SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

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<ul>
<li>
Singapore’s 30 most traded stocks that maintain manufacturing-related businesses have averaged a 29% YTD gain, with a less skewed median gain of 16%. While the 30 stocks make up 14% of the total market capitalisation of all SGX-listed stocks, they have contributed 25% to average daily turnover in the 2021 year to 2 February. 
	 </li>
	<li>
These 30 stocks span multiple Sectors such as Consumer Non-Cyclicals, Industrials, Healthcare, Materials &amp; Resources, in addition to Technology. Returns across the Sectors have been more balanced in the 2021 YTD, than in 2020 when Healthcare and Materials &amp; Resources led the group. 
	 </li>
	<li>Regional manufacturing activity has continued to be resilient in early 2021 with recent economic indicators showing broadening growth across the various Sectors. Supply chain efficiencies, rising commodity and food prices and consensus expectations for economic rebounds also impacted manufacturing stocks in recent months. </li>
</ul>
 
 Regional manufacturing activity has continued to be resilient in early 2021, with both supply and demand drivers contributing to relevant stock price performances over the past five weeks. In Singapore, the 30 most traded stocks in the 2021 year to 2 February that maintain manufacturing-related activities have averaged a 29% gain, with a less skewed median gain of 16%. These 30 businesses span multiple Sectors such as Consumer Non-Cyclicals (i.e. food and beverage processing &amp; products), Industrials, Healthcare, Materials and Resources, in addition to Technology. While demand for medical supplies and technology equipment have been the more entrenched drivers of the goods producing stocks, more recent catalysts include industrial supply chain efficiencies, rising commodity and food prices and expectations for economic rebounds, particularly in China. 
The 30 most traded Singapore-listed stocks with manufacturing-related activities include Wilmar International, Thai Beverage PCL, Sembcorp Marine, AEM Holdings, ISDN Holdings and Medtecs International Corporation. Food producers suchs as Japfa and SATS are also included amongst the Group. The group also includes China-based stocks such as Catalist-listed Jiutian Chemical Group and Mainboard-listed Sunpower Group, with the latter announcing yesterday it had won a RMB141 million (S$29.1 million) manufacturing and services contract from an existing customer in the polycrystalline silicon industry. Singapore’s Broader Manufacturing Sector Continued Rebound in January 
The Manufacturing Sector was an important contributor to the Singapore economy in 2020, with advanced estimates that the Sector grew 7.1% in 2020, rebounding from a 1.4% decline in 2019. As noted <a href="https://www.sgx.com/research-education/market-updates/20210105-manufacturing-growth-extended-stocks-2020">here</a>, Singapore’s most traded manufacturing-related stocks also generated comparatively strong average and median returns in 2020. The strategic importance of the Sector was again underscored on 25 January, with Singapore’s Trade and Industry Minister Chan Chun Sing announcing a new 10-year plan to grow Singapore's manufacturing sector by 50% and maintain its share of about 20% GDP. 
The SIPMM Purchasing Managing Index (“PMI”) rose 0.2 points to 50.7 in January, with seven straight months of expansion. Over the past three months, the two sub-indices of the SIPMM PMI which saw the most decline from January 2018 to October 2020, New Orders and Output have continued to increase. The sub-index for New Orders has risen to 51.1 in January, from 50.6 in October 2020. 
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<figure>
 <img src='https://api2.sgx.com/sites/default/files/2021-02/Capture_2.PNG' alt='SIPMM PMI' />
 </figure>
 <div class='content-caption'>SIPMM PMI</div>
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<html><body>Back in January 2018, the SIPMM PMI recorded its highest expansion since December 2009, which followed a strong year for the Singapore economy and was also the month that marked a key beachhead in the US-China trade tensions. At 51.0, the SIPMM Electronics PMI declined 0.2 points in January from a 27 month high in December 2020. The pick-up in broader manufacturing was also evident in the Industrial Production report for December released on 26 January. As illustrated below, aside from the growth of the Electronic and Semiconductor indices, the steady gains made by General Manufacturing, Petroleum and Transport Engineering are slowly disbanding the K-shape in the relative performances clearly evident from April through to August.</body></html>

