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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<li>
The SIPMM PMI rose 0.3 points to 50.8 in March, with nine straight months of expansion, and the March 2021 gauge reaching a two year high. Over the past five months, the sub-index for New Orders has risen to 51.2 in March, from 50.6 in October 2020. 
	 </li>
	<li>
Singapore’s most traded manufacturing-related stocks have generated 15% median gains in 2021 YTD, compared to 56% median gains in 2020. Returns across the various manufacturers were more symmetric in 1Q20 compared to 2020, reflecting more confidence in the broad economy. 
	 </li>
	<li>The Technology Sector continued to be comparatively strong into early April, with Nanofilm Technologies, UMS Holdings, AEM Holdings and Frencken Group among the five actively traded manufacturers with the highest net institutional inflows over the past five sessions, while 16% averaging 2021 YTD price gains.  </li>
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Singapore’s manufacturing sector has extended its 2020 gains in 1Q21. Singapore’s 20 most traded stocks with manufacturing-related activities have also contributed 20% to the combined average daily turnover of S$1.46 billion for all companies and trusts listed on the SGX in the 2021 year to 6 April. 
The 20 stocks 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. The 20 stock have also generated 15% median gains in 2021 year to 6 April, compared to 56% median gains in 2020. Returns across the various manufacturing stock sector were more symmetric in 1Q20 compared to 2020, reflecting more confidence in the broad economy. 
This was particularly the case with the manufacturing related businesses representing the Industrial Sector. Five of the 20 stocks represent the Industrials Sector and include Yangzijiang Shipbuilding, Sembcorp Marine, ST Engineering, SATS and ISDN Holdings. Together the five stocks have seen a combined S$201 million of net institutional inflow in the 2021 year to 6 April, a turnaround from the S$359 million in net institutional outflow in 2020. Of the five, ST Engineering was the only stock to see net institutional outflows in the 2021 year to 6 April, after the stock saw inflows in 2020. The converse applied for the remaining four industrial stocks, that is, net institutional inflows in the 2021 year to 6 April, following outflows in 2020. This has coincided with the five Industrial stocks averaging 31% gains in the 2021 year to 6 April, compared to a 7% decline in 2020. 
Earlier this week the Singapore Institute of Purchasing and Materials Management (“SIPMM”) reported Singapore’s Purchasing Managing Index (“PMI”) rose 0.3 points to 50.8 in March, with nine straight months of expansion, and the March 2021 gauge reaching a two year high. Over the past five months, the PMI sub-index for New Orders has risen to 51.2 in March, from 50.6 in October 2020.
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 <img src='https://api2.sgx.com/sites/default/files/2021-04/Capture_2.PNG' alt='SIPMM PMI' />
 </figure>
 <div class='content-caption'>SIPMM PMI</div>
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The Technology Sector continued to be comparatively strong into early April, with Nanofilm Technologies International, UMS Holdings, AEM Holdings and Frencken Group among the five actively traded manufacturers with the highest net institutional inflows over the past five sessions. The four stocks have averaged 16% price gains in the 2021 year to 6 April, following 38% gains in 2020. Demand for semiconductors also accounted for the performance of the TAIEX Index which along with the Straits Times Index, has led the Asian region in the 2021 year to 6 April. Higher commodity prices have also seen Yangzijiang Shipbuilding Holdings and Wilmar International rank among the 11 STI stocks that posted double-digit gains in 1Q21. The two stocks saw a combined S$224 million of net institutional inflow in 1Q21, propelling the FTSE ST China Index to also produce its strongest start to a calendar year since 2012, quadrupling the return of the Hang Seng China Enterprises Index. 
Singapore’s 20 most traded stocks with manufacturing-related activities are sort by highest turnover and tabled below. 

