swings of the six stocks in recent years have coincided with swings of international agriculture commodity prices. Institutions have been net buyers of four of the six stocks over the first seven months of 2018. Overall the six stocks were together subject to net buy inflows totalling S$81 million, led by inflows into Wilmar International, Japfa and Olam International.
The FTSE ST China Index consists of FTSE ST All-Share Index constituents that report either at least half of their sales revenues from Mainland China, or report at least half of their operating assets in Mainland China. In the 2018 year through to 21 August, the FTSE ST China Index has generated approximately one quarter of the losses of China’s CSI 300. The FTSE ST China Index has a history of being less volatile than the CSI 300, with similar performances generated over the past 3 years.
Last week MTI reported Singapore’s accommodation & food services sector grew by 4.0% YoY in 2Q18, up from 2.0% growth in 1Q18, with the accommodation segment the main driver of the sector’s growth. Since the report’s release, Ascott Residence Trust and the five stapled trusts investing in hospitality assets averaged 2.3% price gains, with returns ranging from no change for OUE HT to 5.7% for Far East HT. This compared to a 2.4% decline for the STI.
Singapore’s Manufacturing sector grew by a robust 10.2% YoY in 2Q18, extending the 10.8% YoY growth in 1Q18 and 10.1% YoY expansion in 2017. Manufacturing has been a keen driver of Singapore’s GDP growth which has been on trending higher since the end of 2015.
SGX lists close to 100 stocks with market cap above S$1 Billion and a ROE of above 10%. Over the last 12 months, Banks and Consumer stocks were the strongest play among the list of highest ROE billionaire stocks compared to the benchmark Straits Times Index (STI). Amongst the list, seven are trusts (REITS, Stapled Trusts or Business Trusts) and the remaining 32 are companies spanning across multiple industries including Banks, Consumer, Technology and Property Developers.
The non-weighted average 90 day volatility of the 30 STI constituents increased to an annualised 24.2% at the end of July, up from 22.5% at the end of June, and up from 16.7% at the end of 2017. As many as 19 STI stocks averaged daily trading ranges over 1.50% over the month of July which was up from 15 stocks for the first six months of 2018. These 19 stocks averaged annualised 22.3% intraday volatility over July.
The FTSE Value-Stocks ASEAN Index has generated a 12% total return in SGD terms over the past 12 months, outperforming both the FTSE/ASEAN 40 Index with a 10% total return and FTSE ASEAN All-Share Index with a 3% total return. The FTSE Value-Stocks ASEAN Index is comprised of the largest capitalised stocks of the FTSE Global All Cap Index that meet three sets of value-investing screening criteria, namely Contrarian, Quality & Valuation screenings which are then ranked by lowest P/E Ratios.
SGX lists Jardine Matheson Holdings and Jardine Strategic Holdings, in addition to four companies held by Jardine Strategic Holdings – Hongkong Land, Dairy Farm International, Mandarin Oriental and Jardine Cycle & Carriage. Four of the stocks represent approx. 13% of the STI and approx. 7% of the MSCI Hong Kong Index.
There are nearly 200 companies listed on SGX that have a market cap range of S$100 million to slightly above S$2 billion. Based on classifications by the FTSE ST Index series, these stocks fall into the small-cap category. Within this universe of 200 small-cap stocks, more than 30 of them derive 50% and above of group revenues from China.