<figure>
 <img src='https://api2.sgx.com/sites/default/files/2021-02/Capture_3.PNG' alt='Singapore Industrial Production Sub-Indices' />
 </figure>
 <div class='content-caption'>Singapore Industrial Production Sub-Indices</div>
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Broad 2021 YTD Gains Across Manufacturing-Related Industries  Singapore’s 30 most traded stocks with manufacturing-related activities maintain a combined market capitalisation of S$127 billion, and so far in 2021 have seen S$353 million in average daily turnover. This means the 30 stocks made up 14% of the total market capitalisation of all stocks listed on Singapore Exchange and 25% of the day-to-day turnover in the 2021 year to 2 February. 
As detailed in the table below, the Industrial stocks account for the most number of stocks among the group of 30, and also contributed the most to the S$353 million in average daily turnover. While the five healthcare-related stocks led the group in 2020, gains have been more balanced in the 2021 year to 2 February.

<table class="table table-striped"><tbody>
<tr>
<td>
			Sectors of 30 Most Traded Manufacturing-Related Stocks
			</td>
			<td>
			Number of Stocks
			</td>
			<td>
			Average 2020 Total Return %
			</td>
			<td>
			Average 2021 to 2 Feb Price Change %
			</td>
			<td>
			2021 to 2 Feb Average Daily Turnover S$M
			</td>
		</tr>
<tr>
<td>
			Consumer Non-Cyclicals
			</td>
			<td>
			8
			</td>
			<td>
			68%
			</td>
			<td>
			45%
			</td>
			<td>
			110
			</td>
		</tr>
<tr>
<td>
			Industrials
			</td>
			<td>
			9
			</td>
			<td>
			58%
			</td>
			<td>
			30%
			</td>
			<td>
			117
			</td>
		</tr>
<tr>
<td>
			Healthcare
			</td>
			<td>
			5
			</td>
			<td>
			879%
			</td>
			<td>
			20%
			</td>
			<td>
			36
			</td>
		</tr>
<tr>
<td>
			Materials &amp; Resources
			</td>
			<td>
			2
			</td>
			<td>
			238%
			</td>
			<td>
			16%
			</td>
			<td>
			22
			</td>
		</tr>
<tr>
<td>
			Technology (Hardware/ Software)
			</td>
			<td>
			6
			</td>
			<td>
			34%
			</td>
			<td>
			15%
			</td>
			<td>
			68
			</td>
		</tr>
<tr>
<td>
			Total
			</td>
			<td>
			30
			</td>
			<td>
			205%
			</td>
			<td>
			29%
			</td>
			<td>
			353
			</td>
		</tr>
</tbody></table>
 Largely due to performances by Oceanus Group and Catalist-listed China Star Food Group, the average 2021 to 2 February gains of the eight Consumer Non-Cyclical stocks was 45%, with the less skewed median gain of the eight stocks at 17%.

 

<ul>
<li>Oceanus Group was placed on the SGX-ST Watch List with effect from 14 December 2015, and under the Financial Entry Criteria, the Company announced on 15 June 2020, that it received SGX-ST’s approval for its application for a further extension of time to 1 March 2021 to meet the Financial Exit Criteria. On 9 November, the company reported that for the 9MFY20 (ended 30 Sep) the Group generated total revenue amounting to RMB175.3 million. This was an RMB137.5 million (or 3.6 times) increase from RMB37.8 million recorded for 9MFY19 and represented the highest level of turnover for the Group since 2011, click <a href="https://links.sgx.com/1.0.0/corporate-announcements/HO64ME3OZ75700G2/9922377ccdc7ca6d4408be1f1ad542a03999004ec739fb141410d64e288d1070">here</a> more.</li>
</ul>
 

<ul>
<li>On 1 February, China Star Food Group completed a placement of 290 million New Ordinary Shares In the share capital of the Company. Back on 13 November, the company reported its 1HFY21 (ended 30 Sep) gross profit decreased by 46% YoY in tandem with lower revenue and additional expenses incurred to comply with the local government’s safety measures of ensuring a safe working environment for workers for the Group to continue operating amidst the global pandemic. For its 1HFY21, the company recorded a loss after tax of RMB 10.7 million, a reversal from the profit after tax of RMB 15.2 million in 1HFY20. The company noted the pandemic had quickened its pace in adopting technology in its traditional agriculture business, transforming the business into an “efficient Agri-tech supply chain operator in the sweet potato industry” – click <a href="https://links.sgx.com/FileOpen/CSFG%20-%201H%20FY2021%20Results%20-%20Press%20Release.ashx?App=Announcement&amp;FileID=639214">here</a> more.</li>
</ul>
 