<table class="table table-striped"><tbody>
<tr>
<td>
			20 Most Trading Stocks with Manufacturing Related Focus
			</td>
			<td>
			SGX Code
			</td>
			<td>
			Average Daily Turnover YTD S$M 
			</td>
			<td>
			 Mkt Cap S$M 
			</td>
			<td>
			 2020 Total Return % 
			</td>
			<td>
			Net Insti. Flow YTD S$M
			</td>
			<td>
			30 March Open -6 April Close Net Insti Flow S$M
			</td>
			<td>
			29 March Close  -6 April Close Price Change %
			</td>
			<td>
			YTD Price Change %
			</td>
			<td>
			Sector
			</td>
		</tr>
<tr>
<td>
			YZJ Shipbldg SGD
			</td>
			<td>
			BS6
			</td>
			<td>
			47.3
			</td>
			<td>
			4,849
			</td>
			<td>
			-11
			</td>
			<td>
			165.0
			</td>
			<td>
			-13.4
			</td>
			<td>
			-2.3
			</td>
			<td>
			32
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Wilmar Intl
			</td>
			<td>
			F34
			</td>
			<td>
			46.5
			</td>
			<td>
			34,396
			</td>
			<td>
			17
			</td>
			<td>
			41.4
			</td>
			<td>
			-10.7
			</td>
			<td>
			0.0
			</td>
			<td>
			17
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			ThaiBev
			</td>
			<td>
			Y92
			</td>
			<td>
			27.6
			</td>
			<td>
			19,593
			</td>
			<td>
			-15
			</td>
			<td>
			-207.8
			</td>
			<td>
			-2.6
			</td>
			<td>
			6.1
			</td>
			<td>
			6
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			AEM
			</td>
			<td>
			AWX
			</td>
			<td>
			20.9
			</td>
			<td>
			1,164
			</td>
			<td>
			75
			</td>
			<td>
			-15.7
			</td>
			<td>
			-2.0
			</td>
			<td>
			-0.2
			</td>
			<td>
			21
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Venture
			</td>
			<td>
			V03
			</td>
			<td>
			20.0
			</td>
			<td>
			5,921
			</td>
			<td>
			25
			</td>
			<td>
			-61.2
			</td>
			<td>
			2.3
			</td>
			<td>
			1.8
			</td>
			<td>
			5
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Sembcorp Marine
			</td>
			<td>
			S51
			</td>
			<td>
			18.6
			</td>
			<td>
			2,637
			</td>
			<td>
			-83
			</td>
			<td>
			71.2
			</td>
			<td>
			24.8
			</td>
			<td>
			30.4
			</td>
			<td>
			47
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			ST Engineering
			</td>
			<td>
			S63
			</td>
			<td>
			16.1
			</td>
			<td>
			12,326
			</td>
			<td>
			1
			</td>
			<td>
			-88.9
			</td>
			<td>
			-9.8
			</td>
			<td>
			1.5
			</td>
			<td>
			3
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Jiutian Chemical
			</td>
			<td>
			C8R
			</td>
			<td>
			12.6
			</td>
			<td>
			177
			</td>
			<td>
			382
			</td>
			<td>
			-0.6
			</td>
			<td>
			1.3
			</td>
			<td>
			4.7
			</td>
			<td>
			9
			</td>
			<td>
			Materials &amp; Resources
			</td>
		</tr>
<tr>
<td>
			Oceanus^
			</td>
			<td>
			579
			</td>
			<td>
			12.3
			</td>
			<td>
			1,045
			</td>
			<td>
			575
			</td>
			<td>
			-18.5
			</td>
			<td>
			-5.8
			</td>
			<td>
			10.3
			</td>
			<td>
			59
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			SATS
			</td>
			<td>
			S58
			</td>
			<td>
			11.6
			</td>
			<td>
			4,905
			</td>
			<td>
			-21
			</td>
			<td>
			52.3
			</td>
			<td>
			-2.1
			</td>
			<td>
			0.5
			</td>
			<td>
			10
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			UMS
			</td>
			<td>
			558
			</td>
			<td>
			11.2
			</td>
			<td>
			736
			</td>
			<td>
			10
			</td>
			<td>
			20.0
			</td>
			<td>
			3.5
			</td>
			<td>
			3.0
			</td>
			<td>
			28
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Nanofilm
			</td>
			<td>
			MZH
			</td>
			<td>
			9.0
			</td>
			<td>
			3,427
			</td>
			<td>
			70
			</td>
			<td>
			-16.5
			</td>
			<td>
			12.5
			</td>
			<td>
			5.7
			</td>
			<td>
			18
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Top Glove
			</td>
			<td>
			BVA
			</td>
			<td>
			8.2
			</td>
			<td>
			12,093
			</td>
			<td>
			300
			</td>
			<td>
			-49.4
			</td>
			<td>
			-6.2
			</td>
			<td>
			-6.1
			</td>
			<td>
			-23
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			ISDN
			</td>
			<td>
			I07
			</td>
			<td>
			7.8
			</td>
			<td>
			287
			</td>
			<td>
			79
			</td>
			<td>
			1.1
			</td>
			<td>
			0.7
			</td>
			<td>
			6.5
			</td>
			<td>
			63
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			Medtecs Intl
			</td>
			<td>
			546
			</td>
			<td>
			7.6
			</td>
			<td>
			527
			</td>
			<td>
			2,628
			</td>
			<td>
			0.4
			</td>
			<td>
			1.0
			</td>
			<td>
			2.7
			</td>
			<td>
			-4
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Riverstone
			</td>
			<td>
			AP4
			</td>
			<td>
			5.6
			</td>
			<td>
			1,882
			</td>
			<td>
			143
			</td>
			<td>
			15.6
			</td>
			<td>
			-1.1
			</td>
			<td>
			1.6
			</td>
			<td>
			14
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Frencken
			</td>
			<td>
			E28
			</td>
			<td>
			4.8
			</td>
			<td>
			649
			</td>
			<td>
			47
			</td>
			<td>
			8.3
			</td>
			<td>
			2.2
			</td>
			<td>
			2.7
			</td>
			<td>
			15
			</td>
			<td>
			Technology (Hardware/ Software)
			</td>
		</tr>
<tr>
<td>
			Golden Agri-Res
			</td>
			<td>
			E5H
			</td>
			<td>
			4.0
			</td>
			<td>
			2,665
			</td>
			<td>
			-30
			</td>
			<td>
			6.4
			</td>
			<td>
			0.8
			</td>
			<td>
			5.0
			</td>
			<td>
			32
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Japfa
			</td>
			<td>
			UD2
			</td>
			<td>
			3.8
			</td>
			<td>
			1,854
			</td>
			<td>
			64
			</td>
			<td>
			9.5
			</td>
			<td>
			0.5
			</td>
			<td>
			2.2
			</td>
			<td>
			-1
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			UG Healthcare
			</td>
			<td>
			8K7
			</td>
			<td>
			3.7
			</td>
			<td>
			361
			</td>
			<td>
			1,157
			</td>
			<td>
			-2.4
			</td>
			<td>
			0.0
			</td>
			<td>
			2.6
			</td>
			<td>
			0
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Total
			</td>
			<td>
			 
