In today’s briefing:
- Tourism & Hospitality stocks poised to benefit from F1 and large scale events in coming months
- Global Energy Stocks on the Move in Sep, while Telcos Lead Region
- Wilmar’s Chairman Kuok & QAF MD Lin Kejian Continue to Build Interests
- REIT Watch – Four industrial S-Reits among best performing in the year to date
- TSH Resources – Malaysia’s Leading Palm Oil Producer – Debuts on SGX
Tourism & Hospitality stocks poised to benefit from F1 and large scale events in coming months
- Singapore received over 9 million tourist arrivals from the start of 2023 to end August, a 204.5% year-on-year increase.
- The 10 most actively traded stocks in the tourism and hospitality sectors have booked net institutional inflows of S$2 million, and returned an average 2.3% total returns in the year-to-date ending 21 Sep.
- International visitor arrivals to Singapore in August dipped slightly to 31 million in August, due to seasonality and after school holidays.
Global Energy Stocks on the Move in Sep, while Telcos Lead Region
- Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.
- In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.
- These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.
Wilmar’s Chairman Kuok & QAF MD Lin Kejian Continue to Build Interests
- Wilmar chairman Kuok, QAF MD Lin Kejian continue to build interests OCBC led the share buyback consideration tally, buying back 2 million shares at an average price of S$12.67 per share, followed by Olam Group, which bought back 7 million shares at an average price of S$1.08 per share.
- Between Sep 13 and Sep 15, QAF joint group managing director and executive director Lin Kejian acquired 945,600 shares at an average price of S$0.824 per share.
REIT Watch – Four industrial S-Reits among best performing in the year to date
- While the iEdge S-Reit Index (benchmark for the S-Reits cluster) returned flat in the year to date, the top 10 performing S-Reits within the benchmark averaged 11.1 per cent total returns.
- Of these, four were industrial Reits – AIMS Apac Reit (11.2 per cent in total returns), Mapletree Logistics Trust (9.3 per cent), Mapletree Industrial Trust (7.7 per cent), and CapitaLand Ascendas Reit (7.3 per cent).
- The four industrial Reits averaged 9 per cent in total returns in the year to date and recorded combined net institutional fund inflows of S$18.9 million.
TSH Resources – Malaysia’s Leading Palm Oil Producer – Debuts on SGX
- TSH Resources – one of Malaysia’s leading plantation groups – made its debut on SGX through a secondary listing.
- Through its secondary listing, TSH is aiming to strengthen its presence in Singapore and garner interest from investors and traders worldwide with higher visibility.
- TSH Resources is a producer of Crude Palm Oil and Palm Kernel, with its oil palm plantations located in Malaysia and Indonesia.
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