Singapore’s 30 Most Traded Manufacturing-Related Stocks in Early 2021  
Together the 30 stocks that maintain manufacturing-related businesses have been recipient of S$153 million in net institutional inflows in the 2021 year to 2 February. The five of the 30 stocks that saw the highest net institutional inflows span multiple sectors and include Wilmar International, Fu Yu Corporation, AEM Holdings, UMS Holdings, and Sembcorp Marine. The latter four stocks were also among the five of the 30 stocks recipient to the highest net institutional inflows proportionate to market capitalisation, with Frencken Group the fifth stock.  The 30 stocks are sort by the highest trading turnover in the 2021 year to 2 February in the table below. Note there we a total of 33 stocks that have manufacturing-related businesses amongst Singapores most 100 traded stocks for the five weeks and hence the 30 stocks below are not necessarily an exclusive list of stocks that maintain a focus on manufacturing-related activity.

<table class="table table-striped"><tbody>
<tr>
<td>
			30 Most Traded Manufacturing-Related Stocks
			</td>
			<td>
			SGX Code
			</td>
			<td>
			Cap S$M
			</td>
			<td>
			2020 Total Return %
			</td>
			<td>
			2021 to 2 Feb Price Change %
			</td>
			<td>
			Net Insti Inflow YTD S$M
			</td>
			<td>
			Sector 
			</td>
		</tr>
<tr>
<td>
			Wilmar Intl
			</td>
			<td>
			F34
			</td>
			<td>
			34,241
			</td>
			<td>
			17
			</td>
			<td>
			17
			</td>
			<td>
			57
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			YZJ Shipbldg SGD
			</td>
			<td>
			BS6
			</td>
			<td>
			3,849
			</td>
			<td>
			-11
			</td>
			<td>
			5
			</td>
			<td>
			7
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			ThaiBev
			</td>
			<td>
			Y92
			</td>
			<td>
			20,720
			</td>
			<td>
			-15
			</td>
			<td>
			12
			</td>
			<td>
			-14
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			AEM
			</td>
			<td>
			AWX
			</td>
			<td>
			1,198
			</td>
			<td>
			75
			</td>
			<td>
			26
			</td>
			<td>
			46
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Sembcorp Marine
			</td>
			<td>
			S51
			</td>
			<td>
			1,908
			</td>
			<td>
			-83
			</td>
			<td>
			6
			</td>
			<td>
			29
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Venture
			</td>
			<td>
			V03
			</td>
			<td>
			5,861
			</td>
			<td>
			25
			</td>
			<td>
			4
			</td>
			<td>
			8
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Jiutian Chemical*
			</td>
			<td>
			C8R
			</td>
			<td>
			207
			</td>
			<td>
			382
			</td>
			<td>
			27
			</td>
			<td>
			1
			</td>
			<td>
			Materials &amp; Resources
			</td>
		</tr>
<tr>
<td>
			ST Engineering
			</td>
			<td>
			S63
			</td>
			<td>
			11,715
			</td>
			<td>
			1
			</td>
			<td>
			-2
			</td>
			<td>
			-37
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			UMS
			</td>
			<td>
			558
			</td>
			<td>
			736
			</td>
			<td>
			10
			</td>
			<td>
			28
			</td>
			<td>
			37
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			ISDN
			</td>
			<td>
			I07
			</td>
			<td>
			316
			</td>
			<td>
			79
			</td>
			<td>
			79
			</td>
			<td>
			-2
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Oceanus^
			</td>
			<td>
			579
			</td>
			<td>
			1,604
			</td>
			<td>
			575
			</td>
			<td>
			144
			</td>
			<td>
			-10
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Top Glove
			</td>
			<td>
			BVA
			</td>
			<td>
			18,534
			</td>
			<td>
			300
			</td>
			<td>
			15
			</td>
			<td>
			-10
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			SATS
			</td>
			<td>
			S58
			</td>
			<td>
			4,423
			</td>
			<td>
			-21
			</td>
			<td>
