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.

Asia’s leading multi-asset exchange

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

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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The Industrials Sector was the top net buy sector on SGX in Nov 2019, garnering net institutional inflows of S$112.4 million. This reversed net outflows of S$25.7 million and S$17.8 million in Oct and Sept respectively. 
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The 10 largest Industrials stocks on SGX have a combined market cap of more than S$55 billion, and are involved in the following segments: industrial conglomerates, construction &amp; engineering, air freight &amp; logistics, transportation, aerospace &amp; defence, human resource &amp; employment services, as well as diversified support services. 
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Among the 10, the five best performers in the 2019 YTD were: CITIC Envirotech (+44.9%), SBS Transit (+41.9%), Vicom Ltd (+35.7%), SIA Engineering (+28.4%) and ST Engineering (+19.4%). These five have averaged a YTD total return of 34.1%. 
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SGX lists more than 200 stocks in the Industrials Sector, which was the top net buy sector in November 2019, garnering net institutional inflows of S$112.4 million. This reversed net outflows of S$25.7 million and S$17.8 million in October and September respectively. 
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 <div class='content-caption'>net institutional inflows of S$112.4 million</div>
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Source: SGX data

 

The 10 largest Industrials stocks by market capitalisation on SGX are involved in the following business segments: industrial conglomerates, construction &amp; engineering, air freight &amp; logistics, transportation, aerospace &amp; defence, human resource &amp; employment services, as well as diversified support services. These 10 stocks have a combined market cap of nearly S$55 billion.

Among them, the five best performers in the 2019 year-to-date were: CITIC Envirotech (+44.9%), SBS Transit (+41.9%), Vicom Ltd (+35.7%), SIA Engineering (+28.4%) and ST Engineering (+19.4%). They have averaged a YTD total return of 34.1%, which brings their three-year average total return to 34.9%.

The table below details the 10 largest, best-performing Industrials plays on SGX, sorted by YTD total returns.

<table class="table table-striped"><tbody>
<tr>
<td>
			Name
			</td>
			<td>
			SGX Code
			</td>
			<td>
			Market Cap (S$)
			</td>
			<td>
			Total Return YTD (%)
			</td>
			<td>
			Total Return 3Y (%)
			</td>
		</tr>
<tr>
<td>
			CITIC ENVIROTECH
			</td>
			<td>
			CEE
			</td>
			<td>
			1,314,004,352
			</td>
			<td>
			44.9
			</td>
			<td>
			-10.1
			</td>
		</tr>
<tr>
<td>
			SBS TRANSIT
			</td>
			<td>
			S61
			</td>
			<td>
			1,153,566,592
			</td>
			<td>
			41.9
			</td>
			<td>
			97.8
			</td>
		</tr>
<tr>
<td>
			VICOM LTD
			</td>
			<td>
			V01
			</td>
			<td>
			674,565,632
			</td>
			<td>
			35.7
			</td>
			<td>
			59.7
			</td>
		</tr>
<tr>
<td>
			SIA ENGINEERING
			</td>
			<td>
			S59
			</td>
			<td>
			3,136,878,080
			</td>
			<td>
			28.4
			</td>
			<td>
			-6.9
			</td>
		</tr>
<tr>
<td>
			ST ENGINEERING
			</td>
			<td>
			S63
			</td>
			<td>
			12,500,008,960
			</td>
			<td>
			19.4
			</td>
			<td>
			34.0
			</td>
		</tr>
<tr>
<td>
			COMFORTDELGRO CORP
			</td>
			<td>
			C52
			</td>
			<td>
			5,262,793,728
			</td>
			<td>
			17.8
			</td>
			<td>
			6.4
			</td>
		</tr>
<tr>
<td>
			KEPPEL CORP
			</td>
			<td>
			BN4
			</td>
			<td>
			12,169,742,336
			</td>
			<td>
			17.3
			</td>
			<td>
			25.2
			</td>
		</tr>
<tr>
<td>
			SATS LTD
			</td>
			<td>
			S58
			</td>
			<td>
			5,535,035,392
			</td>
			<td>
			10.4
			</td>
			<td>
			16.5
			</td>
		</tr>
<tr>
<td>
			SINGAPORE POST
			</td>
			<td>
			S08
			</td>
			<td>
			2,070,035,840
			</td>
			<td>
			4.2
			</td>
			<td>
			-31.8
			</td>
		</tr>
<tr>
<td>
			SINGAPORE AIRLINES
			</td>
			<td>
			C6L
			</td>
			<td>
			10,701,708,288
			</td>
			<td>
			-1.0
			</td>
			<td>
			1.3
			</td>
		</tr>
<tr>
<td>
			Average
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			21.9
			</td>
			<td>
			19.2
			</td>
		</tr>
</tbody></table>
Source: Bloomberg &amp; StockFacts (data as of 11 Dec 2019)
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The Industrials Sector was the top net buy sector on SGX in Nov 2019, garnering net institutional inflows of S$112.4 million. This reversed net outflows of S$25.7 million and S$17.8 million in Oct and Sept respectively. 
	 