			</td>
			<td>
			299.1
			</td>
			<td>
			111,492
			</td>
			<td>
			 
			</td>
			<td>
			-69.9
			</td>
			<td>
			-4.1
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
<tr>
<td>
			Average
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			271
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			4
			</td>
			<td>
			18
			</td>
			<td>
			 
			</td>
		</tr>
<tr>
<td>
			Median
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			56
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			3
			</td>
			<td>
			15
			</td>
			<td>
			 
			</td>
		</tr>
</tbody></table>
 Note: ^ on SGX Watch List. Sources SGX StockFacts, Refinitiv &amp; Bloomberg (Data as of 6 April 2021)

 

Proportionate to current market capitalisation, Fu Yu Corporation has recorded the largest net institutional inflows of all stocks listed on SGX in the 2021 year to 6 April. While Fu Yu Corporation has not been a top 20 traded manufacturing stock in the 2021 year to 6 April, the stock has now recovered more than 60% from its 18.9 cents low amidst the March 2020 volatility.  On 23 February, the vertically integrated manufacturer of precision plastic components reported that its FY20 (ended 31 Dec) net profit grew 33.3% to S$16.9 million. With the results, Fu Yu Corporation’s CEO noted that to ensure business resilience and stability in the current challenging business environment, the company will continue to optimise its operations, maintain a diversified customer base and product portfolio, and sustain a sound financial position.
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The SIPMM PMI rose 0.3 points to 50.8 in March, with nine straight months of expansion, and the March 2021 gauge reaching a two year high. Over the past five months, the sub-index for New Orders has risen to 51.2 in March, from 50.6 in October 2020. 
	 
	
Singapore’s most traded manufacturing-related stocks have generated 15% median gains in 2021 YTD, compared to 56% median gains in 2020. Returns across the various manufacturers were more symmetric in 1Q20 compared to 2020, reflecting more confidence in the broad economy. 
	 
	The Technology Sector continued to be comparatively strong into early April, with Nanofilm Technologies, UMS Holdings, AEM Holdings and Frencken Group among the five actively traded manufacturers with the highest net institutional inflows over the past five sessions, while 16% averaging 2021 YTD price gains.  