			-1
			</td>
			<td>
			-10
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Medtecs Intl*
			</td>
			<td>
			546
			</td>
			<td>
			582
			</td>
			<td>
			2,628
			</td>
			<td>
			6
			</td>
			<td>
			-7
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Nanofilm
			</td>
			<td>
			MZH
			</td>
			<td>
			3,375
			</td>
			<td>
			70
			</td>
			<td>
			16
			</td>
			<td>
			-9
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Riverstone
			</td>
			<td>
			AP4
			</td>
			<td>
			2,253
			</td>
			<td>
			143
			</td>
			<td>
			37
			</td>
			<td>
			16
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			UG Healthcare*
			</td>
			<td>
			8K7
			</td>
			<td>
			475
			</td>
			<td>
			1,157
			</td>
			<td>
			32
			</td>
			<td>
			0.4
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Sunpower
			</td>
			<td>
			5GD
			</td>
			<td>
			751
			</td>
			<td>
			30
			</td>
			<td>
			16
			</td>
			<td>
			-1
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Leader Env
			</td>
			<td>
			LS9
			</td>
			<td>
			231
			</td>
			<td>
			498
			</td>
			<td>
			132
			</td>
			<td>
			-2
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			First Resources
			</td>
			<td>
			EB5
			</td>
			<td>
			2,509
			</td>
			<td>
			-31
			</td>
			<td>
			24
			</td>
			<td>
			1
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Golden Agri-Res
			</td>
			<td>
			E5H
			</td>
			<td>
			2,361
			</td>
			<td>
			-30
			</td>
			<td>
			17
			</td>
			<td>
			5
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Frencken
			</td>
			<td>
			E28
			</td>
			<td>
			602
			</td>
			<td>
			47
			</td>
			<td>
			7
			</td>
			<td>
			7
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Japfa
			</td>
			<td>
			UD2
			</td>
			<td>
			1,844
			</td>
			<td>
			64
			</td>
			<td>
			-2
			</td>
			<td>
			0.1
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Avarga
			</td>
			<td>
			U09
			</td>
			<td>
			275
			</td>
			<td>
			93
			</td>
			<td>
			5
			</td>
			<td>
			-1
			</td>
			<td>
			Materials &amp; Resources
			</td>
		</tr>
<tr>
<td>
			Fu Yu
			</td>
			<td>
			F13
			</td>
			<td>
			207
			</td>
			<td>
			10
			</td>
			<td>
			4
			</td>
			<td>
			47
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Sarine Tech
			</td>
			<td>
			U77
			</td>
			<td>
			198
			</td>
			<td>
			16
			</td>
			<td>
			35
			</td>
			<td>
			-6
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Vicplas Intl
			</td>
			<td>
			569
			</td>
			<td>
			143
			</td>
			<td>
			169
			</td>
			<td>
			12
			</td>
			<td>
			-0.3
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			China Star Food*
			</td>
			<td>
			42W
			</td>
			<td>
			29
			</td>
			<td>
			-23
			</td>
			<td>
			140
			</td>
			<td>
			0.3
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Valuetronics
			</td>
			<td>
			BN2
			</td>
			<td>
			285
			</td>
			<td>
			-24
			</td>
			<td>
			11
			</td>
			<td>
			-0.5
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Olam Intl
			</td>
			<td>
			O32
			</td>
			<td>
			5,145
			</td>
			<td>
			-11
			</td>
			<td>
			5
			</td>
			<td>
			4
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Average
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			205
			</td>
			<td>
			29
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
<tr>
<td>
			Median
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			27
			</td>
			<td>
			16
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
</tbody></table>
 Note: *Listed on Catalist, ^on SGX Watch List. Sources SGX StockFacts, Refinitiv &amp; Bloomberg (Data as of 2 February 2021).
</body></html>