	
The 10 largest Industrials stocks on SGX have a combined market cap of more than S$55 billion, and are involved in the following segments: industrial conglomerates, construction &amp; engineering, air freight &amp; logistics, transportation, aerospace &amp; defence, human resource &amp; employment services, as well as diversified support services. 
	 
	
Among the 10, the five best performers in the 2019 YTD were: CITIC Envirotech (+44.9%), SBS Transit (+41.9%), Vicom Ltd (+35.7%), SIA Engineering (+28.4%) and ST Engineering (+19.4%). These five have averaged a YTD total return of 34.1%. 
	 

SGX lists more than 200 stocks in the Industrials Sector, which was the top net buy sector in November 2019, garnering net institutional inflows of S$112.4 million. This reversed net outflows of S$25.7 million and S$17.8 million in October and September respectively. 



      
    
    net institutional inflows of S$112.4 million


Source: SGX data

 

The 10 largest Industrials stocks by market capitalisation on SGX are involved in the following business segments: industrial conglomerates, construction &amp; engineering, air freight &amp; logistics, transportation, aerospace &amp; defence, human resource &amp; employment services, as well as diversified support services. These 10 stocks have a combined market cap of nearly S$55 billion.

Among them, the five best performers in the 2019 year-to-date were: CITIC Envirotech (+44.9%), SBS Transit (+41.9%), Vicom Ltd (+35.7%), SIA Engineering (+28.4%) and ST Engineering (+19.4%). They have averaged a YTD total return of 34.1%, which brings their three-year average total return to 34.9%.

The table below details the 10 largest, best-performing Industrials plays on SGX, sorted by YTD total returns.




			Name
			
			
			SGX Code
			
			
			Market Cap (S$)
			
			
			Total Return YTD (%)
			
			
			Total Return 3Y (%)
			
		


			CITIC ENVIROTECH
			
			
			CEE
			
			
			1,314,004,352
			
			
			44.9
			
			
			-10.1
			
		


			SBS TRANSIT
			
			
			S61
			
			
			1,153,566,592
			
			
			41.9
			
			
			97.8
			
		


			VICOM LTD
			
			
			V01
			
			
			674,565,632
			
			
			35.7
			
			
			59.7
			
		


			SIA ENGINEERING
			
			
			S59
			
			
			3,136,878,080
			
			
			28.4
			
			
			-6.9
			
		


			ST ENGINEERING
			
			
			S63
			
			
			12,500,008,960
			
			
			19.4
			
			
			34.0
			
		


			COMFORTDELGRO CORP
			
			
			C52
			
			
			5,262,793,728
			
			
			17.8
			
			
			6.4
			
		


			KEPPEL CORP
			
			
			BN4
			
			
			12,169,742,336
			
			
			17.3
			
			
			25.2
			
		


			SATS LTD
			
			
			S58
			
			
			5,535,035,392
			
			
			10.4
			
			
			16.5
			
		


			SINGAPORE POST
			
			
			S08
			
			
			2,070,035,840
			
			
			4.2
			
			
			-31.8
			
		


			SINGAPORE AIRLINES
			
			
			C6L
			
			
			10,701,708,288
			
			
			-1.0
			
			
			1.3
			
		


			Average
			
			
			 
			
			
			 
			
			
			21.9
			
			
			19.2
			
		

Source: Bloomberg &amp; StockFacts (data as of 11 Dec 2019)



Five Largest, Best-Performing Industrials Stocks Returned 34% in YTD      