 

Singapore’s manufacturing sector has extended its 2020 gains in 1Q21. Singapore’s 20 most traded stocks with manufacturing-related activities have also contributed 20% to the combined average daily turnover of S$1.46 billion for all companies and trusts listed on the SGX in the 2021 year to 6 April.  
The 20 stocks 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.  The 20 stock have also generated 15% median gains in 2021 year to 6 April, compared to 56% median gains in 2020. Returns across the various manufacturing stock sector were more symmetric in 1Q20 compared to 2020, reflecting more confidence in the broad economy.  
This was particularly the case with the manufacturing related businesses representing the Industrial Sector. Five of the 20 stocks represent the Industrials Sector and include Yangzijiang Shipbuilding, Sembcorp Marine, ST Engineering, SATS and ISDN Holdings. Together the five stocks have seen a combined S$201 million of net institutional inflow in the 2021 year to 6 April, a turnaround from the S$359 million in net institutional outflow in 2020. Of the five, ST Engineering was the only stock to see net institutional outflows in the 2021 year to 6 April, after the stock saw inflows in 2020. The converse applied for the remaining four industrial stocks, that is, net institutional inflows in the 2021 year to 6 April, following outflows in 2020. This has coincided with the five Industrial stocks averaging 31% gains in the 2021 year to 6 April, compared to a 7% decline in 2020.  
Earlier this week the Singapore Institute of Purchasing and Materials Management (“SIPMM”) reported Singapore’s Purchasing Managing Index (“PMI”) rose 0.3 points to 50.8 in March, with nine straight months of expansion, and the March 2021 gauge reaching a two year high. Over the past five months, the PMI sub-index for New Orders has risen to 51.2 in March, from 50.6 in October 2020.



      
    
    SIPMM PMI


The Technology Sector continued to be comparatively strong into early April, with Nanofilm Technologies International, UMS Holdings, AEM Holdings and Frencken Group among the five actively traded manufacturers with the highest net institutional inflows over the past five sessions. The four stocks have averaged 16% price gains in the 2021 year to 6 April, following 38% gains in 2020. Demand for semiconductors also accounted for the performance of the TAIEX Index which along with the Straits Times Index, has led the Asian region in the 2021 year to 6 April. Higher commodity prices have also seen Yangzijiang Shipbuilding Holdings and Wilmar International rank among the 11 STI stocks that posted double-digit gains in 1Q21. The two stocks saw a combined S$224 million of net institutional inflow in 1Q21, propelling the FTSE ST China Index to also produce its strongest start to a calendar year since 2012, quadrupling the return of the Hang Seng China Enterprises Index.  
Singapore’s 20 most traded stocks with manufacturing-related activities are sort by highest turnover and tabled below. 




			20 Most Trading Stocks with Manufacturing Related Focus
			
			
			SGX Code
			
			
			Average Daily Turnover YTD S$M 
			
			
			 Mkt Cap S$M 
			
			
			 2020 Total Return % 
			
			
			Net Insti. Flow YTD S$M
			
			
			30 March Open -6 April Close Net Insti Flow S$M
			
			
			29 March Close  -6 April Close Price Change %
			
			
			YTD Price Change %
			
			
			Sector
			
		


			YZJ Shipbldg SGD
			
			
			BS6
			
			
			47.3
			
			
			4,849
			
			
			-11
			
			
			165.0
			
			
			-13.4
			
			
			-2.3
			
			
			32
			
			
			Industrials
			
		


			Wilmar Intl
			
			
			F34
			
			
			46.5
			
			
			34,396
			
			
			17
			
			
			41.4
			
			
			-10.7
			
			
			0.0
			
			
			17
			
			
			Consumer Non-Cyclicals
			
		


			ThaiBev
			
			
			Y92
			
			
			27.6
			
			
			19,593
			
			
			-15
			
			
			-207.8
			
			
			-2.6
			
			
			6.1
			
			
			6
			
			
			Consumer Non-Cyclicals
			
		


			AEM
			
			
			AWX
			
			
			20.9
			
			
			1,164
			
			
			75
			
			
			-15.7
			
			
			-2.0
			
			
			-0.2
			
			
			21
			
			
			Technology (Hardware/ Software)
			
		


			Venture
			
			
			V03
			
			
			20.0
			
			
			5,921
			
			
			25
			
			
			-61.2
			
			
			2.3
			
			
			1.8
			
			
			5
			
			
			Technology (Hardware/ Software)
			
		


			Sembcorp Marine
			
			
			S51
			
			
			18.6
			
			
			2,637
			
			
			-83
			
			
			71.2
			
			
			24.8
			
			
			30.4
			
			
			47
			
			
			Industrials
			
		


			ST Engineering
			
			
			S63
			
			
			16.1
			
			
			12,326
			
			
			1
			
			
			-88.9
			
			
			-9.8
			
			
			1.5
			
			
			3
			
			
			Industrials
			
		