Singapore’s 30 most traded stocks that maintain manufacturing-related businesses have averaged a 29% YTD gain, with a less skewed median gain of 16%. While the 30 stocks make up 14% of the total market capitalisation of all SGX-listed stocks, they have contributed 25% to average daily turnover in the 2021 year to 2 February.  
	 
	
These 30 stocks span multiple Sectors such as Consumer Non-Cyclicals, Industrials, Healthcare, Materials &amp; Resources, in addition to Technology. Returns across the Sectors have been more balanced in the 2021 YTD, than in 2020 when Healthcare and Materials &amp; Resources led the group.  
	 
	Regional manufacturing activity has continued to be resilient in early 2021 with recent economic indicators showing broadening growth across the various Sectors. Supply chain efficiencies, rising commodity and food prices and consensus expectations for economic rebounds also impacted manufacturing stocks in recent months. 

 
 Regional manufacturing activity has continued to be resilient in early 2021, with both supply and demand drivers contributing to relevant stock price performances over the past five weeks. In Singapore, the 30 most traded stocks in the 2021 year to 2 February that maintain manufacturing-related activities have averaged a 29% gain, with a less skewed median gain of 16%. These 30 businesses span multiple Sectors such as Consumer Non-Cyclicals (i.e. food and beverage processing &amp; products), Industrials, Healthcare, Materials and Resources, in addition to Technology. While demand for medical supplies and technology equipment have been the more entrenched drivers of the goods producing stocks, more recent catalysts include industrial supply chain efficiencies, rising commodity and food prices and expectations for economic rebounds, particularly in China.  
The 30 most traded Singapore-listed stocks with manufacturing-related activities include Wilmar International, Thai Beverage PCL, Sembcorp Marine, AEM Holdings, ISDN Holdings and Medtecs International Corporation. Food producers suchs as Japfa and SATS are also included amongst the Group. The group also includes China-based stocks such as Catalist-listed Jiutian Chemical Group and Mainboard-listed Sunpower Group, with the latter announcing yesterday it had won a RMB141 million (S$29.1 million) manufacturing and services contract from an existing customer in the polycrystalline silicon industry.  Singapore’s Broader Manufacturing Sector Continued Rebound in January  
The Manufacturing Sector was an important contributor to the Singapore economy in 2020, with advanced estimates that the Sector grew 7.1% in 2020, rebounding from a 1.4% decline in 2019. As noted here, Singapore’s most traded manufacturing-related stocks also generated comparatively strong average and median returns in 2020. The strategic importance of the Sector was again underscored on 25 January, with Singapore’s Trade and Industry Minister Chan Chun Sing announcing a new 10-year plan to grow Singapore's manufacturing sector by 50% and maintain its share of about 20% GDP.  
The SIPMM Purchasing Managing Index (“PMI”) rose 0.2 points to 50.7 in January, with seven straight months of expansion. Over the past three months, the two sub-indices of the SIPMM PMI which saw the most decline from January 2018 to October 2020, New Orders and Output have continued to increase. The sub-index for New Orders has risen to 51.1 in January, from 50.6 in October 2020. 



      
    
    SIPMM PMI

Back in January 2018, the SIPMM PMI recorded its highest expansion since December 2009, which followed a strong year for the Singapore economy and was also the month that marked a key beachhead in the US-China trade tensions. At 51.0, the SIPMM Electronics PMI declined 0.2 points in January from a 27 month high in December 2020. The pick-up in broader manufacturing was also evident in the Industrial Production report for December released on 26 January. As illustrated below, aside from the growth of the Electronic and Semiconductor indices, the steady gains made by General Manufacturing, Petroleum and Transport Engineering are slowly disbanding the K-shape in the relative performances clearly evident from April through to August.


      
    
    Singapore Industrial Production Sub-Indices


Broad 2021 YTD Gains Across Manufacturing-Related Industries    Singapore’s 30 most traded stocks with manufacturing-related activities maintain a combined market capitalisation of S$127 billion, and so far in 2021 have seen S$353 million in average daily turnover. This means the 30 stocks made up 14% of the total market capitalisation of all stocks listed on Singapore Exchange and 25% of the day-to-day turnover in the 2021 year to 2 February.  
As detailed in the table below, the Industrial stocks account for the most number of stocks among the group of 30, and also contributed the most to the S$353 million in average daily turnover. While the five healthcare-related stocks led the group in 2020, gains have been more balanced in the 2021 year to 2 February.




			Sectors of 30 Most Traded Manufacturing-Related Stocks
			
			
			Number of Stocks
			
			
			Average 2020 Total Return %
			
			
			Average 2021 to 2 Feb Price Change %
			
			
			2021 to 2 Feb Average Daily Turnover S$M
			
		


			Consumer Non-Cyclicals
			
			
			8
			
			
			68%
			
			
			45%
			
			
			110
			
		


			Industrials
			
			
			9
			
			
			58%
			
			
			30%
			
			
			117
			
		


			Healthcare
			
			
			5
			
			
			879%
			
			
			20%
			
			
			36
			
		


			Materials &amp; Resources
			
			
			2
			
			
			238%
			
			
			16%
			
			
			22
			
		


			Technology (Hardware/ Software)
			
			
			6
			
			
			34%
			
			
			15%
			
			
			68
			
		


			Total
			
			
			30
			
			
			205%
			
			
			29%
			
			
			353
			
		

 Largely due to performances by Oceanus Group and Catalist-listed China Star Food Group, the average 2021 to 2 February gains of the eight Consumer Non-Cyclical stocks was 45%, with the less skewed median gain of the eight stocks at 17%.

