Singapore's Biggest Value Stocks Gained 4% in April-to-date
OREANDA-NEWS. The FTSE Value-Stocks ASEAN Index comprises 50 stocks from ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, and Thailand). To be included in the FTSE Value-Stocks ASEAN Index, securities must be constituents of the FTSE Global All Cap Index, and must adhere to the size, liquidity and free float requirements of the FTSE Global Equity Index Series. Constituent stocks are capped at 5% to avoid over-concentration in any one stock.
The stocks are further screened based on quality, valuation, and contrarian factors which examine their return on equity (ROE), operating profit margins, net gearing, dividend yields and price-earnings multiples.
There are 12 Singapore biggest value stocks listed on the Singapore Exchange (SGX) which are included in the FTSE Value-Stocks ASEAN Index. Since the previous market update on the FTSE Value-Stocks ASEAN Index, M1 has joined the index. These 12 stocks represent seven different industries, as categorised by the Global Industry Classification Standard (GICS®) – Banks, Distributors, Industrial Conglomerates, Machinery, Real Estate Investment Trusts, Real Estate Management and Development, and Wireless Telecommunication Services.
12 constituents of the FTSE Value-Stocks ASEAN Index have a combined market capitalisation of S$128.4 billion and maintain a dividend yield of 4.3%. In the month thus far, these 12 stocks averaged a gain of 3.6% in total return, bringing their year-to-date total return to 2.9%. This compares to the FTSE Value-Stocks ASEAN Index’s month-to-date and year-to-date total returns of 0.4% and 4.9% in SGD basis respectively.
Of the 12 stocks, the five best performers in terms of month-to-date total return have been CDL Hospitality Trusts (+9.5%), Jardine Cycle & Carriage (+6.9%), City Developments (+6.6%), Mapletree Logistics Trust (+6.4%) and Sembcorp Marine (+6.1%). Together, these five stocks averaged a month-to-date total return of 7.1%.
In the year thus far, the five best performers among the 12 stocks have been Jardine Cycle & Carriage (+22.8%), City Developments (+13.9%), CDL Hospitality Trusts (+13.3%), Mapletree Logistics Trust (+10.7%) and Oversea-Chinese Banking Corporation (+5.5%). Together, these five stocks averaged a 13.2% year-to-date total return.
Of the 12 stocks, the five highest yielding stocks have been CDL Hospitality Trusts (7.0%), Mapletree Logistics Trust (6.9%), M1 (6.1%), Keppel Corporation (6.1%) and Yangzijiang Shipbuilding (Holdings) (4.5%). Together, these five stocks averaged a 6.1% dividend yield.