			Jiutian Chemical
			
			
			C8R
			
			
			12.6
			
			
			177
			
			
			382
			
			
			-0.6
			
			
			1.3
			
			
			4.7
			
			
			9
			
			
			Materials &amp; Resources
			
		


			Oceanus^
			
			
			579
			
			
			12.3
			
			
			1,045
			
			
			575
			
			
			-18.5
			
			
			-5.8
			
			
			10.3
			
			
			59
			
			
			Consumer Non-Cyclicals
			
		


			SATS
			
			
			S58
			
			
			11.6
			
			
			4,905
			
			
			-21
			
			
			52.3
			
			
			-2.1
			
			
			0.5
			
			
			10
			
			
			Industrials
			
		


			UMS
			
			
			558
			
			
			11.2
			
			
			736
			
			
			10
			
			
			20.0
			
			
			3.5
			
			
			3.0
			
			
			28
			
			
			Technology (Hardware/ Software)
			
		


			Nanofilm
			
			
			MZH
			
			
			9.0
			
			
			3,427
			
			
			70
			
			
			-16.5
			
			
			12.5
			
			
			5.7
			
			
			18
			
			
			Technology (Hardware/ Software)
			
		


			Top Glove
			
			
			BVA
			
			
			8.2
			
			
			12,093
			
			
			300
			
			
			-49.4
			
			
			-6.2
			
			
			-6.1
			
			
			-23
			
			
			Healthcare
			
		


			ISDN
			
			
			I07
			
			
			7.8
			
			
			287
			
			
			79
			
			
			1.1
			
			
			0.7
			
			
			6.5
			
			
			63
			
			
			Industrials
			
		


			Medtecs Intl
			
			
			546
			
			
			7.6
			
			
			527
			
			
			2,628
			
			
			0.4
			
			
			1.0
			
			
			2.7
			
			
			-4
			
			
			Healthcare
			
		


			Riverstone
			
			
			AP4
			
			
			5.6
			
			
			1,882
			
			
			143
			
			
			15.6
			
			
			-1.1
			
			
			1.6
			
			
			14
			
			
			Healthcare
			
		


			Frencken
			
			
			E28
			
			
			4.8
			
			
			649
			
			
			47
			
			
			8.3
			
			
			2.2
			
			
			2.7
			
			
			15
			
			
			Technology (Hardware/ Software)
			
		


			Golden Agri-Res
			
			
			E5H
			
			
			4.0
			
			
			2,665
			
			
			-30
			
			
			6.4
			
			
			0.8
			
			
			5.0
			
			
			32
			
			
			Consumer Non-Cyclicals
			
		


			Japfa
			
			
			UD2
			
			
			3.8
			
			
			1,854
			
			
			64
			
			
			9.5
			
			
			0.5
			
			
			2.2
			
			
			-1
			
			
			Consumer Non-Cyclicals
			
		


			UG Healthcare
			
			
			8K7
			
			
			3.7
			
			
			361
			
			
			1,157
			
			
			-2.4
			
			
			0.0
			
			
			2.6
			
			
			0
			
			
			Healthcare
			
		


			Total
			
			
			 
			
			
			299.1
			
			
			111,492
			
			
			 
			
			
			-69.9
			
			
			-4.1
			
			
			 
			
			
			 
			
			
			 
			
		


			Average
			
			
			 
			
			
			 
			
			
			 
			
			
			271
			
			
			 
			
			
			 
			
			
			4
			
			
			18
			
			
			 
			
		


			Median
			
			
			 
			
			
			 
			
			
			 
			
			
			56
			
			
			 
			
			
			 
			
			
			3
			
			
			15
			
			
			 
			
		

 Note: ^ on SGX Watch List. Sources SGX StockFacts, Refinitiv &amp; Bloomberg (Data as of 6 April 2021)

 

Proportionate to current market capitalisation, Fu Yu Corporation has recorded the largest net institutional inflows of all stocks listed on SGX in the 2021 year to 6 April. While Fu Yu Corporation has not been a top 20 traded manufacturing stock in the 2021 year to 6 April, the stock has now recovered more than 60% from its 18.9 cents low amidst the March 2020 volatility.  On 23 February, the vertically integrated manufacturer of precision plastic components reported that its FY20 (ended 31 Dec) net profit grew 33.3% to S$16.9 million. With the results, Fu Yu Corporation’s CEO noted that to ensure business resilience and stability in the current challenging business environment, the company will continue to optimise its operations, maintain a diversified customer base and product portfolio, and sustain a sound financial position.



Manufacturing Stocks Extend Gains in 1Q21