 


Oceanus Group was placed on the SGX-ST Watch List with effect from 14 December 2015, and under the Financial Entry Criteria, the Company announced on 15 June 2020, that it received SGX-ST’s approval for its application for a further extension of time to 1 March 2021 to meet the Financial Exit Criteria. On 9 November, the company reported that for the 9MFY20 (ended 30 Sep) the Group generated total revenue amounting to RMB175.3 million. This was an RMB137.5 million (or 3.6 times) increase from RMB37.8 million recorded for 9MFY19 and represented the highest level of turnover for the Group since 2011, click here more.

 


On 1 February, China Star Food Group completed a placement of 290 million New Ordinary Shares In the share capital of the Company. Back on 13 November, the company reported its 1HFY21 (ended 30 Sep) gross profit decreased by 46% YoY in tandem with lower revenue and additional expenses incurred to comply with the local government’s safety measures of ensuring a safe working environment for workers for the Group to continue operating amidst the global pandemic. For its 1HFY21, the company recorded a loss after tax of RMB 10.7 million, a reversal from the profit after tax of RMB 15.2 million in 1HFY20. The company noted the pandemic had quickened its pace in adopting technology in its traditional agriculture business, transforming the business into an “efficient Agri-tech supply chain operator in the sweet potato industry” – click here more.

 

Singapore’s 30 Most Traded Manufacturing-Related Stocks in Early 2021    
Together the 30 stocks that maintain manufacturing-related businesses have been recipient of S$153 million in net institutional inflows in the 2021 year to 2 February. The five of the 30 stocks that saw the highest net institutional inflows span multiple sectors and include Wilmar International, Fu Yu Corporation, AEM Holdings, UMS Holdings, and Sembcorp Marine. The latter four stocks were also among the five of the 30 stocks recipient to the highest net institutional inflows proportionate to market capitalisation, with Frencken Group the fifth stock.   The 30 stocks are sort by the highest trading turnover in the 2021 year to 2 February in the table below. Note there we a total of 33 stocks that have manufacturing-related businesses amongst Singapores most 100 traded stocks for the five weeks and hence the 30 stocks below are not necessarily an exclusive list of stocks that maintain a focus on manufacturing-related activity.




			30 Most Traded Manufacturing-Related Stocks
			
			
			SGX Code
			
			
			Cap S$M
			
			
			2020 Total Return %
			
			
			2021 to 2 Feb Price Change %
			
			
			Net Insti Inflow YTD S$M
			
			
			Sector 
			
		


			Wilmar Intl
			
			
			F34
			
			
			34,241
			
			
			17
			
			
			17
			
			
			57
			
			
			Consumer Non-Cyclicals
			
		


			YZJ Shipbldg SGD
			
			
			BS6
			
			
			3,849
			
			
			-11
			
			
			5
			
			
			7
			
			
			Industrials
			
		


			ThaiBev
			
			
			Y92
			
			
			20,720
			
			
			-15
			
			
			12
			
			
			-14
			
			
			Consumer Non-Cyclicals
			
		


			AEM
			
			
			AWX
			
			
			1,198
			
			
			75
			
			
			26
			
			
			46
			
			
			Technology (Hardware/ Software)
			
		


			Sembcorp Marine
			
			
			S51
			
			
			1,908
			
			
			-83
			
			
			6
			
			
			29
			
			
			Industrials
			
		


			Venture
			
			
			V03
			
			
			5,861
			
			
			25
			
			
			4
			
			
			8
			
			
			Technology (Hardware/ Software)
			
		


			Jiutian Chemical*
			
			
			C8R
			
			
			207
			
			
			382
			
			
			27
			
			
			1
			
			
			Materials &amp; Resources
			
		


			ST Engineering
			
			
			S63
			
			
			11,715
			
			
			1
			
			
			-2
			
			
			-37
			
			
			Industrials
			
		


			UMS
			
			
			558
			
			
			736
			
			
			10
			
			
			28
			
			
			37
			
			
			Technology (Hardware/ Software)
			
		


			ISDN
			
			
			I07
			
			
			316
			
			
			79
			
			
			79
			
			
			-2
			
			
			Industrials
			
		


			Oceanus^
			
			
			579
			
			
			1,604
			
			
			575
			
			
			144
			
			
			-10
			
			
			Consumer Non-Cyclicals
			
		


			Top Glove
			
			
			BVA
			
			
			18,534
			
			
			300
			
			
			15
			
			
			-10
			
			
			Healthcare
			
		


			SATS
			
			
			S58
			
			
			4,423
			
			
			-21
			
			
			-1
			
			
			-10
			
			
			Industrials
			
		


			Medtecs Intl*
			
			
			546
			
			
			582
			
			
			2,628
			
			
			6
			
			
			-7
			
			
			Healthcare
			
		


			Nanofilm
			
			
			MZH
			
			
			3,375
			
			
			70
			
			
			16
			
			
			-9
			
			
			Technology (Hardware/ Software)
			
		


			Riverstone
			
			
			AP4
			
			
			2,253
			
			
			143
			
			
			37
			
			
			16
			
			
			Healthcare
			
		


			UG Healthcare*
			
			
			8K7
			
			
			475
			
			
			1,157
			
			
			32
			
			
			0.4
			
			
			Healthcare
			
		


			Sunpower
			
			
			5GD
			
			
			751
			
			
			30
			
			
			16
			
			
			-1
			
			
			Industrials
			
		


			Leader Env
			
			
			LS9
			
			
			231
			
			
			498
			
			
			132
			
			
			-2
			
			
			Industrials
			
		


			First Resources
			
			
			EB5
			
			
			2,509
			
			
			-31
			
			
			24
			
			
			1
			
			
			Consumer Non-Cyclicals
			
		


			Golden Agri-Res
			
			
			E5H
			
			
			2,361
			
			
			-30
			
			
			17
			
			
			5
			
			
			Consumer Non-Cyclicals
			
		


			Frencken
			
			
			E28
			
			
			602
			
			
			47
			
			
			7
			
			
			7
			
			
			Technology (Hardware/ Software)
			
		


			Japfa
			
			
			UD2
			
			
			1,844
			
			
			64
			
			
			-2
			
			
			0.1
			
			
			Consumer Non-Cyclicals
			
		


			Avarga
			
			
			U09
			
			
			275
			
			
			93
			
			
			5
			
			
			-1
			
			
			Materials &amp; Resources
			
		


			Fu Yu
			
			
			F13
			
			
			207
			
			
			10
			
			
			4
			
			
			47
			
			
			Industrials
			
		


			Sarine Tech
			
			
			U77
			
			
			198
			
			
			16
			
			
			35
			
			
			-6
			
			
			Industrials
			
		


			Vicplas Intl
			
			
			569
			
			
			143
			
			
			169
			
			
			12
			
			
			-0.3
			
			
			Healthcare
			
		


			China Star Food*
			
			
			42W
			
			
			29
			
			
			-23
			
			
			140
			
			
			0.3
			
			
			Consumer Non-Cyclicals
			
		


			Valuetronics
			
			
			BN2
			
			
			285
			
			
			-24
			
			
			11
			
			
			-0.5
			
			
			Technology (Hardware/ Software)
			
		


			Olam Intl
			
			
			O32
			
			
			5,145
			
			
			-11
			
			
			5
			
			
			4
			
			
			Consumer Non-Cyclicals
			
		


			Average
			
			
			 
			
			
			 
			
			
			205
			
			
			29
			
			
			 
			
			
			 
			
		


			Median
			
			
			 
			
			
			 
			
			
			27
			
			
			16
			
			
			 
			
			
			 
			
		

 Note: *Listed on Catalist, ^on SGX Watch List. Sources SGX StockFacts, Refinitiv &amp; Bloomberg (Data as of 2 February 2021).



Manufacturing Stocks Continued to Outpace in Early 2021 

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UnUsUaL and Kimly have Biggest Weights in FTSE Catalist Index

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China Star Food Group Limited provides integrated snacks products. The Company offers cultivation and supply of sweet potato, as well as focuses on product innovation, production, brand building, marketing, and distribution services. China Star Food Group serves clients in China and Singapore.

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China Star Food (CSFG SP)

Manufacturing Stocks Continued to Outpace in Early 2021

Singapore’s 30 most traded stocks that maintain manufacturing-related businesses have averaged a 29% YTD gain, with a less skewed median gain...

Singapore Exchange Ltd (SGX)

UnUsUaL and Kimly have Biggest Weights in FTSE Catalist Index

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